Business & Finance
OneSubsea to support Azule Energy’s production shift from aging to new FPSO
Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded SLB OneSubsea with a contract for the supply of controls umbilicals for a project offshore Angola. The West Hub Tails project, part of the Integrated West Hub (IWH) development in Block 15/06, includes the redirection of
Scottish firm strengthens VLGC foothold with four-vessel Korean shipbuilding deal
Babcock LGE, a Rosyth-based marine engineering business within Babcock International, has won a new assignment with South Korea’s Samsung Heavy Industries (SHI) that covers four 88,000-cubic-meter (cbm) very large gas carriers (VLGCs), bolstering its position in the global liquefied gas handling mar
Santos expands Oceania LNG exposure as ExxonMobil takes the reins
Australian energy company Santos has taken steps to boost its stake in a liquefied natural gas (LNG) project in Papua New Guinea, Oceania.
Petronas on AI-powered quest to streamline Malaysia’s upstream investment playbook
Malaysia’s state-owned oil and gas heavyweight Petronas is using artificial intelligence (AI) to transform the country’s exploration and production investment landscape, helping investors identify and evaluate upstream opportunities faster as it seeks to attract more capital and accelerate projects
Grid-connected wave energy test facility opens in US
The first fully operational, pre-permitted and grid-connected wave energy test facility in the continental U.S. has opened for business. Officially opened on August 27, PacWave South is located off the coast of Newport, Oregon, and has been developed through the collaboration of the U.S. Department
$2.1 billion Sea Lion project on track for first oil despite Falklands tensions
Navitas Petroleum, an oil and gas company with exploration and production interests in several regions, is continuing with planned development activities and does not expect the recent political developments over the Falkland Islands to affect the development timetable for its offshore oil project i
BP tasks Baker Hughes with production enhancement across UK North Sea assets
UK-headquartered energy giant BP has hired U.S.-headquartered energy technology giant Baker Hughes to support new well development and production optimization across its North Sea operations on the UK Continental Shelf (UKCS).
MISC explores consortium role in potential Yinson privatization
MISC Group, a member of the Petronas Group of Companies and an owner and operator of offshore floating assets and provider of energy-related maritime solutions and services, is weighing a role in a potential consortium that could take Kuala Lumpur-headquartered Yinson, an energy infrastructure compa
First US LNG cargo puts Equinor on course to double global portfolio by decade-end
Norwegian state-owned energy giant Equinor is scaling up its liquefied natural gas (LNG) ambitions with its first cargo from the U.S. Gulf Coast under long-term supply agreements with Texas-headquartered Cheniere, as the company works to double its global LNG portfolio by 2030.
WATCH: 24-meter USV performs first fully remote project
The 24-meter-long unmanned surface vessel (USV) Challenger, owned by a joint venture of DeepOcean, Solstad Offshore and Østensjø Rederi, has completed its first fully remote project. GONDAN Shipbuilders started the construction of the USV in March 2024, following the order from the joint venture com
Three-fold resource surge sharpens focus on Tetragon’s gas play offshore Philippines
Asia-focussed oil and gas explorer Tetragon Energy has upgraded the potential of its gas portfolio off the coast of the Philippines, more than tripling the mid-case prospective resource estimate for a key exploration prospect to 8 trillion cubic feet (tcf), a boost that could strengthen the value of
UK subsea contractor’s fleet grows with another SMD ROV
Film-Ocean, a UK-based subsea contractor providing ROV inspection and intervention services, has taken delivery of another remotely operated vehicle (ROV) from SMD, completing a major fleet investment program. This comes as Film-Ocean took delivery of two Quantum 250-hp heavy-duty work-class ROVs in
Woodside, Pemex eye new Gulf of Mexico deepwater oil & gas exploration opportunities
Australian energy giant Woodside is forging a path with Mexico’s state-owned petroleum heavyweight Petróleos Mexicanos (Pemex) to hunt for potential deepwater hydrocarbon plays in the Gulf of Mexico under a non-binding memorandum of understanding (MOU).
Smulders HSM, SPIE and Scaldis help future-proof offshore wind-powered North Sea gas platform
An integrated project team comprising Smulders HSM, a provider of multidisciplinary offshore platform solutions, SPIE, a multi-technical services provider, and offshore installation partner Scaldis, has been tasked with handling the next phase of a gas project in the Dutch North Sea, with a new comp