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Business & Finance

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Perenco's Cap Lopez terminal in Gabon; Source: Dixstone
Business & Finance

African FLNG project getting its ‘ideal choice’ of LNG liquefaction technology

Perenco has picked a liquefied natural gas (LNG) liquefaction technology partner for its floating LNG (FLNG) project in Gabon, West Africa. Thanks to this, Aragon, a Norway-headquartered engineering, procurement, and construction (EPC) player, which is part of Seatrium, will work on the firm’s FLNG

about 1 year ago
Emirati company wins $1B contract for subsea gas pipeline in Taiwan
Business & Finance

Emirati company wins $1B contract for subsea gas pipeline in Taiwan

UAE’s NMDC Energy, formerly known as National Petroleum Construction Company, has secured a $1.136 billion engineering, procurement, and construction (EPC) contract with a Taiwanese company for the installation of subsea gas pipelines, among other things, for the renewal of a power plant in Taiwan.

about 1 year ago
Denmark's tender invites applications for coastal CO2 storage exploration
Business & Finance

Denmark inviting applications for coastal CO2 storage exploration

The Danish Energy Agency is today opening the fourth round of tenders inviting companies to apply for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark. The tender covers three areas near the Danish coast – Jammerbugt, Lisa and Inez, which are among several

about 1 year ago
Safe Zephyrus; Source: Prosafe
Business & Finance

Prosafe vessel staying 954 more days with Petrobras

Prosafe has won a multimillion-dollar contract extension for one of its semi-submersible vessels, which is providing safety and maintenance support to Petrobras, a Brazilian state-owned energy giant.

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

Yinson Production confirms first oil from its third FPSO in Brazil

Yinson Production has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals.

about 1 year ago
Kongsberg Discovery expands with purchase of subsea monitoring provider
Business & Finance

Kongsberg Discovery expands with purchase of subsea monitoring provider

Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, has acquired compatriot Naxys Technologies, a provider of underwater environmental monitoring solutions, specializing in recognizing the sound of oil & gas leaks. Formed in 1999, Naxys Technologies’ c

about 1 year ago
Illustration; Source: ADNOC Logistics and Services
Business & Finance

ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion

In a deal worth $1.04 billion (AED 3.8 billion), ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired an 80% stake in Navig8 TopCo Holdings, a provider of shipping management services.

about 1 year ago
Production capacity of 1.3 million barrels of oil per day expected by the end of 2027 offshore Guyana; Source: ExxonMobil
Business & Finance

ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025

With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana.

about 1 year ago
KCA Deutag
Business & Finance

Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag

KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK.

about 1 year ago
Rovuma LNG project concept in Mozambique; Source: Eni
Business & Finance

ExxonMobil hires US firm to work on its global LNG portfolio

Chart Industries has expanded its relationship with ExxonMobil with a new deal that puts assignments for certain parts and aspects of the oil major’s entire LNG portfolio on its menu.

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

Rig duo from Odfjell Drilling’s fleet to conduct hydrocarbon exploration ops in Norway

The Norwegian authorities have handed out two drilling permits, which will enable the drilling of an exploration well in the Norwegian Sea and another one in the North Sea, using one of Odfjell Drilling’s semi-submersible rigs for the first one and one of the offshore drilling player’s managed rigs

about 1 year ago
DeepOcean to reunite with high-spec subsea vessel under new charter contract
Business & Finance

DeepOcean to reunite with high-spec subsea vessel under new charter contract

DeepOcean is reuniting with the high-spec subsea vessel Orient Adventurer under a charter contract with Taiwanese Dong Fang Offshore (DFO) which will see the vessel join the Norwegian company’s fleet from early 2026 until the end of 2027. DeepOcean will use Orient Adventurer primarily in Europe, but

about 1 year ago
Hibernia platform; Source: Hibernia Management and Development Company/ExxonMobil
Business & Finance

Oil & gas get the blame for Trump’s expansionist pretensions toward Canada, renewables portrayed as road to independence

Given the uptick in Canada’s oil and gas stocks, some blame the fossil fuel industry for Trump’s annexation threat, painting renewable energy as the solution.

11 minutes read
Allseas delivers 700-kilometer natural gas pipeline off Mexico
Business & Finance

Allseas delivers 700-kilometer natural gas pipeline off Mexico

Allseas has completed its offshore pipelay commitments for a 700-kilometer-long natural gas pipeline in Mexico ahead of schedule, for its client TC Energy. The Southeast Gateway 36-inch natural gas pipeline runs south along the coast from Tuxpan through the Gulf of Mexico to Coatzacoalcos and Dos Bo

about 1 year ago
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