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Business & Finance

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Noble Viking drillship; Source: Noble Corporation
Business & Finance

Noble’s 2013-built drillship lines up 296-day Southeast Asian job

Noble Corporation, a U.S.-based offshore drilling giant, has landed a new multi-well deal for one of its drillships off the coast of Brunei, Southeast Asia.

about 2 months ago
NAGA 3 rig; Source: Velesto Energy
Business & Finance

Velesto scraps proposed sale of 16-year-old jack-up rig

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has called off a deal to offload a 2010-built jack-up rig.

about 2 months ago
After TechnipFMC, Eni brings OneSubsea onboard Côte d’Ivoire project
Business & Finance

After TechnipFMC, Eni brings OneSubsea onboard Côte d’Ivoire project

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a multi-well engineering, procurement, and construction (EPC) contract with Eni for the third phase of an oil & gas development project off the coast of Côte d’Ivoire. SLB OneSubsea will deliver complete subsea product

about 2 months ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Business & Finance

Petronas expands three-decade-long LNG ties with Shizuoka Gas up to 2039

Petronas LNG Ltd. (PLL), a subsidiary of Malaysia’s energy giant Petroliam Nasional Berhad (Petronas), has sealed a new liquefied natural gas (LNG) deal with Japan’s Shizuoka Gas, building on a partnership spanning three decades, as the duo reaffirms their shared commitment to strengthening long-ter

about 2 months ago
Kongsberg Maritime to acquire Sweden’s Berg Propulsion
Business & Finance

Kongsberg Maritime to acquire Sweden’s Berg Propulsion

Norwegian maritime technologies company Kongsberg Maritime is set to acquire Berg Propulsion, a Swedish designer and manufacturer of integrated propulsion and electrical systems for the maritime market. When announcing the acquisition, Kongsberg Maritime said that the move represents a strategic ste

about 2 months ago
FSRU Dioriga Gas; Source: Dioriga Gas
Business & Finance

New player eyes coming aboard Greece’s FSRU project with Aktor-Motor Oil deal

Greece’s Motor Oil Hellas (MOH) has struck a deal with its compatriot Aktor to divest half of its subsidiary’s stake in a floating storage and regasification unit (FSRU) project, which is anticipated to boost liquefied natural gas (LNG) supply in the European country.

about 2 months ago
COSL Pioneer; Source: COSL Drilling Europe
Business & Finance

COSL Drilling Europe’s 2010-built rig staying with Vår Energi into 2028

Norway’s oil and gas player Vår Energi has prolonged a drilling assignment, which is being undertaken on the Norwegian Continental Shelf (NCS) with one of the semi-submersible rigs owned by COSL Drilling Europe, an offshore drilling contractor.

about 2 months ago
Third ORESA innovation call for offshore energy solutions open for applications
Business & Finance

Third ORESA innovation call for offshore energy solutions open for applications

Offshore Renewable Energy Sustainability Alliance (ORESA), an Interreg North-West Europe project, is inviting small and medium-sized enterprises (SMEs) developing innovative products, technologies, or services within the offshore energy sector to apply for its third innovation call. The Innovation C

about 2 months ago
FPSO Kraken; Source: EnerMech
Business & Finance

Harbour enriches its UK North Sea oil & gas portfolio with Waldorf buy

London-listed oil and gas company Harbour Energy has wrapped up the acquisition of all subsidiaries of Waldorf Energy Partners Limited (WEPL) and Waldorf Production Limited (WPL), enlarging its hydrocarbon asset portfolio in the UK sector of the North Sea.

about 2 months ago
COSL Prospector rig; Source: COSL
Business & Finance

North Sea wildcat to be spud by COSL rig next month

Norway’s oil and gas player Vår Energi has secured a drilling permit for operations in the Norwegian North Sea, which will be conducted with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 2 months ago
Partnership set up in Norway to accelerate deployment of innovative OBN tech
Business & Finance

Partnership set up in Norway to accelerate deployment of innovative OBN tech

Norwegian energy data and intelligence company TGS and compatriot geophysical technology and service company Allton have signed a strategic collaboration agreement focused on accelerating the deployment of innovative deepwater ocean-bottom node (OBN) technology. The parties have agreed on exclusive

about 2 months ago
Platinum Explorer; Source: Vantage Drilling
Business & Finance

Following merger with Eldorado, Vantage Drilling exits Euronext Growth

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has stopped trading on Euronext Growth following the completion of its business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors. It was reported at the end of June tha

about 2 months ago
Dutch cable services firm moves closer to Baltic clients with hub in Sweden
Business & Finance

Dutch cable services firm moves closer to Baltic clients with hub in Sweden

WIND, a Netherlands-based company delivering subsea cable logistics, cable recovery, and related services, has opened a cable storage and offshore service hub in Sweden to serve the Baltic region. WIND Group has signed a long-term agreement with Smålandshamnar to establish the dedicated yard in the

about 2 months ago
Nigeria’s long-term energy security strategy backed with new oil discovery
Business & Finance

Nigeria’s long-term energy security strategy backed with new oil discovery

Nigerian integrated energy company Renaissance Africa Energy has made a new oil discovery offshore Nigeria, supporting the country’s strategy to expand crude oil reserves, increase production and strengthen long-term energy security. The JK-004 exploration well in Oil Mining Lease (OML) 74 encounter

about 2 months ago
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