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Business & Finance

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Environmental Defense Fund Europe (EDFE)
Business & Finance

EU’s first-ever methane clampdown regulation becoming law of the land

The EU has set standards in place to curb its methane footprint from the energy sector, with the historic legislation to slash methane emissions in Europe.

about 2 years ago
Illustration; Source: Snam
Business & Finance

Italian firm on track to bring FSRU for its LNG terminal online next year

Italy’s Snam has disclosed that the work is going as planned, with the FSRU for its Ravenna LNG terminal scheduled to go online in Q1 2025.

about 2 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Business & Finance

As oil & gas player closes the book on Norwegian ops, rebranding coming soon for one opened in Southeast Asia

Longboat Energy has ended its oil and gas story in Norway by wrapping up the divestment of its assets and will focus on building a full-cycle E&P business in Southeast Asia.

about 2 years ago
Dutch cable logistics company expands with purchase of compatriot firm
Business & Finance

Dutch cable logistics company expands with purchase of compatriot firm

Dutch provider of solutions for transport, handling and storage of subsea cables WIND Group has acquired compatriot equipment engineering and manufacturing company Draftec. Founded in 2009, Draftec has grown into a specialized system integrator and manufacturer of custom-designed, multi-disciplinary

about 2 years ago
Illustration; Source: CNOOC
Business & Finance

As ultra-deep well surpasses oil & gas target, another drilling ‘breakthrough’ pops up offshore China

CNOOC has celebrated the performance of its first ultra-deep well in Bohai Bay, alongside a new hydrocarbon discovery.

about 2 years ago
Allrig
Business & Finance

US firm scores two long-term gigs with ‘key’ drilling players in Golden Triangle area

Texas-based one-stop shop for asset management Allrig has won two new assignments with undisclosed drilling contractors in West Africa and Brazil.

about 2 years ago
Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG
Business & Finance

Samsung Heavy Industries books French player for work on Canada’s $4 billion FLNG project

GTT has picked up a new order from Samsung Heavy Industries, which will enable it to provide the tank design of a new FLNG unit, which will be deployed in the traditional territory of the Haisla Nation, on Canada’s West Coast.

about 2 years ago
Illustration; Source: Saipem
Business & Finance

Saipem scores $500 million for work on two offshore oil projects in Middle East

Saipem has got its hands on multimillion-dollar assignments on two projects off the coast of Saudi Arabia with the country’s oil and gas heavyweight Aramco.

about 2 years ago
RWE’s large hydrogen projects in Germany receive €818 million boost
Business & Finance

RWE’s large hydrogen projects in Germany receive €818 million boost

The German and federal state governments have granted €818 million in funding to RWE’s large hydrogen projects.

about 2 years ago
Pioneering Spirit removes Ekofisk 2/4 G jacket; Source: Aker BP
Business & Finance

WATCH: World’s largest offshore construction vessel takes former platform’s jacket out of North Sea as recycling time comes

Allseas has performed another removal task in the North Sea with its giant offshore construction vessel for Aker BP, a Norwegian oil and gas player.

about 2 years ago
Panoramic view of Gwangyang 1st LNG Terminal; Source: POSCO International
Business & Finance

South Korea’s LNG terminal fully operational, second due in 2026

POSCO International has completed the construction of the first non-state-owned liquefied natural gas (LNG) terminal at the country’s Gwangyang port, which is meant to increase energy security for the East Asian country.

about 2 years ago
Scarlet Ibis LNG vessel; Source: Northern Marine
Business & Finance

Hyundai Glovis welcomes first LNG carrier to its fleet

Hyundai Glovis has entered the liquefied natural gas (LNG) transportation industry thanks to the delivery of its first LNG carrier, which was overseen by ship management and marine services solutions company Northern Marine.

about 2 years ago
WATCH: After 28 days at sea, Prysmian's new cable layer reaches Norway for final fit-out
Business & Finance

After 28 days at sea, Prysmian’s new cable layer reaches Norway for final fit-out (Video)

Prysmian’s new cable laying vessel (CLV) Monna Lisa has arrived at Vard’s shipyard in Norway from Romania, with outfitting completion, installation of main mission equipment and trials now on schedule. After the Italian cable giant disclosed plans to invest in the CLV Monna Lisa, a sister vessel to

about 2 years ago
LNG heat exchanger; Source: Air Products
Business & Finance

Honeywell splashes out $1.81 billion on LNG business to boost energy transition offering

Honeywell has agreed to buy Air Products’ LNG process technology and equipment business to offer end-to-end services for global customers.

about 2 years ago
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