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Business & Finance

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Sval Energi closes Equinor and Suncor deals worth $1.3 bln
Business & Finance

Equinor keeps Aker Solutions busy on inspection missions across over 15 oil & gas assets

Norwegian state-owned energy giant Equinor is retaining Aker Solutions as its inspection services provider across more than 15 onshore and offshore facilities in Norway, thanks to a multi-year contract extension.

about 8 months ago
Chinese shipyard starts building Asso.subsea’s new cable-laying vessel
Business & Finance

Chinese shipyard starts building Asso.subsea’s new cable-laying vessel

The China Merchants Heavy Industry shipyard has begun the construction of a DP 2 cable-laying vessel (CLV) ordered by Greece’s Asso.subsea for the offshore wind market. The steel-cutting ceremony for Althea was held today, November 5, at the CMHI shipyard on Mazhou Island, Shenzhen, China. “The firs

about 8 months ago
Map of blocks 9 and 10 offshore Suriname; Source: QatarEnergy
Business & Finance

Petronas, QatarEnergy, Chevron and Staatsolie enlarge oil & gas portfolio with two blocks off Suriname

Suriname’s national oil company (NOC) Staatsolie Maatschappij Suriname (Staatsolie), Malaysia’s energy titan Petronas, U.S.-based oil major Chevron, and Qatar’s state-owned oil & gas giant QatarEnergy have signed up for two blocks off the coast of Suriname that were secured as part of a consortium d

about 8 months ago
Survey to begin on damaged section of almost 40-year-old interconnector
Business & Finance

Survey to begin on damaged section of almost 40-year-old interconnector

The UK National Grid is about to begin a marine survey of a damaged section of an interconnector between France and the UK that has been operating since 1986. The survey of the IFA 2000 submarine cable is scheduled to begin today, November 5, approximately 3 nautical miles offshore Folkestone, Kent,

about 8 months ago
Illustration; Source: QatarEnergy
Business & Finance

KBR tasked with engineering work on oilfield redevelopment project in Persian Gulf

U.S. science, technology, and engineering player KBR has been hired to handle a detailed engineering assignment for a hydrocarbon redevelopment project operated by Qatar’s state-owned oil & gas giant QatarEnergy off the Persian Gulf state’s coast.

about 8 months ago
Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity
Business & Finance

Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity

Allseas has secured a contract for the installation of a new deepwater export pipeline for Shell that is set to significantly enhance oil transport capacity, flexibility and efficiency in the central part of Gulf of America (the U.S. Gulf of Mexico). The contract was awarded by pipeline operator She

about 8 months ago
Illustration; Source: ADNOC Drilling
Business & Finance

ADNOC Drilling expands its presence across Gulf Arab states with new acquisition

ADNOC Drilling has widened its footprint in the Arab states of the Persian Gulf, thanks to a deal to obtain a majority stake in MB Petroleum Services (MBPS), a drilling and oilfield services (OFS) provider with operations in Oman, Kuwait, Saudi Arabia, and Bahrain.

about 8 months ago
TGS and Chevron ink long-term deal for deepwater seismic services
Business & Finance

TGS and Chevron ink long-term deal for deepwater seismic services

Norwegian energy data and intelligence company TGS and U.S.-headquartered energy giant Chevron have signed a three-year capacity agreement for marine streamer and ocean bottom node (OBN) acquisition services. The parties plan to collaborate on seismic acquisition projects using TGS streamer and OBN

about 8 months ago
Stena Line takes over world’s northernmost shipping company
Business & Finance

Stena Line takes over world’s northernmost shipping company

In a bid to strengthen its position in the Baltic Sea, Swedish ferry company Stena Line has acquired Wasaline.

about 8 months ago
Meridian purpose-built FPSO hull design; Courtesy of Yinson Production
Business & Finance

Yinson Production’s CFO: Two new project bonds on the 2026 horizon to refinance FPSO duo

Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on t

about 9 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

Shell lines up 15-year offtake from ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has struck a multi-year liquefied natural gas (LNG) offtake deal with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of the UK-based Shell, for its low-carbon LNG project, currently under development in the United Arab Emirates (

about 9 months ago
Aker BP gets the all-clear to use Maersk rig on North Sea field
Business & Finance

Inpex adds three assets to Norwegian portfolio

Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex, has completed the acquisition of three assets in Norwegian waters from Norway’s oil and gas company Pandion Energy.

about 9 months ago
DeepOcean and Saudi partner to form joint venture for subsea work in Middle East
Business & Finance

DeepOcean and Saudi partner to form joint venture for subsea work in Middle East

Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint ventur

about 9 months ago
Shah Deniz gas field offshore Azerbaijan; Source: Southern Gas Corridor (SGC)
Business & Finance

UAE and Azerbaijan strengthen ties as ADNOC’s XRG expands Caspian Sea footprint

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has set the wheels in motion to join Southern Gas Corridor (SGC) CJSC, which delivers gas resources from the Azerbaijani sector of the Caspian S

about 9 months ago
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