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Business & Finance

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Business Developments & ProjectsProject & TendersAuthorities & GovernmentInfrastructureOutlook & StrategyRegulation & PolicyTransitionVisionVesselsExploration & ProductionRules & RegulationCollaboration
FSO Suksan Salamander; Source: Samos Energy
Business & Finance

Altera Infrastructure parts ways with FSO deployed on Asian oil field

Altera Infrastructure has struck a deal with Samos Energy Group, an energy investor, to divest a floating storage and offloading (FSO) unit, which is working at an oil field off the coast of Thailand, Southeast Asia.

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

NKT and SSEN Transmission sign final contracts for Scottish HVDC transmission links

Danish power cable manufacturer and installation firm NKT has been awarded the final contracts for two Scottish HVDC transmission links that are part of a major upgrade to the electricity transmission network across the north of Scotland. NKT and SSEN Transmission confirmed their partnership to deve

about 6 months ago
BW Nivalis and BW Borealis LNG vessels; Source: BW LNG
Business & Finance

BW LNG names newbuild vessel pair at Hanwha Ocean’s shipyard

BW LNG, part of BW Group, has held a naming ceremony for two new liquefied natural gas (LNG) vessels at a shipyard in South Korea, Asia.

about 6 months ago
Ulstein building two 130-meter CLVs for OMS Group
Business & Finance

Ulstein building two 130-meter CLVs for OMS Group

Norway-headquartered subsea services provider OMS Group has signed contracts with Norwegian shipbuilder Ulstein for the design and construction of two cable-laying vessels (CLVs). Designed by Ulstein Design & Solutions, the ULSTEIN SX252 vessels will be 130 meters long and 22 meters wide and will ha

about 6 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business & Finance

Chevron signs off on Mediterranean field expansion for gas production uptick

Chevron Mediterranean Limited (CML), a subsidiary of the U.S.-headquartered Chevron, and its partners have given the green light for a planned expansion of gas export capacity from a giant natural gas field project off the coast of Israel.

about 6 months ago
OSCV Siem Day to be renamed NG Supporter; Source: DeepOcean
Business & Finance

Saipem hires Rana Subsea for job in Middle East as NextGeo enriches fleet with new vessel

Italy-headquartered engineering, drilling, and construction services giant Saipem has booked Rana Subsea, a subsidiary of Next Geosolutions (NextGeo), for an assignment in the Middle East. NextGeo has now strengthened its fleet with a new vessel specifically designed for the execution of complex sub

about 6 months ago
FPSO Goliat; Source: Vår Energi
Business & Finance

Barents Sea oil discovery’s potential strengthened by appraisal ops

Vår Energi, a Norwegian oil and gas operator, has finished drilling an appraisal well related to an oil discovery in the Barents Sea, confirming reservoir quality and adding recoverable volumes.

about 6 months ago
Sunfish 3D reprocessing in Harper Basin; Source: TGS
Business & Finance

TGS’ 3D reprocessing seismic survey setting the stage for oil & gas exploration offshore Liberia

Norwegian energy data and intelligence player TGS has dived into a 3D reprocessing seismic survey in the Harper Basin to enhance hydrocarbon exploration readiness off the coast of Liberia.

about 6 months ago
EU flag; Credit: Adrijana Buljan, Editor-in-Chief at offshoreWIND.biz, Offshore-Energy.biz's sibling site
Business & Finance

Brussels endorses €200 million German scheme for Canadian hydrogen imports to EU

The European Commission (EC) has cleared a €200 million German aid to boost Canadian-produced renewable hydrogen and its derivatives for the European market. This scheme will support the construction of up to 300 MW of electrolysis capacity.

about 6 months ago
Brouwersgracht; Courtesy of Spliethoff
Business & Finance

Spliethoff’s vessel pair coming to support Saipem’s ops at huge gas project in Brazil

Saipem is tasked with a job on a giant natural gas project off the coast of Brazil, where two vessels from the fleet of the Amsterdam-headquartered Spliethoff, a member of the Spliethoff Group, are expected to start their assignments soon.

about 6 months ago
Officials at the Coral Norte FLNG launching ceremony at Samsung Heavy Industries' Geoje Shipyard; Source: SHI
Business & Finance

Eni cheers launch of its Mozambique-bound FLNG at Samsung Heavy Industries’ shipyard

Italy’s energy giant Eni has attended the inauguration ceremony South Korea’s Samsung Heavy Industries (SHI) held for its second floating liquefied natural gas (FLNG) unit, which will be deployed in the supergiant Rovuma basin off the coast of Mozambique, Africa.

about 6 months ago
Eco Wave Power pushes ahead with 1 MW project in Portugal
Business & Finance

Eco Wave Power pushes ahead with 1 MW project in Portugal

Israel-headquartered developer Eco Wave Power is moving forward with the development of its 1 MW wave energy project in Portugal, after wrapping up a wave and loads assessment in cooperation with MetOcean Consult, a Netherlands-based consultancy specializing in independent metocean analysis, environ

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

TotalEnergies and BluEnergies join forces to unlock deepwater fan play offshore Liberia

A Liberian upstream subsidiary of France’s energy giant TotalEnergies (TTE) has struck an industry-standard joint study and application agreement (JSAA) with BluEnergies (BLU), a Canadian-based international oil and gas exploration and development company with a focus on operations in West Africa, t

about 6 months ago
Courtesy of MOL Global Ship Management
Business & Finance

Wärtsilä lines up decade-long deal for 12 LNG vessels with MOL

Wärtsilä has landed a multi-year lifecycle agreement for 12 liquefied natural gas (LNG) carriers (LNGC) with MOL Global Ship Management, a Singapore-based ship management company fully owned by Mitsui O.S.K. Lines (MOL).

about 6 months ago
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