PRIO is expanding its interest in a field off the coast of Brazil by buying the stake Norway’s Equinor holds in what is considered to be its largest operated field outside Norway.
Shell has acquired the interests ConocoPhillips, a U.S. oil major, held in its assets in the Gulf of America (GoA), formerly known as the Gulf of Mexico (GoM).
Subsea7 has secured a contract worth over $1.25 billion with Brazilian oil & gas giant Petrobras for a field located at 2,000 meters of water depth off the coast of Rio de Janeiro. Under the contract defined as “super-major”, Subsea7’s scope includes engineering, procurement, fabrication, installati
Golar LNG has gotten hold of two multibillion-dollar assignments related to a proposed liquefied natural gas (LNG) large-scale upstream and midstream integrated gas development project, estimated to be worth $50 billion, in the Sierra Grande Norte, on the South American country’s Atlantic coast.
The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy secur
The Netherlands-based UXOcontrol, a subsidiary of N-Sea Group, is set to commence UXO-related scopes at a UK offshore wind farm at the beginning of May. UXOcontrol has secured a contract to perform various UXO-related scopes on a UK wind farm both for the inter-array area as well as the export cable
The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps
French provider of tubular solutions Vallourec has secured a contract with Kuwait Oil Company (KOC) for the supply of oil country tubular goods (OCTG) for drilling operations. The contract is seen as major and represents over $130 million in potential revenue. The agreement includes the supply of ca
There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas
With the first trade war shots fired, a new analysis has highlighted offshore oil production and liquefied natural gas (LNG), which have dipped their toes into broader market arenas, among products that can reap the benefits from the looming tariff threats, potentially paving the way for Canada to b
Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones.
Japanese shipping major Mitsui O.S.K. Lines (MOL) is set to open a new office in Washington, D.C., U.S., through its subsidiary MOL (Americas), even as tariffs continue to roil global trade and challenge the shipping sector.
South Korea-based LS Marine Solution has signed a contract, worth approximately $15.8 million (about €13.8 million), to lay submarine cables for the Taipower Offshore Wind Project Phase II (TPC Changhua Phase II) in Taiwan. According to the company, the contract marks LS Marine Solution’s first win
Since 2024 saw many projects greenlighted, Offshore Energy has delved into some of the biggest steps taken last year to move forward with approved developments.
