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Business & Finance

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Noble Developer rig; Source: Noble
Business & Finance

Rig market, oil & gas mergers and JV blockbuster moves mark 2024

A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top

14 minutes read
Woodside Louisiana LNG, former Driftwood LNG; Source: Tellurian, now part of Woodside Energy
Business & Finance

After Baker Hughes another US firm lands job on Louisiana LNG

Chart Industries has been selected to supply some of the required pieces to complete a proposed liquefied natural gas (LNG) terminal puzzle in Louisiana, United States.

about 1 year ago
Freeport LNG
Business & Finance

American LNG project cheers 800th cargo milestone

A liquefied natural gas (LNG) export project in Texas, United States (U.S.), has marked the shipment of 800 cargos.

about 1 year ago
Rendering of an LNG terminal
Business & Finance

Report calls LNG ‘a false solution’ harming the climate, urging banks to stop financing export terminals

Non-governmental research and campaigning organization Reclaim Finance and BankTrack, an international tracking, campaigning, and civil society support organization targeting private sector commercial banks and the activities they finance, have published a report asking banks to stop financing lique

about 1 year ago
FPSO Atlanta; Source: Brava Energia
Business & Finance

Brazilian FPSO ticks first oil milestone off its list before ringing in new year

Brava Energia has brought a floating production, storage, and offloading (FPSO) vessel off the coast of Brazil online, starting production at an oil field in the Santos Basin.

about 1 year ago
Ocean Apex rig; Source: Noble
Business & Finance

Noble rig lines up new drilling gig offshore Australia

Noble Corporation has landed a new assignment for one of its semi-submersible rigs off the coast of Australia.

about 1 year ago
Offshore Energy Recap 2024
Business & Finance

Readers’ choice: Offshore Energy’s most-read news of 2024

With increasing coverage of global energy transition efforts, but also energy security worries, keeping up with everything can be a challenge. To celebrate the year gone by, the Offshore Energy editorial team brings you the most-read stories on the site that defined the journey throughout 2024. $30

about 1 year ago
Illustration; Source: TotalEnergies
Business & Finance

2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fue

53 minutes read
Santorini drillship; Source: Saipem
Business & Finance

Fresh oil & gas-condensate discovery comes to light in Namibia

Galp has found more light oil and gas-condensate in the second of up to four wells within its current exploration and appraisal (E&A) program in license PEL 83 off the coast of Namibia.

about 1 year ago
TenneT
Business & Finance

LS Cable & System, Jan De Nul, and Denys to supply cables for TenneT’s German grid connection project

A consortium comprising LS Cable & System, Jan De Nul, and Denys has received a letter of allocation (LOA) from German/Dutch transmission system operator (TSO) TenneT for the supply of high-voltage direct current (HVDC) cables for the BalWin5 grid connection project in Germany. Under the LOA, the co

about 1 year ago
Noble Developer rig; Source: Noble
Business & Finance

Noble rig scores multi-well drilling gig offshore Suriname

Noble Corporation has got a new drilling assignment off the coast of Suriname, which will be conducted by its 2009-built semi-submersible rig, currently stationed in Trinidad and Tobago.

about 1 year ago
FPSO Atlanta; Source: Brava Energia
Business & Finance

Hat trick for Brazil’s oil & gas firm with FPSO start-up clearance, production restart at another field and portfolio expansion

Brava Energia, former 3R Petroleum before the merger with Enauta, is having a busy holiday season, as green light comes in for the firm to put a floating production, storage, and offloading (FPSO) vessel into operation mode, production resumes at another asset, and the acquisition of interests in mu

about 1 year ago
Investigation into damage of Finland-Estonia link finds dragging marks on seabed
Business & Finance

Investigation into damage of Finland-Estonia link finds dragging marks on seabed

The investigation into the damage that occurred on Christmas day on the Eastlink 2 undersea cable between Finland and Estonia in the Baltic Sea has found a dragging track on the seabed that is dozens of kilometers long, the Finnish police reported. To remind, Finland’s transmission system operator (

about 1 year ago
FPSO PTSC Lam Son; Source: Yinson
Business & Finance

FPSO gets at least 18 more months of work offshore Asia

A floating production, storage, and offloading (FPSO) vessel, which is working off the coast of Vietnam, has secured further work in the Cuu Long Basin in Southeast Asia, where it has been operating for a decade.

about 1 year ago
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