Business & Finance

Rig incident: 110 rescued, 5 still missing after Borr Drilling’s jack-up sinks off Gabon coast

The search is ongoing for offshore workers, who remain unaccounted for following a punch-through incident at a 2014-built rig offshore Gabon.

Yinson Production, PTSC cheer FSO’s first oil at Southeast Asian project

Yinson Production and PTSC have achieved first oil ahead of schedule at a floating storage and offloading (FSO) vessel deployed offshore Vietnam.

DOF opts to sell 2018-built subsea vessel as attractive offer emerges

Natural gas discovery springs up in India’s shallow waters

Oil India has found natural gas in the Krishna-Godavari Basin's shallow waters, augmenting India’s hydrocarbon arsenal.

Prima Energy widens Southeast Asian footprint with stake in Jadestone

Prima Energy has expanded its regional footprint with the strategic acquisition of an interest in Jadestone Energy.

Eni, PTTEP forge JV to consolidate stakes in ADNOC’s giant offshore sour gas asset

PTTEP and Eni have created Seela Energies to streamline operations and combine their stakes in an ADNOC-operated concession off the coast of the UAE.

Cheniere to fuel QatarEnergy with US Gulf Coast LNG through 2054

The multi-decade deal enables Cheniere to supply QatarEnergy with 4 million tonnes a year from its Gulf Coast facilities, starting in the early 2030s.

FEED job for Barents Sea FPSO topsides goes to Aibel

Equinor has booked Aibel for its oil project's topsides engineering study as partners eye a concept selection by late 2026.

Nexans, Red Eléctrica to tie Mallorca and Menorca closer with new Balearic power link

Nexans and Red Eléctrica are future-proofing the Balearic Islands' power grid with a strategic new Mallorca-Menorca interconnection.

EnerMech takes on ‘major’ UK CCS gig but keeps project details under wraps

EnerMech has revealed a new carbon capture and storage (CCS) job in the UK, though project details and the operator remain undisclosed.

DOF cements its spot on Africa’s subsea stage with multimillion-dollar vessel job

DOF Group has won a new subsea installation contract in Africa, locking in 100 days of work for its 2008-built vessel in early 2027.

OneSubsea and oil & gas giants are unlocking deeper waters with all-electric subsea tech

Out with hydraulics, in with electric: OneSubsea, TotalEnergies, Equinor, BP, and Chevron have tested all-electric tech at depths up to 3,000 meters.

$6 billion deepwater oil project crosses 50% mark as Angolan partners track subsea gear’s buildout progress

TotalEnergies, Petronas, Sonangol, and ANPG have inspected the manufacturing progress of subsea equipment at OneSubsea’s facility.

Over 500 piles lay the foundation for Poland’s floating LNG terminal (Gallery)

Poland has hit a new milestone in its energy independence journey, completing the foundational piling for the new FSRU terminal in Gdańsk.