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Business & Finance

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Authorities & GovernmentBusiness Developments & ProjectsCollaborationOutlook & StrategyRegulation & PolicyProject & TendersExploration & ProductionEventsOperations & MaintenanceTechnologyHeavy liftingVesselsInfrastructureCarbon Capture Usage & StorageEnvironmentInnovationResearch & DevelopmentStorageTransitionVisionEquipmentGreen Marine
FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian duo inches closer to merger as government agency gives its blessing

Brazil’s Administrative Council for Economic Defense (CADE) has approved the proposed merger of Enauta and 3R Petroleum Óleo e Gás.

about 2 years ago
Ocean Power Technologies has inked a memorandum of understanding (MoU) with AltaSea at the Port of Los Angeles
Business & Finance

Ocean Power Technologies signs MoU with AltaSea to explore marine energy opportunities

According to OPT, the joint aim behind this MoU is to explore opportunities in the blue economy, building on OPT’s CEO Philipp Stratmann’s recent visit to AltaSea.

about 2 years ago
After no luck in June, Norwegian player makes oil & gas discovery in North Sea
Business & Finance

After no luck in June, Norwegian player makes oil & gas discovery in North Sea

After having no luck with an exploration well in mid-June, Norwegian oil and gas company Wellesley Petroleum has proven oil and gas in another well located in the North Sea. Wellesley Petroleum found oil and gas in the Gnomoria Appraisal (35/10-12 S) well located about 100 kilometers southwest of Fl

about 2 years ago
Klaipeda LNG terminal; Source: KN Energies
Business & Finance

EU duo seals LNG deal as Central and Eastern European countries resolutely reinforce energy diversification ties

Slovakia’s ZSE Group has signed a gas sales agreement with Poland’s Orlen Group to secure the supply of LNG originating mainly from the U.S.

about 2 years ago
Atlantic LNG
Business & Finance

Shell sanctions big gas project and anticipates LNG growth in Trinidad and Tobago

Shell has taken a final investment decision (FID) for a gas development project offshore Trinidad and Tobago, which is expected to boost its LNG arsenal.

about 2 years ago
Prelude FLNG; Source: Shell
Business & Finance

Multi-year FLNG gig enables UK firm to expand on its 70-year relationship with Shell

Shell has hired Wood on a long-term engineering assignment related to its FLNG facility off the coast of Western Australia.

about 2 years ago
Singapore-based company Hann-Ocean Energy has concluded its wave energy generation project on Shengsi Island, Zhejiang Province, after two and a half years of sea trials.
Business & Finance

Singaporean firm sets sights on commercialization after wave energy device trials

Singapore-based company Hann-Ocean Energy has concluded its wave energy generation project on Shengsi Island, Zhejiang Province, after two and a half years of sea trials.

about 2 years ago
N05-A platform; Source: One-Dyas
Business & Finance

Heerema’s giant heavy lift vessel tasked with putting North Sea gas platform in place

ONE-Dyas has hired Heerema Marine Contractors’ semi-submersible crane vessel (SSCV) to place its new gas platform at its designated spot in the North Sea.

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

Brazilian pair exploring gas infrastructure sharing to achieve synergies in Equatorial Margin

3R Petroleum has signed a MOU with compatriot firm PetroReconcavo to evaluate the sharing of natural gas infrastructure in the Potiguar Basin.

about 2 years ago
EU partnership looking into floating power generation hub with CO2 capture and storage
Business & Finance

EU partnership looking into floating power generation hub with CO2 capture and storage

Dutch provider of offshore floating facilities SBM Offshore and Norwegian energy solutions development company Ocean-Power have signed a partnership agreement to collaborate on a floating power generation hub with CO2 capture and storage. With the signature of a memorandum of understanding (MoU), th

about 2 years ago
FPSO Cidade de Campos dos Goytacazes MV29; Source: MODEC
Business & Finance

Brazilian oil keeps flowing as Campos Basin’s second-largest FPSO hits six-year mark

An FPSO unit operated by Japan’s MODEC on behalf of Petrobras has celebrated its sixth year of operation in the Campos Basin offshore Brazil.

about 2 years ago
LNG Canada marine terminal, Kitimat, March 2024; Courtesy of Shell-led LNG Canada
Business & Finance

Canada’s first large-scale LNG export facility closing in on start-up date

LNG Canada has made inroads in putting the required pieces in place to bring its LNG export terminal into operation later this year.

about 2 years ago
New VARD cable layer destined for Denmark hits the water
Business & Finance

New VARD cable layer destined for Danish firm hits the water

The cable-laying vessel (CLV) that Norwegian ship designer and shipbuilder VARD is building for Danish subsea specialist NCT Offshore has hit the water in Romania. NCT placed the order for the 95-meter-long CLV with VARD in early 2023, with Vard Design in Ålesund, Norway, in charge of the design, Va

about 2 years ago
Danaos invests $509 million in five new methanol-ready containerships
Business & Finance

Danaos invests $509 million in five new methanol-ready containerships

Danaos Corporation has ordered five new methanol-ready containerships for $509 million at Chinese shipyards.

about 2 years ago
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