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Business & Finance

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Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Business & Finance

Chevron takes another shot at making Aphrodite rise from the sea with revised $4 billion plan for offshore gas development

Chevron has handed over an updated plan for the development of an offshore gas field reservoir in Block 12 to the government of Cyprus, which is located in the Eastern Basin of the Mediterranean Sea.

about 2 years ago
'Industry-first' DNV approval for Ocean Infinity's remote vessel operations
Business & Finance
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‘Industry-first’ DNV approval for remote vessel operations goes to Ocean Infinity

Houston-based marine robotics company Ocean Infinity has received DNV’s Statement of Compliance for the remotely supported operational concept for the Armada 78 fleet of offshore survey vessels. With this approval, Ocean Infinity said it had become the industry’s first organization to reach the requ

about 2 years ago
Bayu-Undan; Source: Santos
Business & Finance

Santos inks LNG supply deal and irons out details for new partner at gas field offshore Timor-Leste

Santos has signed a new mid-term LNG supply contract with Glencore and hammered out a deal for the divestment of a partial stake in an offshore gas project with TIMOR GAP.

about 2 years ago
ExxonMobil plans hydrogen and CCS facility in Texas
Business & Finance

ADNOC to acquire stake in ExxonMobil’s low-carbon hydrogen project in Texas

ADNOC and ExxonMobil have signed an agreement under which ADNOC will acquire a 35% equity stake in ExxonMobil’s low-carbon hydrogen and ammonia production facility in Baytown, Texas, U.S.

about 2 years ago
Ocean Courage rig; Source: Diamond Offshore
Business & Finance

Noble and Diamond Offshore tie the merger knot with time to spare harnessing favorable consolidation winds

Noble Corporation and Diamond Offshore have reached a merger process finale and set the seal on their business combination sooner than anticipated.

about 2 years ago
Dhirubhai Deepwater KG1 drillship; Source: Transocean
Business & Finance

Transocean’s 2009-built drillship lands 300-day deal offshore India

Transocean has picked up a multimillion-dollar contract for one of its drillships off the coast of India.

about 2 years ago
Six companies in the run for three CO2 storage licenses offshore Norway
Business & Finance

Six companies in the run for three CO2 storage licenses offshore Norway

The Norwegian Ministry of Energy has received applications from six companies for three CO2 storage areas on the Norwegian Continental Shelf (NCS) as part of the seventh call for CO2 storage in the area. Aker BP, Equinor Low Carbon Solutions, Harbour Energy Norge, Horisont Energi, Storegga Norge and

about 2 years ago
BP's Cassia platform offshore Trinidad and Tobago (for illustration purposes); Source: BP
Business & Finance

BP disposes of mature assets in Trinidad and Tobago to chase shallow water, deepwater, and cross-border gas opportunities

BP has sealed a deal to sell a package of four mature gas assets and undeveloped resources from one field to with Perenco.

about 2 years ago
Real urgency to protect subsea infrastructure as world not looking bright, Dutch say
Business & Finance

Real urgency to protect subsea infrastructure as world not looking bright, Dutch say

Subsea infrastructure is critical to the energy security in Europe and with the world not looking so bright there is a real urgency to get something going to protect this infrastructure, but the solution is not easy to find, panelists said at a discussion on seabed security organized by IRO, the Ass

about 2 years ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business & Finance

With clearance in hand, US player ready to push LNG export to non-FTA countries off the ground

New Fortress Energy (NFE) is all set to make a start on liquefied natural gas (LNG) export to non-free trade agreement (FTA) countries from its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.

about 2 years ago
VARD starts building another Prysmian cable-layer
Business & Finance

VARD starts building its third Prysmian cable-layer

Norwegian ship designer and shipbuilder VARD has kicked off the construction of its third cable-laying vessel (CLV) for Italian cabling giant Prysmian with a steel-cutting ceremony at its shipyard in Tulcea, Romania. According to VARD, the new vessel is the evolution of the Leonardo da Vinci / Monna

about 2 years ago
Illustration; Source: CNOOC
Business & Finance

Chinese giant gets oil production going at offshore field

China National Offshore Oil Corporation (CNOOC) has kicked off production operations at an oilfield development project off the coast of China.

about 2 years ago
Q5000; Source: Helix Energy Solutions
Business & Finance

Helix Energy Solutions stays with Shell in Gulf of Mexico

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a new multi-year contract with Shell Offshore Inc. to continue providing well intervention services in the U.S. Gulf of Mexico. As part of the contract set to start in 2025, Helix will provide an increased minimu

about 2 years ago
Marjan platform; Source: COOEC
Business & Finance

Saipem garners $1 billion for two oil & gas projects at Middle Eastern offshore field trio

Saipem has landed a new set of contract awards for work at oil and gas fields off the coast of Saudi Arabia, which the Saudi energy giant Aramco operates.

about 2 years ago