Malaysia’s state-owned energy player Petronas has officially transferred its contractual right for a cluster of oil & gas fields in Malaysia to a subsidiary of U.S. energy company ConocoPhillips. Petronas, through Malaysia Petroleum Management (MPM), completed the transfer of operatorship for the Ke
Ulstein Design & Solutions has secured what it says is its largest-ever aftermarket design contract for a cable-laying vessel (CLV), owned by the Taiwanese Dong Fang Offshore (DFO). The contract for the Orient Adventurer, previously known as Polar Onyx, includes both basic design and engineering pro
JERA Global Markets, a trading subsidiary of Japan’s energy major JERA, has signed a liquefied natural gas (LNG) supply agreement with UAE’s ADNOC Gas and its subsidiaries.
With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom.
Prysmian has informed local authorities in Somerset, Massachusetts, about the company’s decision not to move forward with the factory for offshore wind power cables that was planned to be built at Brayton Point on a site that previously housed a coal-fired power plant which was shut down in 2017. Ac
Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo
Norwegian shipping company Solstad Offshore has secured contracts for two of its construction support vessels (CSVs) and one anchor handling tug supply (AHTS) vessel, all with undisclosed clients. The CSV Normand Jarstein will kick off a 135-day contract in March, under which it will deliver subsea
ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris.
Petrobras has rolled up its sleeves on the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil by embarking on the binding phase to dispose of its stake.
Russia’s energy giant Gazprom has expanded its natural gas resource base by performing geological exploration in 2024 to fortify the Russian Federation’s energy security. This enabled the company to augment its gas reserves so that they once again eclipse its production rates, with the biggest chunk
Global Petroleum, an AIM-listed oil and gas upstream exploration company presently focused on Africa and the Mediterranean, has decided to prolong its previous timeline to secure a farm-in agreement with a potential operating partner for its petroleum exploration license (PEL) 94 in Block 2011A in t
China’s first dedicated long-range heavy subsea cable transport barge has completed its inaugural mission at an offshore wind project and will undergo maintenance before embarking on a new mission. Chinese power cable specialist Orient Cable launched the barge named Dongfang Haigong 07 (DFHG 07) in
ADES has expanded its global presence by spreading its wings to the eleventh country, thanks to an offshore drilling assignment one of its jack-up rigs will undertake off the coast of Nigeria.
As the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) has upheld the previous decision, rejecting Venezuela’s appeal, the country is required to dish out $8.7 billion to ConocoPhillips.
