Australian oil and gas player Beach Energy is planning to reduce the headcount across the business by 30% as part of a move aimed at achieving efficiency and operational cost improvements. Beach Energy announced on February 12, 2024, it was undertaking a comprehensive strategic review that aims to r
Bureau Veritas Group has awarded Dutch-Norwegian company SolarDuck the world’s first prototype certification for floating solar technology. This floating solar technology’s implementation was demonstrated in SolarDuck’s 0.5 MW pilot project Merganser. The certification of the Merganser prototype com
Offshore energy infrastructure services company Acteon Group has been acquired by private equity investors Buckthorn Partners and One Equity Partners (OEP), with a new Chief Executive Officer (CEO) taking the helm. According to Acteon, Buckthorn and OEP are making a substantial investment in the bus
UK-based offshore drilling contractor Stena Drilling is set to deliver an equipment upgrade for its newest drillship that is expected to make it capable of drilling in previously inaccessible reservoirs. The seventh-generation drillship Stena Evolution is about to undergo an equipment upgrade which
PetroVietnam has signed a contract with QatarEnergy LNG to purchase 70,000 metric tons of LNG set to be delivered next month.
Allseas’ newly converted shallow-water pipelay barge has begun preparations for its first commercial project, following sea trials offshore Malaysia. The crew is mobilizing the flat-bottomed barge called Sandpiper for its first commercial project which kicks off next month, following a period of 18
UAE energy giant Abu Dhabi National Oil Company (ADNOC) has started crude oil production from its Belbazem offshore block, helping meet growing demand for Abu Dhabi’s lower-carbon intensity oil and gas. The block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petro
Green North Energy proposes to build green hydrogen and ammonia plants as part of BalticSeaH2 project in Finnish cities Pori and Kemi.
SEA-KIT International’s latest 12-meter X-Class uncrewed surface vessel (USV) Fugro Blue Essence has been awarded Lloyd’s Register (LR) unmanned marine systems (UMS) certification, which stands as the company’s fifth certificate, and the first LR UMS certificate for a Category 0 certified vessel. T
McDermott has won what it defines as a “sizeable” offshore transportation, installation and commissioning contract from PTTEP Sabah Oil Limited (PTTEP) for a project offshore Malaysia on which it had worked in the early 2010s. Under the contract worth between $1 million and $50 million, McDermott wi
A consortium comprising three Indonesia-based companies has secured a large-scale 20-year contract for LNG infrastructure with PLN Energi Primer (PLN EPI) in Indonesia that will serve seven power plants of a total of 1,510 MW capacity. LNG terminals and downstream infrastructure company AG&P LNG, ma
UK energy market regulator Ofgem has given provisional regulatory approval for the Eastern Green Link 2 (EGL2) subsea connection between Scotland and Yorkshire, with over 500 kilometers said to be the longest ever built in Great Britain. Ofgem gave provisional approval of the expenditure required fo
Eni has extended its tenure as a founding member of the MIT Energy Initiative through 2027 to reinforce its decarbonization efforts.
North Sea oil and gas operator Ithaca Energy has entered into an exclusivity agreement with Eni in relation to a potential transformational combination with substantially all of the company’s UK upstream assets. The deal implies the recently acquired Neptune Energy assets, excluding certain assets i
