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Business & Finance

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Map of blocks offshore Uruguay
Business & Finance

Latin American momentum grows: Chevron’s Uruguay extension buys time for seismic work as Sintana pursues permit offshore Argentina

Canada-headquartered oil and natural gas exploration player Sintana Energy has shed light on the latest activities in Latin America, confirming the advancement of its offshore plans in Argentina and an extension for the Chevron-operated block off the coast of Uruguay.

about 2 months ago
Oceaneering strengthens 20-year presence in Qatar with new five-year contract
Business & Finance
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Oceaneering strengthens 20-year presence in Qatar with new five-year contract

Oceaneering International has won a five-year inspection and asset integrity services contract in Qatar, a country it has been operating in for more than 20 years. Awarded following a competitive tender process, the contract includes two optional one-year extensions and has been awarded to Oceaneeri

about 2 months ago
DNV awards world’s first certification for wave energy technology
Business & Finance

DNV awards world’s first certification for wave energy technology

Independent assurance and certification body DNV has awarded what is said to be the world’s first prototype certificate for a wave energy converter (WEC). CorPower Ocean’s C4 WEC has been certified under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verificat

about 2 months ago
Shelf Drilling Fortress departing Invergordon
Business & Finance

ADES jack-up rig pair lines up drilling jobs in Nigerian and UK waters

ADES Holding Company, an oil and gas drilling services provider that is part of Saudi Arabia-headquartered ADES Group, has landed new multimillion-dollar assignments for two jack-up rigs in Africa and Europe.

about 2 months ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling’s rig remaining with Norwegian oil & gas operator for another year

Odfjell Drilling, a 53-year-old offshore drilling player, has won a contract extension with Norway’s oil and gas player Aker BP for a 2019-built semi-submersible rig, which is working on the Norwegian Continental Shelf (NCS).

about 2 months ago
FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Karoon boosts Brazilian field’s oil output with all wells now online

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has brought back on stream another well at an oil field off the coast of Brazil.

about 2 months ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies offloading Mexican shallow water block to Grupo Carso

A Mexican subsidiary of France’s energy giant TotalEnergies has struck a deal to divest its stake in a block off the coast of Mexico to Mx Dlta Nrg 1, a subsidiary of Zamajal, a company in which Grupo Carso holds an 80% interest and Control Empresarial de Capitales the remaining 20%.

about 2 months ago
Novatek changes its management board composition
Business & Finance

101 European lawmakers urge Danish shipyard to cut its ties with Russia’s Arctic LNG fleet

A cross-party coalition from 16 countries across Europe has called on the last shipyard in the European Union (EU) still servicing the specialized ice-class Arc7 tankers that are perceived to be vital to transporting Russia’s Arctic liquefied natural gas (LNG) exports to end its maintenance of these

about 2 months ago
Fugro to start offshore survey program in Timor-Leste this year
Business & Finance

Fugro to start offshore survey program in Timor-Leste this year

Dutch Fugro has won a contract to perform a survey program offshore Timor-Leste that will support the planning and development of critical offshore energy infrastructure associated with two gas developments. Fugro will deliver an extensive offshore site characterization program, including geophysica

about 2 months ago
WATCH: Floating solar platform installed in Valencia
Business & Finance

WATCH: Floating solar platform installed in Valencia

Spain’s BlueNewables has installed its Paiporta floating solar platform at the Port of Valencia, marking the first major offshore operation of the RENMARINAS project. BlueNewables led the entire engineering scope and EPCI management, including conceptual, basic and detailed engineering; procurement,

about 2 months ago
A jack-up rig
Business & Finance

Borr Drilling’s Mexican JV closer to being five rigs richer as sale clears regulatory hurdle

Bermuda-headquartered Paratus Energy Services has picked up clearance for the divestment of drilling operations and jack-up fleet belonging to Fontis Finance, an indirect subsidiary, which is divesting its assets to Proyectos Globales de Energía y Servicios CME (CME) and BC Ventures, a 50/50 joint v

about 2 months ago
Spain-France hydrogen pipeline exits pre-FEED phase en route to final subsea design
Business & Finance

Spain-France hydrogen pipeline exits pre-FEED phase en route to final subsea design

Following the completion of pre-engineering studies (pre-FEED), the BarMar hydrogen pipeline project, which will connect Spain and France, is entering the front-end engineering design (FEED) phase, set to confirm the technical viability and final design of the subsea infrastructure. BarMar is a 400-

about 2 months ago
Abadi LNG development concept; Source: Inpex
Business & Finance

$21 billion Asian LNG project enters construction phase with groundbreaking ceremony

A groundbreaking ceremony has kicked off construction of a multibillion-dollar liquefied natural gas (LNG) project, operated by Inpex Masela, a subsidiary of Japan’s Inpex, in Indonesia’s Masela block, Asia.

about 2 months ago
Illustration; Source: Baker Hughes
Business & Finance

Baker Hughes brings Chart into its fold, boosting industrial and energy market capabilities

U.S.-headquartered energy technology giant Baker Hughes has wrapped up the buyout of Chart Industries, strengthening its energy and industrial technology arsenal, with further growth anticipated to come from natural gas, data centers, and energy transition undertakings.

about 2 months ago