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Business & Finance

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Fossil EnergyFPSO & VesselsOil & GasBusiness Developments & ProjectsExploration & ProductionProject & TendersSubseaAmmoniaClean FuelHydrogenCollaborationOutlook & StrategyResearch & DevelopmentAuthorities & GovernmentRegulation & PolicyGreen MarineLow-Carbon TransitionShipbuildingTransitionVesselsRigsHuman CapitalOperations & MaintenanceRules & RegulationSafetyCarbon Capture Usage & StorageEnvironmentSurveys & InterventionsOffshore WindLNGMarket Outlooks
Abo FPSO; Source: BW Offshore
Business & Finance

Eni keeps BW Offshore FPSO busy off Nigeria

Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field offshore Nigeria.

about 3 years ago
The WND development is projected to be the second biggest project (production wise) in Egypt after the massive Zohr development; Source: WintershallDea/Credit: BP
Business & Finance

BP puts Subsea 7 in charge of gas tie-back project in Mediterranean Sea

BP has picked Subsea Integration Alliance for a two-well tie-back project in the large West Nile Delta (WND) development off Egypt.

about 3 years ago
Glenfarne and Samsung Engineering ally on hydrogen and ammonia projects
Business & Finance

Glenfarne and Samsung Engineering ally on hydrogen and ammonia projects

Glenfarne Energy Transition, a wholly owned subsidiary of Glenfarne Group, has announced the execution and launch of a collaboration agreement with Samsung Engineering, an EPC&PM company, to complete feasibility studies for multiple green hydrogen and ammonia projects in Chile as part of Glenfarne’s

about 3 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies cheers ‘important milestone’ towards sanctioning oil project off Angola

TotalEnergies has tucked a new milestone under its belt with the signing of a heads of agreement regarding the development project off Angola.

about 3 years ago
MMEGA design; Source: MISC Berhad
Business & Finance

MISC reveals ‘world’s first’ future-proof newbuild FPSO sporting mega-module topsides

MISC Berhad has unveiled – what it deems to be – the world’s first future-ready newbuild floating production storage and offloading vessel.

about 3 years ago
Safe Zephyrus; Source: Prosafe
Business & Finance

Third unit in Prosafe’s fleet starts work off Brazil

Prosafe has met its previously announced timeline for the start of operations of its third semi-submersible vessel offshore Brazil.

about 3 years ago
Valaris DS-12 drillship; Source: Valaris
Business & Finance

Valaris wraps up rig sale and gets more work for its fleet as offshore drilling market tightens

A deep dive into Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.

12 minutes read
Deepwater Titan drillship; Source: Transocean (video)
Business & Finance

Transocean sees recent rig deals as proof of ‘sustained upcycle’ in offshore drilling market

With “an outstanding quarter” now behind it, Transocean is looking forward to further growth in the offshore drilling market.

about 3 years ago
Statfjord B platform; Credit: Harald Pettersen/Equinor
Business & Finance

Probe into incident on North Sea platform underway after worker suffers ‘facial injuries’

Norwegian regulator has launched an investigation into an incident, which led to an injury, on an Equinor-operated platform in the North Sea.

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK politicians see collaboration with oil & gas sector as key to reaching net-zero

OEUK’s survey shows that the majority of MPs believe the UK can achieve its net-zero goals by collaborating with the oil and gas industry.

about 3 years ago
Rovco launches new business line
Business & Finance

Rovco launches new business line

Rovco has launched a new dedicated marine site characterization business line in order to, as the UK company states, help address an industry shortfall of companies with the all-round skills and expertise to carry out site consenting surveys before the construction of new offshore installations. The

about 3 years ago
Left to Right of Picture-Andy Cuniah, new EIC chairman, Hugh Saville, outgoing chairman, Stuart Broadley, EIC CEO; Source: Energy Industries Council (EIC)
Business & Finance

Energy Industries Council gets new chairman

As the current chairman is leaving the Energy Industries Council (EIC), a new one has been appointed to take his place.

about 3 years ago
Robust backlog drives Fugro's revenue increase
Business & Finance

Robust backlog drives Fugro’s revenue increase

Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up b

about 3 years ago
Illustration; Source: GlobalData
Business & Finance

Energy transition and geopolitics to ‘weigh heavily’ on oil & gas industry in 2023

GlobalData has revealed that geopolitics and energy transition are the most pressing themes for the oil and gas industry in 2023.

about 3 years ago
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