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Business & Finance

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Business Developments & ProjectsEquipmentInnovationOutlook & StrategyProject & TendersVesselsExploration & ProductionHuman CapitalOperations & MaintenanceCollaboration
Fincantieri subsidiary to equip Jan De Nul's new vessel with advanced rock placement system
Business & Finance

Fincantieri subsidiary to equip Jan De Nul’s new vessel with advanced rock placement system

Remazel Engineering, a company of Italian shipbuilding group Fincantieri, has secured a contract for the delivery of a high-capacity rock placement system for Jan De Nul’s recently ordered subsea rock installation vessel (SRIV). Jan De Nul reported some ten days ago that it had ordered the new SRIV,

about 9 months ago
FPSO Jotun; Source: Vår Energi
Business & Finance

Green light for Vår Energi to spud North Sea exploration well

Vår Energi, Norway’s oil and gas player, has obtained the Norwegian authorities’ blessing for drilling activities in the North Sea off the coast of Norway.

about 9 months ago
Texan firm’s equipment to help tie in additional wells at US field
Business & Finance

Texan firm’s equipment to help tie in additional wells at US field

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions has secured a contract to deliver subsea distribution equipment for a project in the Gulf of America (the U.S. Gulf of Mexico), operated by an “international operator”. Under the contract defined as significant, KOIL

about 9 months ago
Snam plans to convert Oristano LNG coastal storage facility into FSRU; Source: Higas
Business & Finance

Snam eyes Higas acquisition and FSRU conversion in LNG expansion move

Italy’s energy infrastructure operator Snam has made a play for Higas, a company that owns a liquefied natural gas (LNG) coastal storage facility in Oristano, Sardinia.

about 9 months ago
Rendering of an LNG terminal
Business & Finance

As CFO steps down, NextDecade picks interim one as replacement

Houston-headquartered energy player NextDecade Corporation has disclosed the identity of its Interim Chief Financial Officer (CFO) in the wake of the resignation of its current CFO.

about 9 months ago
Illustration; Source: Sunda Energy, former Baron Oil
Business & Finance

High-impact offshore block duo helping unlock Southeast Asia’s deepwater gas potential

UK-based and AIM-listed Sunda Energy, formerly Baron Oil, has expanded its offshore footprint by securing a non-operated stake in two offshore petroleum blocks in the Sulu Sea, as part of license awards that are a direct result of the joint applications submitted by the bid group composed of Triangl

about 9 months ago
UK firm delivering equipment to back deepwater drilling off Guyana
Business & Finance

UK firm delivering equipment to back deepwater drilling off Guyana

London-headquartered energy services provider Hunting has begun the delivery of oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana, described by the company as a strategically important energy region. Hunting secured the $20 million contract early t

about 9 months ago
FPSO Triton
Business & Finance

North Sea FPSO closing in on restart date

UK-based upstream oil and gas player Serica Energy is engaged in talks with Dana Petroleum to come up with a way to improve the performance of a floating production, storage, and offloading (FPSO) vessel, which is being prepared to resume limited production from Serica’s North Sea asset on the UK Co

about 9 months ago
Testing entailed the bidirectional transfer of LNG from the Avenir Aspiration small LNG carrier to the FSRU Toscana, and vice versa; Source: OLT Offshore LNG Toscana
Business & Finance

Italy makes its first foray into small scale LNG service with OLT’s auctions

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has launched the first auctions for a small scale liquefied natural gas (LNG) (SSLNG) service, achieved through a bidirectional LNG transfer at its floating storage and r

about 9 months ago
Borgland Dolphin rig; Source: Dolphin Drilling
Business & Finance

Repsol books Dolphin Drilling’s 1977-built rig for multi-well work

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has turned a letter of intent (LoA) into a multimillion-dollar rig deal with Repsol, a Spanish multinational energy and petrochemical co

about 9 months ago
Offshore support tug (OST) 120; Source: Damen
Business & Finance

Damen on construction duty for vessel pair destined to support Woodside’s Gulf of Mexico ops

Dutch shipbuilder Damen Shipyards Group is in charge of building two next-generation offshore support tugs (OSTs) for work in the Gulf of Mexico with Woodside Energy, an Australian energy giant.

about 9 months ago
Illustration; Source: SLB
Business & Finance

Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp

SLB has signed on the dotted line to pool resources with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the redevelopment of two oil and gas fields in the Caspian Sea to augment production from these mature assets off the coast of Azerbaijan.

about 9 months ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

Landslide shareholder vote begins final countdown to ADES-Shelf Drilling merger completion

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is one step closer to wrapping up its merger with the UAE-based Shelf Drilling, thanks to the lion’s share of the latter’s shareholders endorsing the business combination after t

about 9 months ago
Gjøa; Source: Vår Energi
Business & Finance

North Sea operator steps up oil project’s game with boost in production and reserves

Norwegian upstream oil and gas player Vår Energi has ramped up its production and reserves from a field in the North Sea by bringing online a new low-pressure project off the coast of Norway.

about 9 months ago
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