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Business & Finance

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Anemoi and COSCO Shipping Heavy Industry renew wind propulsion collaboration
Business & Finance

Anemoi and COSCO Shipping Heavy Industry renew wind propulsion collaboration

UK-based wind-assisted propulsion provider Anemoi Marine Technologies has renewed its framework agreement with Chinese COSCO Shipping Heavy Industry (CHI) for the provision of comprehensive wind propulsion installation services across CHI subsidiary shipyards. The partners have completed the install

about 7 months ago
Ndungu full field start-up has been achieved in Angola; Source: Azule Energy
Business & Finance
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First oil gushes out from Azule Energy’s project in Angolan waters

Azule Energy, a joint venture between two energy majors, Italy’s Eni and the UK’s BP, has reached full field start-up off the coast of Angola by bringing online three oil production wells.

about 7 months ago
NKT secures copper supply for next ten years
Business & Finance

NKT secures copper supply for next ten years

As its copper demand continues to grow in line with the expansion of production facilities, Denmark-headquartered NKT has renewed its long-term copper supply agreement with European mining and smelting company KGHM, ensuring availability for the next decade. The current contract was signed in 2023 a

about 7 months ago
FPSO Prof. John Evans Atta Mills operating on TEN fields - Tullow
Business & Finance

Tullow dishes millions to buy FPSO deployed in West Africa

Tullow Ghana Limited (TGL), a subsidiary of the UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, has set the wheels in motion to acquire a floating production, storage, and offloading (FPSO) vessel, which is working off the coast of Ghana, West Africa.

about 7 months ago
€17.5M investment to expand EMEC’s tidal energy test facilities
Business & Finance

€17.5M investment to expand EMEC’s tidal energy test facilities

The European Marine Energy Centre (EMEC) has secured a £15 million (around €17.5 million) investment to expand its tidal energy research and development (R&D) infrastructure in Orkney, Scotland. The Blue Horizon project will expand EMEC’s tidal test facilities to enable the demonstration of tidal en

about 7 months ago
Illustration; Source: Uniper
Business & Finance

Uniper signs off on 10-year LNG supplies to India

German energy player Uniper has inked a long-term liquefied natural gas (LNG) deal with India’s Gujarat State Petroleum Corporation (GSPC), which provides LNG supplies for the Asian country.

about 7 months ago
Illustration; Source: Santos
Business & Finance

Santos lines up decade-long gas deal

Australia’s energy player Santos has landed a multi-year gas supply agreement with the South Australian government.

about 7 months ago
Consortium selected to lead Vietnam’s largest LNG power project
Business & Finance

Consortium selected to lead Vietnam’s largest LNG power project

A consortium of South Korea’s SK Innovation, PetroVietnam Power Corporation (PV Power), a subsidiary of Vietnam’s state-run PetroVietnam group, and Vietnamese company NASU has been selected as the project developer for Vietnam’s largest LNG power project. Valued at approximately $2.3 billion, the Qu

about 7 months ago
Illustration; Source: BOEM
Business & Finance

US sets the date for third Gulf of America oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) has proposed the date for the third offshore lease sale out of thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales under the One Big Beautiful Bill Act.

about 7 months ago
Stena IceMax; Source: Stena Drilling
Business & Finance

Shell spins the drill bit with Stena drillship in Egyptian waters

UK-headquartered energy giant Shell has embarked on multi-well drilling activities off the coast of Egypt with a drillship owned by Scotland-headquartered offshore drilling contractor Stena Drilling.

about 7 months ago
Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link
Business & Finance

Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link

Norway’s Reach Subsea is anticipated to commence an offshore survey campaign next week for the second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland HVDC Link 2. Shetland 2 will connect 330 kilometers between Shetland and the mainland to bring 2 GW of renewa

about 7 months ago
PSV model; Source: Golden Energy Offshore
Business & Finance

2016-built vessel goes to its new owner

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has parted ways with one of its platform supply vessels (PSVs), optimizing its fleet.

about 7 months ago
LNG vessel; Source: GTT
Business & Finance

Six LNG vessels to sport GTT’s tank design

France’s technological containment specialist Gaztransport & Technigaz (GTT) has been hired to provide the tank design for multiple new liquefied natural gas (LNG) carriers (LNGCs).

about 7 months ago
COSL Innovator rig; Source: COSL
Business & Finance

North Sea oil & gas drilling ops with COSL rig good to go

Norwegian state-owned energy giant Equinor has secured the go-ahead from the country’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations in the North Sea off the coast of Norway.

about 7 months ago