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Business & Finance

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COSL Prospector rig; Source: Canarship
Business & Finance

All systems go for Equinor’s drilling ops with Transocean and COSL rigs

Equinor has secured the go-ahead from the Norwegian authorities for drilling activities on the Norwegian Continental Shelf (NCS), which will be undertaken with semi-submersible rigs owned by Transocean and COSL Drilling Europe, two offshore drilling contractors.

about 11 months ago
Reach Subsea
Business & Finance

Road to full certification: Norwegian USV cleared to ditch support vessel

Norway’s Reach Subsea has secured a trading permit to operate its Reach Remote 1 uncrewed surface vessel (USV) entirely through remote operations without a support vessel, marking an important step towards full certification. The permit, issued by the Norwegian Maritime Authorities with technical va

about 11 months ago
BK-24 wellhead platform achieves first oil at Bach Ho field; Source: PetroVietnam
Business & Finance

First oil flows from offshore project in Southeast Asia ahead of schedule

Vietsovpetro, the Vietnam–Russia joint venture (JV), has brought online a wellhead platform at a field off the coast of Vietnam, Southeast Asia.

about 11 months ago
New CEO to take the lead at Nexans
Business & Finance

New CEO to take the lead at Nexans

French cable systems designer and manufacturer Nexans has appointed a new chief executive officer (CEO), effective immediately. Nexans‘ Board of Directors has resolved to appoint Julien Hueber as the new CEO and to part ways with Christopher Guérin, who held the position for seven years. Guérin will

about 11 months ago
Liquid Wind receives €3.6 million boost for e-fuel project in Sweden
Business & Finance

Liquid Wind receives €3.6 million boost for e-fuel project in Sweden

Swedish e-fuel plant developer Liquid Wind has been granted €3.6 million (SEK39 million) in funding for its e-methanol project in Örnsköldsvik.

about 11 months ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Business & Finance

Rig and drilling site search next on Inpex’s deepwater oil & gas exploration agenda in Malaysia

Seascape Energy Asia, a wholly owned subsidiary of Southeast Asia-focused E&P company Seascape Energy, has confirmed the green light for the entry into the second exploration phase of a production sharing contract (PSC) for a deepwater block, operated by Japan’s Inpex, enabling the drilling of a pro

about 11 months ago
Culzean field in the North Sea. Source: TotalEnergies
Business & Finance

Serica splashes hundreds of millions on BP’s stake in UK’s largest producing gas field

UK-based upstream oil and gas player Serica Energy is expanding its North Sea footprint by setting the wheels in motion to acquire the entire interest the UK-headquartered energy giant BP holds in a natural gas field, which is considered the biggest producing gas asset on the UK Continental Shelf (U

about 11 months ago
Calcasieu Pass terminal; Source: Venture Global
Business & Finance

BP scores victory in arbitration showdown with Venture Global, seeks over $1B in damages

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has lost its arbitration battle against the UK-headquartered energy giant BP over the delay in starting full commercial operations at its LNG facility in Louisiana, United States.

about 11 months ago
Noble Regina Allen jack-up rig; Credit: Mammoet/Damen
Business & Finance

Chevron gearing up for drilling ops with Noble rig offshore Suriname

Chevron Suriname Exploration, a subsidiary of U.S.-based energy giant Chevron, is preparing to embark on drilling activities off the coast of Suriname with a rig owned by Noble Corporation, an American offshore drilling giant.

about 11 months ago
Deepsea Stavanger semi-submersible rig; Source: Africa Energy
Business & Finance

Domino effect of recent permit reversal: Uncertainty envelops another African block’s development

After the Western Cape High Court’s decision to ax environmental authorization for oil and gas offshore drilling activities planned in Block 5/6/7, Canada-headquartered oil and gas exploration company Africa Energy has embarked on talks to find out what is required for an environmental and social im

about 11 months ago
Multiple Solstad anchor handlers and one CSV secure contracts totaling 700 days
Business & Finance

Multiple Solstad anchor handlers, one CSV secure contracts totaling 700 days

Norway’s Solstad Maritime has secured new contracts for several anchor handling tug supply vessels (AHTS) and a construction support vessel (CSV) that combined have a firm duration of approximately 700 vessel days. The AHTS Normand Saracen and Normand Scorpion have been awarded contracts with an und

about 11 months ago
Port Arthur LNG construction site
Business & Finance

Bechtel takes a deep dive into tragic incident with three fatalities at US LNG project

Bechtel Energy, an American engineering, procurement, construction, and project management player, has shed light on a fatal incident in which three workers lost their lives and two were injured while working on a liquefied natural gas (LNG) export terminal under development in the Lone Star State,

about 11 months ago
Harmony platform; Source: Sable Offshore
Business & Finance

Texas-based oil & gas firm demands $347M in damages from Golden State over pipeline halt

As a pipeline shutdown saga continues in California, Sable Offshore, a Texas-headquartered oil and gas company, is looking to get hundreds of millions in damages as part of the escalation of its dispute with the California Coastal Commission.

about 11 months ago
TDI-Brooks to mobilize vessel this quarter for survey offshore Jamaica
Business & Finance

TDI-Brooks to mobilize vessel this quarter for survey offshore Jamaica

Ireland-headquartered oil & gas company United Oil & Gas has signed a non-binding Memorandum of Understanding (MoU) with U.S.-headquartered TDI-Brooks International to secure a specialist survey vessel for a planned survey program offshore Jamaica. TDI Brooks‘ survey vessel Gyre will perform a pisto

about 11 months ago
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