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Business & Finance

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Illustration; Source: ADES
Business & Finance

Shell hires ADES rig for drilling ops offshore Brunei

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has landed a new offshore drilling assignment for one of its jack-up rigs off the coast of Brunei with Brunei Shell Petroleum (BSP), a joint venture company between the Brunei go

about 10 months ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot

ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has put the finishing bow on the merger with the UAE-based Shelf Drilling, augmenting its offshore drilling fleet with 33 more jack-up rigs.

about 10 months ago
Troll C; Source: Axess
Business & Finance

Equinor books Axess for North Sea riser replacement work

Axess Technologies, a subsidiary of Norway-headquartered asset integrity management company Axess Group, has won a new riser replacement assignment in the Norwegian sector of the North Sea with Equinor, a compatriot state-owned energy giant.

about 10 months ago
Illustration; Source: ADNOC Gas
Business & Finance

$4 billion deal in hand as ADNOC scores 20-year gas supply assignment

ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has secured a multimillion-dollar natural gas supply agreement with EMSTEEL, an integrated steel and building materials manufacturer, to power the United Arab Emirates’ industrial growth.

about 10 months ago
Map showing Comoros; Source: TGS
Business & Finance

TGS picks up geophysical data deal for offshore oil & gas basins in Africa

Norwegian energy data and intelligence company TGS has secured the rights to market and license offshore geophysical data for the offshore acreage in the Comoros, a small island country in the Indian Ocean, off the eastern coast of Africa.

about 10 months ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business & Finance

Future of North Sea oil project may be up in the air as trio contemplates UK tax policy’s impact

Following the UK’s decision to retain its current fiscal and regulatory regime regarding Britain’s oil and gas policy, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to gather together to determine their next steps f

about 10 months ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

£50 billion going down the drain as UK keeps oil & gas windfall tax in place

As the dust continues to settle over the United Kingdom (UK) government’s decision to retain the energy profits levy (EPL), known as the windfall tax on oil and gas profits, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has expressed its dissatisfaction with the

about 10 months ago
Illustration; Source: Fugro
Business & Finance

Fugro fortifies Asian presence by setting up remote operations shop in Malaysia

Dutch geo-data specialist Fugro has taken a step to expand its footprint in Southeast Asia with the launch of its new remote operations center (ROC) in Malaysia’s Kuala Lumpur, which is anticipated to enable the Netherlands-headquartered giant’s personnel to control offshore survey operations remote

about 10 months ago
DLV 2000 vessel on FaS gas development project in Malaysia; Source: McDermott
Business & Finance

McDermott crosses the finish line for subsea gig at Shell’s gas project

U.S. offshore engineering and construction player McDermott has put the finishing touches on an assignment, encompassing multiple natural gas fields, which Sarawak Shell, a subsidiary of the UK-headquartered energy giant Shell, operates off the coast of Malaysia.

about 10 months ago
Føn Energy Services wins five-year maintenance and survey deal for six Dutch offshore wind farms
Business & Finance

Føn Energy Services wins five-year maintenance and survey deal for six Dutch offshore wind farms

Føn Energy Services has secured a five-year contract to provide inspection, repair and maintenance services across six Dutch offshore wind farms after winning a combined tender issued by their owners, the company revealed on 26 November at the Offshore Energy Exhibition & Conference (OEEC) in Amster

about 10 months ago
Multi-purpose accommodation support vessel (MP-ASV); Courtesy of Damen
Business & Finance

Damen in charge of forging subsea crane-endowed multi-purpose vessel with five more on the cards

Damen Shipyards Group, a Dutch shipbuilding giant, has been tasked with bringing to life a new multi-purpose accommodation support vessel (MP-ASV) for Windcat, a part of CMB.TECH, said to be one of the world’s largest listed, diversified, and future-proof maritime groups, with a fleet of about 250 v

about 10 months ago
Illustration; Source: NKT
Business & Finance

UK underwater market hits £9.4 billion: Project delays place offshore energy supply chain at risk

Global Underwater Hub (GUH), the trade and development body representing the UK’s multibillion-dollar subsea sector, has undertaken a new study for the nation’s underwater sectors, which emphasizes that frequent delays to offshore energy and infrastructure projects threaten the viability of Great Br

about 10 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business & Finance

More US LNG going to Japan: Venture Global and Tokyo Gas shake hands on 20-year offtake

With another liquefied natural gas (LNG) offtake deal in the bag, the U.S. export project developer Venture Global has secured its fourth multi-year contract with a Japanese company.

about 10 months ago
Illustration; Source: TotalEnergies
Business & Finance

France’s gas ‘safety net’ no longer needed: TotalEnergies dismantling LNG terminal

TotalEnergies has decided to demobilize its floating storage and regasification unit (FSRU) in Le Havre, as this liquefied natural gas (LNG) terminal is no longer required to strengthen energy security in the country and Europe.

about 10 months ago
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