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The North Field off Qatar; Source: Qatargas
Business & Finance

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago
Hitachi Energy gets preferred supplier status for UK's longest HVDC link
Business & Finance

Hitachi Energy gets preferred supplier status for UK’s longest HVDC link

SSEN Transmission and the UK National Grid have selected Hitachi Energy as the preferred technology provider for two HVDC converter stations to interconnect the Scottish and English power grids. The news comes a few days after the Switzerland-based company was selected to deliver the HVDC converter

about 3 years ago
Valaris (former Ensco) 107 jack-up rig; Source: Carnarvon
Business & Finance

Beach Energy awaits Valaris rig to spud well off New Zealand

Beach Energy is now targeting the start of drilling operations at its development well off Taranaki towards the end of the first quarter of 2024.

about 3 years ago
Illustration (Courtesy of NOAA)
Business & Finance

United States invests $60M in accelerator program for blue economy startups and concepts

The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.

about 3 years ago
Saipem
Business & Finance

Large-scale CO2 capture project added to Saipem’s workload in Europe

Saipem has inked a letter of intent for work on a large-scale CO2 capture project with Stockholm Exergi

about 3 years ago
Nexans new third-generation cable layer will be able to lay four cables at once
Business & Finance

Nexans’ new third-generation cable layer will be able to lay four cables at once

Nexans is investing in a new third-generation cable-laying vessel in order to, as the company says, support a record project backlog and meet future needs of offshore wind and interconnector projects. According to Nexans, building upon the cutting-edge technology featured on the flagship vessel Nexa

about 3 years ago
Peregrino field off Brazil; Credit: Einar Aslaksen/Equinor
Business & Finance

Lower oil & gas prices take a bite out of Norwegian energy giant’s profit

Equinor’s profit was cut in more than half from record-high figures seen last year due to significantly lower energy prices.

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Court fight on UK govt’s hands over oil & gas licensing round

Greenpeace has decided to take the UK government to court over – what it deems to be – an “unlawful” oil and gas decision.

about 3 years ago
Newcleo
Business & Finance

Fincantieri, RINA team up with newcleo to test feasibility of nuclear naval propulsion

newcleo, a London-based nuclear technology company developing Generation IV reactors using nuclear waste as fuel, has signed a cooperation agreement with Italian shipbuilding major Fincantieri and RINA classification society. The trio has agreed to carry out a feasibility study for nuclear applicati

about 3 years ago
IDD project's FPU off Kalimantan, Indonesia; Source: Chevron
Business & Finance

By taking over Chevron’s assets off Indonesia, Eni enriches its gas and LNG portfolio

Italian oil major Eni has decided to enhance its oil and gas portfolio further by acquiring Chevron’s Indonesian assets.

about 3 years ago
Siem Aquamarine; Source: Siem Offshore
Business & Finance

Two Siem vessels booked for work in Australia

Siem Offshore has secured a new deal for two of its anchor handling tug supply (AHTS) vessels with an undisclosed operator in Australia.

about 3 years ago
300 jobs on offer as Irish company opens USV hub
Business & Finance

300 jobs to be created as Irish company opens new USV facility

Ireland-based XOCEAN has opened a new technical center that will serve as a hub for the company’s fleet of uncrewed surface vessels (USVs). XOCEAN announced on 20 July the opening of the new facility near Carlingford, Co. Louth, as well as the creation of 300 new jobs as part of its strategic growth

about 3 years ago
Steven Guilbeault, Canada’s Minister of Environment and Climate Change; Source: Canadian government
Business & Finance

Canada puts a lid on fossil fuel subsidies but exceptions throw a lifeline to oil & gas industry

The Canadian government has now set its cap on making good on its climate commitment to phase out inefficient fossil fuel subsidies.

about 3 years ago
French firm expands its work scope for one of the world’s largest deepwater fields
Business & Finance

French firm expands its work scope for one of the world’s largest deepwater fields

French provider of tubular solutions Vallourec has secured two new orders to deliver line pipes for an oil field development operated by Petrobras offshore Brazil. As part of the orders defined as “major”, Vallourec will supply line pipes for phases 6 and 8 of the Búzios oil field development. The o

about 3 years ago
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