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Business & Finance

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Illustration; Source: Saipem
Business & Finance

Saipem-led consortium confirms start-up of FEED battle for $20 billion LNG project in Asia

Saipem has corroborated its involvement in a competitive dual front-end engineering design (FEED) phase of a floating production, storage, and offloading (FPSO) module destined for a liquefied natural gas (LNG) project in Indonesia’s Masela block.

about 1 year ago
DNV to help realize UK’s carbon capture and storage projects with quality assurance
Business & Finance

DNV to help realize UK’s carbon capture and storage projects with quality assurance

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Independent assurance and risk management provider DNV Inspection has secured three-year contracts to provide quality assurance for two of the UK’s first carbon capture and storage (CCS) projects. DNV is set to deliver site inspection, quality assurance and quality control services for Net Zero Tees

about 1 year ago
Petrobras awards DOF with two new long-term contracts worth over $275M
Business & Finance

Petrobras awards DOF with two new contracts worth over $275M

Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy giant Petrobras that have a combined value of more than $275 million. Skandi Carla and Geoholm have been contracted on four-year charters with Petrobras as remotely operated vehicle (ROV) suppor

about 1 year ago
Seaspan joins forces with Anew Climate to deliver low-carbon marine fuel
Business & Finance

Seaspan joins forces with Anew Climate to deliver low-carbon marine fuel

Seaspan Energy, a subsidiary of the Canadian Seaspan ULC, has formed a strategic partnership with Anew Climate to start delivering renewable liquefied natural gas (R-LNG) on North America’s West Coast.

about 1 year ago
Borgsten Dolphin rig; Source: Geo Therm
Business & Finance

Dolphin Drilling makes partial payment as settlement talks continue in multi-million tax case

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has paid in part the amount required to comply with the UK Supreme Court’s decision in a historic corporation tax liability case, which

about 1 year ago
PXGEO about to start its first-ever offshore seismic acquisition in Malaysia
Business & Finance

Seatrium refreshes PXGEO 2 ahead of work in Malaysia

A 2013-built seismic vessel operated by marine geophysical service provider PXGEO has undergone a maintenance stop to get refreshed and ready for upcoming projects. PXGEO reported some four days ago that the PXGEO 2 vessel had just completed a month-long maintenance stop at Seatrium Shipyard in Sing

about 1 year ago
Sabratha platform; Source: Mellitah Oil & Gas
Business & Finance

US firm finds work on $8 billion gas development in Africa

Mellitah Oil and Gas, a joint venture between the African country’s National Oil Corporation (NOC) and Italy’s Eni, has handpicked the U.S.-headquartered Hill International, a member of the Global Infrastructure Solutions family of companies, to provide project management services for a multibillion

about 1 year ago
An offshore platform
Business & Finance

220 blocks up for grabs in Nigeria’s bid round to speed up oil & gas development

Given its interest in unlocking oil and gas growth, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed its plans to award 220 oil blocks, spanning the African country’s onshore and offshore basins, in its latest hydrocarbon licensing bid round. This entails 59 offshore blocks

about 1 year ago
Nexans to deliver second Malta-Italy interconnector, ten years after the first one
Business & Finance

Nexans starts cable production for second Malta-Italy interconnector (Video)

Nexans has produced and shipped approximately half of the total fiber optic cable length from Norway to the U.S. to be integrated into the high-voltage subsea cable destined for the second Malta-Sicily interconnector. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC elect

about 1 year ago
Noble Intrepid jack-up rig; Source; Noble Corporation
Business & Finance

Go-ahead for Noble rig to spud North Sea hydrocarbon prospect this month

DNO Norge, a subsidiary of Norwegian oil and gas player DNO, has secured a drilling permit, which will enable it to drill a well in the North Sea off the coast of Norway with a rig owned by Noble Corporation, a U.S.-headquartered offshore drilling giant.

about 1 year ago
Provaris launches Yinson-funded FEED for LCO2 tank
Business & Finance

Provaris launches Yinson-funded FEED for LCO2 tank

Provaris has received approval from Yinson to start the FEED phase for its large-scale low-pressure LCO2 tank.

about 1 year ago
Illustration; Source: Chevron
Business & Finance

Chevron shakes hands with Thai player on oil & gas exploration in Southeast Asia’s block

Chevron and BCPR, a Bangchak Group affiliate and Thai energy company, have joined forces to undertake actions aimed at strengthening exploration and development activities at an offshore block in the Gulf of Thailand, Southeast Asia.

about 1 year ago
FPSO One Guyana; Source: ExxonMobil
Business & Finance

SBM Offshore FPSO up and running in Guyana: First oil gushes out of ExxonMobil’s 4th project

SBM Offshore, a provider of design, construction, installation, and operation of offshore floating facilities, has put its new floating production, storage, and offloading (FPSO) vessel into production mode, enabling ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana to co

about 1 year ago
llustration/Morlais Demonstration Zone (Courtesy of Marine Energy Wales/Archive)
Business & Finance

UK opens Allocation Round 7 for contracts for difference scheme

The UK government opened the application window for Allocation Round 7 (AR7) of the Contracts for Difference (CfD) scheme on August 7, 2025. The window will remain open until August 27, 2025. The CfD scheme has so far supported 10 GW of renewable capacity, with another 23 GW contracted to be operati

about 1 year ago