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Business & Finance

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Ocean BlackRhino drillship; Source: Diamond Offshore
Business & Finance

Diamond Offshore drillship fleet to sport managed pressure drilling systems by year-end

Diamond Offshore is working on bolstering the capabilities of its drillships by equipping them with a managed pressure drilling (MPD) system.

about 2 years ago
MPA Singapore
Business & Finance

Australia and Singapore working on low-emission technology projects

Australia’s national science agency CSIRO and the Maritime and Port Authority of Singapore (MPA) have issued a grant call for proposals for the Australia-Singapore Low-Emissions Technologies (ASLET) initiative.

about 2 years ago
Miami LNG; Source: New Fortress Energy
Business & Finance

Texas-based firm to become new owner of LNG export facility in Florida

Pennybacker has been revealed as the firm that made arrangements to acquire a liquefaction and storage facility in Miami from New Fortress Energy (NFE).

about 2 years ago
Norwegian seismic company TGS has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to collaborate on scientific research and technological development activ
Business & Finance

Busy period for TGS as it inks software license deal with Shell and two new contracts

Following the merger with compatriot PGS, Norwegian seismic company TGS is looking at a busy period ahead with two new contracts, one in Europe and one in North America, for offshore data acquisition. TGS secured a 45-day ultra-high resolution 3D (UHR3D) acquisition contract in Europe for an offshor

about 2 years ago
Akçakoca platform; Source: Trillion Energy
Business & Finance

Ongoing perforation ops at Black Sea field fuel hopes of higher gas flow rates offshore Türkiye

Encouraged by the current results of its well intervention program, Trillion Energy is anticipating an increase in gas flow rates from the wells at its natural gas field in the Black Sea.

about 2 years ago
FPSO Liza Destiny; Credit: SBM Offshore
Business & Finance

Guyana seeks intel on environmental impacts of ExxonMobil’s seventh oil project

Guyana’s Environmental Protection Agency needs further insights into the potential environmental impacts of ExxonMobil’s seventh oil project.

about 2 years ago
Germany grants €4.6 billion to 23 IPCEI hydrogen projects
Business & Finance

Germany grants €4.6 billion to 23 IPCEI hydrogen projects

German federal and state governments have granted €4.6 billion in funding to 23 hydrogen projects that are a part of the “infrastructure wave,” Hy2Infra, of the Important Projects of Common European Interest (IPCEI) Hydrogen program.

about 2 years ago
Environmental Defense Fund Europe (EDFE)
Business & Finance

EU’s first-ever methane clampdown regulation becoming law of the land

The EU has set standards in place to curb its methane footprint from the energy sector, with the historic legislation to slash methane emissions in Europe.

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

Italian firm on track to bring FSRU for its LNG terminal online next year

Italy’s Snam has disclosed that the work is going as planned, with the FSRU for its Ravenna LNG terminal scheduled to go online in Q1 2025.

about 2 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Business & Finance

As oil & gas player closes the book on Norwegian ops, rebranding coming soon for one opened in Southeast Asia

Longboat Energy has ended its oil and gas story in Norway by wrapping up the divestment of its assets and will focus on building a full-cycle E&P business in Southeast Asia.

about 2 years ago
Dutch cable logistics company expands with purchase of compatriot firm
Business & Finance

Dutch cable logistics company expands with purchase of compatriot firm

Dutch provider of solutions for transport, handling and storage of subsea cables WIND Group has acquired compatriot equipment engineering and manufacturing company Draftec. Founded in 2009, Draftec has grown into a specialized system integrator and manufacturer of custom-designed, multi-disciplinary

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

As ultra-deep well surpasses oil & gas target, another drilling ‘breakthrough’ pops up offshore China

CNOOC has celebrated the performance of its first ultra-deep well in Bohai Bay, alongside a new hydrocarbon discovery.

about 2 years ago
Allrig
Business & Finance

US firm scores two long-term gigs with ‘key’ drilling players in Golden Triangle area

Texas-based one-stop shop for asset management Allrig has won two new assignments with undisclosed drilling contractors in West Africa and Brazil.

about 2 years ago
Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG
Business & Finance

Samsung Heavy Industries books French player for work on Canada’s $4 billion FLNG project

GTT has picked up a new order from Samsung Heavy Industries, which will enable it to provide the tank design of a new FLNG unit, which will be deployed in the traditional territory of the Haisla Nation, on Canada’s West Coast.

about 2 years ago
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