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Business & Finance

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Petrobras hit with arbitration proceeding over alleged subsea pipeline repair failures
Business & Finance

Petrobras hit with arbitration proceeding over subsea pipeline repair failures

Seacrest Petroleo, an independent oil & gas production company with an integrated portfolio of onshore producing oil fields and export infrastructure onshore in Brazil’s Espírito Santo, has filed an arbitration request against Brazil’s state-owned oil & gas giant Petrobras over alleged subsea pipeli

about 1 year ago
COSL Pioneer rig; Source: COSL Drilling Europe
Business & Finance

COSL rig to spin the drill bit at North Sea wildcat this month

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Vår Energi has secured a drilling permit from the country’s authorities to spud an exploration well in the North Sea, off the coast of Norway, using one of COSL Drilling Europe’s semi-submersible rigs.

about 1 year ago
Fast4Ward design; Source: SBM Offshore
Business & Finance

SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts

With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are antici

12 minutes read
Illustration. Source: BOEM
Business & Finance

Biden’s US offshore oil & gas drilling ban throws a spanner in the works but ‘drill, baby, drill’ still on Trump’s energy agenda

President Joe Biden’s legacy has now added an offshore drilling ban, spanning over 625 million acres of the U.S. ocean, to the mix.

about 1 year ago
Provaris, Uniper and Norwegian Hydrogen move forward with hydrogen supply deal
Business & Finance

Provaris, Uniper and Norwegian Hydrogen move forward with hydrogen supply deal

Provaris Energy, Uniper Global Commodities and Norwegian Hydrogen have signed a conditional term sheet for the supply, transport and offtake of hydrogen from Nordics to North-Western Europe.

about 1 year ago
Troll A platform; Source: Jan Arne Wold/Elisabeth Sahl - Equinor
Business & Finance

Giant North Sea field sets ‘historic’ gas production record

Equinor has achieved a new production milestone at its natural gas asset in the North Sea, which is said to be the largest oil and gas field off the coast of Norway.

about 1 year ago
'Largest subsea rock installation vessel in industry' to join Boskalis' fleet in 2026
Business & Finance

‘Largest subsea rock installation vessel in industry’ to join Boskalis’ fleet in 2026

Dutch offshore services provider Boskalis is set to welcome a new subsea rock installation (SRI) vessel to its fleet in 2026, described by the company as the largest such vessel in the industry. The vessel, named Windpiper, is being developed by converting an existing new vessel under the supervisio

about 1 year ago
Temis MSU DP3 flotel; Source: Nortrans Offshore
Business & Finance

Saipem picks 2015-built flotel for work on giant ‘most prominent’ gas project

Nortrans has found a job for a 2015-built maintenance and support unit, which is part of its managed fleet.

about 1 year ago
Three TDI-Brooks vessels begin 2025 in Africa
Business & Finance

Three TDI-Brooks vessels begin 2025 in Africa

U.S.-headquartered TDI-Brooks is taking three of its vessels for work in West and Northwest Africa in the first quarter of 2025. The 75-meter-long DP-II vessel Nautilus, which joined TDI-Brooks’ fleet in the summer of 2023, is headed to Namibia for a deepwater “heavy” geotechnical project where it w

about 1 year ago
Anchor FPU; Source: Chevron
Business & Finance

Spotlight on oil & gas legacy of 2024: Three biggest hydrocarbon projects to turn production mode on

The top three fossil energy projects, which came into operation during 2024, reflect the prevailing market trends of entwining dynamic hydrocarbon and alternative greener plays driven by the security of supply pursuits with strong decarbonization currents to enable the industry players to come to gr

about 1 year ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Business & Finance

TotalEnergies and Vantage Drilling launch rig joint venture

Vantage Drilling has established a new joint venture (JV), named TEVA Ship Charter (TEVA), with France’s energy giant TotalEnergies, which will acquire a drillship currently working off the coast of Congo.

about 1 year ago
Illustration; Source: Brava Energia
Business & Finance

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
Zinus welcomes $4 million investment to boost shore power solutions
Business & Finance

Zinus welcomes $4 million investment to boost shore power solutions

Singapore’s Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have become shareholders in shore power solutions provider Zinus through joint investment.

about 1 year ago
FPSO GTA; Source: BP
Business & Finance

BP celebrates first gas from its deepwater ‘megaproject’ offshore Africa

BP has tucked a first gas flow milestone under its belt off the coasts of Mauritania and Senegal at a gas project that is said to be the biggest one in the oil major’s portfolio and one of the deepest, most complex gas developments in Africa.

about 1 year ago