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Business & Finance

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Illustration; Source: Shell
Business & Finance

Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm

Shell has struck a deal to offload a minor interest in an oil and gas development off the coast of Brazil to Energy Development Corporation (EDC), an affiliate of Kuwait Foreign Petroleum Exploration Company (KUFPEC), which is a subsidiary of Kuwait Petroleum Corporation (KPC).

about 5 months ago
Floatel Victory
Business & Finance

Floatel puts the seal on 2013-built vessel’s job with Brazilian oil & gas player

Floatel International, an offshore accommodation provider, has hammered out an assignment for a 13-year-old semi-submersible accommodation and construction support unit with Brazil’s Brava Energia.

about 5 months ago
Recently converted seismic source vessel begins sea trials (Video)
Business & Finance

Recently converted seismic source vessel begins sea trials (Video)

A 2010-built seismic source vessel owned by Norway’s Sanco Shipping, recently converted from a seismic research vessel, is performing its sea trials ahead of delivery. Sanco Shipping purchased Sanco Sailor in July 2025, at the time named PGS Apollo, after which the 106.6-meter-long vessel set sail d

about 5 months ago
Illustration; Source: Baker Hughes
Business & Finance

Baker Hughes and Italian player team up to play ball on global LNG scene

Baker Hughes has banded together with Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, to explore prospective modularized, scalable liquefied natural gas (LNG) projects across the globe.

about 5 months ago
Germany acquiring stake in TenneT for €3.3 billion
Business & Finance

Germany acquiring stake in TenneT for €3.3 billion

TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW) on behalf of the German State to sell a 25.1% equity interest in TenneT Germany for approximately €3.3 billion. The agreement with the German State was reached some four months after three major institutional investors

about 5 months ago
Danish wave energy firm step closer to commercial pilot project in Barbados
Business & Finance

Danish wave energy firm step closer to commercial pilot project in Barbados

Danish wave energy firm Wavepiston has signed a memorandum of understanding (MoU) with Export Barbados (BIDC), an agency of the Barbados Government, as part of its journey towards commercial wave energy deployment in the Caribbean. Under the acronym WEB (Wave Energy in Barbados), Wavepiston and Expo

about 5 months ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business & Finance

Multi-year LNG pacts strengthen Qatar’s bilateral ties with Malaysia and Japan

Qatar’s state-owned oil and gas giant QatarEnergy has sealed long-term liquefied natural gas (LNG) deals with Malaysia’s Petronas, Japan’s Ministry of Economy, Trade and Industry (METI), and JERA, the country’s largest power generation company.

about 5 months ago
Commonwealth LNG design; Source: Commonwealth LNG
Business & Finance

$11 billion US Gulf Coast project brokers 20-year LNG and gas deals with Mercuria

Mercuria, an independent energy and commodity trader, has hammered out liquefied natural gas (LNG) sale and gas supply agreements with an LNG export project under development in Louisiana, which is being brought to life by America’s integrated gas and LNG company Caturus, controlled by the energy-fo

about 5 months ago
Pipe producer tightens its grip on giant Black Sea project with double contract win
Business & Finance

Pipe producer tightens its grip on giant Black Sea project with double contract win

Tenaris, a Luxembourg-headquartered manufacturer and supplier of steel pipe products and related services, has scored a double win for the third phase of Türkiye’s largest natural gas field development, building on its work on the earlier phases of the project. As part of two contracts secured with

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

TotalEnergies bolsters its oil & gas bond with Kuwait’s oil player

France’s energy giant TotalEnergies has joined forces with Kuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Corporation (KPC), to strengthen their cooperation, exchange expertise, and conduct technical studies.

about 5 months ago
Ramform Tethys
Business & Finance

Two more gigs for TGS in Europe

Norwegian energy data and intelligence company TGS has secured two new contracts in the North Sea, following the announcement of its second ocean bottom node (OBN) contract in Europe for the 2026 season. TGS has won a 4D streamer acquisition contract offshore Norway, with a Ramform vessel scheduled

about 5 months ago
Johan Sverdrup field; Credit: Lizette Bertelsen/Jonny Engelsvoll/Equinor
Business & Finance

Worley confirms deals with Venture Global in US and Equinor in Norway

Worley has corroborated the award of two assignments with Norway’s state-owned energy giant Equinor for oil and gas assets on the Norwegian Continental Shelf (NCS) and Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, for a second phase of an LNG

about 5 months ago
FLNG Nguya; Source: Eni
Business & Finance

Exclusive interview with Eni: Gas and LNG at crux of multiple FIDs as ‘game-changing phase’ edges closer

With a diversified pipeline of projects spanning Africa, Asia-Pacific, the Americas, and the East Mediterranean, Italy’s energy giant Eni is set on pursuing a disciplined exploration strategy focused on rapid monetization and a pragmatic, technology-driven approach to emission cuts by combining low-

about 5 months ago
Saudi ACWA Power seals 27 deals for green hydrogen and other technologies
Business & Finance

Saudi ACWA Power seals 27 deals for green hydrogen and other technologies

ACWA Power, a Saudi Arabian developer, investor and operator of power generation, water desalination, and green hydrogen plants, has signed 27 memorandums of understanding (MoUs) at a recent three-day event to advance green hydrogen, desalination technologies, energy storage systems, and industrial

about 5 months ago
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