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Business & Finance

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Troll A platform in North Sea; Credit: Jan Arne Wold and Elisabeth Sahl/Equinor
Business & Finance

More Norwegian gas fuelling Germany’s energy security with Equinor-Eneco deal

Norway’s state-owned energy giant Equinor has struck a multi-year agreement with the Netherlands-based energy company Eneco for the supply of Norwegian gas to the Dutch player’s wholly owned German subsidiary, LichtBlick.

about 4 months ago
Rendering of an LNG plant
Business & Finance

30-year gas pact puts $44 billion LNG project at go/no‑go crossroads

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has confirmed that the first segment of its liquefied natural gas (LNG) export development in Alaska is at a critical juncture, with sufficient North Slope natural gas volumes locked in for a final investment decision (FID), following its latest

about 4 months ago
Rendering of Commonwealth LNG plant
Business & Finance

$13 billion US LNG project moves into execution phase with FID in the bag

America’s integrated gas and liquefied natural gas (LNG) company Caturus, controlled by the energy-focused alternative investment manager Kimmeridge, has unveiled a final investment decision (FID) for its LNG export project under development in Louisiana, United States.

about 4 months ago
Rendering of a future LNG terminal
Business & Finance

Argent LNG and BOTAŞ shake on US LNG deal to enrich Türkiye’s energy arsenal

Argent LNG, a U.S.-based liquefied natural gas (LNG) export developer headquartered in Louisiana, has signed on the dotted line with Boru Hatları ile Petrol Taşıma A.Ş. (BOTAŞ), the state-owned natural gas company of the Republic of Türkiye, to supply LNG to Türkiye.

about 4 months ago
N05-A platform in the North Sea; Source: One-Dyas
Business & Finance

More North Sea drilling ops on Eni and ONE-Dyas’ Dutch agenda

The Netherlands-based exploration and production player ONE-Dyas and Italy’s energy giant Eni are expected to undertake more offshore drilling activities in the Dutch sector of the North Sea before the year ends.

about 4 months ago
Shelf Drilling Winner jack-up rig; Source: Shelf Drilling
Business & Finance

ADES’ 2014-built rig turns one-year North Sea gig into three-year drilling job

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured a long-term extension for a drilling assignment its 12-year-old jack-up rig is undertaking in the Dutch sector of the North Sea.

about 4 months ago
Boskalis orders new cable-laying vessel for offshore wind, interconnector markets
Business & Finance

Boskalis orders new cable-laying vessel for offshore wind, interconnector markets

Boskalis will invest in a new high-capacity cable-laying vessel (CLV) targeting the offshore wind and interconnector markets, the company said on May 18. According to the company, the vessel is designed to support growing demand for long-distance cable installation, particularly for high-voltage dir

about 4 months ago
Ulstein hands over 155-meter cable-laying vessel to Nexans
Business & Finance

Ulstein hands over 155-meter cable-laying vessel to Nexans

Norway’s Ulstein Verft has delivered the cable-laying vessel (CLV) Nexans Electra to French cable systems designer and manufacturer Nexans, purpose‑built for the transport, laying, protection, repair and jointing of subsea power cables. Nexans Electra was ordered as the second vessel by Nexans at No

about 4 months ago
Safe Caledonia; Credit: Prosafe
Business & Finance

Prosafe firms up North Sea vessel gig with UK oil & gas operator

Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has signed on the dotted line with North Sea-focused Ithaca Energy to deploy one of its flotels on an assignment on the UK Continental Shelf (UKCS).

about 4 months ago
Illustration; Source: Eco Atlantic
Business & Finance

Eco’s takeover of JHI close to crossing the finish line

Eco (Atlantic) Oil & Gas, an AIM-listed and Canada-headquartered oil and gas company focused on the Atlantic Margin, is closing in on the completion of its acquisition of the issued and to-be-issued shares it does not already hold in JHI Associates (JHI).

about 4 months ago
CETO technology
Business & Finance

Relevant Spanish authorities grant approval for CETO’s deployment at BiMEP

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received a EuropeWave payment of €63,688 that reflects the approval of two deliverables related to the deployment of the CETO wave energy converter (WEC) at the Biscay Marine Energy Platform (BiMEP) site. The payment, und

about 4 months ago
FSO will work on Block B offshore Vietnam; Source: Yinson Production
Business & Finance

Yinson Production and PTSC lock in financing for Southeast Asian gas project’s FSO

Singapore’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, and its joint venture (JV) partner, PTSC, have secured multimillion-dollar funding for the partial construction of a newbuild floating storage and offloading (FSO) unit, destined to

about 4 months ago
Industry players unite to form UAE’s first shipbuilding consortium
Business & Finance

Industry players unite to form UAE’s first shipbuilding consortium

A group of national industry players has come together to form the first shipbuilders consortium in the United Arab Emirates (UAE), which will work toward aligning national shipbuilding capabilities to drive maritime innovation and growth. According to AD Ports, the initiative is designed to strengt

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

Velesto lines up multi-well offshore rig job in Southeast Asia

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has been hired to supply a jack-up rig for a drilling campaign off the coast of Malaysia, Southeast Asia.

about 4 months ago
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