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Business & Finance

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FPSO Western Isles; Source: NEO Energy
Business & Finance

License alignment buys time to pick production solution for new UK North Sea oil hub

As the UK regulator has decided to prolong a license in alignment with another one in the area to pave the way for an integrated development plan, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to contemplate all ava

about 1 month ago
Mermaid Maritime establishes formal US presence
Business & Finance

Mermaid Maritime establishes formal US presence

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited is continuing its geographical expansion journey with the establishment of a formal corporate presence in the U.S. The wholly owned corporate presence in Delaware, with an immediate commercia

about 1 month ago
FPS Shenandoah; Source: Navitas Petroleum
Business & Finance

US Gulf subsea tie-back on track for first oil by year-end as development drilling progresses

Beacon Offshore Energy, a Texas-based exploration and production company, is preparing to begin drilling the second development well at a field in the Gulf of America (U.S. Gulf of Mexico), with first oil targeted for year-end 2026.

about 1 month ago
Illustration; Source: Coastal Bend LNG
Business & Finance

Carbon capture-enabled 19.2-mtpa Texas Gulf Coast LNG project enters permitting phase

A planned multi-train liquefied natural gas (LNG) export project on the Texas Gulf Coast has taken a significant regulatory step toward development after submitting a request to the U.S. Federal Energy Regulatory Commission (FERC) to begin the pre-filing review process for the proposed export termin

about 1 month ago
Illustration; Source: Aqualis
Business & Finance

Faster well delivery with AI-powered engineering at the heart of AGR-THF pact

AGR, part of Oslo-listed energy and marine consultancy group Aqualis, has forged a new partnership with THF Engineered Solutions (THF) to pave the way for enhanced well planning, assurance and well delivery by exploring ways engineering-led artificial intelligence (AI) can assist in this quest.

about 1 month ago
Fugro’s deepwater ROV services to back drilling activities offshore India
Business & Finance

Fugro’s deepwater ROV services to back drilling activities offshore India

Fugro has secured a three-year contract to deliver remotely operated vehicle (ROV)-based deepwater drill support services for India’s government-owned Oil and Natural Gas Corporation (ONGC). Under the contract secured with Vantage International Management Company, Fugro Survey India will support dri

about 1 month ago
Kasawari gas platform in the South China Sea off the coast of Sarawak, Malaysia; Source: Searah
Business & Finance

Eni and Petronas’ Searah taps Destini for five-year gig offshore Malaysia

Searah, a 50/50 independent joint venture between Eni and Petronas that combines their key businesses across Indonesia and Malaysia, has hired Destini Oil Services (DOS), a subsidiary of Kuala Lumpur-headquartered Destini, for a multi-year tubular running services (TRS) assignment off the coast of M

about 1 month ago
Illustration; Source: EnerMech
Business & Finance

North Sea operator books EnerMech for multi-year topside services job

Aberdeen-headquartered integrated solutions specialist EnerMech has been hired by an undisclosed North Sea operator for long-term topside services work.

about 1 month ago
Illustration; Source: KOIL Energy
Business & Finance

KOIL Energy Solutions sets up strategic alliance to fuel growth in Eastern Hemisphere

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions has entered into a strategic alliance with Pipeline Network, a consultancy focused on the oil & gas pipeline services sector, with the aim of expanding its international presence, operational capabilities, and custom

about 1 month ago
La Santa Maria platform in operation during a previous LNG discharge test in Norway; Source: ECOnnect
Business & Finance

Shell’s JV chooses ECOnnect’s jettyless import solution for Caribbean LNG project

Norway’s technology company ECOnnect Energy has strengthened its position in the Caribbean with a deal for the use of its floating marine liquefied natural gas (LNG) infrastructure at an LNG terminal in The Bahamas.

about 1 month ago
Large-scale seismic reimaging project offshore Egypt to cover 34,000 kilometers
Business & Finance

Large-scale seismic reimaging project offshore Egypt to cover 34,000 kilometers

Norwegian TGS has kicked off a large-scale 2D seismic reimaging project covering 34,000 kilometers across offshore Egypt, in partnership with Egyptian Natural Gas Holding Company (EGAS). The EGY-2DRE2026 project will integrate input from the GeoStreamer 2016, 2018 and 2023 surveys, together with oth

about 1 month ago
Noble Discoverer rig; Source: Noble
Business & Finance

South America’s gas boom on the rise with Petrobras’ new discovery in Colombian waters

Brazil’s state-owned energy giant Petrobras has added to South America’s energy riches with a fresh gas discovery off the coast of Colombia.

about 1 month ago
Illustration; Source: ADNOC Drilling
Business & Finance

ADNOC, SLB roll out AI-powered tool across over 120 rigs to enhance drilling ops

United Arab Emirates-based energy heavyweight Abu Dhabi National Oil Company (ADNOC) and the U.S.-headquartered technology player SLB have deployed a platform running on artificial intelligence (AI) across a fleet of more than 120 rigs to cut downtime and improve drilling performance at onshore and

about 1 month ago
FPSO Northern Endeavour on board COSCO’s Hua Rui Long heavy transport vessel leaving Singapore; Courtesy of Australia’s Department of Industry, Science and Resources
Business & Finance

Xodus widens its role on Australian offshore oil field decom project

Aberdeen-based energy consultancy Xodus has expanded its role on a decommissioning program in Australian waters, supporting environmental approvals for the next phases in the removal of one of the country’s largest offshore oil field developments.

about 1 month ago
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