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Business Developments & ProjectsBusiness & FinanceSafetyExploration & ProductionCollaborationVesselsInfrastructureOutlook & StrategyProject & TendersAuthorities & GovernmentRegulation & PolicyRules & RegulationTransitionVision
Norwegian, Japanese geotechnical firms ink offshore wind cooperation agreement
Business Developments & Projects

Norwegian, Japanese geotechnical firms ink offshore wind cooperation agreement

The Norwegian Geotechnical Institute (NGI) and Japan’s OYO Corporation have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects, research and knowledge sharing, marking a step in NGI’s expansion into the Japanese offshore wind market. The agreement was signed on June

about 1 month ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business & Finance

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries.

about 1 month ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business & Finance

Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES

Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-he

about 1 month ago
Illustration; Source: Petrobras
Business & Finance

Petrobras and Pemex shake hands to explore partnership in oil & gas sphere

Brazil’s state-owned energy giant Petrobras has signed on the dotted line to look into establishing a collaboration with Mexico’s state-owned petroleum heavyweight Petróleos Mexicanos (Pemex) in the hydrocarbon realm.

about 1 month ago
FSO naming ceremony; Source: Yinson Production
Business & Finance

Yinson Production’s Southeast Asia-bound FSO gets its name

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony for a floating storage and offloading (FSO) unit slated for deployment at an oil field off the coast of Vietnam, Southeast Asia.

about 1 month ago
EnerMech assists Subsea7 in decommissioning scope delivery
Business Developments & Projects

EnerMech assists Subsea7 in decommissioning scope delivery

Aberdeen-headquartered integrated solutions specialist EnerMech has completed a pipeline flushing and cleaning workscope for Subsea7 as part of a field decommissioning program in the Gulf of Mexico. EnerMech reported it was in charge of flushing and cleaning a long-distance deepwater oil export pipe

about 1 month ago
NAGA 8; Source: Velesto
Business & Finance

Asian drilling campaign continues with third well after first came online, second set to follow suit

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has made inroads in its infill drilling campaign off the coast of Malaysia by putting the first well into production mode, with the second one already drilled and activities at the third now underway.

about 1 month ago
Saipem preparing for SURF campaign offshore Suriname
Business & Finance

Saipem preparing for SURF campaign offshore Suriname

Saipem has started operations for Suriname’s first large-scale offshore oil development, operated by TotalEnergies, as part of its subsea umbilicals, risers and flowlines (SURF) contract awarded in 2024. Saipem is in charge of the engineering, procurement, supply, construction, installation, pre-com

about 1 month ago
Illustration; Courtesy of AES Panama
Authorities & Government

Arbitration tribunal set up in dispute over revoked gas-to-power and LNG terminal permits

Sinolam International, a Singapore-based investment company focused on oil, gas, and power investments in emerging markets in Asia and Latin America, has confirmed the formation of an independent tribunal in an arbitration case related to the cancelation of permits for a gas-to-power development in

about 1 month ago
Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector
Authorities & Government

Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector

The UK National Grid has launched a public consultation in North Wales for Western Link 2, a new subsea electricity connection that will link Scotland and Wales. The project, jointly developed by National Grid and Scottish Power Energy Networks (SPEN), will be approximately 340 kilometers long and w

about 1 month ago
Prysmian lands €910 million job for Greek island grid interconnections
Authorities & Government

Prysmian lands €910 million job for Greek island grid interconnections

Italy’s Prysmian has secured a framework agreement with Greek electricity grid operator Independent Power Transmission Operator (IPTO) valued at around €910 million for the development of electrical interconnections for the Dodecanese and North Aegean islands in Greece. Prysmian will design, manufac

about 1 month ago
An offshore rig
Business Developments & Projects

Murphy Oil makes oil discovery offshore Côte d’Ivoire

Houston-headquartered oil & gas company Murphy Oil has made an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometers offshore Côte d’Ivoire. The Bubale-1X well was drilled to a total depth of 6,263 meters in 2,376 meters of water and encountered 30 mete

about 1 month ago
Petrobras orders four new tankers for $427 million
Business & Finance

Petrobras orders four new tankers for $427 million

Brazil’s state-controlled oil company Petrobras has placed a $427 million order with the Estaleiro Rio Grande shipyard for the construction of four medium-range oil tankers that will transport oil and petroleum products along the Brazilian coast. The contract was signed through Petrobras Transporte

about 1 month ago
CLV Monna Lisa; Source: Prysmian
Business & Finance

Green light for Prysmian to construct first interconnector between Europe and Africa

Italian cabling giant Prysmian has received the notice to proceed for the construction of the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna electrical substation in Sic

about 1 month ago
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