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Business & Finance

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Illustration; Source: ADES
Business & Finance

Jack-up rig picked for six-well drilling campaign in Southeast Asia

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas player Conrad Asia Energy, has booked a jack-up rig for a multi-well drilling campaign at its natural gas field in the West Natuna Sea off the coast of Indonesia, Southeast Asia.

about 1 month ago
FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Altera & Ocyan JV passes FPSO operatorship baton to Karoon

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has taken over the operatorship helm from Altera & Ocyan (A&O), a joint venture between Altera Infrastructure and Ocyan, at a floating production, storage, and offloading (FPSO) vessel, which is working on an

about 1 month ago
Mermaid Maritime sets up joint venture in Singapore to reactivate existing vessel
Business & Finance

Mermaid Maritime sets up joint venture in Singapore to reactivate existing vessel

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has established a joint venture (JV) company in Singapore to serve as the investment and operating vehicle for the reactivation and subsequent commercial deployment of an existing offshore su

about 1 month ago
First of five methanol retrofits completed under Seaspan and Hapag-Lloyd’s collab
Business & Finance

First of five methanol retrofits completed under Seaspan and Hapag-Lloyd’s collab

Maritime asset ownership and management firm Seaspan Corporation and German container shipping major Hapag-Lloyd have completed the first of five vessel conversions under their methanol retrofit program. Following the delivery of Seaspan Yangtze, the remaining vessels planned for retrofit are Seaspa

about 1 month ago
Trion development concept; Source: Woodside
Business & Finance

SBM Offshore shedding partial stake in Gulf of Mexico-bound FSO

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has decided to sell a minority interest to its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK) in a newbuild floating storage and offloading (FSO) u

about 1 month ago
Cedar FLNG is being built at Samsung Heavy Industries' Geoje shipyard; Source: SHI
Business & Finance

Canada’s $4B hydro-powered LNG project advances with FLNG launch at Samsung Heavy Industries

South Korea’s Samsung Heavy Industries (SHI) has held a launching ceremony for a floating liquefied natural gas (FLNG) unit destined for deployment in the traditional territory of the Haisla Nation, on Canada’s West Coast.

about 1 month ago
LNG vessel; Source: GTT
Business & Finance

Hanwha Ocean taps GTT for LNG carrier tank design

French technological containment specialist Gaztransport & Technigaz (GTT) has been hired by South Korea’s Hanwha Ocean shipyard to design a tank for a new liquefied natural gas carrier (LNGC).

about 1 month ago
Viridien names new CEO after eight years
Business & Finance

Viridien names new CEO after eight years

The Board of Directors of French geophysical services company Viridien has appointed Henning Berg as the company’s new Chief Executive Officer (CEO) and Director. Viridien‘s Board of Directors appointed Berg as CEO following the general meeting held on June 3, succeeding Sophie Zurquiyah, who will r

about 1 month ago
Delfin LNG; Source: Delfin Midstream
Business & Finance

World’s largest FLNG crosses the FID finish line with $5 billion committed

Delfin Midstream, a U.S.-based liquefied natural gas (LNG) export infrastructure development company, has signed off on a final investment decision (FID) for the first floating LNG (FLNG) vessel destined for an LNG project under development in Louisiana, United States.

about 1 month ago
Illustration; Source: Petronas
Business & Finance

Cross‑border partnership sets its cap on offshore oil recovery boost

Malaysia’s state-owned oil and gas heavyweight Petronas has joined forces with regional partners to jointly evaluate opportunities for improved and enhanced oil recovery (IOR/EOR) in offshore acreages.

about 1 month ago
Expro’s 20-year-old collaboration expanded through $25M contract extension
Business & Finance

Expro’s 20-year-old collaboration expanded through $25M contract extension

Energy services provider Expro has expanded its over two-decade-long collaboration with a “global operator” through a new contract extension for subsea completion and intervention services in the Gulf of America (U.S. Gulf of Mexico). The deal includes the deployment of Solus, Expro’s shear and seal

about 1 month ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business & Finance

2017-built rig’s Asian multi-well drilling assignment awaits new start date

Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, has signaled a revision in the timeline for a multi-well drilling program off the coast of Oman, which will be conducted with a nine-year-old jack-up rig from Texas-headquartered Northern Offshore, a builder and operator of jack-up

about 1 month ago
New partnership targets subsea monitoring for floating wind and oil & gas
Business & Finance

New partnership targets subsea monitoring for floating wind and oil & gas

Underwater technology specialist Sonardyne and advanced engineering company AMOG have signed a memorandum of understanding (MoU) to provide a complete subsea asset monitoring service to offshore energy infrastructure operators. The aim of the partnership is to unlock asset insight, reduce downtime a

about 1 month ago
An offshore platform and a vessel next to it at sunset
Business & Finance

Conrad on the lookout for new CEO as Southeast Asian project edges closer to first gas

Singapore-headquartered natural gas player Conrad Asia Energy is gearing up to embark on a hunt for a new Chief Executive Officer (CEO) after its current one decided to step down from the role.

about 1 month ago
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