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Business & Finance

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Prysmian acquires Spanish firm for €169 million
Business & Finance

Prysmian acquires Spanish firm for €169 million

Italian cabling giant Prysmian Group has completed the acquisition of ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350

about 7 months ago
Canada
Business & Finance

Marine energy ‘key pillar’ in Canada’s clean energy transition, 2050 roadmap states

Marine Renewables Canada (MRC) has published a national roadmap that outlines how offshore wind, tidal, wave, and river current energy can help meet Canada’s surging electricity demand, projected to increase two to threefold by 2050, with marine renewable energy seen as a key pillar of the country’s

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about 7 months ago
A man looking at a large vessel at sea
Business & Finance

Malaysia ups its energy investment ante with new oil & gas bid round

Malaysia’s state-owned oil and gas heavyweight Petronas, through Malaysia Petroleum Management (MPM), has launched the Malaysia Bid Round 2026 (MBR 2026) to strengthen Malaysia’s position as an energy investment destination.

about 7 months ago
TGS at work offshore Africa and in US Gulf
Business & Finance

TGS at work offshore Africa and in US Gulf

Norwegian energy data and intelligence company TGS has commenced two new offshore acquisition campaigns, one in Angola and the other in the Gulf of America. In a strategic collaboration, TGS and SLB announced on February 10 the launch of Engagement 9, the latest phase of the companies’ ocean bottom

about 7 months ago
Platinum Explorer drillship; Source: Vantage Drilling
Business & Finance

Vantage Drilling’s 2010-built drillship lines up multi-year gig in India

Vantage Drilling International, a Bermuda-exempted offshore drilling contractor, has landed a long-term assignment for its 16-year-old drillship off the coast of India with the country’s state-owned energy giant ONGC.

about 7 months ago
Transocean Equinox rig; Source: Transocean
Business & Finance

‘Disappointing’ well results not halting gas search offshore Australia

Amplitude Energy, an Australian gas production company focused on supplying the Southeast domestic gas market, has shed light on the results of drilling operations at an exploration well in the Otway Basin offshore Victoria, Australia.

about 7 months ago
Seatrium’s affiliate pursuing arbitration against Petrobras over FPSO deal
Business & Finance

Seatrium’s affiliate pursuing arbitration against Petrobras over FPSO deal

Jurong Shipyard (JSPL), a wholly-owned subsidiary of Seatrium, a Singapore-headquartered provider of offshore, marine, and energy solutions, has initiated arbitration proceedings against Petrobras Netherlands (PNBV), a subsidiary of Brazil’s energy giant Petrobras.

about 7 months ago
Singapore-based project to tackle one of energy transition’s ‘hardest engineering challenges’
Business & Finance

Singapore-based project to tackle one of energy transition’s ‘hardest engineering challenges’

A new industry-academia research collaboration project, led by the National University of Singapore’s Centre for Hydrogen Innovations (CHI), has been launched with a focus on the development of next-generation ammonia-fuelled marine engines with near-zero emissions to help in speeding up the decarbo

about 7 months ago
AH Skandi Skansen; Source: DOF Group
Business & Finance

More work in North Sea and Australia for DOF vessel duo

Norwegian vessel owner DOF Group has secured a new deal in the North Sea for an anchor handling (AH) vessel and prolonged an existing assignment for a platform supply vessel (PSV) off the coast of Australia.

about 7 months ago
Worley
Business & Finance

Worley picks up job for CO2 LNG sequestration project in Middle East

Australia’s engineering company Worley has secured an assignment at a carbon dioxide (CO2) LNG sequestration project in Qatar, which is run by the Persian Gulf state’s oil and gas giant QatarEnergy.

about 7 months ago
Four tidal energy projects secure contracts in UK’s record CfD auction
Business & Finance

Four tidal energy projects secure contracts in UK’s record CfD auction

The UK government has awarded a record 14.7 GW of renewable energy capacity in the Contracts for Difference (CfD) Allocation Round 7 (AR7), its largest CfD round ever in capacity, with tidal stream securing 20.9 MW across four projects. On January 14, the UK government announced the award of 8.4 GW

about 7 months ago
An offshore rig
Business & Finance

Rig search ongoing to get Southeast Asian gas drilling project back on track

UK-based and AIM-listed Sunda Energy, formerly Baron Oil, is setting the stage to undertake its planned drilling campaign on a gas field off the coast of Timor-Leste, Southeast Asia.

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

New moves reinforce Sabah’s role as energy growth hub in Malaysian waters

Petronas Carigali, Malaysia’s state-owned oil and gas heavyweight Petronas, has taken steps to divest a partial stake to SMJ Energy (SMJE), a company wholly-owned by the Sabah state government, in a production sharing contract (PSC) for fields in shallow waters off the coast of Sabah, offshore of Ea

about 7 months ago
Chevron selects Subsea7 for Mediterranean offshore work planned in 2028
Business & Finance

Chevron selects Subsea7 for Mediterranean offshore work planned in 2028

U.S. oil & gas company Chevron has awarded Subsea7 with yet another contract, this time for subsea installation activities in the Mediterranean Sea. Subsea7 reported on February 9 that it had been tasked with the transport and installation of approximately 17 kilometers of subsea flowlines and umbil

about 7 months ago