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Business & Finance

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Illustration; Credit: Manfred Jarisch/Equinor
Business & Finance

Equinor sees downturn in oil & gas workers’ injury frequency

Equinor has provided safety results for the first quarter of 2024, reporting no serious well control incidents.

about 2 years ago
PXGEO buys UK subsea services company
Business & Finance

PXGEO buys UK subsea services company

Marine geophysical service provider PXGEO has acquired UK-based subsea services company Modus Subsea Services, boosting its autonomous subsea offering. Modus Subsea Services provides offshore life-of-field support services specializing in autonomous subsea operations using underwater intervention dr

about 2 years ago
Wheatstone LNG Plant at Ashburton North, Western Australia; Source: Chevron
Business & Finance

Chevron eyes drilling ops offshore Australia to look for more gas

Chevron has submitted an environment plan (EP) for exploration drilling to search and evaluate deep gas reservoirs off the coast of Australia.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling breaks off rig deal with Nigerian oil & gas firm

Dolphin Drilling has decided to end a rig contract with Lagos-based General Hydrocarbons Limited (GHL) due to payment issues.

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

Transocean anticipates more long-term rig deals over next few months

Transocean is looking forward to securing new assignments for its rig fleet, thanks to the high demand for offshore drilling services on the global oil and gas stage.

about 2 years ago
FPSO Baobab Ivoirien MV10; Source: Svenska
Business & Finance

US company adds ‘sizeable producing asset’ to its African oil portfolio with acquisition of Swedish company

Vaalco Energy has acquired Svenska Petroleum Exploration, enriching its asset portfolio with an offshore block in Côte d’Ivoire, West Africa.

about 2 years ago
Equinor, Aker BP and Vår Energi among applicants for Norwegian CO2 storage licenses
Business & Finance

Equinor, Aker BP and Vår Energi among applicants for Norwegian CO2 storage licenses

Eight companies have submitted their applications to the Norwegian Ministry of Energy for CO2 storage licenses for two areas on the Norwegian Continental Shelf (NCS). Aker BP, Equinor Low Carbon Solution, Lime Petroleum, Northern Lights JV, OMV (Norge), PGNiG Upstream Norway, Vår Energi and Wintersh

about 2 years ago
Shelf Drilling Fortress jack-up rig; Source: Shelf Drilling
Business & Finance

North Sea operator books Shelf Drilling rig for ops in UK waters

Shelf Drilling has won a new deal for one of its jack-up rigs for operations on the UK Continental Shelf (UKCS).

about 2 years ago
CO2 storage licenses in English Channel up for grabs
Business & Finance

CO2 storage licenses in English Channel up for grabs

UK regulator North Sea Transition Authority (NSTA) has launched a competitive process inviting applications for CO2 appraisal and storage licenses in an area of the English Channel. The licenses, for which the competitive process was opened on April 30, grant exclusive rights for the exploration and

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

UK’s political and fiscal regime hampers Deltic’s ability to fund its share of appraisal costs for North Sea discovery

Deltic Energy is still on the lookout for a farm-out partner to ensure that its share of costs will be secured for the appraisal of a gas discovery in the North Sea.

about 2 years ago
Time charter signing ceremony; Source: China Association of the National Shipbuilding Industry
Business & Finance

Chinese shipbuilder picks up two large LNG carrier orders

China’s Dalian Shipbuilding has signed a contract to build two 175,000 cubic meter large-scale LNG vessels for Ocean Jade Invested Limited.

about 2 years ago
More work for Sapura Energy with Petronas group of companies
Business & Finance

More work for Sapura Energy with Petronas group of companies

Malaysia-based Sapura Energy has secured a contract for the delivery of underwater services for the Petronas group of companies and petroleum arrangement contractors. Sapura Energy’s wholly-owned subsidiary Sapura Subsea Services has been awarded with a contract for the provision of Pan Malaysia und

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

QatarEnergy doles out $6 billion for 18 huge LNG vessels on historic fleet expansion mission

QatarEnergy is bolstering its giant liquefied natural gas (LNG) fleet expansion with a $6 billion deal for 18 ultra-modern QC-Max size LNG vessels.

about 2 years ago
Two contracts with Petrobras to bring over $192 million to DOF
Business & Finance

Two contracts with Petrobras to bring over $192 million to DOF

Norwegian vessel owner DOF Group has secured multiple contracts with Brazilian state-owned oil and gas giant Petrobras expected to generate revenue beyond $192 million. Following a competitive tender process, Petrobras awarded new long-term charter and service contracts to Norskan Offshore and DOF S

about 2 years ago
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