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Business & Finance

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MOL to merge three companies into technical hub for driving maritime decarbonization
Business & Finance

MOL to merge three companies into technical hub for driving maritime decarbonization

Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed the decision to merge three group subsidiaries responsible for maritime technology and engineering to form a technical hub that will aid the maritime industry on the decarbonization path. Namely, MOL Marine & Engineering (MOLMEC), MOL Oc

about 2 years ago
Ramform Hyperion seismic acquisition vessel; Source: TGS
Business & Finance

TGS has a hand in Malaysia’s oil & gas discovery, enhances Norwegian exploration ops, and wins another gig in Southern Atlantic

TGS has assisted in enabling Petronas, a Malaysian state-owned energy giant, to uncover a new oil and gas discovery. The company also wrapped up its assignment to advance exploration efforts in the Norwegian Sea. In addition, TGS has landed a new deal in the Southern Atlantic.

about 2 years ago
Illustration; Source: Koil Energy Solutions
Business & Finance

US subsea player picks up work at offshore oil & gas platform

Koil Energy Solutions, formerly known as Deep Down, has landed a new deal it deems to be significant, which will enable it to provide maintenance services at an undisclosed oil and gas platform.

about 2 years ago
Enbridge has secured a deal with BP to construct and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico.
Business & Finance

Canadian firm lines up oil & gas pipeline pair for BP’s Gulf of Mexico project

Canadian pipeline and energy company Enbridge has secured a deal with the UK-based energy giant BP to construct and operate crude oil and natural gas pipelines for the oil major’s recently sanctioned deepwater development in the U.S. Gulf of Mexico. The pipeline system duo is expected to be operatio

about 2 years ago
Development Driller III rig; Source: Ecopetrol
Business & Finance

Petrobras: Evaluation of gas discoveries’ commercial viability needed offshore Colombia

Petrobras has confirmed that the two discoveries in the Guajira Offshore Basin have raised the gas potential in the basin off the coast of Colombia to approximately 6 trillion cubic feet (tcf).

about 2 years ago
NAGA 2 jack-up rig; Source: Velesto
Business & Finance

SLB and Velesto go in hot pursuit of rig performance optimization

SLB has joined forces with Velesto Drilling, a subsidiary of Malaysia-based Velesto Energy, to take rig capabilities to a new level by employing digital tools to enhance drilling performance.

about 2 years ago
A view of pipes seemingly located offshore at sunset
Business & Finance

Eni recommits to slashing emissions in its first methane report

Italy’s energy giant Eni has published its first report dealing with methane emissions aiming to reaffirm its promise to reduce methane slip and increase transparency.

about 2 years ago
FPSO Agogo; Source: Yinson Production
Business & Finance

WATCH: BP-Eni JV and Yinson Production cheer ‘major’ progress for Angola-bound FPSO

Yinson Production has tucked a new milestone under its belt for floating, production, storage, and offloading (FPSO) vessel, which is destined to work off the coast of Angola for Angola-headquartered Azule Energy, a joint venture between BP and Eni.

about 2 years ago
Deepsea Bollsta rig; Source: Northern Ocean
Business & Finance

2020-built rig going to Ghana for well appraisal ops before embarking on drilling gig in Namibia

Northern Ocean has secured a new short-term job off the coast of Ghana for a semi-submersible rig, which recently finished its long-term assignment with the UK-headquartered Shell and has work lined up for the fourth quarter of 2024 offshore Namibia with an undisclosed operator.

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Appraisal activities with Odfjell Drilling’s rig shed more light on gas discovery

Aker BP has used one of Odfjell Drilling’s semi-submersible rigs to delineate a two-year-old gas discovery in the Norwegian Sea and will contemplate a subsea tie-back to existing infrastructure as a development option.

about 2 years ago
AHTS Normand Prosper; Source: Solstad Offshore
Business & Finance

Solstad enriches its green shipping quest with renewable fuel as biodiesel-powered vessel puts rig’s mooring spread in place

Solstad Offshore has embraced another decarbonization tool to expand its zero-emission shipping toolbox by turning to renewable biodiesel (HVO) to bunker an anchor handling tug supply (AHTS) vessel before it embarked on its assignment related to a semi-submersible rig off the coast of Norway.

about 2 years ago
McDermott to deliver pipelines and cables for QatarEnergy's natural gas field expansion project
Business & Finance

McDermott in charge of all offshore infrastructure for Qatar’s ‘massive’ natural gas field expansion project

U.S. offshore engineering and construction firm McDermott has secured an engineering, procurement, construction and installation (EPCI) contract for pipelines and cables with Qatar’s state-owned oil and gas company QatarEnergy for the expansion of the 1971-discovered North Field. The contract for th

about 2 years ago
An illustration of a vessel linked to subsea infrastructure
Business & Finance

Santos’ LNG helping TotalEnergies decarbonize Asia

Australia’s energy giant Santos has penned a deal with TotalEnergies Gas & Power Asia Private Limited, a subsidiary of France’s TotalEnergies, to deliver shipments of liquefied natural gas (LNG) on a mid-term basis.

about 2 years ago
Mermaid Subsea ahead of schedule with 'major' decommissioning campaign for Shell
Business & Finance

Mermaid Subsea ahead of schedule with ‘major’ decommissioning campaign for Shell

Mermaid Subsea Services (UK) has ahead of schedule wrapped up the first phase of what it says is a major North Sea decommissioning contract for Shell UK. Mermaid announced in June that it had been awarded an engineering, preparation, removal and disposal (EPRD) well head severance (WHS) contract by

about 2 years ago
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