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Business & Finance

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A man seen from behind looking at the sea
Business & Finance

CB&I all done with acquisition of Petrofac’s Asset Solutions business

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has expanded its service offering with the purchase of Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning

about 3 months ago
Marvel Swallow LNG tanker; Source: Elenger
Business & Finance

European firm lines up five LNG cargos to up gas storage ante

Elenger, Finland’s privately owned energy company by Infortar, has set the wheels in motion to get ready for the next heating season by securing five liquefied natural gas (LNG) cargoes this spring.

about 3 months ago
Beryl Alpha in North Sea; Source: APA
Business & Finance

250 North Sea workers to reap benefits from UK union recognition deal

The offshore workers’ voices on the UK Continental Shelf (UKCS) are set to be amplified as Unite, described as Britain’s largest offshore trade union, has secured a new recognition agreement with Apache, a North Sea operator.

about 3 months ago
EnQuest
Business & Finance

Multimillion-dollar fine for EnQuest over 33 idle wells as UK cracks down on decom inactivity

Great Britain’s regulator, North Sea Transition Authority (NSTA), has hit London Stock Exchange-listed energy player EnQuest with a penalty over decommissioning failures related to 33 inactive wells.

about 3 months ago
Vessel naming ceremony; Source: Exmar
Business & Finance

‘World’s first’ ammonia dual‑fuel vessels get their names as green shipping advances

Belgian shipping company Exmar has unveiled a naming ceremony for two ocean-going ammonia dual fuel midsize gas carriers (MGC), which was held in South Korea.

about 3 months ago
FPSO Energean Power; Source: Energean
Business & Finance

Wheels up for FPSO to come back online in Eastern Mediterranean waters

London-based oil and gas player Energean has received the go-ahead to resume production from a floating production, storage, and offloading (FPSO) vessel, which is working at a field off the coast of Israel.

about 3 months ago
Commonwealth LNG; Source: Technip Energies
Business & Finance

Technip Energies in the clear to work on $12.5B LNG project in Louisiana

French-based engineering player Technip Energies has received clearance to move forward with efforts to breathe life into a liquefied natural gas (LNG) export project under development in Louisiana, United States.

about 3 months ago
BW Opal floating production storage and offloading unit
Business & Finance

Santos eyes restart of Australia’s huge gas project next week

Australian energy player Santos has disclosed a timeline for the resumption of production at its gas project off the coast of Australia’s Northern Territory.

about 3 months ago
Aker BP gets the all-clear to use Maersk rig on North Sea field
Business & Finance

Go-ahead for Aker BP to use accommodation facility at North Sea field

The Norwegian offshore safety regulator has given its blessing to Aker BP to deploy Macro Offshore Management’s mobile living quarters facility at a field in the North Sea off the coast of Norway.

about 3 months ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business & Finance

Two-week ceasefire deal putting Strait of Hormuz back in business

The U.S. President Donald J. Trump has made a deal with Iran to suspend further attacks for two weeks on the Middle Eastern country in exchange for the reopening of the Strait of Hormuz, which handles 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows.

about 3 months ago
Eco Wave Power reports continuous operations of its Israeli pilot project
Business & Finance

Eco Wave Power reports continuous operations of its Israeli pilot project

Eco Wave Power has reported that its wave energy project at the Jaffa Port in Israel had operated continuously during March, with approximately six days of moderate wave conditions in the range of one to two meters, generating over 1,200 kWh of renewable electricity. The EWP-EDF One wave energy proj

about 3 months ago
Capricorn’s NewMed merger plan runs up against strong shareholders’ opposition
Business & Finance

Saudi player’s takeover bid deadline for UK oil & gas firm gets prolonged

UK-headquartered Capricorn Energy, formerly known as Cairn Energy, has confirmed the extension of the deadline for a potential takeover offer from Alamadiyaf al-Masiyyah, a member of Saudi Arabia’s Cafani Group.

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

Time slipping away to develop one of Norway’s largest untapped gas discoveries

The Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has taken steps to carry out a study of one of the largest undeveloped gas discoveries on the Norwegian Continental Shelf (NCS) to speed up the process of attracting interest in its development while the infrastructu

about 3 months ago
Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water
Business & Finance

Third world record for Nexans as it installs 420 kV subsea cable 530 meters under water

France’s Nexans has completed a deep-fjord 420 kV subsea cable project for Norway’s transmission system operator (TSO) Statnett, set to strengthen the regional transmission grid serving Bergen and nearby industrial areas. Nexans secured the project in 2022 for the engineering, manufacturing and inst

about 3 months ago
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