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Oil & Gas

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Fossil EnergyBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionClean FuelLiquefied Natural GasOther FuelsProject & TendersFPSO & VesselsVesselsMarket OutlooksOutlook & StrategyPipesSubseaInfrastructureRigsAuthorities & GovernmentRegulation & Policy
Two men standing on the coast at sunset with one of them pointing at an offshore rig
Oil & Gas

Two hydrocarbon discoveries enrich Petronas’ oil & gas arsenal in South America

Petronas Suriname E&P, a wholly-owned subsidiary of Malaysia’s state-owned oil and gas heavyweight Petronas, has confirmed two discoveries and a successful appraisal activity in Block 52 off the coast of Suriname.

about 3 months ago
Gjøa platform
Oil & Gas

Gas discovery edges closer to development with Equinor-Vår Energi asset swap

As operators embark on portfolio optimization quests, a series of asset exchanges is reshaping the Norwegian Continental Shelf (NCS), with the latest such move coming from Norway’s state-owned energy giant Equinor and its compatriot Vår Energi, which have agreed to a swap of offshore oil and gas ass

about 3 months ago
Latest multi-year deal extends Nigeria LNG's two-decade collaboration with Baker Hughes; Source: Baker Hughes
Oil & Gas

13-year deal keeps Baker Hughes busy at African LNG expansion project

U.S.-headquartered energy technology giant Baker Hughes has secured a multi-year assignment at a liquefied natural gas (LNG) expansion project in Nigeria, Africa.

about 3 months ago
FPSO Cidade de Niteroi MV18; Source: MODEC
Oil & Gas

MODEC’s FPSO reaches recycling yard after finishing Brazilian assignment

Japan’s MODEC has confirmed the arrival of a floating production, storage, and offloading (FPSO) vessel at a ship recycling facility in Denmark, following the completion of the unit’s work at an oil field off the coast of Brazil.

about 3 months ago
Prelude FLNG; Source: Shell
Oil & Gas

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
Trion development concept; Source: Woodside
Oil & Gas

SBM Offshore puts $465 million financing in place for Gulf of Mexico-destined FSO

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has secured multimillion-dollar financing for a newbuild floating storage and offloading (FSO) unit, which will be deployed at a deepwater oil project off the coast of

about 3 months ago
Eni and BP order Vallourec’s pipe for Angolan waters
Oil & Gas

Eni and BP order Vallourec’s pipe for Angolan waters

French provider of tubular solutions Vallourec has won a contract with Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, to deliver pipes for an ultra-deepwater development in Angola. Vallourec will supply over 26,000 tons of seamless carbon steel line pipes, representing approximat

about 3 months ago
Sabratha platform; Source: Mellitah Oil & Gas
Oil & Gas

Gas boost offshore Libya as Eni and NOC’s project comes online

Mellitah Oil & Gas, a joint venture (JV) between Italy’s energy giant Eni and the Libyan National Oil Corporation (NOC), has fortified Libya’s gas production with the start-up of an offshore compression project.

about 3 months ago
Fast4Ward FPSO design; Source: SBM Offshore
Oil & Gas

SBM Offshore places order for 13th multi-purpose floater hull to bolster its FPSO fleet

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has signed off on the construction of its seventh generic Fast4Ward multi-purpose floater (MPF7) hull with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuildin

about 3 months ago
Atlantic Zonda drillship; Source: Pelago Management
Oil & Gas

Vantage and Eldorado merger births ‘enhanced’ offshore drilling player

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has wrapped up its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, establishing what it describes as a scalable offshore drilling platform with “enh

about 3 months ago
Illustration; Source: Santos
Oil & Gas

Santos seals ten-year gas supply deal

Australia’s energy player Santos has ironed out a decade-long gas supply agreement with the South Australian government.

about 3 months ago
Illustration; Source Shell
Oil & Gas

Shell puts Chiyoda on support duty for potential upcoming projects

Shell Global Solutions International, a subsidiary of the UK-headquartered energy giant Shell, has hired Japan’s engineering player Chiyoda Corporation to handle engineering and procurement work for its potential future projects around the globe.

about 3 months ago
Deepsea Bergen rig; Source: Odfjell Drilling
Oil & Gas

Path clear for Odfjell Drilling’s rig to spud North Sea wildcat in August

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 3 months ago
Rendering of Argentina LNG project; Source: YPF
Oil & Gas

Eni widens South American footprint with block trio linked to Argentina LNG

Italy’s energy giant Eni has set the wheels in motion to expand its upstream portfolio with three blocks in Argentina, connected to a liquefied natural gas (LNG) export project planned for development in the South American country.

about 3 months ago
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