Business & Finance

Baker Hughes helping chart a course for LNG and monetize Venezuela’s gas reserves

Baker Hughes, PDVSA, Lindsayca, and Fulcrum LNG are pooling resources to revitalize Venezuela's energy infrastructure.

Yinson Production and Eni amplifying African FPSO’s gas capacity

Yinson Production has locked in a $600 million backlog boost after signing a contract amendment with Eni to overhaul an FPSO offshore Ghana.

Sea Lion project on the hunt for new contractors amid Argentine sanction threats

Developers race to keep the Sea Lion oil project afloat after the contractor exits, pushing ahead despite mounting Argentine pressure.

Seatrium picks up 9th FSRU conversion job with Karpowership

Seatrium and Karpowership are pooling resources for another LNG-to-FSRU conversion project to strengthen the global floating energy infrastructure.

VARD opens new office in Vietnam, plans to grow to 40+ engineers

$860M play for offshore oil assets powers Ithaca’s entry into Canadian energy game

Ithaca Energy is breaking into the Canadian market by buying Suncor's oil assets in shallow waters off the East Coast of Newfoundland and Labrador.

$50 billion South Korean investment pushes stalled Alaska LNG project closer to construction

A massive $50 billion capital infusion is paving the way for the Alaska LNG export facility and pipeline to enter the construction phase.

TGS on 3D imaging mission to unlock new insights into Malaysia's offshore discovery

TGS is in charge of 3D seismic reprocessing for Petronas’ Malaysian hydrocarbon discovery offshore Sabah, targeting reduced subsurface risk.

Petrobras strikes another oil-bearing zone in Equatorial Margin frontier

This fresh oil discovery off Brazil’s northern coast encountered a new oil-bearing section at a well in ultra-deep waters of the Amapá state.

MidOcean gets hold of $4 billion in major capital raise to fuel global LNG push

Backed by global institutional and sovereign investors, MidOcean Energy has banked $4 billion to expand its international LNG portfolio.

BP taking the wheel of Namibian license trio as farm-in deal clear final regulatory gate

Namibia approves Eco Atlantic's farm-down to BP across three offshore licenses, bringing the partial divestment to the homestretch.

DOF gets ‘large’ booking for its vessel to undertake undisclosed subsea campaign

DOF bags a new letter of intent (LoI) for an undisclosed subsea campaign, locking in I-class vessel work for 2028.

BlueNewables and Naturgy testing Spanish waters as 1MW floating solar project kicks off in Valencia

BlueNewables and Naturgy have broken ground on Spain’s first major offshore test, deploying a 1MW floating solar project off the coast of Valencia.

Borr Drilling’s rig trio lines up jobs in Africa and Europe

Three rigs from Borr Drilling's fleet have picked up new awards off the coasts of West Africa, Nigeria, and the United Kingdom (UK).