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Business & Finance

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French firm expands its work scope for one of the world’s largest deepwater fields
Business & Finance

New contracts for Vallourec in Brazil and Greece for oil & gas and CO2 storage

French provider of tubular solutions Vallourec has won a contract with Subsea7 to supply carbon steel seamless line pipe and thermal insulation coating for Petrobras’ Sepia 2 project in the pre-salt Santos Basin offshore Brazil. The award, described as major, will see Vallourec supply approximately

4 days ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business & Finance

Technip Energies picks up assignment on Mexican LNG project

French-based engineering player Technip Energies has been hired to work on a liquefied natural gas (LNG) export terminal in Guaymas, Sonora, on Mexico’s West Coast.

4 days ago
Commonwealth LNG; Source: Technip Energies
Business & Finance

Expansion move puts US LNG project on path for almost twofold capacity boost

America’s integrated gas and liquefied natural gas (LNG) company Caturus, controlled by the energy-focused alternative investment manager Kimmeridge and supported by investments from Mubadala Energy and Canada Pension Plan Investment Board (CPP Investments), has taken steps to nearly double the plan

4 days ago
Illustration; Source: Petrobras
Business & Finance

Petrobras widens its African offshore portfolio with multiple blocks in Côte d’Ivoire

Petrobras Netherlands B.V. (PNBV), a subsidiary of Brazil’s state-owned energy giant Petrobras, has expanded its offshore footprint with exploration blocks located in the Republic of Côte d’Ivoire.

4 days ago
Exmar will provide FSRU for Côte d'Ivoire; Source: Exmar
Business & Finance

Decade-long Côte d’Ivoire FSRU deals expand Exmar’s West African LNG footprint

Belgian shipping company Exmar has penned multi-year agreements with Côte d’Ivoire Energies (CI-Energies) and Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (Petroci) to provide and operate a 152,000-cubic-meter (cbm) floating storage and regasification unit (FSRU) at the Port of Abi

5 days ago
Lamprell joins ‘major’ offshore EPCI project in UAE
Business & Finance

Lamprell joins ‘major’ offshore EPCI project in UAE

A consortium of Lamprell and Larsen & Toubro (L&T) has secured a contract for an offshore engineering, procurement, construction and installation (EPCI) project in the UAE, described as major. The project includes the development of multiple offshore facilities and upgrades to existing infrastructur

5 days ago
Illustration; Source: Halliburton
Business & Finance

Halliburton bags Eni’s deepwater bundle as Eastern Mediterranean gas buildout continues

U.S.-headquartered oilfield services player Halliburton has secured a multi-year contract with Italy’s energy giant Eni to provide bundled well construction and completions services for an ultra-deepwater development in Cyprus, expanding its presence in the Eastern Mediterranean.

5 days ago
TechnipFMC illustration
Business & Finance

TechnipFMC picks up multimillion-dollar subsea scope for Petronas’ deepwater project

UK-headquartered energy technology provider TechnipFMC has been tasked with an integrated engineering, procurement, construction, and installation (iEPCI) assignment for the development of a long-delayed deepwater project off the coast of Sabah, Malaysia.

5 days ago
Mist rig; Source: Borr Drilling
Business & Finance

Southeast Asia’s hydrocarbon push: Valeura hits oil pay, eyes new satellite development

Southeast Asia’s hydrocarbon sector has gained fresh momentum as Canadian oil and gas company Valeura Energy struck an oil discovery near its existing offshore field in the Gulf of Thailand, potentially supporting a new satellite development while extending the productive life of existing infrastruc

5 days ago
FSRU Energos Force; Source: DET
Business & Finance

FSRU docks in Stade as LNG terminal prepares to feed gas into German grid from November

A 294-meter floating storage and regasification unit (FSRU) has arrived at the new liquefied natural gas (LNG) terminal in Stade, marking the start of commissioning preparations and bringing the facility a step closer to operations, with gas feed-in to Germany’s grid expected from November.

6 days ago
Representatives from the project partners at the Design Appraisal presentation ceremony; Source: Lloyd's Register
Business & Finance

Fore-accommodation LNG carrier with four Wind Challenger sails clears LR design appraisal

A new liquefied natural gas (LNG) carrier design that moves the accommodation block and bridge to the bow to make room for four wind-assisted sails has cleared a key technical milestone, with Lloyd’s Register, a maritime classification society, affirming technical readiness of the HD Hyundai Heavy I

6 days ago
Verlume Halo Subsea Battery Technology; Courtesy of Verlume
Business & Finance

Verlume and SubCtech join forces to power up integrated subsea ops

UK-headquartered subsea power specialist Verlume and German marine technology company SubCtech are pooling resources to develop and deliver integrated subsea power solutions for offshore energy and defense applications.

6 days ago
Scarabeo 8; Source: Saipem
Business & Finance

Fresh gas discovery augments Aker BP’s North Sea arsenal

Norwegian oil and gas company Aker BP has struck gas in the North Sea, opening up a new opportunity 25 kilometers north of the Duva field. The operator and its partners will now assess whether the discovery could be commercially viable.

6 days ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business & Finance

Saipem hands Saudi jack-up fleet to ADES in strategic shallow-water exit

Italy’s engineering, drilling, and construction services company Saipem has divested its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company, an indirect subsidiary of Saudi Arabia-headquartered ADES Holding Company, which has now added about SAR 3.7 billion ($987 million)

6 days ago
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