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Business & Finance

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Offshore rig
Business & Finance

UK-Trinidadian oil & gas firms’ merger progressing further with another set of criteria out of the way

UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, has fulfilled two more conditions for its proposed merger with Trinidad-headquartered Lease Operators.

about 2 years ago
Kriegers Flak offshore wind farm in the Danish Baltic Sea
Business & Finance

Vattenfall taps Correll Group for multi-year offshore wind services

Correll Group, a subsidiary of SPIE Global Services Energy, has been awarded two multi-year framework agreements from Vattenfall to carry out cable testing and fault finding for Vattenfall’s offshore wind farms in Europe. The two framework agreements cover Vattenfall’s existing and potential new off

about 2 years ago
Gas from Argo Cassiopea field is transported to Gela processing plant; Source: Eni
Business & Finance

Italy’s ‘most important’ gas project goes live leaving near-zero emissions in its wake

Eni has hit a new milestone with the start-up of a gas project at an offshore field in the Strait of Sicily, describing the field as the most important gas development project in Italy.

about 2 years ago
DeepOcean's subsea vessel to keep servicing its lifetime client for another five years
Business & Finance

DeepOcean’s subsea vessel to keep servicing its lifetime client for another five years

Norway-based ocean services provider DeepOcean has secured a five-year contract extension with a Mexican company that provides services and solutions for the oil industry for its construction and subsea vessel. Thanks to the contract extension with Diavaz, DeepOcean’s Arbol Grande vessel will work o

about 2 years ago
Rendering of an onshore LNG terminal featuring several tanks and a jetty with a vessel
Business & Finance

KOGAS winds down roof air-raising ops on LNG tank quartet

Korea Gas Corporation (KOGAS) has completed the roofing of four LNG storage tanks at the country’s Dangjin LNG terminal.

about 2 years ago
EU flag; Courtesy of the European Commission; Credit: Mauro Bottaro
Business & Finance

EU to launch €8M call for improving ocean energy devices

The EU’s flagship Horizon Europe program is to issue a multi-million funding call this September, focused on advancing the sustainability, reliability, and cost-efficiency of ocean energy devices. With a budget of €8 million, this call for the “Critical Technologies for Future Ocean Energy Farms” pr

about 2 years ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business & Finance

US firm’s FLNG back online offshore Mexico following outage

New Fortress Energy (NFE) has restarted production at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.

about 2 years ago
Illustration; Source: i3 Energy
Business & Finance

Canadian oil & gas player makes $225.4 million takeover bid for UK firm

Gran Tierra Energy has made a move to bring i3 Energy, the UK-based oil and gas player, into its fold by pursuing a $225.4 million business combination that will not only diversify but also expand its asset portfolio.

about 2 years ago
An offshore platform
Business & Finance

Kent demystifying oil & gas decarbonization economics

Dubai-headquartered engineering and services company Kent is developing a comprehensive report aiming to offer guidance for determining the cost of decarbonization, including its societal aspect, in the upstream oil and gas industries on behalf of the London-based Energy Institute.

about 2 years ago
An aerial photo of JDR Cable Systems' new Blyth facility
Business & Finance

JDR’s Chief Strategy Officer: ‘Look at floating wind’

JDR Cable Systems is already at the forefront of the production and supply of dynamic subsea cables to the floating wind market and will become a leader as the market expands, JDR’s Chief Strategy and Compliance Officer said in an interview with our sibling news site offshoreWIND.biz. In this articl

about 2 years ago
Jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling’s backlog reaches $2.1 billion with 33 out of 36 rigs busy with work

Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024.

about 2 years ago
Contract extension puts high-end subsea vessel to work until May 2028
Business & Finance

Contract extension puts high-end subsea vessel to work until May 2028

DOF Subsea has secured a contract extension for its high-end subsea vessel that will keep the vessel busy until mid-2028. The new commitment for DOF’s Skandi Africa will run until May 2028 and will commence in direct continuation with the current commitment, which runs until February 2025. According

about 2 years ago
LNG vessel surrounded by four tugboats approaching a jetty
Business & Finance

Demand boost prompts calls for more gas production and fewer exports in Western Australia

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, is set on working with the government of Western Australia (WA) to find the best way forward following an inquiry into the state’s domestic gas policy by the Western Australian Par

about 2 years ago
$40M fund for New Yorkers looking to build careers in green economy opens second call
Business & Finance

$40M fund for New Yorkers looking to build careers in green economy opens second call

Champlain Hudson Power Express (CHPE), the high-voltage direct current (HVDC) power cable project that will connect the Canadian border and New York, has opened the second request for proposals (RFP) for its $40 million fund dedicated to supporting New York State’s disadvantaged communities, low-inc

about 2 years ago
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