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Business & Finance

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Illustration; Source: Petrobras
Business & Finance

Petrobras enriches Brazilian offshore reserves with ‘high-quality’ oil find

Brazilian state-owned energy giant Petrobras has made a new oil discovery at an exploration well in the pre-salt Santos Basin off the coast of Brazil, South America.

about 1 year ago
TotalEnergies has used Deepsea Mira rig for its drilling activities in Namibia; Source: Odjell Drilling
Business & Finance

Venus rising on Namibia’s offshore horizon as TotalEnergies progresses oil field development

TotalEnergies and its joint venture (JV) partners are making inroads in the development of a giant oil discovery in the Orange Basin off the coast of Namibia.

about 1 year ago
Lorelay; Source: Allseas
Business & Finance

Allseas on offshore pipelay duty as Porthos takes over North Sea gas assets for CCS revamp

Allseas is putting an offshore pipeline in place for a development that aims to become the first offshore CO2 transport and storage project in the European Union (EU).

about 1 year ago
Statkraft halts new green hydrogen projects citing market uncertainty
Business & Finance

Statkraft halts new green hydrogen projects citing market uncertainty

Norwegian renewable energy supplier Statkraft has decided to halt new green hydrogen developments, citing increased uncertainty in the market.

about 1 year ago
Illustration; Credit: Morten Berentsen/NOD
Business & Finance

‘Larger’ slice for oil & gas exploration on Norway’s new offshore licensing menu

Norway’s Ministry of Petroleum and Energy has launched the award in pre-defined areas 2025 (APA 2025) round for oil and gas exploration activity, covering the predefined areas on the Norwegian Continental Shelf (NCS) with blocks in the North Sea, Norwegian Sea, and the Barents Sea.

about 1 year ago
Deepsea Bollsta rig; Source: Northern Ocean
Business & Finance

Odfjell Drilling-managed rig to spud wildcat pair offshore Norway

OMV Norge, a Norwegian subsidiary of Austria-headquartered oil and gas player OMV, has received a drilling permit from the country’s authorities for a wildcat well duo in the Norwegian Sea, enabling it to undertake drilling activities this month with a semi-submersible rig managed by Odfjell Drillin

about 1 year ago
GCMD strikes sustainable finance partnership with ADB to accelerate decarbonization at sea
Business & Finance

GCMD strikes sustainable finance partnership with ADB to accelerate decarbonization at sea

The Global Centre for Maritime Decarbonization (GCMD) has penned a contract with the Asian Development Bank (ADB) to give speed to maritime decarbonization efforts through sustainable finance. As disclosed, the knowledge partnership will strive to advance green financing pathways that support a “sus

about 1 year ago
Noble Interceptor rig; Source: Noble Corporation
Business & Finance

Noble tucks CCS rig tech milestone under its belt

U.S.-headquartered offshore drilling giant Noble Corporation has confirmed the receipt of a certificate related to carbon capture and storage (CCS) rig technology from DNV, an energy expert and assurance provider.

about 1 year ago
Bridgemans' floatel; Courtesy of Woodfibre LNG
Business & Finance

Canada’s multi-billion LNG project seeks permit for new floatel to create 900 more jobs

Woodfibre Management, a privately held Canadian company based in Vancouver, is putting the wheels in motion to clear the regulatory hurdles to bring a second floating workforce accommodation, also known as floatel, to its operated $5.1 billion liquefied natural gas (LNG) export project, under develo

about 1 year ago
Illustration; Source: BOEM
Business & Finance

Offshore drilling nonfans flex legal muscle to hinder Trump’s oil & gas exploration zest

The Surfrider Foundation is among the members of a coalition of conservation organizations represented by Earthjustice, which have banded together to take legal action against the Trump administration to prevent the approval of new offshore drilling plays in U.S. waters.

about 1 year ago
The GTA hub, including a floating LNG vessel; Source: BP
Business & Finance

BP taps Oceaneering for subsea work on giant gas field

Oceaneering has got hold of a multi-year subsea assignment on BP’s natural gas field offshore Mauritania and Senegal, said to be the biggest project in the UK-headquartered energy giant’s portfolio.

about 1 year ago
USV Challenger; Courtesy of DeepOcean's USV JV
Business & Finance

DeepOcean, Solstad and Østensjø Rederi bid welcome to new uncrewed vessel for subsea realm

USV, a joint venture company established by Solstad Offshore, Østensjø Rederi, and DeepOcean, has enriched its fleet with a newbuild uncrewed surface vessel (USV), envisioned for subsea survey, inspection, maintenance, and repair (IMR) work across offshore energy industries.

about 1 year ago
ExxonMobil and Marubeni seal long-term ammonia offtake deal
Business & Finance

ExxonMobil and Marubeni seal long-term ammonia offtake deal

Japanese conglomerate Marubeni Corporation has signed an agreement to purchase low-carbon ammonia from the facility being developed by U.S. energy major ExxonMobil in Baytown, Texas. Marubeni also agreed to acquire an equity stake in ExxonMobil’s low-carbon hydrogen and ammonia facility.

about 1 year ago
Port of Gdańsk; Source: Gaz-System
Business & Finance

Appeal fails to topple Polish-Turkish consortium as FSRU contractor

With the appeal procedure now out of the way, Poland’s gas transmission system operator Gaz-System has confirmed that the previously chosen general contractor remains the right pick for the job of bringing to life the offshore section of the country’s floating storage and regasification unit (FSRU),

about 1 year ago
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