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Business & FinanceBusiness Developments & ProjectsExploration & ProductionProject & TendersEnvironmentGreen MarineInnovationOutlook & StrategyTransitionVesselsVisionCarbon Capture Usage & StorageStorageTechnologyNewsInfrastructure
Rendering of the Cedar LNG facility
Business & Finance

12-year deal in the bag for Canada’s $4B hydro-powered floating LNG project

Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure player Pembina Pipeline Corporation, has secured a new multi-year agreement for its floating liquefied natural gas (LNG) (FLNG) facility located in the traditional territory of the Haisla Nation, on Canada’s West C

about 7 months ago
Santos
Business & Finance

Santos offloads Australian non-core gas assets to Eni and Comet Ridge

Australian energy player Santos has embarked on a portfolio optimization quest by divesting its stake in offshore fields to Eni Australia, a subsidiary of the Italian giant Eni, and striking a deal to dispose of its operated interest in another asset in Australia.

about 7 months ago
PPF; Source: ConocoPhillips
Business & Finance

Green light for $1.8 billion oil redevelopment in Norwegian waters

ConocoPhillips, and its partners, Vår Energi, Orlen Upstream Norway, and Petoro, have sanctioned a project on the Norwegian Continental Shelf (NCS) that aims to extend the life of the Greater Ekofisk Area (GEA) through the redevelopment of previously produced fields (PPF) to enhance production capab

about 7 months ago
Ursa platform; Source: Shell
Business & Finance

Shell rubber-stamps project to boost oil production from its Gulf of America asset

Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has taken a final investment decision (FID) on a waterflood project at its field in the U.S. Gulf of America (Gulf of Mexico).

about 7 months ago
Sonangol Quenguela drillship; Source: Seadrill
Business & Finance

Seadrill’s rig trio scoops up drilling jobs in US and Angola

Seadrill, an offshore drilling contractor, has found more work in the U.S. Gulf and Angola for three mobile offshore drilling units (MODUs) in its rig fleet.

about 7 months ago
Sea1 starts building second of four offshore energy support vessels
Business Developments & Projects

Sea1 starts building second of four offshore energy support vessels

Norwegian offshore services provider Sea1 Offshore has cut the first steel for the second of four offshore energy support vessels (OESVs) it has on order with a shipyard in China. Sea1 Offshore placed the order for the first two OESVs with Chinese shipyard Cosco Shipping in November 2024, with the c

about 7 months ago
Offshore platform
Business & Finance

TotalEnergies partners with PTTEP in Malaysia by shedding partial stake in offshore block

France’s energy giant TotalEnergies has strengthened its ties with PTT Exploration and Production Public Company (PTTEP) through an arrangement to offload a minor stake in a block off the coast of Malaysia.

about 7 months ago
Illustration; Courtesy of Dräger
Business & Finance

North Sea operator books Dräger’s gas detection and monitoring tools

Dräger UK, a safety technology player, has secured its fourth large-scale multi-gas monitor changeout with the same undisclosed client for North Sea gas detection and monitoring solutions.

about 7 months ago
After TechnipFMC, Subsea7 hired for Chevron’s gas project offshore Australia
Business & Finance

After TechnipFMC, Subsea7 hired for Chevron’s gas project offshore Australia

U.S. oil & gas company Chevron has awarded Subsea7 with a contract for subsea equipment and associated infrastructure for the third stage of its Gorgon gas project offshore Western Australia. Subsea7 said that the contract for Gorgon Stage 3 is substantial, meaning it is worth between $150 million a

about 7 months ago
EU’s first dedicated offshore CO2 carrier now equipped with CO2 storage tanks (Gallery)
Business Developments & Projects

EU’s first dedicated offshore CO2 carrier now equipped with CO2 storage tanks (Gallery)

The eighth and final CO2 storage tank has been installed on Carbon Destroyer 1, the first dedicated offshore CO2 carrier built in the EU, set to work on the Greensand project in Denmark. Once operational next year, the vessel will be prepared for its carbon capture and storage (CCS) duties, working

about 7 months ago
NAGA 3 rig; Source: Velesto Energy
News

Velesto bids goodbye to 2010-built jack-up rig

Malaysia’s Velesto Energy has struck a deal to divest a 15-year-old jack-up rig for a total cash consideration of $63 million (equivalent to RM 258.4 million).

about 7 months ago
Louisiana LNG
Business & Finance

US player picks up work at Woodside’s $17.5B LNG megaproject in Pelican State

Mistras, a New Jersey-headquartered provider of technology-enabled industrial asset integrity and testing solutions, has been hired for an assignment at a multibillion-dollar liquefied natural gas (LNG) development project in Louisiana, operated by Australia’s Woodside Energy.

about 7 months ago
NKT upgrades Swedish cable accessories factory to meet high demand in Europe
Business & Finance

NKT upgrades Swedish cable accessories factory to meet high demand in Europe

Danish power cable manufacturer and installation firm NKT has enhanced the capacity and technical capabilities of its cable accessories factory in Sweden, by investing in a new test hall and office building and expanding production capacity, a move said to be in response to the high demand for high-

about 7 months ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business & Finance

UK oil & gas consolidation continues: Serica makes move on Spirit Energy’s North Sea assets

UK-based upstream oil and gas player Serica Energy has taken another consolidation step on the UK Continental Shelf (UKCS) by striking a deal to acquire the oil and gas portfolio of Spirit Energy Limited and its affiliates for an upfront consideration of £57 million (around $74 million).

about 7 months ago
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