Business & Finance

Petrobras and ENH forge oil & gas partnership
Brazil’s state-owned energy giant Petrobras has shaken hands with Mozambique’s National Hydrocarbons Company (ENH) on a framework for bilateral cooperation across the oil and gas sector.

Australian interconnector granted final approval before construction
The Marinus Link electricity and telecommunications interconnector to be built in Australia has secured the country’s first offshore transmission license, representing the final Commonwealth approval leading into construction. Marinus Link, which will connect North West Tasmania and Victoria’s Latro

Ventura Offshore rig staying longer with Eni and Petronas’ Searah in Southeast Asia
Brazilian deepwater offshore drilling contractor Ventura Offshore has secured more action time for its semi-submersible rig off the coast of Indonesia with subsidiaries of Searah, a joint venture between Italy’s Eni and Malaysia’s Petronas.

Last FSRU in seven-vessel conversion program boosts Karpowership’s LNG-to-power value chain
Karpowership, Türkiye’s floating power solutions provider and owner and operator of powerships, has finished its multi-vessel liquefied natural gas (LNG) carrier-to-floating storage and regasification unit (FSRU) conversion program with the completion of the seventh FSRU at a yard belonging to Singa

SLB’s grand slam with Aramco puts over 450 oil & gas wells on its plate
U.S.-headquartered technology player SLB has added more than 450 wells to its job list in one fell swoop by locking down a four-contract quadfecta with Saudi Arabia’s energy giant Aramco.

Chevron and Egypt discuss next steps to speed up Mediterranean gas project
Egypt is putting its foot on the gas pedal in a bid to fast-track its Mediterranean energy hub ambitions by holding high-level talks with the U.S.-headquartered energy giant Chevron to secure an accelerated timeline to link its infrastructure to a gas field off the coast of Cyprus.

Van Oord names its subsea rock installation duo being built in China
Van Oord has named its two new subsea rock installation vessels (SRIVs) Vindnes and Vestnes, in line with the names of other vessels in the company’s SRIV fleet. The SRIV duo, being constructed in China at the Yantai CIMC Raffles Offshore shipyard, was designed by Norway’s Ulstein, will be equipped

Go-ahead for DNO’s North Sea drilling ops with Odfjell Drilling-managed rig
Norway’s oil and gas player DNO has secured the thumbs-up from the country’s authorities for drilling activities in the North Sea with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

WATCH: Construction starts on ‘world’s most powerful’ trenching support vessel
China Merchants Heavy Industry (CMHI) has started the construction of the first of two Asso.subsea’s trenching support vessels (TSV), described as the most powerful TSV ever built. Asso.subsea reported on September 23 that the steel-cutting ceremony was held for the TSV Avra at the CMHI Shenzhen shi

Petronas expands fleet with delivery of newbuilt LNG carrier
Petronas LNG Ltd. (PLL), a subsidiary of Malaysia’s energy giant Petronas, has added a new vessel to its liquefied natural gas (LNG) fleet with the delivery of the newly built LNG carrier (LNGC), which was built at Hudong-Zhonghua Shipbuilding and is designed to bolster reliable global LNG deliverie

Fugro secures more work in Timor-Leste alongside new contract in Australia
Dutch Fugro has secured additional survey contracts offshore Timor-Leste that will support the planning and development of critical offshore energy infrastructure associated with two gas developments. In addition to the geophysical contract announced in July, Fugro has secured two further awards fro

Bahamas studying ocean thermal energy conversion potential
A consortium of Global OTEC, a UK-based pioneer in ocean thermal energy conversion (OTEC) development, and the Oceanic Platform of the Canary Islands (PLOCAN) has been selected to study a site in the Bahamas for OTEC. This has been requested by the Government of the Bahamas to provide an evidence ba

Expro lines up 14-well Canadian offshore life-extension campaign
U.S.-headquartered energy services provider Expro has won a multimillion-dollar deal to provide integrated well services for a major life-extension campaign off the coast of Newfoundland, Canada.

TotalEnergies greenlights gas project to feed one-third of Nigeria LNG train expansion
France’s energy giant TotalEnergies and its Nigerian local partner AMNI have decided to move forward with the development of a gas field off the African country’s coast, as a low-emission project set to supply roughly one-third of the feedstock required for the nation’s next liquefied natural gas (L