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Oil & Gas

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Fossil EnergyBusiness & FinanceBusiness Developments & ProjectsClean FuelLiquefied Natural GasOther FuelsExploration & ProductionProject & TendersFPSO & VesselsRigsVesselsAuthorities & GovernmentRegulation & PolicyGreen Marine
FPSO for Bay du Nord oil project; Source: BW Offshore
Oil & Gas

BP exits $10 billion Canadian oil project, as Equinor consolidates ownership

Norwegian state-owned energy giant Equinor has made a move to become the sole owner of an oil development off the coast of Newfoundland and Labrador by acquiring the UK-headquartered BP’s stake in the Canadian project.

about 2 months ago
Maran Gas Achilles delivered the first LNG cargo supplied by Shell Eastern LNG for the commissioning of PV GAS’s Thi Vai LNG Terminal in July 2023; Source: PV Gas
Oil & Gas

Shell feeds Vietnam’s LNG appetite through deal with PV Gas

Petrovietnam Gas Joint Stock Corporation (PV Gas), a subsidiary of Vietnam’s state-owned national energy group Petrovietnam, has inked a liquefied natural gas (LNG) agreement with Shell Eastern Trading (Shell Eastern LNG), a wholly owned subsidiary of the UK-headquartered energy giant Shell.

about 2 months ago
FPSO Cidade de Itajai - Karoon
Oil & Gas

Rig-based well intervention brings Karoon higher oil production but also cost uptick

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has achieved a spike in oil output at an oil field off the coast of Brazil, thanks to well intervention activities, which led to higher costs than initially expected.

about 2 months ago
Hugin B sail-away; Source: Aker BP
Oil & Gas

North Sea platform topside making its way to final destination

Norway’s oil and gas player Aker BP has confirmed the sail-away of an offshore platform topside destined for its North Sea development on the Norwegian Continental Shelf (NCS).

about 2 months ago
FPSO for Eni's African offshore oil and gas project; Source: Wison New Energies
Oil & Gas

Chinese player picks up FPSO job for Eni’s African oil & gas project

China-based provider of clean energy services Wison New Energies (WNE) has confirmed a new deal with Italy’s energy giant Eni and Altera Infrastructure for a newbuild floating production, storage, and offloading (FPSO) vessel destined to be deployed at the next phase of an oil and gas development pr

about 2 months ago
LNG vessel at sea
Oil & Gas

ADNOC sets up global LNG marketing and trading platform

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has brought together liquefied natural gas (LNG) marketing activities of ADNOC Gas and XRG with ADNOC Trading into one integrated commercial platform, a move perceived to create one of the leading global LNG

about 2 months ago
MIP2 project offshore Saudi Arabia; Source: Subsea7
Oil & Gas

Seven OPEC+ countries up their oil output ante

While maintaining a cautious approach with flexibility to pause or reverse cuts, seven participating oil-producing OPEC+ countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman – have sealed a deal to adjust their production cuts to ensure the stability of oil markets.

about 2 months ago
Deepsea Mira rig; Source: Odjell Drilling
Oil & Gas

2018-built rig all done with Shell’s Namibian offshore drilling campaign

A 2018-built semi-submersible rig, owned by Northern Ocean and managed by Odfjell Drilling, has finished its drilling assignment with the UK-headquartered energy giant Shell off the coast of Namibia, Africa.

about 2 months ago
Baleine FPSO; Source Altera
Oil & Gas

Altera Infrastructure on FPSO duty for Eni’s West African oil & gas project

Italy’s energy giant Eni has tasked Altera Infrastructure with the provision of a newbuild floating production, storage, and offloading (FPSO) vessel for the next phase of its oil and gas development project off the coast of Côte d’Ivoire, West Africa.

about 2 months ago
Two workers on an offshore platform
Oil & Gas

ExxonMobil passes the baton for Australian oil & gas asset to Woodside

Australia’s oil and gas giant Woodside Energy has taken over the operator helm from the Australian subsidiary of U.S.-headquartered energy major ExxonMobil for assets situated off Victoria’s Gippsland coast.

about 2 months ago
AHTS Skandi Vega; Source: DOF
Oil & Gas

DOF’s 2010-built vessel staying longer with Equinor in Norwegian waters

Norway’s state-owned energy giant Equinor has prolonged an assignment, which is being carried out on the Norwegian Continental Shelf (NCS) by one of the anchor handling tug supply (AHTS) vessels owned by DOF Group, a compatriot operator of a fleet of advanced vessels for the energy and marine sector

about 2 months ago
Texas LNG; Source: Glenfarne
Oil & Gas

Texas LNG project’s momentum builds as Kiewit gets go-ahead for early work

Texas LNG Brownsville, part of Glenfarne Group, has given conditional authorization to Kiewit Energy Group (KOS), a construction and engineering services provider, for work on a liquefied natural gas (LNG) export project being developed in the Port of Brownsville, Texas.

about 2 months ago
FPSO Jotun; Source: Vår Energi
Oil & Gas

Vår Energi in the clear to fire up sixth chapter of North Sea oil project

Norway’s oil and gas player Vår Energi has received authorization from the country’s authorities to bring online another segment of an oil project in the North Sea off the coast of Norway.

about 2 months ago
Illustration; Courtesy of Svanehoj
Oil & Gas

Drydocks World hires Svanehoj for LNGC-to-FSU conversion job

Denmark-headquartered marine pumps and liquefied gas safety system specialist Svanehoj has received an order to supply LTD gauging systems for a liquefied natural gas (LNG) carrier (LNGC) to floating storage unit (FSU) (LNGC-to-FSU) revamp, strengthening its position in offshore LNG infrastructure a

about 2 months ago
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