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Business & Finance

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FPU Jangkrik; Source: Eni
Business & Finance

Two deepwater gas hubs on the Asian energy horizon as Eni unveils FIDs

Italy’s energy giant Eni has taken final investment decisions (FIDs) for two gas projects off the coast of Indonesia, Southeast Asia. The company expects these projects to strengthen not only domestic supply but also LNG exports, while leveraging existing infrastructure to accelerate time to market.

about 6 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

Path clear for Worley to advance second segment of LNG project on US Gulf Coast

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Australia’s engineering company Worley has been given the green light to move forward with all works related to the second phase of a liquefied natural gas (LNG) project in Louisiana, which will up the United States’ energy infrastructure ante.

about 6 months ago
FSO Palanca; Source: Stapem Offshore
Business & Finance

Trio enlarges their slices of two Angolan offshore blocks

Three players – the UK-headquartered and AIM-listed Afentra, Etablissements Maurel & Prom S.A. (M&P), and Angola’s national oil company Sonangol E&P – have signed off on the acquisition of the interest Etu Energias holds in two offshore blocks in this country on the western coast of Southern Africa.

about 6 months ago
Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment
Business & Finance

Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment

Saipem’s underwater inspection drone (UID) FlatFish has completed a test campaign with Brazil’s oil & gas major Petrobras as part of a contract awarded in 2023, ahead of deployment in a real offshore environment. The functional acceptance tests (FAT) were held at Saipem’s underwater drone testing fa

about 6 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business & Finance

First oil flows from Brazilian subsea tie-back project

Brazilian oil and gas company PRIO, formerly known as PetroRio, has brought online the first well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 6 months ago
Illustration; Source: Jadestone Energy
Business & Finance

Development of Southeast Asian gas discoveries is a go

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has confirmed the go-ahead for a field development plan covering gas discoveries off the coast of Vietnam, Southeast Asia.

about 6 months ago
Aker Solutions bags FEED contract for Lithuanian CO2 terminal
Business & Finance

Aker Solutions bags FEED contract for Lithuanian CO2 terminal

Lithuanian liquefied natural gas (LNG) terminal operator KN Energies has awarded Aker Solutions with a front-end engineering and design (FEED) contract for its CO2 transshipment terminal infrastructure project in Klaipėda. The planned terminal is expected to have a capacity of approximately 2.8 mill

about 6 months ago
Norway-made adaptive mooring technology pilot installed at Portuguese testing site
Business & Finance

Norway-made adaptive mooring technology pilot installed at Portuguese testing site

Oslo-headquartered Fred. Olsen 1848 has completed the pilot installation of automatic Tension Buoys at Europe’s first open-access laboratory dedicated to testing technologies for floating and hydro solar power generation, an adaptive mooring technology designed to ensure stability and performance fo

about 6 months ago
Noble Discoverer semi-submersible rig; Source: Noble via LinkedIn
Business & Finance

South American waters yield more gas: Petrobras makes new find in Colombia

Brazil’s state-owned energy giant Petrobras has boosted South America’s energy arsenal with a new gas discovery off the coast of Colombia.

about 6 months ago
An offshore rig
Business & Finance

More oil unearthed in Norwegian waters as Equinor strikes black gold again

Norwegian state-owned energy giant Equinor has unveiled a new oil discovery in the Barents Sea off the coast of Norway, which was drilled with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 6 months ago
Illustration; Source: Woodside
Business & Finance

Woodside promotes from within to fill CEO role

Australia’s energy giant Woodside has finished its hunt for a new Chief Executive Officer (CEO) by assigning this position to its Acting CEO.

about 6 months ago
Illustration; Source: Petrobras
Business & Finance

Baker Hughes lands five-year job with Petrobras in Brazil

U.S.-headquartered energy technology giant Baker Hughes has won a multi-year deal with Brazil’s state-owned energy giant Petrobras to support critical turbomachinery equipment for the South American country’s offshore and refinery operations.

about 6 months ago
Training simulator in the making for Jan De Nul’s Fleeming Jenkin
Business & Finance

Training simulator in the making for Jan De Nul’s Fleeming Jenkin

Jan De Nul has appointed the Dutch company Tree C Technology to develop a training simulator for its XL cable-laying vessel (CLV) Fleeming Jenkin. Jan De Nul placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard in October 2023, followed by an order for another identical vessel, named

about 6 months ago
PEL 87 location map; Source: Pancontinental
Business & Finance

Pancontinental picks up 12-month extension for Namibia’s Orange Basin permit

Pancontinental Orange, a subsidiary of Australia-based petroleum exploration player Pancontinental Energy, has secured a one-year extension of its license off the coast of Namibia.

about 6 months ago