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Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals

Business & Finance

French tubular solutions provider expands work in Algeria with job for national oil & gas company

French provider of tubular solutions Vallourec has received a notice of award to supply oil country tubular goods (OCTG) to Algeria’s national oil & gas company Sonatrach. Vallourec will deliver carbon steel OCTG threaded with its VAM connections, set to be manufactured across several of the company

about 1 year ago

Business & Finance

SBM Offshore’s financial might spikes with $1.1 billion loan

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SBM Offshore has boosted its financial potency with a new revolving credit facility (RCF), which it secured with a group of 13 international banks.

about 1 year ago

Business & Finance

TPAO signs up for global oil & gas decarbonization initiative

Türkiye Petrolleri A.O. (TPAO) has become the 56th player to come on board the Oil and Gas Decarbonization Charter (OGDC), which is set on stepping up the worldwide decarbonization game in the oil and gas industry at speed and scale.

about 1 year ago

Business & Finance

Subsea7 extends contract for 106-meter subsea vessel until 2027, potentially 2028

A joint venture company of Subsea7 and Eidesvik Offshore has secured a contract extension with Subsea7 that could keep a 2013-built subsea vessel busy until 2028. As part of the agreement with the joint venture company Eidesvik Seven Chartering, Subsea7 has extended the firm option for the 106.5-met

about 1 year ago

Noble Resolve jack-up rig as it set off from the Esbjerg shipyard, Denmark; Source: Zenith Energy

Business & Finance

Scottish firm wraps up ‘challenging’ job for Canadian oil & gas player’s Baltic Sea drilling ops

Zenith Energy, an Aberdeen-headquartered well engineering consultancy and project management company, has finished its scope of work for a well drilled at a concession in the Baltic Sea off the coast of Poland.

about 1 year ago

Business & Finance

TotalEnergies’ North Sea gas hub going full steam ahead

TotalEnergies has sorted out an operational hitch that prevented it from achieving full production capacity at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago

Business & Finance

Supply chain constraints push back UK’s $3B subsea electricity superhighway by 16 months

UK energy market regulator Ofgem is considering whether to grant a penalty exemption for the joint venture (JV) developing the Eastern Green Link 1 (EGL1) subsea electricity superhighway due to a 16-month delay said to be caused by supply chain constraints. The 2 GW EGL1 HVDC multi-directional cable

about 1 year ago

Business & Finance

Luxcara taps TKF for Waterkant inter-array cables

Luxcara has signed an inter-array cable contract with Twentsche Kabelfabriek BV (TKF) for the Waterkant offshore wind farm in the German North Sea. Under this contract, TKF will be responsible for the 66 kV inter-array aluminum core cables and accessories, totaling 130 kilometers. The supply scope i

about 1 year ago

N05-A platform of ONE-Dyas; one of the few new gas projects in the Netherlands; Source: Element NL

Business & Finance

North Sea gas key to stave off energy crisis as shortfalls loom, Element NL says

Element NL, an association of 12 oil and gas companies with a permit to explore or extract natural gas, is rolling up its sleeves, together with the Dutch Ministry of Climate and Green Growth and EBN, to enhance the permitting process to boost gas production in the North Sea against the backdrop of

about 1 year ago

Business & Finance

Subsea mooring installation call keeps DOF vessel offshore Australia

Norwegian vessel owner DOF Group is staying with its multi-purpose vessel Skandi Hercules in the Asia-Pacific (APAC) region to perform subsea mooring installation services. The new substantial contract, worth between $25 million and $50 million, will see Skandi Hercules provide related moorings and

about 1 year ago

Business & Finance

WATCH: Valaris rig goes to play its role in North Sea gas asset’s rebirth as EU’s CCS playground

Valaris’ rig has come to the North Sea to help a gas field and its infrastructure to get a new lease on life off the coast of the Netherlands as the first CO2 transport and storage project in the European Union (EU).

about 1 year ago

UK's first CO2 injection test 'meets expectations' as it crosses finish line

Business & Finance

Flying colors as UK’s first CO2 injection test crosses finish line

A joint venture of Perenco UK, Carbon Catalyst and Harbour Energy has concluded the UK’s first-ever CO2 injection test, carried out at a carbon capture and storage (CCS) license in the North Sea that encompasses what is deemed the UK’s largest depleted gas field. The test started in February and inc

about 1 year ago

Business & Finance

CF Industries, JERA and Mitsui partner on $4 billion ammonia project in US

U.S. ammonia producer CF Industries has joined forces with Japanese giants JERA and Mitsui & Co. on a $4 billion low-carbon ammonia project in Louisiana, U.S.

about 1 year ago

Business & Finance

Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons

Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays.

about 1 year ago