Business & Finance

Golar secures 2013-built LNG carrier for conversion into fourth FLNG

Golar LNG has acquired a 13-year-old vessel from NYK Line to transform it into a floating liquefaction facility by 2029.

Lamprell tasks IMI with offshore platform and jacket fabrication scope

Lamprell has partnered with International Maritime Industries (IMI) to execute a major offshore fabrication scope.

Excelerate entrusts FSRU conversion to Seatrium with another on the cards

Seatrium has secured an FSRU conversion assignment with Excelerate Energy, with delivery set for 2028.

Fresh North Sea gas discovery yields up to 10 million barrels of oil equivalent

A routine sidetrack drilling operation in the North Sea has paid off for Equinor, yielding a fresh gas discovery.

Rockhopper pledges $44 million for oil project’s second Falklands-bound FPSO

Rockhopper has committed millions to secure a stake in a floating production, storage, and offloading (FPSO) destined for the Falkland Islands.

Valaris rigs find more work in North Sea, Australia, and Suriname

Valaris has revealed a total of $220 million secured in new offshore assignments and contract extensions.

$533 million lands on Arabian Drilling’s backlog for rig quartet deal

Arabian Drilling's backlog has surged to nearly $5 billion after a four-rig award from the Aramco-Kuwait Petroleum Corporation joint venture (JV).

Venture Global and ConocoPhillips play the long game with 20-year LNG pact

ConocoPhillips has penned a multi-year liquefied natural gas (LNG) deal with Venture Global, securing long-term U.S. energy supply starting in 2030.

Egypt and Chevron seal Mediterranean oil & gas exploration deal

Egypt secures new investment from Chevron to unlock Mediterranean gas reserves with 3D seismic data and two new wells.

Subsea battery system for offshore wind completes test before deployment

$125M purchase: New owner to take over 178-meter subsea vessel next October

Aramco hires KBR for work on oil & gas project in Arabian Gulf

This offshore engineering contract enables KBR to support Aramco’s field development program off the coast of Saudi Arabia.

RINA and Thailand's PTT sign two innovation and decarbonization-focused MoUs

MISC and QatarEnergy name first of three new LNG vessels for greener seas era

MISC has held a naming ceremony for its newest LNG carrier, kicking off a 15-year charter with QatarEnergy and advancing a low-carbon maritime epoch.