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Business & Finance

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Fossil EnergyGreen MarineOil & GasShipbuildingSubseaVessels & VehiclesBusiness Developments & ProjectsProject & TendersVesselsCollaborationExploration & ProductionRigsAuthorities & GovernmentRegulation & PolicyFPSO & VesselsSurveys & InterventionsOutlook & StrategyOffshore WindEquipmentInnovationTechnologyCablingInterconnectorsInfrastructureLiquefied Natural GasLow-Carbon TransitionTransition
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 11 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 11 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 11 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 11 months ago
Troll B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

Equinor gets the all-clear to deploy export solution for North Sea gas

Equinor has received the Norwegian authorities’ blessing for a new gas export solution, which will create an alternative path for gas exports from a platform in the North Sea to bolster Norway’s energy security.

about 11 months ago
AKOFS vessel secures more work with Petrobras under $246 million contract
Business & Finance

AKOFS vessel secures more work with Petrobras under $246 million contract

AKOFS Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services, has secured a firm contract for one of its vessels that ensures it will continue working for Brazilian oil & gas giant Petrobras. Following a competitive tender process that resulted in

about 11 months ago
A North Sea platform
Business & Finance

Tenaz gains access to ‘highly prospective’ North Sea gas assets in $244M deal

Canada’s public energy company Tenaz Energy has acquired a private company holding interests in an offshore development on the border between the Dutch and German sectors of the North Sea.

about 11 months ago
QatarEnergy expands exploration footprint offshore Egypt; Source: QatarEnergy
Business & Finance

QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt

Qatar’s state-owned energy giant QatarEnergy has set the wheels in motion to get a stake in an exploration block off the coast of Egypt.

about 11 months ago
DOF orders work-class ROV for its Brazilian operations
Business & Finance

DOF orders work-class ROV for its Brazilian operations

Norwegian vessel owner DOF Group has placed an order with UK’s Forum Energy Technologies (FET) for a work-class remotely operated vehicle (ROV) with a supporting tether management system. The equipment, expected to be delivered late this year, will support DOF’s subsea operations in Brazil. Accordin

about 11 months ago
Illustration; Source: Europa Oil & Gas
Business & Finance

PSC extension in hand: Farm-out and drilling plans moving forward for African oil & gas block

UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas has confirmed that the final details are being ironed out for an extension of a production sharing contract (PSC) covering a block off the coast of Equatorial Guinea.

about 11 months ago
ABL gets marine warranty role for UK’s subsea green electricity superhighway
Business & Finance

ABL gets marine warranty role for UK’s subsea green electricity superhighway

Energy and marine consultancy ABL has been selected to provide marine warranty survey services to support the installation of Eastern Green Link 2 (EGL2), said to be the UK’s largest electricity transmission project and the longest high voltage direct current (HVDC) cable. Developed by a joint ventu

about 11 months ago
First steel strike ceremony for FPSO Gato do Mato at COSCO Qidong Shipyard; Source: MODEC
Business & Finance

MODEC: Pieces of Shell’s Brazil-bound FPSO puzzle continue to slide into place

Japan’s MODEC is making headway in the construction of a floating production, storage, and offloading (FPSO) unit destined for a field offshore Brazil, operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell.

about 11 months ago
Illustration: Source: Wood Mackenzie
Business & Finance

50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision cou

about 11 months ago
Zandolie renewably-powered platform; Source: DeNovo, now Proman Energy
Business & Finance

Trinidad and Tobago’s gas producer rebrands to align with Proman family of companies

Proman’s upstream company, DeNovo Energy, has changed its name to Proman Energy to bring its identity in alignment with the integral role of the parent company’s upstream business, ensuring greater visibility across its integrated value chain.

about 11 months ago
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