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Business & Finance

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Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling hit with legal action over rig termination deal

Dolphin Drilling is now facing legal action after ending a contract in Nigeria for a semi-submersible rig with Peak Petroleum Industries Nigeria Limited (Peak Petroleum).

about 2 years ago
Hands full for TGS in North Sea
Business & Finance

Hands full for TGS in North Sea

Oslo-headquartered TGS has secured an ocean bottom node (OBN) data acquisition contract in the North Sea for a repeat customer. The three-month proprietary OBN data acquisition is set to begin in the second quarter of 2024. TGS did not reveal any other information about the work scope or the contrac

about 2 years ago
COSL-owned NH9 rig was used to spud the Jade prospect; Source: Nevsky Shipyard
Business & Finance

Empyrean eyes drilling ops for big prospect off China in 2024

Empyrean Energy is setting the stage to drill a high-impact prospect next year in Block 29/11 offshore China.

about 2 years ago
Safe Concordia; Source: Prosafe
Business & Finance

Prosafe: With new vessel tenders on the horizon, tightening of supply on the cards

Oslo Stock Exchange-listed Prosafe is in high hopes over the upcoming tendering activity for 2025 and beyond, as the market tightens.

about 2 years ago
MODEC
Business & Finance

MODEC and Toray unveil FPSO and FSO repair technique

MODEC and Toray have pooled resources to develop a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on FPSOs and FSOs.

about 2 years ago
Oseberg field centre (for illustration purposes); Source: Harald Pettersen/ Equinor
Business & Finance

Norway’s gas production on the rise but oil still slightly below forecast

Norway saw a slight rise in oil production in November 2023 compared to the volume seen in October 2023 and last year.

about 2 years ago
EnQuest sells 15% interest in UK field and FPSO
Business & Finance

EnQuest sells 15% interest in UK field and FPSO

EnQuest has reached an agreement with Viaro Energy for the sale of a 15% working interest in a North Sea field and floating production, storage and offloading vessel (FPSO). EnQuest reported it had reached an agreement with Viaro Energy’s subsidiary RockRose UKCS 10 today, December 22, to sell a 15%

about 2 years ago
Reprocessed seismic data reveals 'promising chapter' for Black Sea gas field
Business & Finance

Reprocessed seismic data reveals ‘promising chapter’ for Black Sea gas field

Canadian oil and gas player Trillion Energy has completed 3D seismic reprocessing for a natural gas field in the Black Sea off Türkiye which is said to have shown significant implications for exploration potential. 3D seismic reprocessing has been completed for the SASB gas field and Trillion Energy

about 2 years ago
Strohm Manager Reusing existing pipelines for offshore hydrogen is the best solution, but...
Business & Finance

Strohm Manager: Reusing existing pipelines for offshore hydrogen is the best solution, but…

Reusing existing pipelines for offshore hydrogen is the best solution that can be used, however, this does come with certain challenges, according to Bart Steuten, Product Development Manager at Strohm, Dutch thermoplastic composite pipe (TCP) producer. During Strohm’s presentation at The Stage at t

about 2 years ago
Equinor exits Azerbaijan
Business & Finance

Equinor exits Azerbaijan

Equinor has signed an agreement with State Oil Company of Azerbaijan Republic (SOCAR) to divest all its remaining assets in Azerbaijan where it has been present since 1992. The assets comprise a 7.27% non-operated interest in the Azeri Chirag Gunashli (ACG) oil fields in the Azerbaijan sector of the

about 2 years ago
LNG carrier
Business & Finance

Capital Product Partners seals $3.1 billion acquisition of 11 LNG carriers amid strategic transformation

After its recently announced pivot towards the LNG shipping sector, New York-listed shipowner Capital Product Partners L.P. has closed the umbrella agreement initiated last November, paving the way for the acquisition of 11 newbuild liquefied natural gas carrier vessels. As reported by Offshore Ener

about 2 years ago
MAN ES compressors to replace another OEM's units at Equinor's platform
Business & Finance

MAN ES compressors to replace another OEM’s units at Equinor’s platform

Norwegian state-owned energy giant Equinor has selected MAN Energy Solutions to deliver compressor bundles that will replace units from another original equipment manufacturer (OEM) at a platform offshore Norway. MAN Energy Solutions will deliver a total of three compressor bundles and an additional

about 2 years ago
SEFE and Equinor forge gas and hydrogen ties
Business & Finance

SEFE and Equinor forge gas and hydrogen ties

German Securing Energy for Europe (SEFE) and Norway’s energy major Equinor have signed a long-term gas sales agreement, as well as a non-binding letter of intent (LoI) on large-scale hydrogen supplies. Under the gas sales agreement, Equinor will supply SEFE with 111 TWh (circa 10 bcm) of natural gas

about 2 years ago
With triple subsea win, DOF secures 'substantial backlog' in APAC region
Business & Finance

With triple subsea win, DOF secures ‘substantial backlog’ in APAC region

DOF Group has secured multiple subsea service contracts for one of its construction support vessels (CSVs) in the Asia Pacific region. Skandi Hercules has won three subsea service contracts with Australian-based operators for offshore execution in 2024. The contracts will add approximately six month

about 2 years ago
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