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Business & Finance

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Platinum Explorer drillship; Source: Vantage Drilling
Business & Finance

Vantage Drilling’s 2010-built drillship lines up multi-year gig in India

Vantage Drilling International, a Bermuda-exempted offshore drilling contractor, has landed a long-term assignment for its 16-year-old drillship off the coast of India with the country’s state-owned energy giant ONGC.

about 7 months ago
Transocean Equinox rig; Source: Transocean
Business & Finance

‘Disappointing’ well results not halting gas search offshore Australia

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Amplitude Energy, an Australian gas production company focused on supplying the Southeast domestic gas market, has shed light on the results of drilling operations at an exploration well in the Otway Basin offshore Victoria, Australia.

about 7 months ago
Seatrium’s affiliate pursuing arbitration against Petrobras over FPSO deal
Business & Finance

Seatrium’s affiliate pursuing arbitration against Petrobras over FPSO deal

Jurong Shipyard (JSPL), a wholly-owned subsidiary of Seatrium, a Singapore-headquartered provider of offshore, marine, and energy solutions, has initiated arbitration proceedings against Petrobras Netherlands (PNBV), a subsidiary of Brazil’s energy giant Petrobras.

about 7 months ago
Singapore-based project to tackle one of energy transition’s ‘hardest engineering challenges’
Business & Finance

Singapore-based project to tackle one of energy transition’s ‘hardest engineering challenges’

A new industry-academia research collaboration project, led by the National University of Singapore’s Centre for Hydrogen Innovations (CHI), has been launched with a focus on the development of next-generation ammonia-fuelled marine engines with near-zero emissions to help in speeding up the decarbo

about 7 months ago
AH Skandi Skansen; Source: DOF Group
Business & Finance

More work in North Sea and Australia for DOF vessel duo

Norwegian vessel owner DOF Group has secured a new deal in the North Sea for an anchor handling (AH) vessel and prolonged an existing assignment for a platform supply vessel (PSV) off the coast of Australia.

about 7 months ago
Worley
Business & Finance

Worley picks up job for CO2 LNG sequestration project in Middle East

Australia’s engineering company Worley has secured an assignment at a carbon dioxide (CO2) LNG sequestration project in Qatar, which is run by the Persian Gulf state’s oil and gas giant QatarEnergy.

about 7 months ago
Four tidal energy projects secure contracts in UK’s record CfD auction
Business & Finance

Four tidal energy projects secure contracts in UK’s record CfD auction

The UK government has awarded a record 14.7 GW of renewable energy capacity in the Contracts for Difference (CfD) Allocation Round 7 (AR7), its largest CfD round ever in capacity, with tidal stream securing 20.9 MW across four projects. On January 14, the UK government announced the award of 8.4 GW

about 7 months ago
An offshore rig
Business & Finance

Rig search ongoing to get Southeast Asian gas drilling project back on track

UK-based and AIM-listed Sunda Energy, formerly Baron Oil, is setting the stage to undertake its planned drilling campaign on a gas field off the coast of Timor-Leste, Southeast Asia.

about 7 months ago
Illustration; Source: Petronas
Business & Finance

New moves reinforce Sabah’s role as energy growth hub in Malaysian waters

Petronas Carigali, Malaysia’s state-owned oil and gas heavyweight Petronas, has taken steps to divest a partial stake to SMJ Energy (SMJE), a company wholly-owned by the Sabah state government, in a production sharing contract (PSC) for fields in shallow waters off the coast of Sabah, offshore of Ea

about 7 months ago
Chevron selects Subsea7 for Mediterranean offshore work planned in 2028
Business & Finance

Chevron selects Subsea7 for Mediterranean offshore work planned in 2028

U.S. oil & gas company Chevron has awarded Subsea7 with yet another contract, this time for subsea installation activities in the Mediterranean Sea. Subsea7 reported on February 9 that it had been tasked with the transport and installation of approximately 17 kilometers of subsea flowlines and umbil

about 7 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs

Transocean has made a multibillion-dollar merger move on Valaris to breathe life into a combined company with a diversified offshore fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semi-submersibles, and 31 modern jack-ups, to meet emerging growth opportunities.

about 7 months ago
Nauticus Robotics secures up to $50M financing for UAE expansion
Business & Finance

Nauticus Robotics secures up to $50M financing for UAE expansion

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has secured an investment of up to $50 million to establish an autonomous robotics manufacturing and offshore services hub in the UAE. Nauticus Robotics has signed an agreement for a strategic investment of up t

about 7 months ago
Clair Ridge platform; Source: BP
Business & Finance

Major oil & gas operators facing 48-hour strike across multiple UK offshore assets

With more than 400 offshore members employed by Bilfinger UK poised to embark on industrial action due to a dispute over pensions, operators including BP, CNR, Ineos, Ithaca, and TAQA will experience a two-day stoppage at dozens of offshore installations on the UK Continental Shelf (UKCS) next week.

about 7 months ago
FLNG Nguya; Source: Eni
Business & Finance

WATCH: Eni commends LNG cargo debut from African FLNG project

Italy’s energy giant Eni has commemorated the inaugural liquefied natural gas (LNG) shipment from the second phase of its LNG project off the coast of Congo, Africa.

about 7 months ago