Business & Finance

Equinor to feed Dutch grid with low-emission Norwegian gas through 2031
Equinor has secured a multi-year deal to supply Eneco with roughly 0.9 billion cubic meters of Norwegian natural gas annually.

BW Energy locks down multimillion-dollar financing for offshore platform and production growth
The path from discovery to first oil is moving at a fast pace for BW Energy, which is laying the groundwork for its expansion offshore Gabon.

Murphy Oil notches dual exploration wins in West Africa and Asia alongside Vietnam and US Gulf start-ups
Murphy Oil has paired exploration and appraisal successes with new projects being put into production mode.

2002-built jack-up comes to Asian yard for MOPU conversion ahead of gas field deployment
A 24-year-old jack-up will undergo a rig-to-MOPU conversion before it embarks on its upcoming job at a gas development in Southeast Asia.

Seadrill scores big with new rig awards in Asia, Africa, and US Gulf
Seadrill has secured a sweeping slate of rig deals and extensions, pushing its contracted 2027 drillship capacity past the 85% mark.

Eni sheds partial stakes in Indonesian gas assets as Pertamina and Medco bolster portfolios
Eni’s divestment move follows multi-trillion-cubic-feet gas discoveries, giving two regional firms direct stakes in fast-tracked gas developments.

New wind for hydrogen-electric shipping as GMI-PowerCell collaboration expands to four bulk carriers
PowerCell’s new order to supply hydrogen fuel cell systems for two more GMI bulk carriers brings the total fleet order to four vessels.

AI, next-gen tech, and maritime decarbonization on RINA- China Merchants Energy Shipping pact’s agenda
The duo will explore AI-powered vessel operations, smart shipping, alternative fuels, and maritime decarbonization.

Ørsted expands offshore wind ROV fleet with third Saab electric subsea robot
Ørsted has turned to Saab UK for a third remotely operated vehicle (ROV) to scale up underwater capabilities across its offshore wind assets.

ADNOC broadens its Asian horizons with Gulf Group LNG deal
ADNOC has inked a multi-year agreement with Gulf Group to ship 2 million tonnes of liquefied natural gas (LNG) starting in 2027.

Shell and Equinor fuel $1.1 billion backlog uptick for Transocean
Transocean gets its hands on a North Sea contract for a semi-submersible with Shell and a final approval for three rigs from Equinor.

Shell to take a slice of Equinor's $10 billion oil project in Canada

SLB and TotalEnergies enter into 15-year digital drilling agreement

Yinson Production achieves industry-first non-Brazil FPSO project bond at $1.46 billion
Yinson Production has closed the largest FPSO project bond to date at $1.458 billion, marking the first-ever non-Brazil issuance for the asset class.