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Business & Finance

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Offshore platforms
Business & Finance

Valeura advances Gulf of Thailand expansion with PTTEP farm-in approval

Canadian oil and gas company Valeura Energy has received the go-ahead for its acquisition of partial stakes in two offshore blocks in the Gulf of Thailand from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP).

6 days ago
A digital rendering of an LNG plant by the coast
Business & Finance

Santos broadens Asia-Pacific LNG portfolio with Canadian supply and 10-year POSCO deal

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Australia’s energy player Santos is stepping up its liquefied natural gas (LNG) push in Asia through a long-term supply deal with South Korea’s POSCO and a proposed agreement to buy 1 million tonnes per year (mtpa) from an LNG project being developed on Canada’s northwest coast to export lower-carbo

7 days ago
Borr Galar and Borr Njord; Photo credit: GPO Heavylift
Business & Finance

Borr Drilling keeps three jack-up rigs as it reorganizes Mexico ops with stake sale

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has taken steps to streamline its operations in Mexico through a sale of its interests in joint ventures Perforaciones Estratégicas e Integrales Mexicana and Perforaciones Estratégicas e Integrales Mexicana II, known toge

7 days ago
Strohm's manufacturing base in the Netherlands; Source: Strohm
Business & Finance

Petrobras taps Strohm for up to 1,500-meter deepwater TCP trial offshore Brazil

Dutch thermoplastic composite pipe (TCP) manufacturer Strohm has been hired on an assignment, covering the supply, qualification and offshore trial of thermoplastic composite pipe (TCP) for water injection and gas lift applications in Brazil’s deepwater post-salt province, in a project that will tes

7 days ago
Illustration of FPSO with full scale (100 MW) SOFC installation with integrated carbon capture; Source: MODEC
Business & Finance

MODEC, Eld Energy chart path to low-carbon FPSO power with ABS milestone

Japan’s MODEC and Eld Energy, a Norwegian fuel cell system company, have cleared a key milestone in the new technology qualification (NTQ) process from the American Bureau of Shipping (ABS), advancing their solid oxide fuel cell (SOFC) power system toward deployment on operating floating production,

7 days ago
COSL Innovator rig; Source: COSL Drilling Europe
Business & Finance

Thumbs-up for Equinor’s North Sea drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

7 days ago
Left to right: Kwang-Pil Chang, Senior Executive Vice President - Advanced Research Center, HD KSOE; Andy McKeran, Chief Growth Officer, Lloyd’s Register; and Hongryeul Ryu, Executive Vice President &
Business & Finance

Hybrid electric propulsion at the heart of next-gen LNG carrier design

London-headquartered Lloyd’s Register (LR), a maritime classification and technical services provider, is teaming up with South Korea’s HD Hyundai Heavy Industries (HHI), headquartered in Ulsan, and HD Korea Shipbuilding & Offshore Engineering (KSOE), based in Seongnam, to push hybrid-electric propu

7 days ago
Illustration; Source: Shell
Business & Finance

Shell and MET Group pen new multi-year US LNG supply deal

MET International, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and UK-headquartered energy giant Shell have struck a long-term liquefied natural gas (LNG) agreement to strengthen Europe’s energy security with LNG sourced from the United States (U.S.).

7 days ago
CETO technology
Business & Finance

New US wave power test facility on Carnegie Clean Energy contender list for potential CETO demo

Australian ocean energy developer Carnegie Clean Energy has put a newly opened U.S. wave energy test facility on its list of potential sites for a future demonstration of its wave energy converter technology designed to convert energy from ocean waves into electricity, as the company progresses its

8 days ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

Germany-UAE energy ties deepen as RWE, Masdar and ADNOC eye LNG supply and €3B offshore wind investment

Germany and the United Arab Emirates are stepping up energy cooperation, with German power producer RWE joining Abu Dhabi clean-energy firm Masdar and oil and gas giant ADNOC to pursue plans spanning more than €3 billion in potential offshore wind investment and advancing talks on long-term liquefie

8 days ago
FPSO Agogo; Source: Azule Energy
Business & Finance

Saipem picks up $350 million subsea job offshore Angola

Italy’s engineering, drilling, and construction services company Saipem has won a roughly $350 million contract from Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, for subsea work on an offshore development in Angola, adding another major deepwater award to the Italian contractor

8 days ago
Plaquemines LNG; Courtesy of Venture Global LNG
Business & Finance

Baker Hughes enlisted to power next wave of Venture Global’s LNG expansion

U.S.-headquartered energy technology giant Baker Hughes and Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, are deepening their partnership as the LNG developer moves forward with the next stage of a major U.S. LNG infrastructure buildout.

8 days ago
Gjøa; Source: Vår Energi
Business & Finance

Fulkrum steps up Norwegian offshore oil & gas presence with Vår Energi deal

Fulkrum, a London-headquartered technical services company providing inspection, expediting, auditing and technical staffing solutions to energy and industrial projects, has landed an inspection services contract with Vår Energi, an independent oil and gas operator on the Norwegian Continental Shelf

8 days ago
SED Energy Holdings and Ventura Offshore to unite into one
Business & Finance

SED Energy Holdings and Ventura Offshore to unite into one

SED Energy Holdings and Ventura Offshore have signed a letter of intent (LoI) for an all-share combination with the aim of creating a larger and stronger publicly listed energy services platform. Energy Holdings will acquire 100% of the outstanding shares in Ventura Offshore, remaining the listed pa

11 days ago