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Business & Finance

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Illustration; Courtesy of MidOcean Energy
Business & Finance

Another Japanese firm invests millions into EIG’s LNG business

Tokyo Stock Exchange-listed Shizuoka Gas has decided to widen its liquefied natural gas (LNG) footprint with an investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 6 months ago
Serica Energy
Business & Finance

New oil & gas UK offshore hub for Serica with TotalEnergies’ assets in the bag

UK-based upstream oil and gas player Serica Energy has wrapped up the acquisition of an interest in West of Shetland gas fields and assets from France’s energy giant TotalEnergies. The move expands the British player’s footprint on the UK Continental Shelf (UKCS).

about 6 months ago
Woodside delays lower-carbon ammonia production from recently taken-over facility
Business & Finance

Woodside delays lower-carbon ammonia production from recently taken-over facility

Following the completion of performance testing and handover from OCI Global, Australia’s energy giant Woodside Energy has assumed operational control of the Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S. Woodside completed the acquisition of 100% of OCI Clean Ammonia Holding

about 6 months ago
Sakaide LNG; Source: Kawasaki
Business & Finance

Kawasaki and JFE Engineering pick up work on Japanese LNG project

A joint venture, formed by Tokyo-headquartered Kawasaki Heavy Industries and JFE Engineering, has landed a new job at a liquefied natural gas (LNG) terminal in Sakaide, Kagawa Prefecture, Japan.

about 6 months ago
Fresh gas discovery off Malaysia
Business & Finance

New Asian block expands UAE oil & gas player’s Andaman Sea footprint

UAE-headquartered Mubadala Energy, a wholly-owned subsidiary of Mubadala Investment Company owned by the government of Abu Dhabi, has enlarged its presence in the Andaman Sea with a new exploration block off the coast of Indonesia, Southeast Asia.

about 6 months ago
DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines
Business & Finance

DNV’s new recommended practice focuses on hydrogen-specific risks in offshore pipelines

Accredited registrar and classification society DNV has issued a recommended practice for offshore hydrogen pipelines, supporting safe design, operation and requalification of pipeline infrastructure in hydrogen service. The DNV-RP-F123 Hydrogen pipeline systems recommended practice addresses hydrog

about 6 months ago
LNG carrier Kool Kelvin (for illustration purposes); Source: CoolCo
Business & Finance

CoolCo’s nine LNG vessels sport revamped propulsion drives

Switzerland-based electrification and automation technology provider ABB has upgraded propulsion systems across a fleet of liquefied natural gas (LNG) carriers (LNGCs) owned and operated by Cool Company (CoolCo).

about 6 months ago
Dutch firm takes over management of 40-meter catamaran research vessel
Business & Finance

Dutch firm takes over management of 40-meter catamaran research vessel

Dutch offshore services company Mark Offshore is set to manage and operate a catamaran research vessel for offshore renewables, marine survey and nearshore energy projects under an agreement with Lithuania’s Klaipėda University. Built in 2014, the 40-meter DP1 subsea support vessel Mintis has suppor

about 6 months ago
UK union urges talks before offshore drillers and contractors down tools
Business & Finance

UK spotlights British steel, AI, shipbuilding, and energy infrastructure as priority for govt deals

The United Kingdom (UK) has made a move to designate British shipbuilding, steel, artificial intelligence (AI), and energy infrastructure as priority sectors for government contracts, as these are perceived to be key industries required to ensure national security.

about 6 months ago
NOV to double its subsea flexible pipe manufacturing capacity in Brazil
Business & Finance

NOV to double its subsea flexible pipe manufacturing capacity in Brazil

Oilfield services company NOV is making a $200 million investment to roughly double capacity at its subsea flexible pipe manufacturing facility in Brazil, a move said to be due to expected growing demand. The investment in the manufacturing facility in Açu will be made over the next three years, and

about 6 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business & Finance

$25 billion price tag looms over Gulf energy infrastructure repairs, Rystad says

Given the reported damage and shutdowns impacting liquefied natural gas (LNG) assets, refineries, fuel terminals, and gas-to-liquids facilities across the Middle East region amid the military conflict between the U.S.-Israel alliance and Iran, Rystad Energy, an energy market intelligence group, esti

about 6 months ago
Illustration; Source: ADES
Business & Finance

Middle East crisis brings ‘temporary suspensions’ to some ADES rigs

ADES International, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has confirmed suspensions of operations for multiple rigs in its fleet as a result of the ongoing conflict between the U.S.-Israel alliance and Iran in the Middle East.

about 6 months ago
Halliburton
Business & Finance

New ‘industry’s first’ for Halliburton, ExxonMobil, Noble, Sekal, and Wells Alliance offshore Guyana

As the industry’s shift from automation-assisted drilling to repeatable, scalable well construction automation continues, the U.S.-headquartered oilfield services player Halliburton has tucked a new milestone under its belt by pooling resources with ExxonMobil, Sekal, Noble, and the Wells Alliance G

about 6 months ago
New IMCA president comes from DEME
Business & Finance

New IMCA president comes from DEME

The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME Offshore Energy, as its new president, succeeding Luca Gentili, Head of Asset, Fabrication, and Project Services at Saipem. According to IMCA, Bouvy has served as the Managing Director of the

about 6 months ago
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