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Business & Finance

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Business Developments & ProjectsExploration & ProductionProject & TendersGreen MarineOutlook & StrategyTechnologyTransitionVesselsCarbon Capture Usage & StorageCollaborationEquipmentInnovationAuthorities & GovernmentRegulation & PolicyVisionInfrastructureEnvironmentStorage
Rendering of Argentina LNG project; Source: YPF
Business & Finance

ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has taken steps to expand its footprint by firming up agreements to come aboard a proposed liquefied natural gas (LNG) project in Sierra Grande

about 5 months ago
Illustration; Source: SLB
Business & Finance

SLB lines up offshore drilling work on Asian deepwater gas project

U.S.-headquartered technology player SLB has landed multiple deals for offshore drilling services at a gas development off the coast of Indonesia with the UAE-based Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi.

about 5 months ago
Alfa Laval-Wallenius Lines JV bags its first order for wind propulsion
Business & Finance

Alfa Laval-Wallenius Lines JV bags its first order for wind propulsion

Oceanbird, a joint venture (JV) between Swedish marine technology company Alfa Laval and shipping company Wallenius Lines, has received its first order for wind propulsion from an undisclosed shipowner. The shipowner placed an order for two Oceanbird Wing 560 wing sails that are contracted for a ret

about 5 months ago
Ammonia FPSO concept; Source: BW Offshore
Business & Finance

WATCH: McDermott and BW Offshore lift the curtain on floating blue ammonia FPSO model

McDermott and BW Offshore have unveiled a concept for a blue ammonia floating production, storage, and offloading (FPSO) unit that blends offshore production, carbon capture, and direct export, spotlighting the way in which surplus natural gas could be converted into a lower-carbon fuel and brought

about 5 months ago
New UK tidal energy capacity – What we know so far
Business & Finance

New UK tidal energy capacity – What we know so far

Inyanga Marine Energy Group’s HydroWing Tidal Energy Projects has secured a contract for an additional 10 MW of capacity in the UK government’s Contracts for Difference (CfD) Allocation Round 7 (AR7) for what will, once fully developed, become the world’s largest tidal energy project. Of note, the U

about 5 months ago
FSO PTSC LDV; Source: OceanSTAR Elite Group
Business & Finance

New construction milestone for Yinson Production’s Southeast Asia-bound FSO

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has celebrated the launch of a floating storage and offloading (FSO) unit destined for an oil field off the coast of Vietnam, Southeast Asia.

about 5 months ago
Subsea interconnector between two Canary Islands crosses finish line (Video)
Business & Finance

Subsea interconnector between two Canary Islands crosses finish line (Video)

Spanish transmission system operator (TSO) Red Eléctrica has completed the interconnection between the islands of Tenerife and La Gomera in Spain, reinforcing the security of supply in the Canary Islands. The interconnection consists of a 66 kV double-circuit line, with a 36-kilometer underwater sec

about 5 months ago
Courtesy of Kito Crosby
Business & Finance

Texas-based player scores FPU gig in US Gulf

Texas-headquartered lifting and securement industry player Kito Crosby has won an offshore contract for a new floating production unit (FPU) in the Gulf of America (U.S. Gulf of Mexico).

about 5 months ago
Survey underway at Italy’s first CCS project
Business & Finance

Survey underway at Italy’s first CCS project

An offshore geophysical monitoring survey has commenced at the first carbon capture and storage (CCS) project in Italy, which will use depleted natural gas fields in the Adriatic Sea for the storage of CO2 from industrial districts. Bologna-based offshore survey and geoscience company Lighthouse Geo

about 5 months ago
Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation
Business & Finance

Noble’s backlog climbs to $7.5 billion

Noble Corporation, a U.S.-headquartered offshore drilling giant, has landed a batch of new contracts and extensions off the coasts of Guyana, Norway, Nigeria, Trinidad, South America, and the U.S. Gulf, which have enabled the firm to augment its backlog.

about 5 months ago
Illustration; Source: IPTO
Business & Finance

EIB and Greek TSO agree on €1.9B financing for Dodecanese interconnection

The European Investment Bank (EIB) and Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO) have signed a deal for €1.9 billion financing for the development of an interconnector that will eliminate the electrical isolation of the islands of Kos, Rhodes and Karp

about 5 months ago
Exploration license offshore Libya; Source: QatarEnergy
Business & Finance

Eni and QatarEnergy pick up exploration license in North Africa

Italy’s energy giant Eni and Qatar’s state-owned oil and gas giant QatarEnergy have won an offshore exploration license off the coast of Libya, North Africa.

about 5 months ago
Ringhorne; Credit: Øyvind Sætre/Vår Energi
Business & Finance

North Sea hydrocarbon drilling ops hit a dead end

Norway’s oil and gas player Vår Energi and its partner, Kistos Energy, have drilled an exploration well in the Norwegian sector of the North Sea, which yielded no commercial hydrocarbons.

about 5 months ago
FPSO P-79 is the eight of the 12 units planned for installation in the Búzios field and joins the seven others already in operation; Source: Petrobras
Business & Finance

Petrobras’ largest-producing oil & gas field richer for another FPSO

Brazilian state-owned energy heavyweight Petrobras has welcomed the arrival of the eight floating production storage and offloading (FPSO) vessel, which will work at a field in the Santos Basin off the coast of Brazil.

about 5 months ago
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