Business & Finance

First oil from Southeast Asian offshore project flows sooner than expected

The start of production from an offshore platform at an oil field in Vietnamese waters comes 36 days ahead of schedule.

$313.6 million deal takes ADNOC Drilling’s rig duo beyond UAE waters to Kuwait

ADNOC Drilling has lined up multimillion-dollar jobs for two jack-ups, marking its first offshore rig operations outside the UAE.

Odfjell Drilling firms up multi-year rig deal with Vår Energi

This secures firm work for the seven-year-old semi-submersible rig through 2031, with options extending to 2035.

Wavepiston inks new deals in Barbados and Martinique for wave energy

Heerema renews Fugro deal for offshore survey and positioning services

QatarEnergy buying 25% interest in Namibian offshore exploration license from Chevron

First gas gushes out of Southeast Asian deepwater project

This nearly $1-billion development has unlocked new deepwater reserves to boost energy security and stabilize power costs.

Oil & gas quartet partners up to unlock over 6.5 trillion cubic feet of Asian gas

PTTEP, TotalEnergies, KUFPEC, and Petronas have sealed a deal to co-develop gas fields off the coast of Sarawak, Malaysia.

Worley on EPC duty at Venture Global's US LNG expansion project

This award comes ahead of a final investment decision (FID) for Venture Global's LNG expansion project in Louisiana, which is targeted for early 2027.

TotalEnergies locks in LNG supply from ADNOC and offtake deal with Chinese firm

TotalEnergies is deepening its LNG footprint on both sides of its supply chain with new supply from the UAE and a long-term offtake deal in China.

Brazilian field revitalization inches closer with green light for Petrobras’ FPSO concept

Petrobras has received the go-ahead from Lloyd’s Register for the conceptual design of its proposed FPSO destined for a redevelopment project.

Excelerate and AxDo strike multi-year Bahamas LNG deal for Caribbean’s new terminal

Excelerate Energy and AxDo Bahamas have sealed an 11-year LNG supply agreement for a new offshore hub near Grand Bahama.

Velesto’s 2010-built rig finds drilling job with Petronas

Velesto’s 16-year-old jack-up has landed a new offshore drilling assignment with Petronas off the coast of Malaysia.

Energy security to keep running the show into 2027 amid market shifts, IEA Chief warns

$3.4 trillion global energy spend: Clean tech outpaces fossil fuels nearly 2-to-1 in 2026. IEA Chief says energy markets will not normalize in 2027.