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Business & Finance

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Valaris Renaissance, known as DS-15 drillship; Source: BP
Business & Finance

BP cheers ‘extremely encouraging’ results at Brazilian oil & gas discovery, appraisal on the cards in 2027

UK-headquartered energy giant BP is moving forward with the evaluation of its hydrocarbon discovery off the coast of Brazil, with appraisal plans anticipated to be put in motion in 2027.

about 11 months ago
OneSubsea equipment to prolong life of two deepwater projects off Malaysia
Business & Finance

OneSubsea equipment to prolong life of two deepwater projects off Malaysia

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured two engineering, procurement, and construction (EPC) contracts by PTT Exploration and Production Public Company Limited (PTTEP), Thailand’s national oil & gas player, for the expansion of two fields offshore Malaysia.

about 11 months ago
Illustration; Source: QatarEnergy
Business & Finance

17-year LNG deal lands on QatarEnergy’s offtake menu

Qatar’s state-owned oil & gas giant QatarEnergy has signed off on a multi-year liquefied natural gas (LNG) supply agreement with India’s Gujarat State Petroleum Corporation (GSPC).

about 11 months ago
DFO, GO seal MoU for offshore wind and oil & gas vessel collaboration
Business & Finance

DFO, GO seal MoU for offshore wind and oil & gas vessel collaboration

Dong Fang Offshore (DFO) has signed a memorandum of understanding (MoU) with GO Offshore (GO), establishing a framework for future cooperation in the offshore wind farm supporting vessel business, as well as offshore oil and gas vessel operations.

about 11 months ago
DeepOcean to be on decommissioning duty offshore Australia in 2026
Business & Finance

DeepOcean to be on decommissioning duty offshore Australia in 2026

Ocean services provider DeepOcean is set to support subsea infrastructure decommissioning at oil & gas fields off the coast of Australia, with the work to be carried out next year. The scope of work includes suspension of subsea trees, removal of flowlines, riser and dynamic umbilical, and removal o

about 11 months ago
Atlantic LNG
Business & Finance

McDermott handpicks EnerMech for work on Shell’s giant gas project off Trinidad & Tobago

McDermott has tasked EnerMech, an Aberdeen-headquartered integrated solutions specialist, with an assignment for the development of a gas project off the coast of Trinidad and Tobago, operated by Shell Trinidad and Tobago Limited, a subsidiary of the UK-headquartered energy giant Shell.

about 11 months ago
Italy’s Fincantieri and NextGeo seal the deal for autonomous vehicle development
Business & Finance

Italy’s Fincantieri and NextGeo seal the deal for autonomous vehicle development

Italian shipbuilding group Fincantieri, through its subsidiary Ingegneria dei Sistemi (IDS), and compatriot Next Geosolutions (NextGeo), have signed a memorandum of understanding (MoU) to establish a strategic collaboration for the development of unmanned surface vehicles (USVs) and related technolo

about 11 months ago
Acteon Wynnergy
Business & Finance

Acteon, Wynnergy team up to deliver offshore wind solutions across Asia

UK-headquartered Acteon and Taiwan-based marine solutions provider Wynnergy Marine have signed a strategic Memorandum of Understanding (MoU) to jointly deliver renewable energy projects across the region. The partnership supports offshore wind growth in Taiwan by providing integrated solutions that

about 11 months ago
Artistic rendering of the proposed Tilbury Phase 2 LNG expansion project; Source: FortisBC
Business & Finance

British Columbia says yes to $1.14 billion LNG storage expansion

FortisBC has secured the endorsement from the British Columbia Utilities Commission (BCUC), an independent regulatory body regulating BC’s energy utilities, basic automobile insurance rates, and intra-provincial pipeline rates, for the proposed storage expansion of its existing liquefied natural gas

about 11 months ago
Solstad and Ocean Installer agree contract extension for advanced CSV, possibly until 2031
Business & Finance

Solstad and Ocean Installer agree contract extension for advanced CSV, possibly until 2031

Norway’s Solstad Maritime has secured a charter party agreement extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014. Solstad Maritime announced today, October 29, the f

about 11 months ago
COSL Prospector rig; Source: COSL
Business & Finance

Norwegian giant in the clear for drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations on the Norwegian Continental Shelf (NCS), which will be done with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 11 months ago
Contract with BP takes Oceaneering to Caspian Sea
Business & Finance

Contract with BP takes Oceaneering to Caspian Sea

U.S. subsea engineering and applied technology firm Oceaneering has secured a contract with UK-headquartered energy giant BP for the provision of riserless light well intervention (RLWI) services for the largest oilfield in the Azerbaijan sector of the Caspian basin. Oceaneering‘s Offshore Projects

about 11 months ago
Transocean Equinox rig; Source: Transocean
Business & Finance

Transocean rig just days shy of gas drilling search in Australian waters

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, is only days away from hydrocarbon exploration activities in the Otway Basin off the coast of Australia, which will be undertaken by a semi-submersible rig owned by Transocean, an offshore drilling p

about 11 months ago
FPSO Almirante Tamandaré; Source: SBM Offshore
Business & Finance

Petrobras’ production boost work bears fruit as SBM Offshore FPSO hits record output flow

Petrobras has confirmed a new production milestone, as a floating production, storage, and offloading (FPSO) unit, owned by the Netherlands-based SBM Offshore, shatters output ceiling in a record-breaking run at a huge field in the pre-salt Santos Basin off the coast of Brazil.

about 11 months ago
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