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Business & Finance

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Fossil EnergyFPSO & VesselsOil & GasBusiness Developments & ProjectsExploration & ProductionProject & TendersOutlook & StrategyRegulation & PolicyAuthorities & GovernmentEquipmentEnvironmentRules & RegulationRigsLiquefied Natural GasClean FuelDredgingGreen MarineHydrogenMarine EnergyOffshore WindSubseaEventsVessels & Vehicles
FPSOs P-84 (Atapu) and P-85 (Sépia) will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day; Source: Petrobras
Business & Finance

Seatrium entrusts another Swiss firm with work on Brazil-bound FPSO duo

Seatrium has hired Sulzer, a Switzerland-headquartered sustainable flow control innovation player, to provide pump packages for two next-generation floating production storage and offloading (FPSO) vessels, destined to be deployed at assets operated by Brazil’s state-owned energy giant Petrobras.

about 10 months ago
Courtesy of EnerMech/Woodside
Business & Finance

‘Major’ oil & gas player prolongs EnerMech’s Australian gig

Aberdeen-headquartered integrated solutions specialist EnerMech has secured 12 more months of work off the coast of Australia with Woodside, an Australian oil and gas operator.

about 10 months ago
GCMD: Vessel retrofit fund using pay-as-you-save repayment mechanism closes at $35M
Business & Finance

GCMD: Vessel retrofit fund using pay-as-you-save repayment mechanism closes at $35M

The Global Centre for Maritime Decarbonisation (GCMD) and partners have closed the world’s first fund for vessel retrofits with a pay-as-you-save repayment mechanism, securing total commitments of up to $35 million and exceeding its initial target.

about 10 months ago
Askeladden rig; Source: Equinor
Business & Finance

Two North Sea wildcats on 2017-built rig’s drilling list next month

Norwegian state-owned energy giant Equinor has secured a drilling permit for two exploration wells in the North Sea off the coast of Norway, which will be drilled using a rig managed by KCA Deutag, operating under the umbrella of Helmerich & Payne (H&P).

about 10 months ago
Submerged swivel and yoke render; Source: NOV
Business & Finance

Another deal for Argentina’s LNG export mission ends up in NOV’s order book

U.S.-headquartered oilfield services player NOV has secured its second assignment on an offshore floating liquefied natural gas (FLNG) project in the Gulf of San Matías, off the coast of Argentina.

about 10 months ago
Illustration; Source: BOEM
Business & Finance

Second of 30 US offshore oil & gas lease sales on the agenda for March

The U.S. Bureau of Ocean Energy Management (BOEM) has revealed a proposed notice of sale for the next offshore oil and gas lease sale under the One Big Beautiful Bill Act, which is the second of thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales required by this legislation.

about 10 months ago
DeepOcean
Business & Finance

DeepOcean answers subsea oil & gas tie-back call in UK waters

Norwegian ocean services provider DeepOcean has been hired for a subsea tie-back assignment related to a hydrocarbon field development on the UK Continental Shelf (UKCS).

about 10 months ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

One-year encore for Odfjell Drilling’s rig with Norwegian oil & gas operator

Odfjell Drilling, a 52-year-old offshore drilling player, has secured a contract extension with Norway’s oil and gas player Aker BP for a 2019-built semi-submersible rig, which is on a drilling assignment on the Norwegian Continental Shelf (NCS).

about 10 months ago
Illustration; Source: ADES
Business & Finance

ADES-Shelf Drilling merger wrap-up coming before November ends

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is days away from crossing the finish line for its merger with the UAE-based Shelf Drilling, expanding its offshore drilling fleet with the addition of 33 jack-up rigs.

about 10 months ago
Golden Pass LNG (GPX) export terminal; Source: Golden Pass LNG
Business & Finance

Chiyoda and McDermott take revised final EPC step forward for giant US LNG project

The main engineering, procurement, and construction (EPC) contractors for a liquefied natural gas (LNG) project in the United States, U.S.-headquartered McDermott (MDR) and Chiyoda International Corporation (CIC), have struck a revised EPC deal for two trains at an export terminal under construction

about 10 months ago
The final countdown: Preparing for OEEC 2025
Business & Finance

The final countdown: Preparing for OEEC 2025

[PRESS RELEASE BY NAVINGO BV] The energy is rising as we enter the final countdown to the 18th edition of the Offshore Energy Exhibition & Conference (OEEC), taking place on 25–26 November at RAI Amsterdam. In less than one week, thousands of professionals from across the offshore energy sector will

about 10 months ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

More appraisal ops in the works with spotlight on liquid hydrocarbons’ presence off Namibia

BW Energy has provided further insight into the preliminary results of its appraisal well in the Orange Basin off the coast of Namibia, which was drilled with a rig owned by Northern Ocean and managed by Odfjell Drilling.

about 10 months ago
Seapiper vessel; Courtesy of Boskalis
Business & Finance

Boskalis’ subsea rock installation vessel kicks off its first European gig with Equinor

Dutch offshore services provider Boskalis has embarked on a mission to slide into place many tens of thousands of tons of rock for Norway’s state-owned energy giant Equinor in the North Sea, using a subsea rock installation vessel, which previously worked mostly in Taiwan and Australia.

about 10 months ago
Illustration; Source Shell
Business & Finance

Shell halves its stake in UK gas discovery as Ithaca comes aboard

Ithaca Energy, a North Sea oil and gas operator and producer, has put the wheels in motion to acquire a non-operated stake from Shell UK, a subsidiary of the UK-headquartered energy giant Shell, in a gas discovery located West of Shetland, about 175 kilometers northwest of the Shetland Isles.

about 10 months ago
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