Business & Finance

MDL and DOF Subsea return to Angola for SURF project
Back-deck equipment specialist Maritime Developments MDL has supported engineering and marine services company DOF Subsea with SURF work packages in Angola. The MDL spread consisted of a second-generation reel drive system, four-track 85Te pipelay tensioner and an overboarding chute. It was mobilise

With TotalEnergies deal all done, firm expands presence in ‘one of the largest gas hubs in the UK’
Kistos has entered the UKCS thanks to the acquisition of TotalEnergies’ stakes in several gas fields located West of Shetland.

Beach Energy picks ‘internal successor’ for CFO role
Australia’s oil and gas company Beach Energy has appointed its Acting Chief Financial Officer (CFO) to the CFO role, effective immediately.

Green hydrogen for up to 40 vessels — Norway invests in climate-friendly future
Striving to maintain its position as one of the leading sustainable shipping nations, Norway is investing heavily in hydrogen projects within the maritime sector.

Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.

Tellurian to buy natural gas assets in Haynesville Shale
U.S. LNG project developer Tellurian wants to purchase natural gas assets from privately held oil and gas company EnSight located in the Haynesville Shale.

WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years
With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.

Santos hires Worley for its carbon capture and storage project in Timor Sea
Santos has awarded a deal for its carbon capture and storage (CCS) project at a gas and condensate field in the Timor Sea to Worley.

Two oil & gas firms close long-anticipated deal for sale of stake in field off Nigeria
Panoro Energy has completed the sale of its interest in the Offshore Mining Lease no. 113 (OML 113) offshore Nigeria to Oslo-listed PetroNor.

Geophysical studies wanted for French offshore wind cable routes
France’s transmission system operator (TSO) Réseau de Transport d’Electricité (RTE) has issued a tender seeking a contractor to carry out offshore geophysical studies on submarine cable routes of offshore wind farms. RTE is looking to conduct geophysical surveys along the submarine cables, approxima

Potential delay looms over first oil from Gabon project due to rig availability
BW Energy has revealed that the first oil from its project off Gabon may be delayed due to a potential change in the rig’s schedule.

Recently converted MMA vessel ready for offshore wind work
MMA Offshore has added its first Taiwanese vessel to its fleet following the reflagging of the multipurpose vessel MMA Crystal. A subsea conversion program was completed on MMA Crystal, previously an anchor handling tug supply (AHTS), at the beginning of the year to support the offshore wind market

After getting its hands on Aban’s rig, Shelf Drilling changes its name
Following the delivery of a jack-up rig from India’s Aban, Shelf Drilling has renamed this latest addition to its fleet of offshore rigs.

Another Aban rig joins ADES fleet
India’s offshore drilling contractor Aban Offshore has closed the sale of another jack-up drilling rig to the UAE-based ADES International.