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Business & Finance

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Petronas and PTTEP ink multiple deals for Malaysian offshore blocks
Business & Finance

Petronas and PTTEP ink multiple deals for Malaysian offshore blocks

Petronas Carigali, a wholly-owned subsidiary of Malaysia’s state-owned energy giant Petronas, has signed multiple agreements with Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) related to the development of two blocks offshore Malaysia. Petronas Carigali and PTTEP sig

about 2 years ago
PXGEO gets access to 'core technology' with acquisition of geophysical company
Business & Finance

PXGEO gets access to ‘core technology’ with acquisition of geophysical company

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Marine geophysical service provider PXGEO has acquired 100% of the share capital of Oslo-headquartered AmpSeis, a geophysical company said to have developed an advanced ocean bottom node (OBN). PXGEO said that the acquisition of AmpSeis is a step forward in its strategy to be the technology leader i

about 2 years ago
Australia’s $2 billion Hydrogen Headstart program reaches new stage
Business & Finance

Australia’s $2 billion Hydrogen Headstart program reaches new stage

On behalf of the Australian government, the Australian Renewable Energy Agency (ARENA) has revealed that six applicants have been shortlisted and invited to submit a full application in the next stage of the $2 billion Hydrogen Headstart program. The applicants include: Together, the applicants are

about 2 years ago
JERA agrees to support adoption of LNG in the Philippines
Business & Finance

JERA agrees to support adoption of LNG in the Philippines

Japanese energy company JERA has signed an agreement with the Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS) for system design and other support related to the adoption of LNG in the Philippines. The agreement follows the selection of JERA as the contracted party

about 2 years ago
Singaporean firm enters West African field, plans redevelopment
Business & Finance

Singaporean firm enters West African field, reveals redevelopment plans

Akrake Petroleum, a joint venture company of Singapore’s Rex International Holding, has signed a production sharing contract (PSC) for operatorship and a working interest in a field offshore West Africa. The plans include redeveloping the field and restarting production. Akrake Petroleum, a wholly-o

about 2 years ago
Enauta makes another purchase offshore Brazil
Business & Finance

Enauta makes another purchase offshore Brazil

Brazilian oil and gas player Enauta has signed a contract with QatarEnergy Brasil for the acquisition of a stake in oil fields located in the Campos Basin for $150 million. Enauta reported that it was set to acquire the entire 23% stake held by QatarEnergy Brasil in the oil fields of Abalone, Ostra

about 2 years ago
West Polaris drillship; Source: Seadrill
Business & Finance

Two Seadrill drillships pick up $1.1 billion for work in Brazil

Seadrill has found long-term assignments for two drillships with Brazil’s state-owned oil and gas giant, Petrobras.

about 2 years ago
Petrobras
Business & Finance

Petrobras kicks off drilling ops in Brazilian Equatorial Margin

Petrobras has embarked on drilling operations at a well, which marks the resumption of the company’s search for oil and gas in the Equatorial Margin.

about 2 years ago
Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corporation
Business & Finance

Noble rig clinches South American drilling gig with Petrobras

Noble Corporation has added more work to the backlog of one of its semi-submersible rigs offshore Colombia, South America.

about 2 years ago
Chinese heavy lift pipelay vessel completes sea trial
Business & Finance

Chinese heavy lift pipelay vessel completes sea trial

The 216-meter-long heavy lift pipelay vessel JSD 6000, designed by Ulstein and built at the ZPMC shipyard in China, has completed its sea trial and has returned to the ZPMC Changxing Base. The completed sea trial includes the testing of the marine equipment, while the sea trial to test the mission e

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

500-day assignment in UK lands on Dolphin Drilling rig’s worklist

Dolphin Drilling has inked a letter of intent (LOI) for a long-term drilling program, enabling one of its semi-submersible rigs to carry operations in the UK with an undisclosed operator.

about 2 years ago
Solstad buys 2010-built CSV at 'attractive terms'
Business & Finance

Solstad buys 2010-built CSV at ‘attractive terms’

Solstad Offshore has exercised its option to purchase a construction support vessel (CSV) from Norwegian Mpsv at what it finds are attractive terms. The vessel Normand Tonjer was sold to Mpsv for a gross amount of $10 million in 2021 and leased back on a bareboat agreement for a firm three-year peri

about 2 years ago
EU backs project to advance wave energy with €4 million grant
Business & Finance

EU backs project to advance wave energy with €4 million grant

The European Union has awarded a €4 million grant to a project aimed at harnessing the untapped potential of wave energy. The SHY Project (Seawater HYdraulic PTO using dynamic passive controller for wave energy converters), a collaborative initiative dedicated to advancing wave energy, received the

about 2 years ago
Euronav
Business & Finance

Euronav to acquire CMB.TECH for $1.25 billion

Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversificati

about 2 years ago