Business & Finance
Shell takes part in the next wave of Qatar’s LNG expansions
Qatar’s state-owned oil and gas company QatarEnergy has selected Shell as its second international partner in the North Field South (NFS) liquefied natural gas (LNG) expansion project, following the selection of TotalEnergies as the first international partner in the project. Under the partnership a
Borr Drilling bags new three-year contracts for five rigs
Offshore drilling contractor Borr Drilling has secured new three-year contracts for five jack-up drilling rigs in Mexico.
Norway records lower oil and gas output in September
Norway’s oil and gas production fell behind the NPD’s predictions in September 2022 and is lower than the figures from August.
SWS delivers Aframax dual-fuel tanker Proteus Iwona
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS) has delivered the second 109,000-dwt Aframax dual-fuel tanker Proteus Iwona to Bank of Communications Financial Leasing Co (BoComm). This vessel is the first 109,000-dwt Aframax dual-fuel tanker classed by the China Classification Society (C
Seadrill to offload stake in Bermuda-based firm
Seadrill has decided to sell its interests in Paratus Energy Services Limited to three existing shareholders of the Bermuda-based company.
UAE firm boosting subsea offering with purchase of 2014-built vessel
Safeen Offshore, part of AD Ports Group, is acquiring a new support vessel with the aim of enhancing its subsea service capabilities. The vessel, built in 2014, will operate under the name Safeen Surveyor and will undergo an extensive conversion, including the installation of an integrated dive syst
Havyard Group ASA becomes Eqva
Oslo-listed Havyard Group ASA has decided to change the company name to Eqva ASA to reflect its growth strategy and mark its transformation into a fully integrated service company. The company said that the name Eqva was formed by combining the letters “EQ”, the starting point of the words equal, eq
U.S. puts the wheels into motion to hold next Gulf of Mexico oil & gas lease sale
To comply with the Inflation Reduction Act, BOEM has taken steps to hold the next oil and gas lease sale for acreage in the Gulf of Mexico.
Hitachi Energy hands over North Sea Link
Hitachi Energy has handed over North Sea Link, the first power interconnector between Norway and the UK, to Norway’s Statnett and the UK’s National Grid. The 1,400 MW North Sea Link allows Norway to import wind power from the UK and the UK to import hydropower from Norway through a 720-kilometer HVD
SIMEC Atlantis management buyout creates Proteus Marine Renewables tidal outfit
SIMEC Atlantis Energy has agreed the sale of a majority stake in its Advanced Tidal Engineering and Services division (ATES), which resulted in the creation of a new tidal energy outfit Proteus Marine Renewables.
ExxonMobil books DOF Subsea vessels offshore Guyana
Norwegian DOF Subsea has secured a three-year contract for two multipurpose support construction vessels (MPSVs) with Esso Exploration & Production Guyana. DOF Subsea will perform inspection, maintenance, and repair (IMR), well-intervention support, and light subsea construction activities to suppor
DSME rides the LNG demand wave with two more orders in the bag
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract for the construction of two LNG carriers worth around $500 million (KRW 710 billion). Each vessel has secured a price of $250 million, a record vaue for local shipbuilders, Yonhap reports citing DSME. The LNG
Sempra and Bechtel conclude final $10.5 bln EPC deal for Port Arthur LNG
Sempra Infrastructure, a subsidiary of Sempra, and Bechtel Energy have amended and restated the fixed-price engineering, procurement and construction (EPC) contract for the proposed Phase 1 of the Port Arthur LNG project under development in Jefferson County, Texas. The amended contract includes an
First well in Black Sea drilling campaign uncovers multiple potential gas zones
The first well in Trillion’s 2022 – 2023 drilling campaign in the Black Sea has identified numerous potential gas zones on logging.