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Business & Finance

Petrobras goes on quest to slash costs and risks arising from deepwater drilling ops with technology

GA Drilling has entered into a technical cooperation program with Petrobras, targeting a revamp of the downhole drilling system.

about 2 years ago

Deepsea Stavanger semi-submersible rig; Source: Africa Energy

Business & Finance

TotalEnergies is calling it quits at multiple offshore blocks in South Africa with QatarEnergy joining exodus from two huge gas discoveries

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TotalEnergies has made up its mind to pull out of several blocks off the coast of South Africa after its partner in one of these blocks decided to do the same.

about 2 years ago

Business & Finance

European Commission okays €1.2 billion Spanish renewable hydrogen scheme

The European Commission has approved a €1.2 billion Spanish scheme to support investments in renewable hydrogen production.

about 2 years ago

Business & Finance

New milestone for Technip Energies, as it wraps up work on mega offshore oil project

Technip Energies has completed all its contractual obligations for the second phase of an offshore oil field in the Arabian Gulf, 30 km northwest of Abu Dhabi, UAE.

about 2 years ago

Ocean Apex rig; Source: Diamond Offshore

Business & Finance

Noble-Diamond Offshore merger process is off to a good start: Will it prompt further rig market consolidation moves?

With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.

about 2 years ago

Arabia I jack-up rig; Source: Borr Drilling

Business & Finance

Borr Drilling’s 22-strong rig fleet booked: Three jack-ups pick up gigs in Brazil, Malaysia, and Gabon

Borr Drilling has won a series of new contracts, extensions, and potential assignments for three premium jack-up rigs, covering 1,779 days and bringing $332 million in contract revenue, including mobilization and demobilization compensation.

about 2 years ago

Business & Finance

More offshore oil & gas acreage for Jadestone in Malaysian waters

Jadestone Energy has inked a small field asset (SFA) cluster PSC offshore Peninsular Malaysia with an affiliate of Petronas.

about 2 years ago

Business & Finance

Interview with Rovco CEO: New technologies can close huge offshore wind skills gap

New technologies have the ability to massively close the huge skills gap and shortage of workers that is looming over the offshore wind industry, allowing 10 to 17 times more work to be done by one person, according to Brian Allen, CEO of Rovco, a UK company focused on automating offshore wind servi

about 2 years ago

LNG terminal Illustration; Source: Aker Solutions

Business & Finance

‘Critical milestone’ for Scotland’s floating LNG import terminal as British firm wins engineering design job

Crown LNG Holdings has picked a partner for the design and engineering of its planned FSRU import terminal in Scotland’s Firth of Forth.

about 2 years ago

Fluxys’ Zeebrugge, Belgium regasification terminal; Source: ConocoPhillips

Business & Finance

ConocoPhillips secures multi-year LNG supply for Europe and Asia

ConocoPhillips has disclosed two long-term strategic agreements, enabling it to supply liquefied natural gas (LNG) to the European and Asian markets from 2027.

about 2 years ago

Business & Finance

With 58 new additions to its order book, GTT more than doubles net profit

GTT has disclosed its semi-annual results, identifying higher revenues as one of the reasons for a two-fold growth in net income.

about 2 years ago

Peregrino field off Brazil; Credit: Einar Aslaksen/Equinor

Business & Finance

Multi-year oil & gas drilling gig enables duo to expand their 16-year relationship in Brazil

Archer has got its hands on a new long-term platform drilling assignment with Equinor for platform drilling services off the coast of Brazil.

about 2 years ago

Business & Finance

UK firm to perform subsea inspections offshore Brazil

UK provider of remotely deployed subsea inspections TSC Subsea has secured a multi-year contract with an undisclosed operator to deliver subsea inspection of insulated flexible pipes in the pre-salt region offshore Brazil. Under the contract seen as “significant”, TSC Subsea is in charge of performi

about 2 years ago

Business & Finance

‘World-first electricity grid-scale wave energy device’ hits the water off Hawaii

Marine hydrokinetics pioneer Ocean Energy USA, a wholly owned subsidiary of Ocean Energy Group Ireland, has deployed what is said to be the world’s first electricity grid-scale wave energy device at the U.S. Navy’s test site in Hawaii. The 826-ton wave energy convertor buoy, the OE-35, was deployed

about 2 years ago