Business & Finance

Shell ups its production ante with first oil from US Gulf project’s third chapter

Shell has tied new wells into an existing floating oil facility, boosting deepwater output in the U.S. Gulf of Mexico (Gulf of America).

Germany’s SEFE firms up two-decade-long offtake deal with Canadian LNG project

A binding 20-year agreement has enabled Germany’s SEFE to secure 1 mtpa of Canadian LNG starting in the early 2030s.

Sintana cuts early payout deal to tie up loose ends for Trinidad exit

Sintana is putting finishing touches on its departure from the Caribbean by accelerating deferred cash payments for the sale of its Trinidad business.

New gas pay for Chevron in Mediterranean waters

Chevron’s drilling activities in the Mediterranean have uncovered another gas-bearing interval, extending reservoirs initially discovered in 2022.

Saipem wins multimillion-dollar rig jobs with Eni in Mediterranean and West Africa

Saipem has picked up offshore drilling assignments with Eni off the coasts of Cyprus and Ghana, boosting fleet utilization for 2026 and 2027.

Woodside passes the baton for offshore gas project to Timor Gap in $200 million deal

Timor Gap is taking over the reins for a gas project in the Timor Sea from Woodside with completion of the takeover anticipated in H1 2027.

Go-ahead for North Sea wildcat clears path for Equinor’s drilling ops with COSL rig

Norwegian authorities have approved a new hydrocarbon exploration well, continuing the country's active drilling program.

Dolphin Drilling parts ways with 52-year-old rig and forges pact with SPM

Dolphin Drilling has sealed a deal to divest its 1974-built rig for up to $25 million and formed a strategic partnership with SPM.

Energy Drilling lines up 30-month job to keep its rig busy through 2030

Energy Drilling has secured a multimillion-dollar offshore drilling campaign in Southeast Asia for its 2013-built rig, ensuring work until decade-end.

Eni gets the ball rolling on execution of Mediterranean gas project

Eni has kicked off the execution phase of Cyprus's 3 trillion cubic feet (tcf) gas project, targeting first production by H1 2028.

Reach Subsea and Eidesvik's 2009-built IMR vessel delivered to new owners

Tight reservoirs on Equinor and Aker BP’s agenda amid Norway’s 2.8-billion-boe potential

Equinor and Aker BP have joined forces to unlock the recovery potential of tight oil and gas reservoirs on the Norwegian Continental Shelf (NCS).

Samsung Heavy Industries unveils Canada-tailored FLNG solution

SHI is streamlining LNG development with a standardized FLNG platform, while strengthening local partnerships across Canada's energy sector.

Seatrium rakes in millions with Keppel’s RigCo to revive four stranded rigs

Keppel’s RigCo has enlisted Seatrium to finish construction of four premium offshore rigs in a deal worth over S$500 million ($391 million).