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Business & Finance

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FSRU Turquoise P
Business & Finance

Wärtsilä scores multi-year lifecycle assignment for Türkiye-based FSRU

Finnish technology group Wärtsilä has secured a long-term deal with Ireland-based Pardus Energy to strengthen operational reliability and maintenance predictability for a floating storage and regasification unit (FSRU), working at a liquefied natural gas (LNG) terminal in Aliaga, Türkiye.

about 2 months ago
Singapore and Indonesia target 3.4 GW of cross-border electricity interconnections by 2035
Business & Finance

Singapore and Indonesia target 3.4 GW of cross-border electricity interconnections by 2035

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Government-linked Singapore Energy Interconnections (SGEI) and Danantara Indonesia, through its investment arm Danantara Investment Management (DIM), have signed a memorandum of understanding (MoU) for the development of cross-border electricity interconnections between Indonesia and Singapore. The

about 2 months ago
Naming ceremony for Halwan LNG carrier; Source: K Line
Business & Finance

Korean shipyard hosts naming ceremony for QatarEnergy’s 174,000-cbm LNG carrier

Qatar’s state-owned oil and gas giant QatarEnergy has strengthened its global shipping fleet with the naming ceremony for a liquefied natural gas (LNG) carrier (LNGC) at HD Hyundai Heavy Industries’ shipyard in South Korea.

about 2 months ago
FPSO GranMorgu will feature Fast4Ward design; Source: SBM Offshore
Business & Finance

Halliburton helping breathe life into TotalEnergies’ oil project worth up to $12.2B

U.S.-headquartered oilfield services player Halliburton has been hired on an assignment to assist in developing a giant deepwater oil project in Block 58 off the coast of Suriname, which is operated by France’s energy giant TotalEnergies.

about 2 months ago
Yamal LNG; Source: Novatek
Business & Finance

EU’s Arctic LNG appetite hits new high with €5.96 billion bill for 136 Russian cargoes in H1 2026

The European Union (EU) has become the primary destination of Russia’s Arctic liquefied natural gas (LNG) exports by turning into a backbone of the Russian LNG business in the first six months of 2026, dishing out billions of euros to assuage its LNG cravings with nearly all shipments from Yamal com

about 2 months ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Business & Finance

Golar LNG tasks Axess with work on FLNG pair bound for South American project

Norway-headquartered asset integrity management company Axess Group has picked up new assignments with Golar LNG, the Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, for two floating LNG (FLNG) units destined to be deployed at Argentina’s LNG project

about 2 months ago
NextGeo starts marine surveys for Italy’s electricity connection
Business & Finance

NextGeo starts marine surveys for Italy’s electricity connection

Italy-headquartered Next Geosolutions (NextGeo) has commenced marine surveys for the new Milano-Montalto electricity connection, a strategic infrastructure project aimed at strengthening Italy’s national grid. The activities will cover the seabed route between Montalto di Castro and Massa and will c

about 2 months ago
An offshore rig
Business & Finance

AIM-listed player seeks to widen gas horizons with exploration permit offshore New Zealand

Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in the Asia-Pacific region, is pursuing an expansion of its portfolio by submitting an exploration permit application for an area off the coast of New Zealand.

about 2 months ago
COSL Pioneer rig; Source: COSL Drilling Europe
Business & Finance

North Sea drilling ops with COSL rig on Vår Energi’s agenda for August

Norway’s oil and gas player Vår Energi has obtained a drilling permit for operations in the Norwegian sector of the North Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 2 months ago
Following upgrades, two jack-up rigs kick off their new drilling gigs
Business & Finance

Rig trio to head back to work as Middle East conflict-induced suspensions end

Arabian Drilling, said to be Saudi Arabia’s largest onshore and offshore drilling company by fleet size, has been given the green light to return three rigs to their assignments, following temporary suspensions for some offshore rigs in the Arabian Gulf triggered by the conflict in the Middle East.

about 2 months ago
DOF wins ‘very large’ four-year contract
Business & Finance

DOF wins ‘very large’ four-year contract

Norwegian vessel owner DOF Group has received a letter of award for a “very large”, four-year contract, described as worth between $100 million and $200 million. DOF will deploy the 2009-built Skandi Hera for the contract expected to begin between late 2026 and early 2027, also covering remotely ope

about 2 months ago
Noble Viking drillship; Source: Noble Corporation
Business & Finance

Noble’s 2013-built drillship lines up 296-day Southeast Asian job

Noble Corporation, a U.S.-based offshore drilling giant, has landed a new multi-well deal for one of its drillships off the coast of Brunei, Southeast Asia.

about 2 months ago
NAGA 3 rig; Source: Velesto Energy
Business & Finance

Velesto scraps proposed sale of 16-year-old jack-up rig

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has called off a deal to offload a 2010-built jack-up rig.

about 2 months ago
After TechnipFMC, Eni brings OneSubsea onboard Côte d’Ivoire project
Business & Finance

After TechnipFMC, Eni brings OneSubsea onboard Côte d’Ivoire project

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a multi-well engineering, procurement, and construction (EPC) contract with Eni for the third phase of an oil & gas development project off the coast of Côte d’Ivoire. SLB OneSubsea will deliver complete subsea product

about 2 months ago