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Business & Finance

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Netherlands to establish new offshore electricity bidding zone linked to planned interconnector
Business & Finance

Netherlands to establish new offshore electricity bidding zone linked to planned interconnector

The Netherlands will introduce a new offshore electricity bidding zone for wind farms that will be linked to the planned 1.8 GW LionLink hybrid interconnector, which will connect the Dutch and UK grids. The LionLink project was launched in April 2023 and is led by the countries’ transmission system

about 5 months ago
Ivar Aasen platform; Source: Aker BP
Business & Finance

First oil gushes out of North Sea project

Norwegian oil and gas player Aker BP has put into production mode its subsea tie-back project in the North Sea off the coast of Norway.

about 5 months ago
BW MaBoMo; Source: BW Energy
Business & Finance

25‑year licence extension opens doors to output and investment boost at BW Energy’s asset

Oslo-listed oil and gas E&P player BW Energy has secured a multi-year licence extension for its core producing asset off the coast of Gabon, Africa.

about 5 months ago
Paul B. Loyd Jr. rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling lines up new gig to keep its rig busy until August 2030

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has secured a potential long-term assignment for one of its semi-submersible rigs.

about 5 months ago
Hunting gets $63.5 million of subsea orders for new development off Guyana
Business & Finance

Hunting gets $63.5 million of subsea orders for new development off Guyana

London-headquartered energy services provider Hunting has received subsea orders totalling $63.5 million for a new offshore development in Guyana. The award covers the delivery of Hunting‘s titanium stress joint (TSJ) product line, used on floating production, storage and offloading (FPSO) vessels,

about 5 months ago
Valaris DS-4 drillship; Source: Valaris
Business & Finance

Petrobras expands Valaris drillship’s stay in Brazil

Bermuda-incorporated offshore drilling contractor Valaris has secured more drilling work for one of its drillships off the coast of Brazil with the country’s state-owned energy giant Petrobras.

about 5 months ago
Illustration; Source: Oil & Natural Gas Corporation (ONGC)
Business & Finance

Ten workers suffer injuries as fire breaks out at Asian offshore oil platform

India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has reported a fire at an offshore platform. The incident left multiple workers injured.

about 5 months ago
West Polaris drillship; Source: Seadrill
Business & Finance

Seadrill’s drillship staying 1,095 days longer with Petrobras

Brazil’s state-owned energy giant Petrobras has prolonged a drilling assignment that an ultra-deepwater drillship is carrying out in the South American country.

about 5 months ago
Wave-Op is working on the Dike Wave Energy (Dikwe) project in the port of Boulogne-sur-Mer; Source: Fimetal
Business & Finance

Construction continues for French full-scale wave energy demonstrator

Wave-Op, a joint venture between the Legendre Group and Geps Techno dedicated to innovation in coastal and port infrastructure, is progressing the construction of its first full-scale demonstrator for what it describes as a unique wave-powered system, combining coastal protection and renewable elect

about 5 months ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business & Finance

EXIM rubber-stamps over $2 billion for US LNG export to Egypt

The Export-Import Bank of the United States (EXIM), the United States government’s official export credit agency that supports American jobs by facilitating U.S. exports, has given the go-ahead for an export credit insurance authorization of more than $2 billion to send U.S. liquefied natural gas (L

about 5 months ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business & Finance

Asian multi-well drilling campaign bumped to May

A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026.

about 5 months ago
Arcius Energy signed the Harmattan scope execution contract with its partners, PhPC and ENPPI, witnessed by its CEO, Egyptian Natural Gas Holding Company (EGAS), BP and XRG, underscoring strong collab
Business & Finance

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC’s XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt.

about 6 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil

Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two ultra-deepwater drillships off the coast of Brazil.

about 6 months ago
SSV Victoria rig; Source: Ventura Offshore
Business & Finance

Ventura Offshore scores multimillion-dollar rig extensions with Petrobras

Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling playe

about 6 months ago
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