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Recently established company taps OneSubsea for subsea wellhead technology

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Business & Finance

Recently established company taps OneSubsea for subsea wellhead technology

Houston-headquartered Innovex International, established in 2024 following the merger of Dril-Quip and Innovex Downhole Solutions, has signed a master service agreement with SLB OneSubsea for the supply of subsea wellhead technology. Dril-Quip, a developer, manufacturer and provider of highly engine

about 1 year ago

Business & Finance

Offshore Energy Amsterdam 2025 exhibition floor 70% booked

This is an article by Navingo, owner of the Offshore-Energy.biz media brand and the organiser of the annual Offshore Energy Exhibition & Conference in Amsterdam. The year has just started but the exhibition floor for Offshore Energy Exhibition & Conference (OEEC) 2025 in November is filling up quick

about 1 year ago

Business & Finance

Equinor puts drones to work to survey methane emissions

Norwegian state-owned energy company Equinor has awarded a Denmark-based green tech scaleup with a multi-million euro contract to survey methane emissions from all Norwegian assets using drones. The Danish company Explicit has been contracted to survey 39 offshore platforms located on the Norwegian

about 1 year ago

Business & Finance

Tokyo Gas finalizes Philippine LNG terminal stake buy

Tokyo Gas has completed its acquisition of equity ownership in FGEN LNG Corporation (FGEN LNG), a subsidiary of First Gen Corporation (First Gen), which owns and operates an offshore floating liquefied natural gas (LNG) terminal in Batangas City, the Philippines.

about 1 year ago

People standing on stage with confetti falling down

Business & Finance

Keel laid for Indonesia’s first FLNG unit

China-based provider of clean energy services Wison New Energies (WNE) has held the keel laying ceremony for a floating liquefied natural gas (FLNG) unit set to be deployed at a project Malaysia’s investment holding and management player Genting is developing offshore Indonesia.

about 1 year ago

Business & Finance

ExxonMobil, Mitsui and Woodside investing $200M in Australian gas project

Esso Australia, an Australian affiliate of ExxonMobil, and its co-venture partners Mitsui and Woodside Energy are planning to invest almost $200 million into a project offshore Australia that will bring additional gas supply from the Gippsland Basin online. The Kipper 1B Project will use the VALARIS

about 1 year ago

UK and French regulatory authorities sit down to discuss further joint electricity interconnection

Business & Finance

UK and French regulatory authorities exploring additional joint electricity interconnections

French Energy Regulatory Commission (CRE) and Great Britain’s independent energy regulator Ofgem have come to an agreement to continue exploring further electricity interconnection development opportunities of around 1 GW capacity between France and the UK. The countries have an electricity partners

about 1 year ago

Business & Finance

Saipem and Subsea7 unveil merger plan

Italy’s engineering, drilling, and construction services giant Saipem has signed a memorandum of understanding (MoU) for the possible merger with UK-based energy player Subsea7.

about 1 year ago

Shell recently brought online its new FPSO Penguins; Source: Sevan

Business & Finance

Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility?

Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene.

about 1 year ago

Business & Finance

Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

Switzerland-headquartered contractor Allseas has put the wheels into motion to get ready for its new assignment at Brazil’s second largest oil field.

about 1 year ago

Luda 5-2 North oilfield phase II development project; Source: CNOOC

Business & Finance

Next chapter of Chinese giant’s offshore project boosts super heavy oil development

Chinese state-owned oil and gas giant CNOOC has kick-started production from the second phase of its oilfield development project in the Bohai Sea.

about 1 year ago

Business & Finance

Shell forks out $735 million for ConocoPhillips’ stakes in its US deepwater oil assets

Shell has made a play for interests ConocoPhillips, a U.S. oil major, holds in its assets in the Gulf of America (GoA), formerly named Gulf of Mexico (GoM).

about 1 year ago

Greece’s Asso.subsea has launched a Marine Technology Business Unit, a division focused on advancing shipbuilding, innovation, and sustainability in offshore energy.

Business & Finance

Asso.subsea launches marine technology unit to advance subsea ops

Greece’s Asso.subsea has launched a Marine Technology Business Unit, a division focused on advancing shipbuilding, innovation, and sustainability in offshore energy. According to Asso.subsea, the unit will drive the development of marine assets, reinforcing the company’s fleet expansion strategy an

about 1 year ago

Texas GulfLink deepwater crude oil export terminal; Source: Sentinel Texas GulfLink

Business & Finance

‘Permitting milestone’ slides into place for US deepwater crude oil export terminal

Texas GulfLink has secured a stamp of approval from the U.S. Department of Transportation’s Maritime Administration for its deepwater port license application, bringing a multi-year environmental and technical review saga to an end.

about 1 year ago

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