Business & Finance
ADNOC hands out $1.5 billion in new deals to progress mega gas project
ADNOC has awarded two engineering, procurement, and construction (contracts totalling $1.46 billion for the Dalma Gas Development Project.
Gate Energy targets Latin American market with new office in Mexico
Gate Energy has expanded its global footprint with a new office in Mexico City, hoping to use it as a springboard to increase its customer base by providing services for the onshore and offshore industry to the rest of the Latin American region.
Fresh deal with Dana to create new jobs at PD&MS in Aberdeen
PD&MS Group has secured a modifications contract with Dana Petroleum, which is expected to create up to 80 jobs at its Aberdeen base.
First Gulf of Mexico lease sale under Biden gathers over $191 million in high bids
The U.S. government agency BOEM has held an oil and gas lease sale for acreage in the Gulf of Mexico, cashing in more than $191 million in high bids.
Orbital Marine forms ‘game-changing’ partnership with TechnipFMC for tidal energy scale-up
Scottish company Orbital Marine Power has established a strategic partnership with one of the leading offshore energy players TechnipFMC to accelerate the global commercialisation of its pioneering tidal energy technology.
Aker Solutions’ subsea production system for Mero 4
Aker Solutions has secured a contract with Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil.
With Chapter 11 emergence in sight, Seadrill reveals new board members
Seadrill Limited has revealed its new board structure as the company is preparing to emerge from the Chapter 11 bankruptcy.
Sturgeon comes out against Cambo oil project as Scotland mulls joining alliance to end oil & gas use
Scotland’s First Minister, Nicola Sturgeon, has expressed her belief that the Cambo oil project off Shetland should not get the green light.
SBM Offshore to build its largest producing unit ever for ExxonMobil
SBM Offshore has been awarded contracts to perform FEED for an FPSO for the Yellowtail development project offshore Guyana.
SeaBird to stay in Asia Pacific
Cyprus-headquartered seismic firm SeaBird Exploration has received a letter of intent (LoI) for the extension of the ongoing 2D survey in the Asia Pacific region.
Climate policies should focus on demand as falling costs make new oil cheaper to produce, Rystad says
An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021.
Wave Swell Energy embarks on €1.6M capital raise
Australian wave energy company Wave Swell Energy (WSE) has launched a capital raising round of Au$2.5 million (€1.6 million) to fund a technology enhancement program under its Bluefire project.
California ports delay container dwell fees
Southern California ports in Long Beach and Los Angeles have decided to delay consideration of the container dwell fee directed at ocean carriers until 22 November.
CRP Subsea targets renewables with new manufacturing facility
CRP Subsea has made a large-scale investment in a new manufacturing facility to support its transition from primarily oil & gas into the renewables market.