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Business & Finance

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Business Developments & ProjectsExploration & ProductionProject & TendersVesselsEquipmentAuthorities & GovernmentCarbon Capture Usage & StorageRegulation & PolicyRules & RegulationOutlook & StrategyTechnologyTransitionVisionInfrastructureCollaborationStorage
Stena DrillMAX drillship; Source: Stena Drilling
Business & Finance

Stena Drilling’s drillship finds job in Greece

Scotland-headquartered offshore drilling contractor Stena Drilling has lined up a new assignment for its 2008-built mobile offshore drilling unit (MODU) off the coast of Greece.

about 3 months ago
BGN signs JV with CCEC for LNG carrier; Courtesy of BGN
Business & Finance

UAE firm to enrich fleet with two LNG carriers by 2027, first vessel deal now in the bag

On a quest to expand its maritime operations by enlarging its fleet, Dubai-based independent energy and commodities trading group BGN has sealed a long-term liquefied natural gas (LNG) carrier (LNGC) charter with an affiliate of Capital Clean Energy Carriers (CCEC).

about 3 months ago
Sea1’s offshore energy support vessel getting lights from Glamox this month
Business & Finance

Sea1’s offshore energy support vessel getting lights from Glamox this month

Four offshore energy support vessels (OESVs) being built in China for Norwegian offshore services provider Sea1 Offshore will sport lights from Glamox, with the first delivery to take place this month. Sea1 Offshore placed the order for the first two OESVs with Cosco Shipping in November 2024, revea

about 3 months ago
CCS exploration drilling ops cleared for launch offshore Japan
Business & Finance

CCS exploration drilling ops cleared for launch offshore Japan

On a mission to support carbon capture and storage (CCS), Metropolitan CCS, a joint venture (JV) between Inpex Corporation and Kanto Natural Gas Development, has secured the green light from Japan’s Minister of Economy, Trade and Industry to undertake exploratory drilling offshore Kujukuri along the

about 3 months ago
LNG vessel; Source: GTT
Business & Finance

Samsung Heavy Industries handpicks GTT for LNG vessel’s tank design

French technological containment specialist Gaztransport & Technigaz (GTT) has won a new tank design job for a liquefied natural gas (LNG) carrier (LNGC) with South Korea’s Samsung Heavy Industries.

about 3 months ago
Illustration; Credit: Morten Berentsen/NOD
Business & Finance

Norway eyes enhanced oil & gas recovery projects to boost production

Given its aim to increase oil and gas output on the Norwegian Continental Shelf (NCS), the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has spotlighted the use of advanced methods as a solution to curb production decline.

about 3 months ago
Swedish firm looking to deploy its hybrid ocean energy platform in Costa Rica
Business & Finance

Swedish firm looking to deploy its hybrid ocean energy platform in Costa Rica

Sweden-based NoviOcean is exploring the options for the deployment of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, in Costa Rica. NoviOcean has signed a memorandum of understanding (MoU) with MIR Green Energy to explore the deployment of th

about 3 months ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Business & Finance

Vår Energi unveils $360 million investment in Barents Sea field

Norwegian oil and gas player Vår Energi has handed out a revised plan for development and operation (PDO) of a project in the Barents Sea to Norway’s Ministry of Petroleum and Energy to enable higher production for longer from an offshore field.

about 3 months ago
FSRU conversion works for EemsEnergyTerminal are now underway; Source: Exmar
Business & Finance

Exmar embarks on FSRU conversion job for Dutch LNG terminal

Belgian shipping company Exmar has started the conversion works for a new floating storage regasification unit (FSRU) destined for the expansion of a liquefied natural gas (LNG) terminal in the Netherlands.

about 3 months ago
AF Gruppen buys Acteon business to expand its decom and offshore wind offering
Business & Finance

AF Gruppen buys Acteon business to expand its decom and offshore wind offering

Norway’s AF Gruppen is acquiring Aberdeen-headquartered Claxton, a provider of technology-driven services and engineering primarily within offshore decommissioning, from the UK-headquartered Acteon Group for an agreed enterprise value of £63.5 million (around €72.8 million). The transaction comprise

about 3 months ago
South Korean giant taps Wärtsilä for very large ethane carrier pair
Business & Finance

South Korean giant taps Wärtsilä for very large ethane carrier pair

Wärtsilä Gas Solutions, part of Finland’s technology group Wärtsilä, has been hired to supply certain equipment for two new very large ethane carrier (VLEC) vessels being built at South Korea’s Hyundai Heavy Industries (HHI) shipyard.

about 3 months ago
OneSubsea and TOYO to explore CCS opportunities in Southeast Asia
Business & Finance

OneSubsea and TOYO to explore CCS opportunities in Southeast Asia

Japan’s Toyo Engineering Corporation and OneSubsea, a joint venture established in 2023 by SLB, Aker Solutions, and Subsea7, have signed a memorandum of understanding (MoU) to explore collaboration opportunities in carbon capture and storage (CCS). Initially, the partners plan to explore opportuniti

about 3 months ago
Borgland Dolphin drilling rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling’s 1977-built rig gets hold of new multi-year gig

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has won a potential long-term job with an undisclosed oil and gas player for one of its semi-submersible rigs.

about 3 months ago
Illustration; Source: Petrobras
Business & Finance

Petrobras bringing $12-billion oil & gas project pair to life with SBM Offshore on FPSO duty for both

Brazilian state-owned energy giant Petrobras has made a final investment decision (FID) for another development in the Sergipe Alagoas Basin off the coast of Brazil. Dutch giant SBM Offshore is in charge of two floating production, storage, and offloading (FPSO) vessels that will enable production f

about 3 months ago
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