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Business & FinanceBusiness Developments & ProjectsExploration & ProductionInfrastructureOutlook & StrategyProject & TendersVesselsAuthorities & GovernmentRegulation & PolicyRules & RegulationVisionCarbon Capture Usage & StorageCollaborationStorageTransitionMarket Outlooks
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Petrobras, Shell, TotalEnergies, and Petrogal formalize production split for Brazilian oil field duo

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has disclosed the go-ahead for the production individualization agreements (AIPs) for shared reservoirs in the pre-salt layer of the Santos Basin.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Shell and Kosmos put US Gulf hydrocarbon prospect on their 2027 drilling agenda

U.S.-headquartered oil and gas exploration and production company Kosmos Energy and its partner, Shell, are planning to spud a prospect in the Gulf of America (U.S. Gulf of Mexico) next year.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Saipem’s Castoro 10 starts pipelaying on Romania’s €4 billion natural gas project

Saipem’s 165-meter-long pipelay vessel Castoro 10 has begun the construction of an offshore pipeline in the Romanian part of the Black Sea that will transport natural gas from an offshore production platform to shore as part of the Neptun Deep project. With estimated investments of up to €4 billion,

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Authorities & Government

70 more offshore exploration blocks widen Norway’s new oil & gas licensing round

Norway’s Ministry of Petroleum and Energy has shed light on the expanded award in pre-defined areas 2026 (APA 2026) round for oil and gas exploration activity, encompassing the predefined areas on the Norwegian Continental Shelf (NCS) with blocks in the North Sea, Norwegian Sea, and Barents Sea.

about 2 months ago
EnerMech joins Subsea7 on Mexico’s first deepwater oil project
Business Developments & Projects

EnerMech joins Subsea7 on Mexico’s first deepwater oil project

Subsea7 has awarded Aberdeen-headquartered integrated solutions specialist EnerMech with a subsea pre-commissioning contract for what is described as the first ultra-deepwater oil development in Mexico. EnerMech will deploy its pre‑commissioning spreads and will deliver flooding, cleaning, gauging,

about 2 months ago
Kvitebjørn - Equinor - Wellesley
Business & Finance

Aker Solutions on FEED duty for North Sea gas condensate discovery

Norway-based energy services provider Aker Solutions has lined up a new front-end engineering and design (FEED) assignment for a gas condensate subsea tie-in development project in the Norwegian sector of the North Sea with the country’s state-owned energy giant Equinor.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

‘Substantial’ contract prolongs DOF vessel’s stay in Asia Pacific

DOF Group has secured a contract valued at between $25 million and $50 million for subsea commissioning services in the Asia-Pacific (APAC) region which will begin next year. The contract, defined as substantial, will see the deployment of the construction support vessel (CSV) Skandi Inventor for th

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

North Sea field’s start-up augments Europe’s gas arsenal 48-years after discovery

Norwegian state-owned energy giant Equinor has brought online a subsea tie-back development in the North Sea off the coast of Norway, unleashing more gas supplies for the European market.

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Helix Energy Solutions drops shallow water business in shift toward deeper waters

Texas-headquartered offshore energy services company Helix Energy Solutions is divesting its shallow water abandonment business, stating that the move furthers its strategic focus on deepwater operations. Helix Energy Solutions is selling all of the equity interests of its Gulf of America-focused Sh

about 2 months ago
Solstad CSV picked by Reach Subsea for Mediterranean and Black Sea
Business & Finance

Solstad CSV picked by Reach Subsea for Mediterranean and Black Sea

Norway’s Reach Subsea is set to charter a Solstad construction support vessel (CSV) for deployment in the Mediterranean and Black Sea region as part of its commitment under a newly secured letter of intent (LOI). Reach Subsea’s new LOI is for a contract covering inspection, maintenance, and repair (

about 2 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Norwegian CO2 transport and storage project gathers three industry majors

Aker Solutions, Knutsen NYK Carbon Carriers (KNCC), a joint venture of Knutsen Group and NYKLine, and Vår Energi CCS AS, the project’s operator, have signed a memorandum of understanding (MoU) to advance the Trudvang CO2 transportation and storage project in the Norwegian North Sea. The partnership

about 2 months ago
FPSO P-79 is the eight of the 12 units planned for installation in the Búzios field and joins the seven others already in operation; Source: Petrobras
Business & Finance

Eighth FPSO at Brazil’s giant deepwater field begins producing, four to go

Brazilian state-owned oil & gas giant Petrobras has commenced production from the eighth floating production storage and offloading (FPSO) vessel at the Búzios field offshore Brazil earlier than planned. Located in the pre-salt layer of the Santos Basin, the P-79 platform began production on May 1,

about 2 months ago
Illustration; Source: Wood Mackenzie
Business & Finance

Southeast Asia’s deepwater gas expansion faces ‘fragile economics’ challenge

As Southeast Asia’s second wave of deepwater gas projects targets a 28 trillion cubic feet (tcf) supply, Wood Mackenzie, an energy intelligence group, has shed light on the way operators can navigate what it describes as ‘fragile economics’ to unlock this new deepwater gas supply across the region.

about 2 months ago
NextGeo’s contract with Saipem offshore Libya increased by €4-6 million
Business & Finance

NextGeo’s contract with Saipem offshore Libya increased by €4-6 million

Italy’s Next Geosolutions (NextGeo) has secured an expansion of its work scope at a gas project in North Africa under a contract awarded by compatriot engineering, drilling, and construction services giant Saipem at the end of 2025. NextGeo announced today, May 4, that the contract awarded by Saipem

about 2 months ago
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