Oil services company Archer has signed a long-term contract with Repsol Resources UK, a subsidiary of Spanish energy giant Repsol, related to late-life and plug and abandonment (P&A) services across the latter’s platform portfolio.
BP Exploration & Production, a subsidiary of the UK-based energy heavyweight BP, has signed a contract with the Netherlands-based SBM Offshore for the work related to a semi-submersible floating production unit (FPU) destined for the former’s deepwater project in the Gulf of America, formerly the Gu
Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a $3 billion bank loan facility with 19 banks to continue manufacturing, procurement, and engineering of a natural gas liquefaction and export facility for its proposed multibillion-do
The beginning of May has been busy for Norwegian shipping and logistics company Wallenius Wilhelmsen as it completed two major business transactions.
The Incat Hull 096, hailed as the “world’s largest” battery-electric ship, recently touched the water for the first time. As disclosed, the vessel—christened China Zorrilla—was launched on May 2 at Australia’s high-speed catamaran ferry manufacturer Incat Tasmania’s shipyard in Hobart. At 130 meters
French energy giant TotalEnergies and Oman’s OQ Exploration and Production (OQEP) have kicked off construction of the Marsa LNG plant in the port of Sohar, taking the next step toward establishing the Middle East’s first LNG bunkering hub.
Norwegian renewable energy supplier Statkraft has cancelled its 40 MW alkaline electrolyzer contract with compatriot hydrogen technology company Nel.
Oslo-listed oil and gas E&P player BW Energy has taken the final investment decision (FID) for a development in the Campos Basin field offshore Brazil. The project will encompass an integrated drilling and wellhead platform (WHP) and a refurbished floating production storage and offloading (FPSO) un
The offshore wind industry stands at a pivotal moment. With the growing global demand for renewable energy, the sector must evolve beyond traditional installation methods to improve efficiency, reduce costs, and enhance sustainability. While technological advancements have driven down costs through
PRIO is expanding its interest in a field off the coast of Brazil by buying the stake Norway’s Equinor holds in what is considered to be its largest operated field outside Norway.
Shell has acquired the interests ConocoPhillips, a U.S. oil major, held in its assets in the Gulf of America (GoA), formerly known as the Gulf of Mexico (GoM).
Subsea7 has secured a contract worth over $1.25 billion with Brazilian oil & gas giant Petrobras for a field located at 2,000 meters of water depth off the coast of Rio de Janeiro. Under the contract defined as “super-major”, Subsea7’s scope includes engineering, procurement, fabrication, installati
Golar LNG has gotten hold of two multibillion-dollar assignments related to a proposed liquefied natural gas (LNG) large-scale upstream and midstream integrated gas development project, estimated to be worth $50 billion, in the Sierra Grande Norte, on the South American country’s Atlantic coast.
Algoma Endeavour, a final Equinox class vessel built for Canadian shipping company Algoma Central Corporation, recently made a stopover at the Port of Montreal to complete its reflagging process.
