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Business Developments & Projects

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FPSO Intrepid - Tamarind Resources
Business Developments & Projects

Tamarind buys Galoc FPSO from Rubicon

Tamarind Resources has bought the FPSO Rubicon Intrepid, which is operating on the Tamarind-operated Galoc field located offshore Philippines, from Rubicon.

about 6 years ago
Drilling rig at the Leningradskoye field; Source: Gazprom
Business Developments & Projects

Gazprom boasts ‘record-high’ gas inflow on Kara Sea shelf

Russian oil major Gazprom has reported ‘record high’ results following a test of the upper levels of an exploration well at the Leningradskoye field.

about 6 years ago
A photo of GEPS Techno's Wavegem platform (Courtesy of Jacques Vapillon/GEPS Techno)
Business Developments & Projects

Ocean DEMO picks 12 offshore renewable energy champions

The EU-funded Ocean DEMO project has awarded recommendations for support to 12 offshore renewable energy developers under its third call.

about 6 years ago
Searcher Seismic South Africa seismic map
Business Developments & Projects

Searcher in 2D and 3D seismic project off South Africa

Australia-based Searcher Seismic has announced a new multi-client 2D and 3D seismic rectification project offshore South Africa. The project is in collaboration with the Petroleum Agency of South Africa. The South Africa seismic data covers the Outeniqua Basin and its sub-Basins; the Bredasdorp, Inf

about 6 years ago
From left to right: Dr. Martin Brölsch, Max Feustel, Dr. David Baureis and Mirco Relling, at the signing of the debt refinancing
Business Developments & Projects

Global Tech I offshore wind farm refinances non-recourse debt

Global Tech I has refinanced its non-recourse debt, according to Green Giraffe, which acted as a financial advisor to Global Tech I and its sponsors. The refinancing, for which the transaction closed on 2 November, gathered a large sponsor group, led by SWM Stadtwerke München, Axpo Group and ENTEGA

about 6 years ago
Donald Trump (L) and Joe Biden (R) at the Presidential debate; Source: Biden's campaign website
Business Developments & Projects

Rystad: Biden win could benefit short-term oil demand, but Trump win could be the most bullish outcome

Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.

about 6 years ago
Core Project Phase 1; Source: IOG
Business Developments & Projects

IOG still on schedule for Core Project first gas in 3Q 2021

UK-based Independent Oil and Gas (IOG) is still on target to achieve first gas from Phase 1 of its Core Project in the UK Southern North Sea (SNS) in the third quarter of 2021.

about 6 years ago
MOL inks Arctic LNG 2 carriers charters
Business Developments & Projects

MOL inks Arctic LNG 2 carriers charters

Japanese shipping major Mitsui O.S.K. Lines (MOL), signed charter agreements for three icebreaking LNG carriers.

about 6 years ago
Pacific Khamsin drillship - Pacific Drilling
Business Developments & Projects

Pacific Drilling to delist from NYSE following Chapter 11 filing

Trading of Pacific Drilling’s shares on the NYSE has been suspended and the contractor is facing delisting following its Chapter 11 filing last week.

about 6 years ago
Australian LNG player Santos has signed a new deal for the supply of natural gas to the domestic market.
Business Developments & Projects

Santos inks new domestic gas deal

Australian LNG player Santos has signed a new deal for the supply of natural gas to the domestic market.

about 6 years ago
Friday 5th February 2019, Aberdeen, Scotland. Attracting over 5,000 delegates and around 150 exhibitors, Subsea Expo is the world’s largest subsea exhibition and conference held in Aberdeen
Business Developments & Projects

Subsea Expo rescheduled due to Covid-19 restrictions

Subsea UK has decided to postpone its underwater engineering event Subsea Expo due to the current coronavirus-imposed restrictions. The industry body announced today that the three-day conference and exhibition, along with the annual Subsea Awards dinner, will now take place on 25-27 May 2021. Neil

about 6 years ago
Abigail-Joseph FPSO - First E&P
Business Developments & Projects

Nigerian operator produces first oil from shallow-water project

Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO.

about 6 years ago
FSRU Exemplar; Source: Excelerate
Business Developments & Projects

Excelerate completes fleet transfer to technical management unit

Provider of floating storage and regasification units (FSRUs) Excelerate Energy has transitioned its entire fleet of FSRUs to one of its subsidiaries.

about 6 years ago
Atlantis platform in the Gulf of Mexico - BP
Business Developments & Projects

Oil & gas production in Gulf of Mexico coming back online after hurricane

Oil and gas operators in the U.S. Gulf of Mexico are returning to their offshore facilities following Hurricane Zeta, which at its highest point closed up to 85 per cent of oil and 58 per cent of gas production from the Gulf.

about 6 years ago
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