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Business & Finance

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Fossil EnergyOil & GasProduction & ProcessingSubseaBusiness Developments & ProjectsOutlook & StrategyProject & TendersVisionFPSO & VesselsRigsExploration & ProductionAlternative FuelsClean FuelGreen MarineLiquefied Natural GasLNGOther FuelsMarine EnergyOTECInnovationTechnologyTransitionVesselsLow-Carbon TransitionAuthorities & GovernmentInfrastructureRegulation & Policy
Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway
Business & Finance

Baker Hughes opens renewable energy-powered subsea manufacturing hub in Norway

Energy technology company Baker Hughes has opened a new subsea services center and manufacturing plant in Norway as part of its ambition to strengthen its North Sea capabilities. Located in Dusavik near Stavanger, the 49,000-square-meter facility features a 12,000-square-meter workshop, multiple tes

about 4 months ago
FPSO for Bay du Nord oil project; Source: BW Offshore
Business & Finance

FPSO FEED award to BW Offshore turning the key on Canada’s $12-billion oil project

With a front-end engineering and design (FEED) deal to Oslo-headquartered BW Offshore for a floating production, storage, and offloading (FPSO) unit, Norway’s state-owned energy giant Equinor is continuing to lay the groundwork for the development of its oil project off the coast of Newfoundland and

about 4 months ago
Noble Courage; Source: Noble
Business & Finance

Noble scores over half a billion dollars in drilling gigs for rig sextet

U.S.-headquartered offshore drilling contractor Noble Corporation has obtained new drilling assignments and extensions across multiple geographies for six floaters in its rig fleet, including jobs in Brazil, Australia, Guyana, the U.S. Gulf, Ghana, and Malaysia.

about 4 months ago
Courtesy of Polar LNG
Business & Finance

Up to $9B nearshore project on Arctic’s horizon with Polar LNG unleashing Alaska’s gas

Against the backdrop of the Middle East crisis, which led to regional energy infrastructure attacks and global supply shocks, Polar LNG (Polar Train LNG), a U.S. Arctic energy infrastructure company, has set its cap on advancing a nearshore liquefied natural gas (LNG) development project on Alaska’s

about 4 months ago
Subsea7, OneSubsea chosen for FEED at Canadian $12 billion oil project
Business & Finance

Subsea7, OneSubsea chosen for FEED at Canadian $12 billion oil project

Subsea Integration Alliance (SIA), a strategic alliance between SLB OneSubsea and Subsea7, has won a front-end engineering design (FEED) contract with Norwegian state-owned energy firm Equinor for a deepwater oil project offshore Canada. The FEED contract for the Bay du Nord project builds on the lo

about 4 months ago
Platform that turns ocean temperature differences into electricity installed in Spain
Business & Finance

Platform that turns ocean temperature differences into electricity installed in Spain

UK-based pioneer in ocean thermal energy conversion (OTEC) development, Global OTEC, has installed a floating prototype offshore Spain designed to produce electricity by using the temperature difference between warm surface water and cold deep ocean water. It is said to be the first purpose-built of

about 4 months ago
Port
Business & Finance

Another LNG gig in Lone Star State lands on Honeywell’s plate

Honeywell, a U.S.-based technology firm, has secured an assignment at a liquefied natural gas (LNG) development in Texas with Lantern LNG Holding Company, a Houston-based LNG development player focused on building innovative nearshore LNG liquefaction facilities on fixed platforms.

about 4 months ago
Van Oord’s first sea-going USV makes multi-day offshore debut
Business & Finance

Van Oord’s first sea-going USV makes multi-day offshore debut

Van Oord’s first uncrewed survey vessel (USV) specialized for operations at sea has completed its first multi-day offshore operation. VO:X Barentsz was deployed at Ecowende’s Hollandse Kust West offshore wind farm where it supported the monopile and cable installation works carried out by installati

about 4 months ago
Scarborough FPU; Source: Woodside
Business & Finance

Woodside firing on all cylinders to advance Australian gas project, Mexican oil development, and US LNG terminal

Australia’s energy giant Woodside is pulling out all the stops to keep the energy development wheels turning at its projects located across multiple regions. As a result, the firm has been moving the needle to progress the construction of its energy infrastructure, which enabled it to reach 96% comp

about 4 months ago
CTCI Thailand team gathered to celebrate the groundbreaking ceremony of the Olefins 3 Cold Energy Utilization Project (OCP); Source: CTCI
Business & Finance

EPC contractor hand-picked for Southeast Asian LNG cold energy utilization project

CTCI Thailand, a CTCI Group company with a track record in petrochemical and liquefied natural gas (LNG) terminal projects, has been hired to handle the engineering, procurement, and construction (EPC) scope of work at an LNG cold energy utilization project, a joint development between PTT Global Ch

about 4 months ago
Illustration; Credit: Lone Stormoen/Equinor
Business & Finance

Equinor prolongs Norwegian firm’s offshore assignment

Norway-based cleantech service provider Soiltech has secured a contract extension with the compatriot state-owned energy giant Equinor for offshore waste management services.

about 4 months ago
EIB continues its support for Malta-Italy interconnector with €100 million
Business & Finance

EIB continues its support for Malta-Italy interconnector with €100 million

The European Investment Bank (EIB) is supporting the development of the second electrical interconnector between Malta and Italy with €100 million. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna substation at Ragusa, Si

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

Eni signs on dotted line to relaunch hydrocarbon ops in Venezuela

Italian energy giant Eni has sealed a deal with Venezuela’s Ministry of Hydrocarbons and Petroleos de Venezuela S.A. (PDVSA) to resume hydrocarbon activities in the South American country.

about 4 months ago
Naming ceremony held for Nexans Electra with three godmothers
Business & Finance

Naming ceremony held for Nexans Electra with three godmothers

Norwegian shipbuilder Ulstein has held the naming ceremony for Nexans’ new 155-meter-long cable-laying vessel (CLV) Nexans Electra. Based on the ST-297 CLV design by Skipsteknisk, Nexans Electra, ordered as the second vessel by Nexans at Norway’s Ulstein Verft, is an updated version of the sister ve

about 4 months ago
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