Business & Finance
Petrobras picks Shearwater for large deepwater OBN survey
Shearwater GeoServices has secured a contract to deliver a large deepwater ocean bottom node (OBN) survey over the Petrobras-operated Grand Iara Project offshore Brazil. The project includes the Berbigão, Sururu, and Shared Reservoir of Atapu in the Santos Basin. It is scheduled to start in the firs
SAFEEN inks fuel oil transport and storage deal with Amaan Baghdad
AD Ports Group’s SAFEEN Group and Amaan Baghdad Company have signed an agreement on fuel oil transport and storage from Khor Al Zubair and Umm Qasr oil terminals in Iraq. The project is an extension of SAFEEN Group’s portfolio of services into the oil and gas sector and is part of its ongoing expans
Macquarie Capital plans floating solar investment in Southeast Asia
Macquarie Capital has signed a letter of intent to invest in the development of floating solar projects in the Philippines through its portfolio company Blueleaf Energy.
Expro wraps up P&A of first Irish indigenous gas wells
UK-headquartered energy services provider Expro has completed the plug and abandonment (P&A) of Ireland’s first indigenous gas wells. Expro provided integrated subsea and well test services over a period of eight months to intervene, plug and abandon subsea wells from a mobile offshore drilling unit
Australia’s LNG exporters forecast to pay extra $9 billion to governments
Australia’s liquefied natural gas (LNG) exporters are set to almost triple their financial contribution to the public this financial year, according to new preliminary forecasts compiled by the Australian Petroleum Production & Exploration Association (APPEA). The exporters are forecasted to pay an
Equinor getting ready to spud North Sea well in December
Equinor has secured a drilling permit from the country’s authorities for an appraisal well in the North Sea off Norway.
Shell to invest in another deepwater project in Malaysia
Shell has taken a final investment decision on Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East deepwater development project in Malaysia.
‘A defining moment in the history of offshore drilling’ as Noble-Maersk merger closes
The business combination between Noble Corporation and Maersk Drilling has been completed, creating “a new and dynamic leader in offshore drilling.”
Valenciaport boosts investment in solar power
Spanish Valenciaport has approved the second photovoltaic plant project to be located on the Valencia Terminal Europa vehicle storage facility, in line with its target of becoming a zero-emission port by 2030.
New Brazilian assignment for Solstad vessel
Norwegian offshore vessel owner Solstad Offshore has been awarded a new contract offshore Brazil for one of its PSVs.
Sumitomo and LOTTE to jointly pursue hydrogen and ammonia projects
Japanese general trading company Sumitomo Corporation and South Korean chemical manufacturer LOTTE Chemical have agreed to collaborate on hydrogen and ammonia, accelerating efforts to achieve a decarbonised society in their respective countries. Sumitomo and LOTTE Chemical have signed a memorandum o
Nord Stream leaks stopped, damage assessment next on schedule
Gas leaks from the Nord Stream 1 and 2 pipelines in the Baltic Sea have stopped after stable pressure was achieved over the weekend, the Danish Energy Agency announced. A stable pressure was achieved on the Nord Stream 2 pipeline on Saturday, 1 October, indicating that the blowout of gas had been co
Reduction in gas demand puts Brazilian field into ‘temporary’ offline mode
Brazilian state-owned oil and gas player Petrobras has interrupted production at a field offshore Brazil due to a reduction in gas demand.
Petrofac takes over FPSO operatorship as part of ‘landmark’ decom deal off Australia
Petrofac has taken over the operatorship of a floating production, storage and offtake (FPSO) vessel on behalf of the Australian government.