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Business & Finance

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Valaris DS-12 drillship; Source: Valaris
Business & Finance

BP hits oil & gas pay in Mediterranean Sea

UK-headquartered energy giant BP has found more oil and gas in the northern Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
Three tenders up for grabs for second Malta-Italy interconnector
Business & Finance

Three tenders up for grabs for second Malta-Italy interconnector

InterConnect Malta, owned by the Maltese government, has issued three new tenders for the second electrical interconnector between Malta and Italy. This comes less than a month after the project had received final approval. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC

about 1 year ago
Amogy enters South Korean market to advance its ammonia-to-power solutions
Business & Finance

Amogy enters South Korean market to advance its ammonia-to-power solutions

U.S.-based provider of ammonia-to-power solutions Amogy has opened an office in the Pangyo Techno Valley in South Korea, positioning the company for growth and commercialization.

about 1 year ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Two drilling strikes in a row for Aker BP as another North Sea well comes up empty

Aker BP has drilled another dry well in the North Sea off the coast of Norway. The drilling activities were conducted by one of Odfjell Drilling’s semi-submersible rigs.

about 1 year ago
Norwegian firm enters Asia-Pacific market with latest acquisition
Business & Finance

Norwegian firm enters Asia-Pacific market with latest acquisition

Norwegian Offshore Rental (NOR) is entering the Asia-Pacific (APAC) market through the acquisition of Clockwise Subsea, a provider of rental and sale of marine equipment to the civil, marine, renewable and oil & gas sectors. Established in 2017, Clockwise Subsea is based in Singapore, Malaysia and I

about 1 year ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

Two Namibian prospects on TotalEnergies’ drilling agenda in 2025 as it puts off FID for oil discovery

TotalEnergies has decided to bump a final investment decision (FID) to next year for its giant oil discovery in the Orange Basin off the coast of Namibia. However, the firm has lined up drilling activities at two prospects in the African country for 2025.

about 1 year ago
Transocean Barents rig is on drilling duty with OMV Petrom in Romanian Black Sea; Source: OMV Petrom
Business & Finance

WATCH: Transocean rig preps to spin the drill bit on €4B gas project

With preparations one of the semi-submersible rigs, owned by Transocean, is undergoing in Constanta drawing to a close, a start-up date for a long-term drilling campaign on a natural gas project in the Black Sea is fast approaching.

about 1 year ago
Revised concept for North Sea gas project's offtake route; Source: Hartshead Resources
Business & Finance

Tweaks to North Sea gas project’s concept encapsulate ‘far superior’ export route

Hartshead Resources has made changes to the gas offtake route for natural gas development in the UK sector of the North Sea and submitted the revised concept select report addendum (CSRA) to the North Sea Transition Authority (NSTA) on its own behalf as its joint venture (JV) partners did not back t

about 1 year ago
Hercules rig; Source: Odfjell Drilling
Business & Finance

Legal spat over rig contract breach nearing its end with Seadrill ordered to pay SFL $48 million

A court order is bringing a legal battle over an alleged contract breach to a close by instructing Bermuda-headquartered offshore drilling contractor Seadrill to pay a multimillion-dollar compensation to the owner of a semi-submersible rig, which was hired under the contract that sparked the dispute

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

US oil & gas player gets cracking on development studies as two out of three Gulf of Mexico wells yield hydrocarbons

U.S.-headquartered privately owned exploration and production company LLOG Exploration has started the ball rolling on development studies for two hydrocarbon-bearing wells in its three-well exploration/appraisal campaign. The wells are located in the U.S. Gulf of Mexico, which is being renamed the

about 1 year ago
Tamar platform; Source: Chevron
Business & Finance

SOCAR coming aboard Chevron’s gas field offshore Israel

Chevron Mediterranean Limited, a subsidiary of the U.S.-headquartered oil major Chevron, is getting a new partner at its gas field off the coast of Israel, as Union Energy has decided to sell its stake to the State Oil Company of the Republic of Azerbaijan (SOCAR). SOCAR is continuing to implement i

about 1 year ago
Eni entrusts Well-Safe Solutions rig with more work
Business & Finance

Eni entrusts Well-Safe Solutions rig with more decommissioning work

Aberdeen-based decommissioning services provider Well-Safe Solutions has received a further contract extension from Italy’s energy giant Eni to decommission selected subsea and platform wells across a portfolio of projects in the Dutch North Sea. Eni recently exercised another 90-day option for the

about 1 year ago
FLNG Tango; Source: Exmar
Business & Finance

With FLNG production levels off the charts, previous owner awaits its bonus

Exmar has revealed that an FLNG it sold to Eni has surpassed production expectations and guaranteed levels while working on the Italian player’s LNG project off the coast of Congo, Africa.

about 1 year ago
Under $57.4M contract, Indian firm takes its diving support vessel to Middle East
Business & Finance

Under $57.4M contract, Indian firm sends its diving support vessel to Middle East

India’s Seamec Limited has entered into a charter hire with a Saudi Arabian company under which its multipurpose diving support vessel (DSV) will be deployed in the Middle East. Seamec entered into a Bimco charter party with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of Seam

about 1 year ago
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