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Business & Finance

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Man pointing at offshore platform
Business & Finance

TotalEnergies’ upstream merger with NEO NEXT crosses finish line

The merger between TotalEnergies’ UK North Sea upstream oil & gas business and NEO NEXT has been completed, resulting in what the French energy giant says is the largest independent oil & gas producer in the UK. To remind, the partners signed an agreement in December 2025 under which TotalEnergies w

about 4 months ago
History written as CCS technology starts operating on board FPSO
Business & Finance

History written as CCS technology starts operating on board FPSO

Malaysia’s Yinson Production has put into operation the carbon capture and storage (CCS) unit onboard its floating production, storage, and offloading (FPSO) vessel Agogo, said to be the world’s first post-combustion CO2 capture plant installed on an offshore facility. The milestone is said to be th

about 4 months ago
Two new campaigns with Equinor to keep Reach Subsea’s USV at work
Business & Finance

Two new campaigns with Equinor to keep Reach Subsea’s USV at work

Norway’s Reach Subsea has secured two new call‑offs under its frame agreement with compatriot state-owned energy firm Equinor which will see its uncrewed surface vessel (USV) Reach Remote 1 deployed for gas reservoir monitoring and subsea inspection, maintenance and repair (IMR) services on the Norw

about 4 months ago
After Prysmian, Siemens Energy confirmed as supplier for UK’s Eastern Green Link 4
Business & Finance

After Prysmian, Siemens Energy confirmed as supplier for UK’s Eastern Green Link 4

Following the preferred bidder status from July 2025, Siemens Energy has now secured a contract for the delivery of two high-voltage direct current (HVDC) converter stations for the fourth out of five subsea electricity superhighways between Scotland and England. The 2 GW Eastern Green Link 4 (EGL4)

about 4 months ago
Oil-to-CO2 storage wells begin transformation journey offshore Denmark
Business & Finance

Oil-to-CO2 storage wells begin transformation journey offshore Denmark

North Sea wells originally used for oil production are currently being prepared for CO2 storage as part of the Greensand Future project in Denmark, which will store carbon dioxide in the Nini West field located approximately 240 kilometers northwest of Esbjerg. To remind, in December 2022, Project G

about 4 months ago
Mitsui greenlights $40 million investment in Port of Nigg
Business & Finance

Mitsui greenlights $40 million investment in Port of Nigg

An investment of over GBP 30 million (around $40 million) in new facilities that will support offshore wind construction at the Port of Nigg in Scotland has received final approval by Maraen, a new integrated energy infrastructure brand launched by Mitsui & Co. Europe and Mitsui O.S.K. Lines (MOL),

about 4 months ago
Calcasieu Pass LNG facility; Source: Venture Global LNG
Business & Finance

Venture Global and Edison put LNG arbitration battle behind them

Against the backdrop of the geopolitical upheaval caused by the Middle East conflict, Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has resolved its arbitration dispute with Edison regarding its LNG facility in Louisiana, United States.

about 4 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business & Finance

Chevron shakes hands with NOC for oil study at block offshore Libya

U.S.-headquartered energy giant Chevron has teamed up with Libya’s National Oil Corporation (NOC) for an oil study at an offshore block in Libyan waters.

about 4 months ago
Installation of FLNG mooring system at Eni Congo LNG project; Source: Geocean
Business & Finance

WATCH: FLNG mooring system slides in place offshore Congo

France’s marine contractor Geocean has released video footage showing the work undertaken to put in place a mooring system for a floating liquefied natural gas (FLNG) unit off the coast of Congo, Africa.

about 4 months ago
New joint project aims to bring subsea chemical storage technology to deployment
Business & Finance

New joint project aims to bring subsea chemical storage technology to deployment

Oilfield services company NOV has launched a joint industry project (JIP) with Norwegian state-owned energy firm Equinor and Brazil’s oil & gas company Petrobras to work together on qualifying subsea chemical storage technology toward field deployment. The JIP is progressing an up to 200m3 subsea st

about 4 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business & Finance

With well duo online, two more left to go into production mode in Brazil

Brazilian oil and gas company PRIO, formerly known as PetroRio, has started production from the second well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 4 months ago
Ichthys Explorer central processing facility (CPF); Source: Inpex Australia
Business & Finance

Third train on the cards for LNG project, unleashing more Australian gas

A new train is in the pipeline for a liquefied natural gas (LNG) project off the northwest coast of Western Australia (WA), following a recent strategic partnership between Japan’s Inpex and Texas-based Formentera to accelerate development of a project by leveraging U.S. shale technology and experti

about 4 months ago
WATCH: Rem Offshore’s methanol-ready energy subsea construction vessel in the water
Business & Finance

WATCH: Rem Offshore’s methanol-ready energy subsea construction vessel in the water

The second energy subsea construction vessel (ESCV) being built for Norwegian shipping company Rem Offshore at a shipyard in Vietnam has been launched into the water. REM Ocean, for which the steel-cutting ceremony was held in February 2025 and keel laid in July, will, once completed at Myklebust Sh

about 4 months ago
Illustration; Source: Azule Energy
Business & Finance

Azule Energy offloads stakes in two blocks offshore Angola

Azule Energy, a joint venture between two energy majors, Italy’s Eni and the UK’s BP, has sealed a deal to divest its interests in two blocks off the coast of Angola.

about 4 months ago
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