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Business & Finance

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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.

12 days 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

12 days 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

12 days 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

13 days 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.

13 days 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.

13 days 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.

13 days 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

13 days 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.

13 days 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.

13 days 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

13 days ago
Petronas' Malaysian LNG Complex at Bintulu, Sarawak; Source: Petronas
Business & Finance

Petronas expands three-decade-long LNG ties with Shizuoka Gas up to 2039

Petronas LNG Ltd. (PLL), a subsidiary of Malaysia’s energy giant Petroliam Nasional Berhad (Petronas), has sealed a new liquefied natural gas (LNG) deal with Japan’s Shizuoka Gas, building on a partnership spanning three decades, as the duo reaffirms their shared commitment to strengthening long-ter

13 days ago
Kongsberg Maritime to acquire Sweden’s Berg Propulsion
Business & Finance

Kongsberg Maritime to acquire Sweden’s Berg Propulsion

Norwegian maritime technologies company Kongsberg Maritime is set to acquire Berg Propulsion, a Swedish designer and manufacturer of integrated propulsion and electrical systems for the maritime market. When announcing the acquisition, Kongsberg Maritime said that the move represents a strategic ste

14 days ago
FSRU Dioriga Gas; Source: Dioriga Gas
Business & Finance

New player eyes coming aboard Greece’s FSRU project with Aktor-Motor Oil deal

Greece’s Motor Oil Hellas (MOH) has struck a deal with its compatriot Aktor to divest half of its subsidiary’s stake in a floating storage and regasification unit (FSRU) project, which is anticipated to boost liquefied natural gas (LNG) supply in the European country.

14 days ago
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