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Business & Finance

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Omega Subsea and AGR establish North Sea ROV and survey collaboration
Business & Finance

Omega Subsea and AGR establish North Sea ROV and survey collaboration

Norway-based Omega Subsea and AGR have set up a long-term partnership for offshore survey and remotely operated vehicle (ROV) services in the North Sea. Omega Subsea will deliver integrated ROV and survey capabilities onboard the 89.3-meter-long, 2005-built multipurpose offshore support vessel Aquam

about 3 months ago
A digital rendering of an LNG plant by the coast
Business & Finance

First European LNG deal for Canada’s multibillion-dollar project

A liquefied natural gas (LNG) project, being developed on Canada’s northwest coast to export lower-carbon LNG to markets in Asia, has obtained its first agreement with a European buyer.

about 3 months ago
Illustration; Source: Europa Oil & Gas
Business & Finance

African oil & gas block’s farm-out one approval shy of completion

UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has confirmed that one key go-ahead is still pending for a farm-out process related to a block off the coast of Equatorial Guinea.

about 3 months ago
Spanish floating solar platform hits the water ahead of open sea trials
Business & Finance

Spanish floating solar platform hits the water ahead of open sea trials

Spain-based engineering consultancy BlueNewables has launched the first platform of its PV-bos floating solar technology in Vigo, before it is taken to its final site in Valencia to conclude operational validation in open sea conditions. The platform named Paiporta was launched at the facilities of

about 3 months ago
Poland-bound FSRU; Source: Gaz-System
Business & Finance

KN Energies picks up job on European FSRU project

Lithuania-headquartered liquefied natural gas (LNG) terminal operator KN Energies (KN) has been hired by Poland’s gas transmission system operator (TSO), Gaz-System, on an assignment related to a new floating storage and regasification unit (FSRU), destined to be part of a liquefied natural gas (LNG

about 3 months ago
WATCH: Onshore cabling completed for Ireland’s first direct energy link to Europe
Business & Finance

WATCH: Onshore cabling completed for Ireland’s first direct energy link to Europe

Onshore cable installation has been completed in Ireland as part of the island’s first direct electricity interconnection with the European continent via a 500-kilometer subsea cable. Developed by French and Irish transmission system operators (TSOs) Réseau de Transport d’Électricité (RTE) and EirGr

about 3 months ago
DeepOcean wins subsea contract package with Equinor
Business & Finance

DeepOcean wins subsea contract package with Equinor

Ocean services provider DeepOcean has secured a subsea contract package with Norwegian state-owned energy giant Equinor for multiple fields on the Norwegian continental shelf (NCS), with offshore work to be performed across 2027-2028. The package includes subsea work scope at the Visund field in the

about 3 months ago
CRP Subsea to supply cable protection systems for East Anglia Two offshore wind farm
Business & Finance

CRP Subsea to supply cable protection systems for East Anglia Two offshore wind farm

UK-based CRP Subsea has secured a contract from Seaway7 to supply cable protection systems (CPS) for ScottishPower Renewables’ East Anglia Two offshore wind farm in the UK North Sea. Under the contract, CRP Subsea will provide 142 NjordGuard cable protection systems for inter-array cable termination

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

Technip Energies rakes in over €1 billion for job on $13B US LNG project

French-based engineering player Technip Energies has secured the all-clear to proceed with its assignment on a liquefied natural gas (LNG) export project under development in Louisiana, United States.

about 3 months ago
Venterra’s Oceanscan opens new facility after ‘standout year of growth’
Business & Finance

Venterra’s Oceanscan opens new facility after ‘standout year of growth’

UK’s Oceanscan Group, a member of Venterra Group, has opened its new facility in Aberdeen, following what the company says was a standout year of growth across Europe, during which the subsea business doubled in size. Oceanscan reported that the new 1,200m2 site in Dyce, opened on May 21, more than

about 3 months ago
FSRU Dioriga Gas; Source: Dioriga Gas
Business & Finance

LNG pact enables Greek FSRU to boost Southeast Europe’s gas supply diversification

Mercuria, an independent energy and commodity trader, has joined forces with Motor Oil Hellas (MOH) to ensure liquefied natural gas (LNG) supply through a floating storage and regasification unit (FSRU) in Greece’s Saronic Gulf.

about 3 months ago
Eastern Green Link 2 gives back as second round of community fund opens
Business & Finance

Eastern Green Link 2 gives back as second round of community fund opens

The second round of funding for the Eastern Green Link 2 (EGL) project fund has opened for applications, targeting communities near the project that will transport clean electricity from Peterhead in Scotland to England via a 505-kilometer subsea cable. Developed by a joint venture of SSEN Transmiss

about 3 months ago
Illustration; Source: Rystad Energy
Business & Finance

Oil & gas players unlocking $500 billion opportunity with AI and digitalization

By employing digitalization and artificial intelligence (AI), Rystad Energy, an energy market intelligence group, has highlighted that exploration and production (E&P) companies could reap close to $500 billion in cumulative value between 2026 and 2030.

about 3 months ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business & Finance

Australian gas reservation draft raises the alarm over export reliability

Given the growing concerns over a draft domestic gas reservation framework, Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has emphasized the investment risks such a move could bring, intensifying east coast gas supply pressures.

about 3 months ago
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