Aberdeen-based offshore energy industry services firm Three60 Energy said Wednesday it had acquired Pryme Group and Flexlife 'to create a £200 million industrially diversified global business with huge growth potential.'Founded in 2014, Pryme…
Italy's Eni hopes to reach a final investment decision on its second floating liquefied natural gas (LNG) project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday.Its first LNG project…
SK E&S, one of the largest conglomerates in South Korea, and Copenhagen Infrastructure Partners have reached financial close on the Jeonnam 1 offshore wind project in South Korea.Jeonnam 1 will be a 99-MW offshore wind farm off the coast of Shinan County…
Italian energy group Eni will continue to gradually shift its activity from oil to gas in the coming years, the group's chief executive said on Tuesday, adding the move has been one of the pillars of Eni's transformation strategy.'An important…
Chevron and unions representing workers at its two Australian liquefied natural gas (LNG) facilities will meet for talks on Wednesday after the oil and gas major asked the industrial arbitrator to help close a deal as workers threaten to restart strikes…
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia have both sustained damage, and the location of the outage has been identified, the Finnish government said on Tuesday.'It is likely that damage to both the…
Turan Drilling & Engineering has secured a contract extension with a value of $300 million, for the provision of offshore drilling operations and maintenance services in Azerbaijan.The two-year extension, effective from April 2024, will see the company…
Gas production curtailment in Israel due to the ongoing conflict is likely to tighten global balances, but the impact on European gas prices is marginal for now, Goldman Sachs said.'Tightening of global LNG balances as marginal for TTF prices for now…
Offshore installation firm Jan De Nul said Tuesday that its latest jack-up installation vessel, Voltaire, had recently installed its first offshore wind turbine at the Dogger Bank offshore wind farm, the world's largest offshore wind project under construction…
Viking Supply Ships, a company that owns and operates a fleet of offshore supply and icebreaking vessels, has secured a contract for the Far Senator AHTS vessel for operations outside Australia.'With operations performed by Go Offshore, the…
Incat Crowther has been commissioned by Singaporean shipbuilder Lita Ocean to design three new ABS-Classed monohull fast support intervention vessels (FSIVs) for Zamil Offshore. The new 60-metre FSIVs will assist Zamil Offshore with the efficient and safe transport of cargo…
Jumbo Offshore was contracted by Van Oord for the transport and install of transition pieces for the Baltic Eagle offshore wind project in the German Baltic Sea. Operations on the project are to commence in October 2023.Under the contract, Jumbo…
OPEC raised its world oil demand forecasts for the medium and long term in an annual outlook, and said $14 trillion of investment is needed to meet this demand even as renewable fuel use grows and more electric cars take to the road.The view…
Shares in European-listed companies with major business exposure to Israel fell on Monday on concerns over the potential for their operations there to be affected by a possible escalation of the conflict in the Middle East.Energean fell as much as 16…
Dutch and British wholesale gas prices rose on Monday morning as workers at Chevron liquefied natural gas (LNG) facilities voted to restart strikes, expectations of colder weather, and amid fears of tension in the Middle East region.The Dutch November contract rose by 3…