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Business & Finance

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LNG Canada
Business & Finance

LNG chapters on the rise in 2024 global energy tome

Offshore Energy has gone back in time to make a collection of some of the most important LNG developments and deals that hit the market in 2024.

about 1 year ago
Deepsea Bollsta rig drilled several wells in Namibia for oil majors; Source: Equinor
Business & Finance

Energy trip down memory lane: Offshore oil & gas discoveries to remember 2024 by

While current indications firmly point out that oil and gas are here to stay for years to come, the same goes for decarbonization, which is expected to pick up more speed globally, including in the oil and gas arena, as Big Oil signs off on new greenhouse gas (GHG) emission reduction endeavors along

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about 1 year ago
Fugro to conduct surveys for Equinor's stalled $12B oil project off Canada
Business & Finance

Fugro to conduct surveys for Equinor’s stalled $12B oil project off Canada

Dutch geo-data specialist Fugro has won a contract to perform surveys for an oil project located off the coast of Newfoundland and Labrador being developed by Norwegian state-owned energy firm Equinor. In its financial results for the first quarter of 2025, issued today, April 24, Fugro reported tha

about 1 year ago
Saipem 10000; Source: Saipem
Business & Finance

Two more wells on Eni’s drilling agenda at Mediterranean gas field

With gas production increase in mind, Italy’s energy giant Eni is set on drilling two additional wells at a natural gas field in the Mediterranean off the coast of Egypt.

about 1 year ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

ADNOC inks UAE’s ‘largest LNG deal by volume’ with Chinese player

ADNOC has signed a multi-year gas deal with ENN for liquefied natural gas (LNG), which will be sourced from the former’s giant low-carbon LNG project, currently under development.

about 1 year ago
Aramco keeps its energy and maritime bonds with UAE player going with new extension
Business & Finance

Aramco keeps its energy and maritime bonds with UAE player going with new extension

UAE-based offshore fabrication contractor Lamprell has got a hold of an extension of its multi-year deal with Aramco, Saudi Arabia’s energy heavyweight.

about 1 year ago
Texan piping company bags over $27M for projects in MENA and the Americas
Business & Finance

Texan piping company bags over $27M for projects in MENA and the Americas

Texas-headquartered Perma-Pipe International has secured several projects in the Americas and the Middle East and North Africa (MENA) region that have a combined value of over $27 million. Perma-Pipe said that the projects would use its anti-corrosion coating capabilities and the XTRU-THERM insulati

about 1 year ago
FPSO Energean Power; Source: Energean
Business & Finance

Energean’s brand-new gas deal bringing revenues of more than $2 billion

Energean has penned a multi-year gas sale and purchase agreement (GSPA) with Kesem Energy to supply natural gas to the latter’s new power plant under construction in Israel’s Rosh Ha’ayin within the Southern Levant region of the Middle East.

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

Ten-year renewal for ADES rig marks jack-up’s return to drilling work with Aramco

ADES has tucked a multi-year contract renewal in the Kingdom of Saudi Arabia (KSA) under its belt, which enables one of its previously suspended jack-ups to work for Aramco once again.

about 1 year ago
Middle East and Guyana on schedule for Saipem under two contracts worth $720M
Business & Finance

Middle East and Guyana on schedule for Saipem under two contracts worth $720M

Italy’s engineering, drilling, and construction services company Saipem has secured two new offshore contracts in the Middle East and Guyana for a total amount of approximately $720 million. The first contract covers engineering, procurement, construction and installation (EPCI) activities for the r

about 1 year ago
Aras Driller jack-up rig; Source: Ocean Oilfield
Business & Finance

44-year old rig crosses the finish line at offshore drilling job in UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE).

about 1 year ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business & Finance

Eco Wave Power adds Vistra Energy board member to its advisory board

Wave energy developer Eco Wave Power has appointed Vistra Energy board member Hilary E. Ackermann to its advisory board. According to Eco Wave Power, Ackermann, also a former Chief Risk Officer at Goldman Sachs Bank USA, brings experience in risk management, corporate governance, and clean energy tr

about 1 year ago
Chevron-operated Leviathan gas asset (for illustration); Source: NewMed Energy
Business & Finance

BP and SOCAR join NewMed in grabbing slice of multi-license gas exploration pie off Israel

Israel’s Ministry of Energy and Infrastructure has put its stamp of approval on six licenses in a fourth competitive process for natural gas exploration in the State of Israel’s Exclusive Economic Zone (EEZ). The list of license winners entails Azerbaijan’s SOCAR, NewMed Energy – former Delek Drilli

about 1 year ago
A large vessel at sea
Business & Finance

ADNOC’s African footprint grows with acquisition of stake in block off Mozambique

Portugal’s oil and gas company Galp has completed the sale of its upstream assets offshore Mozambique to XRG, a wholly-owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC).

about 1 year ago