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GMS Evolution vessel (for illustration purposes); Source: GMS
Business & Finance

Middle East sends its calling card to GMS’ large-class vessel

Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels for the offshore energy sector, has landed a new long-term assignment for one of its large‐class vessels in the Middle East.

about 7 months ago
Woodside cleared for plug and abandonment off Australia's northwest coast
Authorities & Government

Woodside cleared for plug and abandonment off Australia’s northwest coast

Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given its green light to Woodside Energy for permanent plug and abandonment (P&A) and well intervention activities for subsea wells associated with a gas project situated on the country’s northwest coa

about 7 months ago
Harmony platform; Source: Sable Offshore
Authorities & Government

US hands over emergency special permit to Sable Offshore

Sable Offshore, a Texas-headquartered oil and gas company, has received an emergency special permit for Santa Ynez pipeline system segments.

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

Petronas and CNOOC fortify energy bonds with LNG offtake

Petronas LNG, a subsidiary of Malaysia’s state-owned oil and gas heavyweight Petronas, and CNOOC Gas and Power Singapore Trading & Marketing, an affiliate of Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC), have expanded their existing relationship by striking a

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

Wheels up for CB&I to bring Petrofac’s Asset Solutions business into its fold

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has made a play for Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning services for onshore and offshore

about 7 months ago
Shearwater GeoServices’ high-end vessel to welcome New Year in Nigeria
Business & Finance

Shearwater GeoServices’ high-end vessel to welcome New Year in Nigeria

Norwegian Shearwater GeoServices is set to deploy its high-end vessel SW Duchess for a two-month multi-client seismic survey offshore Nigeria at the end of the year. The survey will provide high-resolution subsurface data across the Western Niger Delta Basin, supporting exploration decisions and fut

about 7 months ago
Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Business & Finance

Gas field charting its development course as Aphrodite embarks on FEED journey

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have decided to move forward with a front-end engineering design (FEED) work for an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Mediterra

about 7 months ago
Helix to go on P&A duty in UK North Sea in 2026
Business & Finance

Helix to go on P&A duty in UK North Sea in 2026

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The award came from a “major operator”, as Helix said, and includes the flushing and disconn

about 7 months ago
Prysmian and Eni to recycle plastic cable scrap
Business & Finance

Prysmian and Eni to recycle plastic cable scrap

Italian cabling giant Prysmian and Versalis, the chemical subsidiary of Italian energy giant Eni, have established a strategic partnership to give new life to plastic cable scrap through an innovative chemical recycling process. Srinivas Siripurapu, Chief Sustainability, Innovation and R&D Officer a

about 7 months ago
CG rendering of the FSRU; Courtesy of Hanwha Ocean
Business & Finance

MOL puts financing in place for Singapore’s second LNG terminal

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has struck a finance deal for a floating storage and regasification unit (FSRU), which will be deployed in Singapore, Asia.

about 7 months ago
A jackup rig being transported on a vessel
Business & Finance

Drilling ops run into technical glitches, postponing production start-up

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has encountered technical difficulties during its drilling activities at a field off the coast of Benin.

about 7 months ago
FSO steel cutting ceremony; Source: Yinson Production
Business & Finance

First steel cut for Yinson Production’s Asia-bound floating storage and offloading unit

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has revealed a steel cutting ceremony for a newbuild floating storage and offloading (FSO) unit, which will be deployed at the Block B gas field off the coast of Vietnam, Southeast A

about 7 months ago
Japanese designs of cable jointing and burial vessels get green light
Business & Finance

Japanese designs of cable jointing and burial vessels get green light

Japanese shipping major Mitsui O.S.K. Lines (MOL) has received approval in principle (AiP) from compatriot classification society ClassNK for the basic design of specialized vessels for subsea power cable jointing and burial. MOL is working with Sumitomo Electric Industries, Furukawa Electric, and N

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

Another 100-million-ton oilfield discovery sees light of day in Asian waters

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has unveiled a new oilfield find, which it describes as a major discovery in central Bohai Sea off the coast of China.

about 7 months ago
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