Business & Finance
Transocean rig’s drill bit turns as Amplitude opens new chapter in East Coast gas hunt
Amplitude Energy, an Australian gas production company focused on supplying the Southeast domestic gas market, has begun drilling an exploration well off the coast of Victoria, targeting an estimated 48.8 billion cubic feet (bcf) of prospective gas, as it advances its East Coast Supply Project (ECSP
Eagle LNG draws $30M Datacentrex bet as US space launch boom accelerates
Eagle LNG Partners, a Florida–based developer and operator of small-scale liquefied natural gas (LNG) infrastructure, has secured a multimillion-dollar investment from Datacentrex, a diversified technology-driven enterprise operating a digital asset mining business across high-growth sectors.
Valeura fast-tracks Southeast Asian project: First oil now on the cards for early Q2 2027
Canadian oil and gas company Valeura Energy is accelerating the redevelopment of its field in the Gulf of Thailand by bringing the project’s potential first oil forward to the early second quarter of 2027, around two months ahead of its original schedule.
Jan De Nul’s first XL cable layer on sea trials, second to follow
Jan De Nul’s extra-large cable-laying vessel (CLV) Fleeming Jenkin has started sea trials, soon to be followed by its twin, William Thomson. Jan De Nul placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard in October 2023, followed by an order for William Thomson in May the following y
BP beats the clock: Mediterranean gas well comes online two years early
UK-headquartered energy giant BP has added around 80 million cubic feet per day (cf/d) of natural gas to domestic supply from its West Nile Delta (WND) operations, bringing forward production by roughly two years from a development off the Mediterranean coast of northern Egypt, near the Nile Delta a
Cheniere hits 5,000-cargo mark as project in Texas lifts LNG capacity to 56 mtpa
U.S. energy player Cheniere Energy has reached substantial completion at the third stage of its liquefied natural gas (LNG) project in Texas and exported its 5,000th LNG cargo, marking a major expansion of its U.S. liquefaction capacity and a decade of rapid growth in the global LNG market.
Shell’s technology set to enter wider FLNG market through Wison deal
China-based provider of clean energy services Wison New Energies (WNE) has joined forces with the UK-headquartered energy giant Shell to bring the European firm’s liquefaction technology to the wider liquefied natural gas (LNG) market for the first time, strengthening Wison’s floating LNG (FLNG) off
Arctic LNG 2 exit ticked off the list: TotalEnergies retains $1.3 billion loan claim
France’s energy giant TotalEnergies has wrapped up its exit from a Russian liquefied natural gas (LNG) project, giving up its stake but retaining rights to recover around $1.3 billion in shareholder loans, subject to sanctions.
Singapore’s Kim Heng to incorporate joint venture company in Korea
Singapore-headquartered offshore marine service contractor Kim Heng and South Korea’s marine and civil work construction company Heungwoo Industrial have entered into a joint venture agreement (JVA) to incorporate a joint venture (JV) company in Korea. Kim Heng’s 50%-owned subsidiary Thaitan Interna
Eni widens Uruguay offshore presence with new block and first operatorship
Italian energy giant Eni is broadening its offshore footprint in Uruguay by taking operatorship of an exploration block with YPF’s subsidiary, MIWEN, as its partner.
Etu Energias strikes $260 million deal with Chevron for Angola’s deepwater block duo
Etu Energias, a privately owned Angolan energy company, has taken steps to increase its stakes in two offshore blocks from Cabinda Gulf Oil Company (CABGOC), a subsidiary of U.S.-headquartered energy giant Chevron, through a deal that will make it the largest interest holder in one of Angola’s longe
SBM Offshore and Solstad’s installation vessel to sport Kongsberg Maritime equipment
Kongsberg Maritime has secured a contract to supply a fully integrated suite of technology and equipment for an offshore installation vessel being built for the joint venture (JV) of Norwegian Solstad Offshore and Netherlands-based SBM Offshore. Kongsberg Maritime will deliver an advanced deck machi
Swedish firm picks up work for 1.5 GW LNG-to-power project in Southeast Asia
AFRY, a Swedish engineering, design, and advisory company, has secured a key technical advisory role on a liquefied natural gas (LNG) development in Vietnam. The 1.5 GW LNG-to-power project involves an integrated floating LNG (FLNG) terminal and gas-fired power plant, supporting the expansion of LNG
WATCH: Allseas takes 17,200-ton North Sea giant ashore 42 years after first oil
More than four decades after first producing oil, a 17,200-ton North Sea platform has been lifted from its steel jacket in a single operation and loaded aboard a heavy-lift vessel, owned by Switzerland-based offshore contractor Allseas, marking the start of its final journey to shore for dismantling