10000 results found for 'progress'

10000 results found for 'progress'
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  • TotalEnergies augments its oil portfolio offshore Namibia through deal with Galp

    9 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    French energy giant TotalEnergies has shaken hands with Portuguese oil and gas company Galp on a deal that will enable it to enter the PEL 83 license, encompassing an oil discovery off the coast of Namibia, by taking over the operator baton. Galp is getting a minor stake in the French player’s giant black gold discovery as part of this deal.

  • North Sea oil & gas portfolio recalibration in progress with another asset swap deal

    18 November 2025
    Business & Finance, Business Developments & Projects

    Norwegian oil and gas player DNO has struck a new asset exchange deal to high-grade its North Sea portfolio. The latest move will enable it to swap assets with Orlen Upstream Norway, a subsidiary of Poland’s Orlen. The all-cash transactions are conditional on customary government approvals.

  • UK opens second carbon storage licensing round

    9 December 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Safety, Storage, Transition, Vision

    The North Sea Transition Authority (NSTA) has opened its second carbon storage licensing round, offering 14 locations offshore Scotland and England for exploration and appraisal, with the stores offering up to 2 gigatons of additional CO2 storage capacity. The round, opened today, December 9, offers areas that fall into two broad categories, including depleted hydrocarbon fields selected by the NSTA, […]

  • Borr Drilling’s CEO: Middle East conflict brings uncertainty but empowers long-term rig outlook

    21 May 2026
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has secured 13 contracts year-to-date, enhancing its backlog by adding 2,250 days and $274 million in jack-up rig deals.

  • SBM Offshore interview: Advancing future-ready FPSOs through standardization, robotics, AI and lower‑carbon solutions

    20 March 2026
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Transition

    While diving into the evolution journey of its offshore operations model and the implementation of its Fast4ward program, the Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has shed light on the key growth drivers it is employing to pave the way for its floating production, storage, and offloading (FPSO) units to be ready to operate in a rapidly evolving energy landscape.

  • OMV Petrom continues its multi-well drilling program with Transocean rig in Black Sea

    11 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    OMV Petrom, Romania-headquartered affiliate of Austria’s OMV, has provided insight into its drilling plans in the Romanian sector of the Black Sea, where several wells remain on the list to be drilled using a semi-submersible rig owned by Transocean.

  • Fast-tracking approvals process key to unlocking Australia’s new oil & gas projects

    4 May 2026
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has applauded a commitment to stable policy settings for the energy future, as encouraging investment in early-stage exploration helps bolster efforts to unlock the next generation of supply.

  • TGS, BGP, Staatsolie embark on seismic survey to map oil & gas deposits in shallow waters

    8 December 2025
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Research & Development

    Norwegian/American energy data and intelligence player, Tomlinson Geophysical Services (TGS), has kicked off a seismic survey in the shallow offshore area off the coast of Saramacca and Coronie to find oil and gas reserves as part of a joint project with Suriname’s national oil company (NOC) Staatsolie Maatschappij Suriname (Staatsolie), the Chinese Bureau of Geophysical Prospecting (BGP Offshore). 

  • $1.98 billion chapter to ‘world-class’ gas story coming up next off Australia

    8 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Chevron Australia, a subsidiary of the U.S. oil and gas giant Chevron, has decided to move forward with the third stage of development for its giant gas project off the northwest coast of Western Australia (WA) to support long-term local and regional energy security.

  • Harbour Energy offloads offshore gas assets in Southeast Asia

    8 December 2025
    Business & Finance, Business Developments & Projects

    London-listed oil and gas company Harbour Energy has set the wheels in motion to divest natural gas assets off the coast of Indonesia for a cash consideration of $215 million.

  • Exclusive interview with Noble: Tight rig demand on 2026 horizon – Golden Triangle and US Gulf as core growth regions

    2 February 2026
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    With contracting opportunities still on the uptick in spite of potential softer energy prices, Noble Corporation, a U.S.-headquartered offshore drilling giant, has pinpointed the Golden Triangle, the U.S. Gulf, South America, and West Africa as the key regions that will drive its floater demand growth. As Suriname and Colombia remain in the lead for frontier activity areas, the Asia Pacific opportunities in Brunei and Australia are anticipated to add diversification.

  • $44 billion LNG project in Alaska pulls off hat trick deal as new partner enters the scene

    8 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has taken new steps to bring to life its liquefied natural gas (LNG) export development in Alaska by ironing out a strategic partnership with Korea’s POSCO International Corporation, a core member of the POSCO Group.

