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Business & Finance

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50Hertz and Elia launch €752 million offshore HV cable jointing and repair logistics tender
Business & Finance

50Hertz and Elia launch €752 million offshore HV cable jointing and repair logistics tender

50Hertz and Elia have launched a joint procurement for offshore high-voltage (HV) cable repair logistics and jointing services, under which the transmission system operators (TSOs) will award framework agreements valued at a total of up to €752 million. The tender, published in the Official Journal

about 3 months ago
Valaris 8504 rig; Curtesy of Valaris
Business & Finance

No ‘immediate commercialization’ in sight for gas discovery offshore Japan

Japan Petroleum Exploration Co., Ltd. (JAPEX) has shed light on its exploratory drilling activities in the offshore Hidaka area of Hokkaido.

about 3 months ago
LNG carrier Sohshu Maru at JERA's Futtsu LNG terminal; Source: JERA
Business & Finance

Australian gas project’s LNG comes to Japan as JERA brings in first cargo

Japan’s power generation major JERA has taken delivery of its first liquefied natural gas (LNG) cargo from a giant gas project off the coast of Australia’s Northern Territory.

about 3 months ago
KOIL's newly acquired mobile offshore carousel; Source: KOIL
Business & Finance

KOIL picks up new subsea umbilical gig

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions has secured a project for subsea umbilical handling, spooling, and storage services with an undisclosed company.

about 3 months ago
COSL Promoter; Source: COSL Drilling Europe
Business & Finance

Equinor’s North Sea P&A ops with COSL’s 2012-built rig cleared for action

Norway’s state-owned energy giant Equinor has received the Norwegian authorities’ blessing for plugging and abandonment (P&A) activities in the North Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 3 months ago
Norwegian shipping firm buys new vessel and inks bareboat deal with Solstad
Business & Finance

MDL lends Saipem a hand with flex-lay prep for ops in Guyana

Aberdeen-headquartered Maritime Developments Limited (MDL) has assisted Italy’s engineering, drilling, and construction services giant Saipem during flex-lay preparations for activities off the coast of Guyana.

about 3 months ago
Calcasieu Pass terminal; Source: Venture Global
Business & Finance

Greek player doubles US LNG supplies with expansion of Venture Global deal

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has revealed a twofold LNG supply increase in its two-decade-long arrangement with Greece’s Atlantic-SEE LNG Trade, a newly formed joint venture between Greek companies AKTOR Group and DEPA Commer

about 3 months ago
Browse to North-West Shelf project development concept; Source: Woodside
Business & Finance

Woodside ups Australian giant gas project share by stepping in on CNPC’s sale

Australian energy giant Woodside has moved to increase its interest in an offshore development project, which is described as Australia’s largest untapped conventional gas resource, by exercising its pre-emption right to block the divestment of stakes to Japan’s exploration and production (E&P) comp

about 3 months ago
Buzzard offshore platform; Courtesy of CNOOC
Business & Finance

North Sea oil platform automation enhancement on ABB’s UK worksheet

Switzerland-based electrification and automation technology provider ABB has been hired to upgrade the automation and control systems on an offshore platform, which operates approximately 100 kilometers northeast of Aberdeen at one of the UK’s largest North Sea oil fields.

about 3 months ago
FPSO P-79; Source: Hanwha Ocean
Business & Finance

Hanwha Ocean-built FPSO’s oil offloading opens revenue flows for Petrobras

Brazilian state-owned energy heavyweight Petrobras has initiated a revenue stream with the first oil offloading from its eighth floating production, storage and offloading (FPSO) unit, which is working at a field in the Santos Basin off the coast of Brazil.

about 3 months ago
Catcher FPSO
Business & Finance

Serica’s North Sea expansion boost: Acquisition wrap-up ensures oil & gas portfolio growth

UK-based upstream oil and gas player Serica Energy has enhanced its long-term resource outlook by bringing to a close the acquisition of previously disclosed assets from the Netherlands-based exploration and production player ONE-Dyas.

about 3 months ago
An offshore platform
Business & Finance

EnQuest makes $833 million play to expand its Southeast Asian oil & gas arsenal

EnQuest Petroleum Production Malaysia, a wholly owned subsidiary of London Stock Exchange-listed energy firm EnQuest, has set the wheels in motion to enlarge its oil and gas footprint in Southeast Asia through a proposed acquisition of interests in four production sharing contracts (PSCs) off the co

about 3 months ago
SW Empress vessel; Source: Shearwater
Business & Finance

ExxonMobil puts Shearwater on seismic duty offshore Guyana

Norwegian marine geoscience and technology company Shearwater GeoServices has picked up a new distributed acoustic sensing (DAS) seismic assignment in the Stabroek block off the coast of Guyana, thanks to a deal with ExxonMobil Guyana, a subsidiary of U.S.-headquartered energy giant ExxonMobil.

about 3 months ago
T12 Engineering
Business & Finance

Scottish player ships 60-ton subsea structure for Norwegian oil & gas playground

Scotland-headquartered engineering and design company T12 Engineering has finished its assembly and shipment scope for a major gravity-based subsea structure (GBS) by transporting it to Norway, completing what the firm describes as one of the largest projects it has delivered to date.

about 3 months ago
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