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Business & Finance

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Noble Regina Allen jack-up rig; Credit: Noble
Business & Finance

Noble’s 2013-built rig picks up drilling gig offshore Suriname

Noble Corporation has disclosed a new drilling assignment off the coast of Suriname for one of its jack-up rigs that reportedly wrapped up its assignment with France’s TotalEnergies in Argentina last month.

about 1 year ago
Eighth call for CO2 storage offshore Norway opens for applications
Business & Finance

Eighth call for CO2 storage offshore Norway opens for applications

The Norwegian Ministry of Energy is inviting interested parties to apply for CO2 storage exploration licenses related to one area on the Norwegian Continental Shelf (NCS), representing the eighth time such acreage is announced on NCS. The announcement was made on March 5 for the area that comprises

about 1 year ago
Haiji-2 (for illustration purposes); Source: CNOOC
Business & Finance

‘Major breakthrough’ in Chinese giant’s exploration ops with new oil & gas pay zone

CNOOC has enriched its oil and gas arsenal with a new hydrocarbon discovery in the Beibu Gulf of the South China Sea.

about 1 year ago
OFAC orders wind down of oil activities in Venezuela; Source: Chevron
Business & Finance

US order sets date for Chevron to grind oil exports from Venezuela to a halt

Chevron has been given a 30-day deadline to bring a wind-down of its crude oil production and exports in Venezuela to an end, as its previous license has been revoked by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

about 1 year ago
Whale in the U.S. Gulf of Mexico; Source: Shell
Business & Finance

McDermott’s wind-up of ops on Shell’s oil project seen as a tribute to ‘ingenuity’

McDermott has crossed the finish line at a deepwater oil project in the U.S. Gulf of Mexico, recently renamed to the Gulf of America by the Trump administration.

about 1 year ago
CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard
Business & Finance

CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard

CMA CGM is further expanding its LNG-fueled fleet with a new order worth nearly $2.6 billion for twelve dual-fuel LNG containerships to be built in China.

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business & Finance

Norway sheds more light on recent gas/condensate discovery

After a new hydrocarbon discovery at a prospect off the coast of Norway, which was drilled with a semi-submersible rig owned by Odfjell Drilling, the Norwegian Offshore Directorate (NOD) has disclosed more information about the latest gas/condensate find in the Norwegian Sea.

about 1 year ago
Two contracts for huge Black Sea gas project reel in $10 million for Expro
Business & Finance

Two contracts for huge Black Sea gas project reel in $10 million for Expro

U.S.-headquartered energy services provider Expro has secured two contracts with Southeastern Europe’s integrated energy player OMV Petrom worth over $10 million for what is said to be the largest natural gas project in the Romanian Black Sea. The contracts described as major involve Expro’s subsea

about 1 year ago
MacGregor crane to be fitted onto China-built dive support vessel
Business & Finance

MacGregor crane to be fitted onto China-built dive support vessel

MacGregor, part of Cargotec, has secured a contract for the delivery of a 100T AHC crane for a dive support vessel (DSV) being built in China. The crane delivery to the Guangzhou Salvage shipyard, for the vessel owned by Saudi Arabian Jana Marine Service Company (JMS), is scheduled in the second qua

about 1 year ago
FPSO Agogo; Source: Yinson Production
Business & Finance

WATCH: Yinson Production’s FPSO equipped with carbon capture tech sets off on deepwater testing mission

Yinson Production has seen its floating production, storage, and offloading (FPSO) vessel off as it left a Chinese shipyard for deepwater testing before making its way to Angolan waters, where it will work for Azule Energy, a joint venture between BP and Eni.

about 1 year ago
Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab
Business & Finance

Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab

Norwegian marine geoscience and technology company Shearwater GeoServices and France’s energy giant TotalEnergies have expanded their collaboration with the signature of a three-year firm capacity reservation agreement (CRA) for global marine seismic streamer acquisition services. The CRA is said to

about 1 year ago
West Vela drillship; Source: Seadrill
Business & Finance

Seadrill drillship staying busy with US drilling campaign thanks to multimillion-dollar extension

Talos Energy has decided to keep a drillship, owned by Seadrill, an offshore drilling contractor, occupied with additional drilling into September 2025.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business & Finance

US player keeps its eyes on expansion plans as clean energy underinvestment makes room for more LNG

Given the worldwide spike in total demand for natural gas, Houston-headquartered NextDecade is contemplating further capacity expansion of its liquefied natural gas (LNG) export terminal at the Port of Brownsville, Texas.

11 minutes read
View of a dock with a large vessel in the background
Business & Finance

US firm to bring compatriot pump manufacturer into its fold for $2B

U.S.-based technology firm Honeywell has agreed to buy compatriot pump and compressor player Sundyne from private equity firm Warburg Pincus in an all-cash transaction.

about 1 year ago
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