Business & Finance
ABB’s subsea technology wins accolade for saving power and cutting emissions
ABB has received a best practices award from consulting firm Frost & Sullivan that recognizes its subsea technology for saving power and cutting emissions for energy industries. ABB won Frost & Sullivan’s 2022 Best Practices Award for Global Oil and Gas Automation Technology Innovation Leadership fo
Austria’s OMV spuds large gas prospect in Norway
Austrian oil and gas company OMV has started drilling operations on the Oswig exploration well located in the North Sea offshore Norway.
Enbridge to invest in Woodfibre LNG
Canadian pipeline company Enbridge has signed a deal with Pacific Energy to jointly invest in the construction and operation of the Woodfibre LNG project.
AET’s new shuttle tanker ready to work for Petrobras
The third Suezmax DP2 shuttle tanker, purpose-built for a charter with Petrobras, is expected to start ops in Brazil in a few weeks, says AET.
UK firm seeking partner for ‘one of North Sea’s largest undeveloped oil projects’
Parkmead has launched a farm-out process to find a partner for the development of an oil project in the North Sea.
Argeo’s SeaRaptor AUV sails through ultra-deep waters
Argeo’s autonomous underwater vehicle (AUV) SeaRaptor Bravo has finished ultra deepwater survey work, thus completing necessary qualification requirements for the technology. Due to other project requirements for SeaRaptor Alpha, SeaRaptor Bravo completed the project, for which commencement was post
How things stand for Valaris rigs
A deep dive into Valaris fleet of rigs with details about latest contracts and extensions as well as other recent activities.
Sky-high profits for U.S. oil majors Exxon and Chevron
U.S. oil and gas majors Chevron and ExxonMobil both posted record profits for the second quarter of the year.
Golar LNG’s FLNG Hilli to increase production volumes
LNG shipping company Golar LNG’s FLNG Hilli customers have decided to exercise their option on additional volumes from the 2023 to 2026 period.
Shell books Stena rig for North Sea work
Offshore drilling contractor Stena Drilling has signed a new contract with oil major Shell in the UK for its drilling rig Stena Don.
Subsea 7 figures up in spite of offshore wind challenges
Subsea 7 has reported a revenue of $2.4 billion for the first half of 2022, an increase of $247 million or 11% compared to the first six months of 2021, driven by the Subsea and Conventional business unit and partly offset by lower revenue in the Renewables unit. Revenue of the Subsea and Convention
Jack-up rig getting ready for seven-well campaign in Black Sea
After wrapping up its previous job, a jack-up rig is preparing to embark on its 2022 – 2023 drilling campaign in the Black Sea off Turkiye.
Eni’s pursuit of deeper zones results in another ‘significant gas discovery’ off Abu Dhabi
Italian oil and gas company Eni has made another gas discovery in its first exploration well in waters offshore Abu Dhabi.
New campaign to keep SeaBird Exploration busy for 9 months
Green Energy Group (SeaBird Exploration) has received a letter of award for a 2D campaign in the Eastern Hemisphere with a duration of approximately nine months. According to Green Energy Group, the contract is expected to commence in September with rates reflective of an improving 2D market. The co