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Business & Finance

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Illustration; Source: Petrobras
Business & Finance

Petrobras, Shell, and CNOOC ink deals for three blocks offshore Brazil

Petrobras, Shell, and CNOOC have signed three concession contracts for three blocks in the Pelotas Basin acquired at the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023.

about 1 year ago
Shearwater GeoServices to perform two consecutive projects in Asia Pacific
Business & Finance

Shearwater GeoServices to perform two consecutive projects in Asia Pacific

After a number of announcements revealing work scheduled for 2025, Norwegian marine geoscience and technology company Shearwater GeoServices has secured two consecutive projects in Asia Pacific that will be carried out this year. Shearwater will perform two consecutive towed streamer survey projects

about 1 year ago
Atlantic LNG
Business & Finance

KBR takes on more work at Shell’s giant gas project in Trinidad and Tobago

U.S. science, technology, and engineering player KBR has won an engineering and procurement services contract for upgrade work related to a gas development project, which is envisioned to boost the liquified natural gas (LNG) arsenal in Trinidad and Tobago. KBR will work on the Beachfield Manatee up

about 1 year ago
Bunker One sets up new entity to manage physical LNG portfolio, charters Anthony Veder’s bunker vessel
Business & Finance

Bunker One sets up new entity to manage physical LNG portfolio, charters Anthony Veder’s bunker vessel

Denmark-based marine fuels supplier Bunker One has set up a new entity, Bunker One LNG BV, that will manage the physical LNG fuel portfolio, with plans to commence the first deliveries in northwestern Europe as of January 2025. Through the newly established entity, Bunker One will expand its current

about 1 year ago
Illustration of the field support vessel; Credit: Marin Teknikk
Business & Finance

Norwegian firm gets work on new vessel for Europe’s huge gas project

Norwegian Electric Systems (NES) has been tasked with developing and delivering complete energy design, an integrated automation system, and its future-oriented bridge system for a field support vessel a Norwegian shipyard is constructing for a giant gas project operated by Romanian’s integrated ene

about 1 year ago
Horisont Energi looking for partner(s) for Barents Sea CO2 exploration license as ORLEN withdraws
Business & Finance

Horisont Energi looking for new partners for Barents Sea CO2 exploration license as ORLEN withdraws

ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li

about 1 year ago
Illustration; Source: Shelf Drilling
Business & Finance

Shelf Drilling all done with triangular merger

Shelf Drilling (SHLF) has wrapped up a business combination structured as a triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS) as the surviving entity in the proposed business combination, and SHLF as the issuer of the merger consideration shares.

about 1 year ago
Fulmar platform in UK waters; Source: Repsol
Business & Finance

Baker Hughes and Repsol enhancing oil & gas production with AI-powered solutions

Baker Hughes has pooled resources with Spain’s Repsol to bring new artificial intelligence (AI) processes and workflows into play to unlock further improvements in the oil and gas production arena.

about 1 year ago
Closeup view of pipes onboard a vessel
Business & Finance

Swiss player procures 8 LNG carriers compressor gig with Hanwha Ocean

Swiss compression specialist Burckhardt Compression has received an order to deliver liquefied natural gas (LNG) boil-off-gas handling compressors for eight LNG carriers built by South Korea’s shipbuilder Hanwha Ocean.

about 1 year ago
SLB OneSubsea to deliver full subsea equipment scope for one of Brazil’s largest producing assets
Business & Finance

SLB OneSubsea to deliver full subsea equipment scope for one of Brazil’s largest producing assets

SLB’s OneSubsea joint venture (JV) has secured what it says is a major contract with Brazil’s state-owned energy giant Petrobras to deliver the full subsea equipment scope for a deepwater project in the Campos Basin off Brazil. Following a competitive tender, OneSubsea has been appointed to deliver

about 1 year ago
Darwin LNG; Source: Santos
Business & Finance

Santos secures $800 million loan to wrap up life extension works at Australian LNG project

Santos has obtained the required financing to complete all the tasks on a liquefied natural gas (LNG) project’s life extension checklist and start production from its gas development project off the coast of Australia, which will backfill Darwin LNG (DLNG) for up to two decades.

about 1 year ago
Firefighting operation related to the stricken Annika oil tanker in the Baltic Sea; Source: Die Seenotretter - DGzRS
Business & Finance

Black smoke billows out as fire burns at oil tanker off Germany’s Baltic Sea coast

A seven-member crew has been evacuated and taken ashore after a fire broke out in the engine room of an oil tanker off the coast of Germany, however, efforts continue to put out the blaze.

about 1 year ago
Rendering of Scarborough FPU
Business & Finance

Massive $12.5B gas project over two-thirds done as Saipem puts in ‘critical piece of infrastructure’ offshore Australia

Woodside is continuing to make inroads in developing its giant energy project off the coast of Australia.

about 1 year ago
Sabratha platform; Source: Mellitah Oil & Gas
Business & Finance

Libyan player looking for contractors for offshore platform job

Mellitah Oil & Gas (MOG) Libyan Branch, a consortium formed by the National Oil Corporation of Libya and Eni North Africa, has invited interested engineering, procurement, construction, and commissioning (EPCC) firms experienced in offshore production fixed platform systems to express their interest

about 1 year ago
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