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Business & Finance

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Fossil EnergyOil & GasBusiness Developments & ProjectsExploration & ProductionProduction & ProcessingSubseaOutlook & StrategyProject & TendersAuthorities & GovernmentRegulation & PolicyRules & RegulationClean FuelLiquefied Natural GasOther FuelsLow-Carbon TransitionMarine EnergyTidal & Wave EnergyRigsSeismicSurveys & InterventionsVesselsAutomationTransition
Munin topside; Source: Mammoet
Business & Finance

With platform topside ready for sail-away, North Sea gas project edges closer to start-up (Gallery)

Netherlands-based heavy lifting and transport provider Mammoet has assisted Aibel, which is responsible for the engineering, procurement, and construction (EPC) of a topside segment of an unmanned processing platform to be deployed at a gas development in the Norwegian North Sea, with critical heavy

about 1 month ago
Illustration; Source: Saipem
Business & Finance

Saipem wins $1.8 billion contract in Middle East

Italy’s engineering, drilling, and construction services company Saipem has secured a $1.8 billion contract in the Middle East covering offshore and subsea facilities. Saipem’s scope includes the engineering, procurement, construction and installation (EPCI) of offshore and subsea facilities. The co

about 1 month ago
FPSO Bonga (for illustration purposes); Source: Akselos
Business & Finance

Nigeria’s new tax breaks put $50 billion deepwater oil & gas projects back in play

Nigeria is targeting a revival of deepwater investment with new tax incentives designed to unleash up to $50 billion in delayed oil and gas projects.

about 1 month ago
Hondo platform; Source: Sable Offshore
Business & Finance

Sable eyes September restart for third oil platform in California waters

Sable Offshore, a Texas-headquartered oil and gas company, is set to resume oil production at its third platform off the California coast next month, marking the latest step in the company’s phased effort to bring its offshore operations back online.

about 1 month ago
Yan project in Kedah, northwest Malaysia; Source: Technip Energies
Business & Finance

Technip Energies shaping Malaysia’s new LNG import gateway with FEED in hand

French-based engineering player Technip Energies has been tasked with front-end engineering design (FEED) work for a liquefied natural gas (LNG) project off the coast of Malaysia, enabling it to bring to life Southeast Asia’s next LNG regasification terminal.

about 1 month ago
Das Island; Courtesy of ADNOC Gas
Business & Finance

$13.2 billion gas project moves forward with ADNOC’s $8.2B EPC awards to Wison and Maire’s Tecnimont

Wison Engineering, part of Wison Group, and Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, have been hired to undertake engineering, procurement, and construction (EPC) activities for the second and third phases of a gas project being developed

about 1 month ago
Minesto reshapes organization to drive commercial expansion of tidal technology
Business & Finance

Minesto reshapes organization to drive commercial expansion of tidal technology

Swedish ocean energy developer Minesto has implemented organizational changes to further strengthen its ability to execute commercial projects and improve the product sales offering related to the installation and handling of its Dragon tidal energy technology. This comes following the organizationa

about 1 month ago
Borr Drilling’s Prospector 1 rig; Source: Neptune Energy
Business & Finance

Seven Borr Drilling rigs find more work in Asia, Europe, and Africa

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has lined up multiple new assignments and extensions of existing deals for its rig fleet off the coasts of Vietnam, Malaysia, Côte d’Ivoire (Ivory Coast), and the Netherlands.

about 1 month ago
Shearwater strengthens backlog with two large awards in India
Business & Finance

Shearwater strengthens backlog with two large awards in India

Norwegian Shearwater GeoServices has received two letters of award (LOAs) from India’s government-owned Oil and Natural Gas Corporation (ONGC) for 3D seismic surveys offshore India which together add approximately 15 vessel months of backlog. The awards cover a nine-month project offshore India’s we

about 1 month ago
Eni-BP joint venture hires TechnipFMC for another project offshore Angola
Business & Finance

Eni-BP joint venture hires TechnipFMC for another project offshore Angola

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded TechnipFMC another contract offshore Angola, covering the supply of flexible flowlines and risers. The contract has been awarded for the West Hub Tails project, an extension of the Block 15/06 Agogo Integrated Development

about 1 month ago
Sonangol
Business & Finance

Fresh oil discovery strengthens Angola’s hydrocarbon arsenal

Angola’s state-owned oil company Sonangol has found more offshore black gold, augmenting the African country’s oil reserves.

about 1 month ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

North Sea well interventions unlock multi-million-barrel boost as exploration drilling dries up

The UK’s offshore energy regulator, the North Sea Transition Authority (NSTA), has revealed that 56 North Sea wells returned to production last year, with more cost-efficient well interventions helping operators deliver 16 million barrels of oil (boe) from shut-in wells on the UK Continental Shelf (

about 1 month ago
Shah Deniz; Source: BP Turan Drilling & Engineering
Business & Finance

BP entrusts Emerson with automation job on Caspian Sea gas project

UK-headquartered energy giant BP has tasked Emerson with the provision of automation and control systems for an unmanned offshore platform that will be part of the next development phase of a giant natural gas field in the Caspian Sea, described as one of the world’s largest gas-condensate fields an

about 1 month ago
Ramform Tethys vessel; Source: TGS
Business & Finance

TGS fires the starting gun on seismic reprocessing project in Africa

Norwegian energy data and intelligence company TGS has kicked off a 2D seismic data reprocessing program to shed more light on the hydrocarbon exploration potential off the coast of São Tomé and Príncipe, Africa.

about 1 month ago
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