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Business & Finance

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Borgland Dolphin drilling rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling getting over $20M for rig cancellation

Dolphin Drilling has struck a deal with a North Sea operator to receive a compensation fee for the early termination of a drilling campaign one of its semi-submersible rigs was hired to carry out on the UK Continental Shelf (UKCS).

about 1 year ago
High Island IV jack-up rig; Source: Shelf-Drilling
Business & Finance

Aramco suspends ops for Borr and Shelf Drilling rigs for up to a year

Borr Drilling and Shelf Drilling have received notices of temporary suspension of operations for two jack-up rigs working for Aramco, Saudi Arabia’s energy giant, in the Middle East.

about 1 year ago
BW LPG takes over second VLGC from Avance Gas, continues fleet renewal with new strategic sale and purchase
Business & Finance

BW LPG takes over second VLGC from Avance Gas, continues fleet renewal with new strategic sale and purchase

Singapore-based ship owner and operator BW LPG has taken delivery of the second of twelve very large gas carriers (VLGCs) acquired from Norwegian shipping company Avance Gas under the $1 billion deal in August 2024. At the same time, the company is pressing ahead with its fleet renewal program throu

about 1 year ago
Energy and marine consultancy ABL settles in New Zealand
Business & Finance

After almost 40 years in the region, ABL settles in New Zealand

Energy and marine consultancy ABL has expanded into New Zealand with the aim of supporting the country’s maritime and offshore energy markets. ABL New Zealand, located at Mount Maunganui, will offer the full range of energy and marine consultancy services, with a particular focus on marine surveying

about 1 year ago
Illustration; Credit: OEUK
Business & Finance

UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033

Offshore Energies UK (OEUK) has outlined in its new report that decommissioning work could account for 22% of the cumulative oil and gas spend over the next ten years.

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

Out with the old FPSO after eight years, in with the new one at oil field offshore Brazil

An FPSO is leaving an oil field off the coast of Brazil after spending eight years there, as another unit prepares to take its place once the field’s operator, Brava Energia gets the remaining requirements out of the way.

about 1 year ago
West Auriga drillship; Source: Seadrill
Business & Finance

Seadrill’s drillship pair heading into the home stretch to start drilling job offshore Brazil

Seadrill has welcomed back to its rig fleet two drillships, which are getting the finishing touches out of the way to begin their new multimillion-dollar drilling assignments off the coast of Brazil, which are slated to last until the end of 2027.

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

TotalEnergies ups methane detection ante and signs up another firm to its drone-based tech

TotalEnergies has set its cap on deploying real-time methane emissions detection equipment on all operated upstream assets as part of its efforts to curtail the methane footprint from its operations.

about 1 year ago
Tender opens for Greece's second HVDC cable system
Business & Finance

Tender opens for Greece’s second HVDC cable system

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE) has launched the tender for the country’s second high-voltage direct current (HVDC) cable system, a project that will integrate the Dodecanese Islands into the mainland high-voltage grid. The tender f

about 1 year ago
Engineers standing in line in front of a large sign
Business & Finance

Strike steel ceremony held for ‘largest FPSO in Petrobras’ history’

A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras.

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Business & Finance

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago
European Commission
Business & Finance

Funding for EU’s second hydrogen auction increases to around €2 billion

Spain, Lithuania and Austria will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, which will be launched on December 3, 2024.

about 1 year ago
Cantarell III rig; Source: Keppel
Business & Finance

Keppel taking back control over 13 rigs in hot pursuit of monetization during offshore drilling upcycle

In light of the improving conditions in the offshore rig market, Singapore-headquartered asset manager and operator Keppel has set the wheels in motion to seize control and return to its fold 13 legacy rigs currently held by Rigco Holding (Asset Co).

about 1 year ago
António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth
Business & Finance

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

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