  • North Sea license extension enables more time to revamp field development plan

    24 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy

    Ping Petroleum, an independent upstream oil and gas company incorporated in Bermuda, has secured a multi-year license extension for a giant undeveloped North Sea field on the UK Continental Shelf (UKCS).

  • Ireland handpicks spot for FSRU gas reserve to stave off supply shortfalls

    28 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    Emerald Isle has unveiled the location where its new strategic gas reserve (SGER) will be situated as a floating storage and regasification unit (FSRU). This FSRU will be owned and operated on behalf of the Irish state by Gas Networks Ireland, which operates and maintains Ireland’s €3 billion, 14,758 kilometers national gas network, said to be one of the safest and most modern renewables-ready gas networks in the world.

  • 15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil

    10 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    A final investment decision (FID) has been taken for a giant oil project in the North Falkland Basin (NFB), where $1.8 billion will be needed to foot the bill to first oil and $2.1 billion to project completion. This FID comes 15 years after the original oil discovery was made.

  • Double win for Equinor in North Sea as two gas and condensate discoveries spring up

    5 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Norway’s state-owned oil and gas giant Equinor has made two new discoveries of gas and condensate in the Sleipner area of the Norwegian sector of the North Sea, which it describes as its largest finds so far this year. The company claims that these discoveries can be developed for the European market through existing infrastructure.

  • Energy outlook: 12 trends set to shape 2026 power spectrum

    2 January 2026
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    With market volatility, geopolitics, and policy repercussions expected to be among the key drivers affecting the global energy landscape, Rystad Energy, an energy market intelligence group, has outlined 12 predictions for the year ahead, noting opportunities and challenges that will unfold alongside increasing complexity, including the role of fossil fuels and new energies in meeting growing power demand from data centers.

  • Greater Sunrise on Southeast Asia’s gas horizon: Woodside strikes deal for LNG concept

    26 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    Woodside has signed on the dotted line with the Ministry of Petroleum and Mineral Resources (MPRM) of Timor-Leste to carry out studies and activities to mature a Timor-based LNG concept (TLNG) for gas fields in Southeast Asia.

  • 1986-built FPSO lands redeployment gig at Southeast Asia’s oil project

    3 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Finder Energy, a Perth-based oil and gas exploration player, has struck a deal with Aberdeen-based Amplus Energy, which will enable a 39-year-old floating production, storage, and offloading (FPSO) vessel to work at two oilfields off the coast of Timor-Leste, Southeast Asia.

  • Europe urged to step-up its renewable hydrogen game

    8 December 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Regulation & Policy, Rules & Regulation, Technology, Transition

    The Renewable Hydrogen Coalition (RHC), as the voice of the value chain, encompassing renewable energy suppliers, start-ups, investors, and industrial offtakers dedicated to making Europe the global leader in renewable hydrogen solutions, has called on the European decision-making realms and leaders to scale up incentives, funding opportunities, and market fundamentals for clean technology, especially the landscape surrounding hydrogen made from renewable sources.  

  • 28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back

    4 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of Norway.

  • France’s gas ‘safety net’ no longer needed: TotalEnergies dismantling LNG terminal

    26 November 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    TotalEnergies has decided to demobilize its floating storage and regasification unit (FSRU) in Le Havre, as this liquefied natural gas (LNG) terminal is no longer required to strengthen energy security in the country and Europe.

  • UK-Slovenian partnership targets seabed data

    26 December 2025
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders

    UK-headquartered Ocean Geophysics and Slovenia-based HighTide have entered into a joint venture (JV) agreement to combine their seabed and data solutions for offshore wind, cable and pipeline installation, and oil & gas. As part of the partnership, the renewable energy industry suppliers will combine Ocean Geophysics’ large-scale geophysical processing and interpretation with HighTide’s specialist expertise […]

  • TEAMER adds commercialization support for marine energy developers

    20 November 2025
    Business Developments & Projects, Outlook & Strategy, Project & Tenders, Research & Development, Technology, Vision

    U.S. Testing Expertise and Access for Marine Energy Research (TEAMER) has introduced a new support category focused on commercialization, marking an expansion of its long-running program that has so far centered on testing services for marine energy technologies. The initiative provides business-focused assistance to the existing network of U.S. research facilities, which offer numerical modeling, […]

  • Shell buys offshore wind power for new electrolyzer plant in Germany

    19 November 2025
    Business & Finance

    Shell has signed a five-year power purchase agreement (PPA) with Nordsee One GmbH, a joint venture between Northland Power (85%) and RWE (15%), for the Nordsee One offshore wind farm in Germany. Under the PPA, which will take effect from June 2027, Shell will offtake approximately one-third of the annual output of the 332 MW […]