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Business & Finance

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LNG Canada marine terminal, Kitimat, March 2024; Courtesy of Shell-led LNG Canada
Business & Finance

‘Pivotal’ move for Canada’s first LNG export facility to come online

With the first natural gas feed and flaring, LNG Canada, a joint venture company encompassing Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, is taking a key action toward putting into operation mode its liquefied natural gas (LNG) export terminal in Kitimat, Canada’s British Columbia (B.C.).

about 1 year ago
Port of Rotterdam through which Porthos pipeline will run; Source: Port of Rotterdam
Business & Finance

Porthos in the making: New construction steps setting the stage for first Dutch large-scale North Sea carbon transport and storage project

With the infrastructure buildout phase underway, the foundation stone has been laid down for the first large-scale Dutch carbon capture and storage (CCS) project.

about 1 year ago
Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corporation
Business & Finance

Noble and Diamond Offshore days away from becoming one as final regulatory approval slides into place

Noble Corporation and Diamond Offshore have managed to get all regulatory requirements out of the way, thus, their business combination is anticipated to be completed in a couple of days.

about 1 year ago
HVDC cable from each converter station two pairs of HVDC cables, one positive and one negative, will connect to a remote station. The cables will run underground from the converter stations to the coa
Business & Finance

Fears over national security threaten to nip UK – France subsea interconnector in the bud

As the proximity to a naval base stokes defense and national security concerns, will the Ministry of Defence’s objection be the final nail in the coffin for this bi-directional green electric power link?

11 minutes read
FPSO Norne; Source: Equinor
Business & Finance

Norway’s DNO building up oil & gas portfolio through new acquisitions and drilling ops

DNO has been stockpiling its oil and gas arsenal by pursuing acquisitions of offshore fields and searching for more hydrocarbons on the Norwegian Continental Shelf (NCS).

about 1 year ago
CTV Skandi Hercules; Source: DOF
Business & Finance

DOF lines up another assignment in Asia Pacific thanks to decom gig for 2010-built vessel

DOF Group has won a new subsea deal in the Asia Pacific (APAC) region for one of its multi-purpose subsea vessels with construction support vessel (CSV) features.

about 1 year ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business & Finance

Delay on the cards for first oil from flagship North Sea project, as operator puts the brakes on investment activity while uncertainty permeates UK’s fossil fuels arena

NEO Energy has decided to slow down investment plans across its portfolio. As a result, the start-up timeline for the firm’s oil redevelopment project in the North Sea may be postponed.

about 1 year ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business & Finance

Eco Wave Power and Shell advance wave energy project at Port of Los Angeles

Eco Wave Power has received a green light from the Port of Los Angeles for the engineering plans of the wave energy project the company is developing in partnership with Shell International Exploration and Production, as well as for other documents submitted. The Port of Los Angeles and AltaSea at t

about 1 year ago
Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne
Business & Finance

Step forward taken to build ‘world’s largest’ multimillion-dollar HVDC subsea cable factory in UK

A new head of terms has been inked for an option on a lease at the Port of Tyne near Newcastle on the River Tyne in North East England to move forward with the development of what is envisioned to become the world’s largest HVDC subsea cable factory.

about 1 year ago
Illustration; Source: Yinson
Business & Finance

Yinson sheds one of five spin-offs to home in on FPSO and energy transition business arenas

Yinson, which currently invests in five business units, has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel services.

about 1 year ago
Illustration; Source: SSEN Transmission
Business & Finance

Atlantic SuperConnection: Laying the FID groundwork for subsea interconnector to ply UK with geothermal and hydroelectric electricity while doling out wind power to Iceland

Plans have been set to put the required funding in place to take a final investment decision (FID) on a subsea interconnector project between the UK and Iceland.

about 1 year ago
Deep Blue pipelay vessel; Source: TechnipFMC
Business & Finance

TechnipFMC: It’s a wrap on Guyana’s flagship $1.9 billion gas-to-energy project (Video)

TechnipFMC has put the finishing touches on its assignment at a gas-to-energy (GtE) project off Guyana’s Atlantic coast, which is envisioned to enable infrastructure buildout required to allow for natural gas to be transported from an oilfield in the waters of the prolific Stabroek Block to an integ

about 1 year ago
Illustration; Source: Velesto Energy
Business & Finance

Velesto optimistic about jack-up market’s future, with ‘another excellent quarter’ in the bag

Malaysian rig owner Velesto Energy has reported solid financial results for the second quarter of 2024, which it attributes to higher utilization and average daily charter rates.

about 1 year ago
Shearwater; Source: Shell
Business & Finance

Giant oil & gas projects on thin ice as UK pulls out of court battle: Will Shell and Equinor get cold feet or take a stand against legal challenges?

While two huge oil and gas projects in the waters off the coast of the UK have been walking a tightrope for some time, their operators, Britain’s Shell and Norway’s Equinor, did not waiver in their commitment to enriching the energy market with these resources and both hydrocarbon developments overc

11 minutes read
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