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Business & Finance

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Foresea NS-42 (ODN-II) drillship will be used during the pre-operational assessment for drilling operations; Source: Petrobras
Business & Finance

2012-built rig at designated spot: Petrobras sets the stage to secure go-ahead for drilling ops

Following the arrival of a drillship at its drill site, Brazil’s state-owned oil and gas giant Petrobras is getting ready to embark on the pre-operational assessment, as the final stage of the licensing process for drilling a deepwater well in Amapá.

about 11 months ago
Shah Deniz Alpha platform; Source: BP
Business & Finance

BP confirms multimillion-dollar deals for gas field expansion and terminal electrification

BP has corroborated the award of engineering and procurement support assignments to the SOCAR-KBR joint venture (JV), entailing KBR, a U.S.-headquartered science, technology, and engineering player, and Azerbaijan’s SOCAR.

about 11 months ago
UK: Cable route construction starts on subsea green electricity superhighway
Business & Finance

Cable route construction starts on UK’s subsea green electricity superhighway

Construction has started on the cable route for Eastern Green Link 2 (EGL2), a subsea link said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country. Developed by a joint venture of SSEN Transmission and National Grid El

about 11 months ago
Illustration; Source: Santos
Business & Finance

$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue

Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global

about 11 months ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business & Finance

Mexico’s large-scale LNG export terminal strikes another 20-year offtake deal

Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance, has landed a definitive multi-year sales and purchase agreement (SPA) with Gunvor Singapore, an independent commodity trading house, for the supply of liquefied natural gas (LNG) from its liquefaction fa

about 11 months ago
Step forward for Eni’s co-control stake sale in CCUS business
Business & Finance

Step forward for Eni’s co-control stake sale in CCUS business

Global Infrastructure Partners (GIP), an infrastructure investor part of BlackRock, has entered into a definitive agreement with Italy’s energy giant Eni for the acquisition of a co-control 49.99% interest in the latter’s carbon capture, utilization, and storage (CCUS) business. The partners in May

about 11 months ago
Al Zuwair LNG vessel; Source: NYK
Business & Finance

QatarEnergy’s LNG carrier fleet becomes one vessel richer

A joint venture encompassing Japanese shipping companies NYK and Kawasaki Kisen Kaisha (K Line), Malaysia’s energy-related maritime services provider MISC, and China LNG Shipping (Holdings) Limited (CLNG) has taken delivery of a new liquefied natural gas (LNG) carrier built for QatarEnergy, as part

about 11 months ago
UK subsea technology and services firm appoints new CEO after a decade
Business & Finance

UK subsea technology and services firm appoints new CEO after a decade

UK-based subsea technology and services company SMD has appointed a new chief executive officer (CEO), after the previous one spent a decade in the role. The new CEO, Kenny Liu, is succeeding Julian Zhu, who led the establishment of SMD’s innovation division and oversaw the expansion of UK facilitie

about 11 months ago
SBM Offshore's FPSO One Guyana at ExxonMobil-operated Yellowtail; Source: Saipem
Business & Finance

Saipem sheds light on its part in early start-up of ExxonMobil’s oil project offshore Guyana

Saipem has landed a helping hand to U.S.-headquartered ExxonMobil to bring online its fourth oil project on the Stabroek block off the coast of Guyana.

about 11 months ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business & Finance

Australia’s upstream industry stepping up gas game with reform proposals

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has come up with a set of proposals aimed at boosting Australia’s natural gas arsenal.

about 11 months ago
FPSO Peregrino; Credit: Felipe Torres/Equinor
Business & Finance

Brazilian FPSO weeks away from restart following oil production shutdown

Norway’s state-owned energy giant Equinor has switched off oil production at its largest operated field outside the European country.

about 11 months ago
Illustration; Source: Shell
Business & Finance

Shell shakes hands with Shape Digital, MODEC, and Unicamp to boost offshore unit safety

Shell Brasil, a subsidiary of the UK-headquartered energy giant Shell, has joined forces with MODEC Brasil, an affiliate of Japan’s MODEC, Shape Digital, which is MODEC’s digital services spin-off, and Unicamp, to employ artificial intelligence to improve the safety performance of offshore units.

about 11 months ago
Klaipėda terminal; Source: KN Energies
Business & Finance

Solar power coming to curb European terminal’s emissions

KN Energies (KN), formerly Klaipedos Nafta, has taken steps to secure a contractor to equip its liquid energy products terminal with a solar power plant to unlock greenhouse gas (GHG) emissions cuts.

about 11 months ago
Tekmar
Business & Finance

Tekmar’s $1.6 million contracts in Middle East to keep it busy until end of October

UK-headquartered Tekmar Group has secured two offshore grouting contracts in Qatar with a total value of approximately $1.6 million, supporting subsea infrastructure inspection, maintenance and repair (IMR) campaigns. The contracts, awarded by two existing customers, cover the provision of pipeline

about 11 months ago
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