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Business & Finance

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Illustration; Courtesy of Nigeria LNG
Business & Finance

Nigeria’s gas ambitions ignite as batch of deals pushes energy security agenda forward

The Nigerian National Petroleum Company (NNPC) has sealed multiple gas agreements to unleash Nigeria’s gas aspirations as a catalyst for industrial growth and enhance the African nation’s energy security.

about 2 months ago
Oceaneering and Petrobras extend collaboration through four-year ROV agreement
Business & Finance

Oceaneering and Petrobras extend collaboration through four-year ROV agreement

U.S. subsea engineering and applied technology firm Oceaneering International and Brazilian state-owned energy giant Petrobras have expanded their collaboration with a four-year contract for remotely operated vehicle (ROV) services. Following a competitive tender process, Oceaneering’s Brazilian sub

about 2 months ago
Well-Safe Defender rig; Source: Well-Safe Solutions (video)
Business & Finance

Well-Safe bags new North Sea decom job: Archer, NMC Energy supporting P&A ops for 260+ wells

Aberdeen-based decommissioning services provider Well-Safe Solutions has landed a new decommissioning assignment at a field in the North Sea on the UK Continental Shelf (UKCS) and hired Archer and NMC Energy to lend a hand with the plug and abandonment (P&A) scope of work.

about 2 months ago
SSV Catarina rig; Source: Ventura Offshore
Business & Finance

Encore for Ventura Offshore rig as Eni and Petronas extend Southeast Asian drilling gig

Eni Muara Bakau, a subsidiary of Searah that represents a joint venture between Eni and Petronas, has prolonged a drilling assignment being conducted off the coast of Indonesia by a semi-submersible rig owned by Brazil’s deepwater offshore drilling contractor Ventura Offshore.

about 2 months ago
Illustration; Source: BOEM
Business & Finance

August bid date opening path to 80 million acres in third Gulf of America oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) has unveiled a final notice for the third offshore lease sale out of thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales under the One Big Beautiful Bill Act.

about 2 months ago
DOF vessel finds more work in Australia
Business & Finance

DOF vessel finds more work in Australia

Norway’s DOF Group is set to commence a subsea construction and pre-commissioning support services contract in the Asia-Pacific (APAC) region in the fourth quarter of 2026. DOF reported the award of the contract described as large, with value between $50 million and $100 million, today, July 7, for

about 2 months ago
Man pointing at offshore platform
Business & Finance

TotalEnergies, BluEnergies enhancing Liberia’s oil & gas offshore exploration prospects

A Liberian upstream subsidiary of France’s energy giant TotalEnergies (TTE) and BluEnergies (BLU), a Canadian-based international oil and gas exploration and development company with a focus on operations in West Africa, are conducting a work program to confirm and advance drillable prospects in the

about 2 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

UAE’s giant LNG project lines up new deal as Inpex and ADNOC strengthen ties

Inpex Energy Trading Singapore (IETS), a Singapore-based subsidiary of Japan’s largest exploration and production (E&P) player Inpex, has struck a new deal with ADNOC Ruwais Liquefied Natural Gas (ARLNG), an UAE-based subsidiary of Abu Dhabi National Oil Company (ADNOC).

about 2 months ago
Another contract extension with Ocean Installer for Solstad’s advanced CSV
Business & Finance

Another contract extension with Ocean Installer for Solstad’s advanced CSV

Norway’s Solstad Maritime has secured a contract extension with compatriot marine construction and operations player Ocean Installer, part of the Moreld Group, for an advanced multi-purpose offshore construction vessel built in 2014. Solstad Maritime announced today, July 7, a one-year contract exte

about 2 months ago
Equinor awards €536M in contracts for first wave of new subsea tie-back projects
Business & Finance

Equinor awards €536M in contracts for first wave of new subsea tie-back projects

Norwegian state-owned energy giant Equinor has, on behalf of partners, awarded four contracts worth around NOK 6 billion (about €536.4 million) for the first wave of subsea tie-back projects on the Norwegian Continental Shelf (NCS) as part of its NCS2035 strategy. The four projects are part of the f

about 2 months ago
Illustration; Source: Saipem
Business & Finance

Saipem scores $2-billion FPSO deal for Eni and Petronas’ Southeast Asian gas project

Italy’s engineering, drilling, and construction services giant Saipem has won a new assignment related to a floating production, storage, and offloading (FPSO) unit destined for deployment at one of Indonesia’s major upcoming energy projects.

about 2 months ago
Baleine; Source: Eni
Business & Finance

TechnipFMC to deliver flexible flowlines and risers to Eni in Côte d’Ivoire

Italy’s energy giant Eni has awarded another contract for the third phase of its oil & gas development project off the coast of Côte d’Ivoire, with TechnipFMC put in charge of flexible flowlines and risers. Alongside the existing Baleine developments, Phase 3 will increase total field production fro

about 2 months ago
FPSO for Bay du Nord oil project; Source: BW Offshore
Business & Finance

BP exits $10 billion Canadian oil project, as Equinor consolidates ownership

Norwegian state-owned energy giant Equinor has made a move to become the sole owner of an oil development off the coast of Newfoundland and Labrador by acquiring the UK-headquartered BP’s stake in the Canadian project.

about 2 months ago
Maran Gas Achilles delivered the first LNG cargo supplied by Shell Eastern LNG for the commissioning of PV GAS’s Thi Vai LNG Terminal in July 2023; Source: PV Gas
Business & Finance

Shell feeds Vietnam’s LNG appetite through deal with PV Gas

Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of Vietnam’s state-owned national energy group Petrovietnam, has inked a liquefied natural gas (LNG) agreement with Shell Eastern Trading (Shell Eastern LNG), a wholly owned subsidiary of the UK-headquartered energy giant Shell.

about 2 months ago
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