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Business & Finance

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

First oil flows from Brazilian subsea tie-back project

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

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

Development of Southeast Asian gas discoveries is a go

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has confirmed the go-ahead for a field development plan covering gas discoveries off the coast of Vietnam, Southeast Asia.

about 4 months ago
Aker Solutions bags FEED contract for Lithuanian CO2 terminal
Business & Finance

Aker Solutions bags FEED contract for Lithuanian CO2 terminal

Lithuanian liquefied natural gas (LNG) terminal operator KN Energies has awarded Aker Solutions with a front-end engineering and design (FEED) contract for its CO2 transshipment terminal infrastructure project in Klaipėda. The planned terminal is expected to have a capacity of approximately 2.8 mill

about 4 months ago
Norway-made adaptive mooring technology pilot installed at Portuguese testing site
Business & Finance

Norway-made adaptive mooring technology pilot installed at Portuguese testing site

Oslo-headquartered Fred. Olsen 1848 has completed the pilot installation of automatic Tension Buoys at Europe’s first open-access laboratory dedicated to testing technologies for floating and hydro solar power generation, an adaptive mooring technology designed to ensure stability and performance fo

about 4 months ago
Noble Discoverer semi-submersible rig; Source: Noble via LinkedIn
Business & Finance

South American waters yield more gas: Petrobras makes new find in Colombia

Brazil’s state-owned energy giant Petrobras has boosted South America’s energy arsenal with a new gas discovery off the coast of Colombia.

about 4 months ago
An offshore rig
Business & Finance

More oil unearthed in Norwegian waters as Equinor strikes black gold again

Norwegian state-owned energy giant Equinor has unveiled a new oil discovery in the Barents Sea off the coast of Norway, which was drilled with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 4 months ago
Illustration; Source: Woodside
Business & Finance

Woodside promotes from within to fill CEO role

Australia’s energy giant Woodside has finished its hunt for a new Chief Executive Officer (CEO) by assigning this position to its Acting CEO.

about 4 months ago
Illustration; Source: Petrobras
Business & Finance

Baker Hughes lands five-year job with Petrobras in Brazil

U.S.-headquartered energy technology giant Baker Hughes has won a multi-year deal with Brazil’s state-owned energy giant Petrobras to support critical turbomachinery equipment for the South American country’s offshore and refinery operations.

about 4 months ago
Training simulator in the making for Jan De Nul’s Fleeming Jenkin
Business & Finance

Training simulator in the making for Jan De Nul’s Fleeming Jenkin

Jan De Nul has appointed the Dutch company Tree C Technology to develop a training simulator for its XL cable-laying vessel (CLV) Fleeming Jenkin. Jan De Nul placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard in October 2023, followed by an order for another identical vessel, named

about 4 months ago
PEL 87 location map; Source: Pancontinental
Business & Finance

Pancontinental picks up 12-month extension for Namibia’s Orange Basin permit

Pancontinental Orange, a subsidiary of Australia-based petroleum exploration player Pancontinental Energy, has secured a one-year extension of its license off the coast of Namibia.

about 4 months ago
Morecombe; Source: Spirit Energy
Business & Finance

Spirit Energy books AG on multi-year North Sea gig

Spirit Energy, an energy company with two shareholders consisting of Centrica (69%) and Stadtwerke München GmbH SWM (31%), has hired AG Consultancy and Apps (AG), an independent SAP consultancy, on a long-term assignment to support its assets in the North Sea.

about 4 months ago
A large vessel at sea
Business & Finance

Two Flex LNG vessels on duty until 2032 and one ship up to 2041

Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has revealed a contract extension for two LNG carriers and the start of an assignment for another vessel.

about 4 months ago
Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands
Business & Finance

Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands

Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid. This is said to be a preparatory first step of the microgrid project, partly funded by the Swedish Energy Agency and in close collaboration with project partners, incl

about 4 months ago
S‑92 helicopter; Source: Bristow
Business & Finance

Bristow’s helicopter pair tasked with flights across Norwegian oil & gas fields

Bristow Norway, a subsidiary of the offshore aviation services provider Bristow Group, has secured a multimillion-dollar assignment on the Norwegian Continental Shelf (NCS) for two helicopters with Norway’s state-owned energy giant Equinor.

about 4 months ago
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