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Business & Finance

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Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig winds down drilling gig with ConocoPhillips and goes to its next job

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has completed its drilling program in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling player. As a result, the rig has moved on to an

about 6 months ago
South Koreans join in Canadian LNG project
Business & Finance

South Koreans join in Canadian LNG project

South Korea’s Hanwha Group has entered into a strategic memorandum of understanding (MoU) with Canadian firm Fermeuse Energy to jointly advance the Newfoundland and Labrador liquefied natural gas (LNG) development project in Canada. As part of the partnership, Hanwha will be a long-term strategic pa

about 6 months ago
Deutsche Ostsee; Source: Deutsche Regas
Business & Finance

Private LNG operator takes EU to court over €4.96 billion state funding

Deutsche ReGas, Germany’s private operator of liquefied natural gas (LNG) terminals, has embarked on a legal battle to challenge the European Commission’s approval of the €4.96 billion subsidy scheme, claiming that state aid for LNG terminals harms competition and weakens gas security.

about 6 months ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business & Finance

ADNOC rakes in $3 billion for LNG offtake deal with Indian player

ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has signed off on a multi-year liquefied natural gas (LNG) agreement with India’s Hindustan Petroleum Corporation Limited (HPCL).

about 6 months ago
FPSO Okha; Source: Woodside
Business & Finance

Wood clinches multimillion-dollar extension for mega gas project in Australia

Scotland-headquartered engineering and consulting company Wood has obtained a long-term contract extension for a giant gas project situated on Australia’s northwest coast with the country’s energy giant, Woodside Energy.

about 6 months ago
Great British consumers see $2.2B benefit from interconnectors since 2023, analysis says
Business & Finance

Great British consumers see $2.2B benefit from interconnectors since 2023, analysis says

Consumers in Great Britain have benefited more than £1.65 billion (around $2.211 billion) from subsea electricity interconnectors since 2023, the UK National Grid reported. The analysis of the benefit of National Grid’s subsea electricity interconnector portfolio, said to be the largest in the world

about 6 months ago
Stena Evolution drillship; Source: Stena Drilling
Business & Finance

Stena Drilling and Keystone set their cap on upping the digital drilling ante

Scotland-headquartered offshore drilling contractor Stena Drilling has joined forces with Keystone, Norway’s supplier of planning and execution software for well operations, to advance a next-generation, automation-enabled well delivery model.

about 6 months ago
James Fisher invests in firm behind ‘world’s only autonomous underwater and surface vehicle’
Business & Finance

James Fisher invests in firm behind ‘world’s only autonomous underwater and surface vehicle’

James Fisher and Sons is investing in a U.S.-based autonomous marine technology company to support the development and deployment of what is said to be the world’s first and only wind and solar-powered autonomous underwater and surface vehicle (AUSV). James Fisher announced it was investing a strate

about 6 months ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Scotland backs North Sea oil & gas development and extraction, poll shows

In the wake of rising job losses across the oil and gas sector, nearly six in ten voters across Scotland have thrown their support behind the full development and extraction of North Sea oil and gas, according to new Scotland-wide polling.

about 6 months ago
FPSO; Source: MODEC
Business & Finance

MODEC places FPSO gig in DOF’s hands for ExxonMobil’s oil project offshore Guyana

DOF has secured a new assignment with Japan’s MODEC for a floating production, storage, and offloading (FPSO) vessel, which will work at an oil project operated by ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, off the coast of Guyana.

about 6 months ago
After Beam, Swiss technology group buys German subsea firm
Business & Finance

After Beam, Swiss technology group buys German subsea firm

Swiss technology group Rosenxt Group is looking to strengthen its subsea capabilities with the acquisition of a Germany-headquartered provider of ocean bottom seismometers (OBS) and subsea monitoring technology. The combination of Rosenxt’s experience in asset integrity with K.U.M. Umwelt- und Meere

about 6 months ago
FPSO Cidade de Campos dos Goytacazes; Source: MODEC
Business & Finance

Brava Energia snaps up Petronas’ stakes in two Brazilian fields for $450 million

Brava Energia has set the wheels in motion to expand its footprint in the Campos Basin by acquiring interests Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of Malaysia’s energy giant Petronas, holds in two fields off the coast of Brazil.

about 6 months ago
Rendering of Texas LNG project; Source: Texas LNG, a subsidiary of Glenfarne Energy Transition
Business & Finance

20-year offtake deal with RWE in Texas LNG project’s bag

Texas LNG Brownsville, part of Glenfarne Group, has landed a new multi-year deal with RWE Supply & Trading, one of Europe’s energy companies, for liquefied natural gas (LNG) to be supplied from its export facility planned to be constructed in the Port of Brownsville, Texas.

about 6 months ago
Eco Wave Power’s pilot in Israel delivers strong performance in December
Business & Finance

Eco Wave Power’s pilot in Israel delivers strong performance in December

Eco Wave Power’s wave energy project at Jaffa Port in Israel has shown strong wave energy production performance during December, which the company says further demonstrates the system’s ability to generate energy reliably under real-world sea conditions and provide valuable operational data support

about 6 months ago
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