Business & Finance
Fresh gas discovery augments Aker BP’s North Sea arsenal
Norwegian oil and gas company Aker BP has struck gas in the North Sea, opening up a new opportunity 25 kilometers north of the Duva field. The operator and its partners will now assess whether the discovery could be commercially viable.
Saipem hands Saudi jack-up fleet to ADES in strategic shallow-water exit
Italy’s engineering, drilling, and construction services company Saipem has divested its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company, an indirect subsidiary of Saudi Arabia-headquartered ADES Holding Company, which has now added about SAR 3.7 billion ($987 million)
Valeura advances Gulf of Thailand expansion with PTTEP farm-in approval
Canadian oil and gas company Valeura Energy has received the go-ahead for its acquisition of partial stakes in two offshore blocks in the Gulf of Thailand from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP).
Santos broadens Asia-Pacific LNG portfolio with Canadian supply and 10-year POSCO deal
Australia’s energy player Santos is stepping up its liquefied natural gas (LNG) push in Asia through a long-term supply deal with South Korea’s POSCO and a proposed agreement to buy 1 million tonnes per year (mtpa) from an LNG project being developed on Canada’s northwest coast to export lower-carbo
Borr Drilling keeps three jack-up rigs as it reorganizes Mexico ops with stake sale
Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has taken steps to streamline its operations in Mexico through a sale of its interests in joint ventures Perforaciones Estratégicas e Integrales Mexicana and Perforaciones Estratégicas e Integrales Mexicana II, known toge
Petrobras taps Strohm for up to 1,500-meter deepwater TCP trial offshore Brazil
Dutch thermoplastic composite pipe (TCP) manufacturer Strohm has been hired on an assignment, covering the supply, qualification and offshore trial of thermoplastic composite pipe (TCP) for water injection and gas lift applications in Brazil’s deepwater post-salt province, in a project that will tes
MODEC, Eld Energy chart path to low-carbon FPSO power with ABS milestone
Japan’s MODEC and Eld Energy, a Norwegian fuel cell system company, have cleared a key milestone in the new technology qualification (NTQ) process from the American Bureau of Shipping (ABS), advancing their solid oxide fuel cell (SOFC) power system toward deployment on operating floating production,
Thumbs-up for Equinor’s North Sea drilling ops with COSL rig
Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.
Hybrid electric propulsion at the heart of next-gen LNG carrier design
London-headquartered Lloyd’s Register (LR), a maritime classification and technical services provider, is teaming up with South Korea’s HD Hyundai Heavy Industries (HHI), headquartered in Ulsan, and HD Korea Shipbuilding & Offshore Engineering (KSOE), based in Seongnam, to push hybrid-electric propu
Shell and MET Group pen new multi-year US LNG supply deal
MET International, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and UK-headquartered energy giant Shell have struck a long-term liquefied natural gas (LNG) agreement to strengthen Europe’s energy security with LNG sourced from the United States (U.S.).
New US wave power test facility on Carnegie Clean Energy contender list for potential CETO demo
Australian ocean energy developer Carnegie Clean Energy has put a newly opened U.S. wave energy test facility on its list of potential sites for a future demonstration of its wave energy converter technology designed to convert energy from ocean waves into electricity, as the company progresses its
Germany-UAE energy ties deepen as RWE, Masdar and ADNOC eye LNG supply and €3B offshore wind investment
Germany and the United Arab Emirates are stepping up energy cooperation, with German power producer RWE joining Abu Dhabi clean-energy firm Masdar and oil and gas giant ADNOC to pursue plans spanning more than €3 billion in potential offshore wind investment and advancing talks on long-term liquefie
Saipem picks up $350 million subsea job offshore Angola
Italy’s engineering, drilling, and construction services company Saipem has won a roughly $350 million contract from Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, for subsea work on an offshore development in Angola, adding another major deepwater award to the Italian contractor
Baker Hughes enlisted to power next wave of Venture Global’s LNG expansion
U.S.-headquartered energy technology giant Baker Hughes and Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, are deepening their partnership as the LNG developer moves forward with the next stage of a major U.S. LNG infrastructure buildout.