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Business & Finance

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Illustration; Source: ADES
Business & Finance

ADES-Shelf Drilling merger wrap-up coming before November ends

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is days away from crossing the finish line for its merger with the UAE-based Shelf Drilling, expanding its offshore drilling fleet with the addition of 33 jack-up rigs.

about 8 months ago
Golden Pass LNG (GPX) export terminal; Source: Golden Pass LNG
Business & Finance

Chiyoda and McDermott take revised final EPC step forward for giant US LNG project

The main engineering, procurement, and construction (EPC) contractors for a liquefied natural gas (LNG) project in the United States, U.S.-headquartered McDermott (MDR) and Chiyoda International Corporation (CIC), have struck a revised EPC deal for two trains at an export terminal under construction

about 8 months ago
The final countdown: Preparing for OEEC 2025
Business & Finance

The final countdown: Preparing for OEEC 2025

[PRESS RELEASE BY NAVINGO BV] The energy is rising as we enter the final countdown to the 18th edition of the Offshore Energy Exhibition & Conference (OEEC), taking place on 25–26 November at RAI Amsterdam. In less than one week, thousands of professionals from across the offshore energy sector will

about 8 months ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

More appraisal ops in the works with spotlight on liquid hydrocarbons’ presence off Namibia

BW Energy has provided further insight into the preliminary results of its appraisal well in the Orange Basin off the coast of Namibia, which was drilled with a rig owned by Northern Ocean and managed by Odfjell Drilling.

about 8 months ago
Seapiper vessel; Courtesy of Boskalis
Business & Finance

Boskalis’ subsea rock installation vessel kicks off its first European gig with Equinor

Dutch offshore services provider Boskalis has embarked on a mission to slide into place many tens of thousands of tons of rock for Norway’s state-owned energy giant Equinor in the North Sea, using a subsea rock installation vessel, which previously worked mostly in Taiwan and Australia.

about 8 months ago
Illustration; Source Shell
Business & Finance

Shell halves its stake in UK gas discovery as Ithaca comes aboard

Ithaca Energy, a North Sea oil and gas operator and producer, has put the wheels in motion to acquire a non-operated stake from Shell UK, a subsidiary of the UK-headquartered energy giant Shell, in a gas discovery located West of Shetland, about 175 kilometers northwest of the Shetland Isles.

about 8 months ago
Nordsee One offshore wind farm
Business & Finance

Shell buys offshore wind power for new electrolyzer plant in Germany

Shell has signed a five-year power purchase agreement (PPA) with Nordsee One GmbH, a joint venture between Northland Power (85%) and RWE (15%), for the Nordsee One offshore wind farm in Germany. Under the PPA, which will take effect from June 2027, Shell will offtake approximately one-third of the a

about 8 months ago
Tiber floating production platform is based more than 85% on Kaskida's design (Kaskida rendering); Source: BP
Business & Finance

BP books SLB OneSubsea for work on its Gulf of America oil project

UK-headquartered energy giant BP has tasked SLB OneSubsea, a joint venture between SLB (formerly Schlumberger), Aker Solutions, and Subsea7, with a subsea boosting mission for its deepwater greenfield development in the Gulf of America (U.S. Gulf of Mexico).

about 8 months ago
Harvey H. Ward jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig going back to work for Aramco as suspension ends

Shelf Drilling, an offshore drilling player, has received a green light from Aramco, a Saudi Arabian drilling giant, which will enable one of its rigs to return to its drilling assignment in the Middle East after more than a year-long suspension.

about 8 months ago
Transocean Barents rig; Source: OMV Petrom
Business & Finance

Transocean rig trio staying longer in South America and Europe

Transocean, an offshore drilling giant, has lined up more work off the coasts of Brazil, Norway, and Romania for one of its drillships and two semi-submersible rigs.

about 8 months ago
Illustration; Source: Conrad Asia Energy
Business & Finance

Arbitration battle looms in Asia as Empyrean challenges Conrad’s withdrawal notice

Conrad Asia Energy’s wholly-owned subsidiary, West Natuna Exploration Limited (WNEL), has served Empyrean Energy, an AIM-listed oil and gas exploration company, with a notice of election of remedy and forced withdrawal, after the duo had been knee-deep in talks regarding the settlement of outstandin

about 8 months ago
Sonardyne adds another task to its contract for UK’s first offshore CCS project
Business & Finance

Sonardyne adds another task to its contract for UK’s first offshore CCS project

Underwater technology company Sonardyne has added more work to its existing contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, for the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough

about 8 months ago
TGS wins contract extensions in Norway, about to start 3D survey in Brazil
Business & Finance

TGS wins contract extensions in Norway, about to start 3D survey in Brazil

Norwegian energy data and intelligence company TGS has secured an extension for its current contracts with what it says is a major international energy company, for reservoir monitoring and source services on the Norwegian Continental Shelf (NCS). The contracts cover the provision of reservoir monit

about 8 months ago
Amogy bags $15M strategic investment from South Korean partner
Business & Finance

Amogy bags $15M strategic investment from South Korean partner

U.S. ammonia-to-power solutions provider Amogy has raised a $15 million strategic investment from South Korea’s GS E&C to accelerate the deployment of ammonia-based, carbon-free distributed power solutions.

about 8 months ago
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