Beach Energy has received the green light for a revised environment plan, entailing subsea installation and commissioning off Australia.
The oil and gas industry become a hotspot for multi-billion mergers and acquisitions in 2023 while hinting at further consolidation in the fossil fuel machinery.
Petrobras has kicked off production from an FPSO vessel at its giant oil field in the pre-salt area of the Santos Basin offshore Brazil.
Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.
Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.
Inpex has received a seal of approval for an environment plan (EP), covering pre-drill site surveys, and drilling and evaluation ops off the coast of Australia.
Woodside has submitted an environment plan (EP) for drilling and subsea installation activities off the coast of Australia.
EIG is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry.
Arabian Drilling has provided an update on the upgrades to its new offshore rigs, which have been hired for drilling ops by Aramco.
Vår Energi has completed the divestment of its entire interest in a field located in the Norwegian part of the North Sea to Petrolia NOCO (Petrolia).
Mermaid Maritime has entered into a facility agreement loan with SinoPac Capital International (HK) Limited to borrow up to $10 million.
Seatrium has secured early refinancing of S$400 million (more than $303.13 million) from DBS Bank Limited with an option to convert to a sustainability-linked loan.
The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online.
Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R
