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Business & Finance

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Deepwater Atlas drillship; Source: Transocean
Business & Finance

BP books Transocean’s first eighth-gen drillship for 365-day drilling program

Transocean has landed a new long-term assignment with the UK-headquartered oil major BP for the first of two eighth-generation drillships to join its rig fleet, which is also considered to be the world’s first drillship with a three-million-pound hook-load and 20,000 psi well control system.

about 1 year ago
Vessel naming ceremony; Source: QatarEnergy
Business & Finance

First LNG vessel duo in QatarEnergy’s historic shipbuilding program get their names (Gallery)

QatarEnergy has held a naming ceremony for the first two conventional-size LNG vessels under its historic shipbuilding program at the Hudong-Zhonghua Shipyard in Shanghai, China.

about 1 year ago
European Union backs South Africa’s hydrogen agenda with €32 million
Business & Finance

European Union backs South Africa’s hydrogen agenda with €32 million

The European Union has committed R628 million (approximately €32 million) in grants to promote the sustainable development of green hydrogen value chains in South Africa.

about 1 year ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Business & Finance

Equinor’s drilling activities end up unearthing more Norwegian gas

Equinor has made a new gas and condensate discovery in the Norwegian Sea off the coast of Norway, using one of the semi-submersible rigs owned by Transocean, an offshore drilling contractor.

about 1 year ago
BW Pavilion Aranthera LNG carrier at Krk terminal in Croatia; Source: LNG Croatia
Business & Finance

Croatia’s gas terminal tucks 100th LNG shipment under its belt in less than four years

MET Group has confirmed the delivery of the 100th liquefied natural gas (LNG) shipment to a floating LNG terminal in Omišalj municipality on the island of Krk, Croatia.

about 1 year ago
Denmark's pilot CO2 storage project paves the way for large-scale CCS
Business & Finance

Denmark’s CO2 storage pilot project paves the way for large-scale CCS

The consortium partners behind Project Greensand have submitted the final report for the CO2 storage pilot project, paving the way for the development of large-scale carbon capture and storage (CCS) in Denmark. Project Greensand marked a world first on March 8, 2023, with the first-ever injection of

about 1 year ago
Illustration; Source: BW LNG
Business & Finance

New deal sets the stage for LNG vessel conversion to bring floating storage unit at gas terminal in Middle East

BW LNG has secured a multi-year deal, which will see it refurbish one of its liquefied natural gas (LNG) carriers into a floating storage unit (FSU) expected to be deployed at an LNG terminal in Jordan.

about 1 year ago
A vessel with a crane at the front
Business & Finance

UAE player parts ways with Australian offshore crew provider in carve-out deal

Abu Dhabi-based investment firm Gulf Capital has sold the Australian subsidiary of Kuiper Group, a manpower outsourcing company for the offshore energy sector owned by the UAE company.

about 1 year ago
Allseas scores $180 million installation contract offshore Philippines
Business & Finance

Allseas scores $180 million installation contract offshore Philippines

Dutch offshore contractor Allseas has secured a $180 million contract with Prime Energy Resources Development, a subsidiary of Prime Infrastructure Capital Inc., to install essential pipeline and umbilical infrastructure for a natural gas field in the Philippines. Prime Energy, leading the Service C

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

One more ‘major breakthrough’ for China as another ultra-deepwater gas discovery springs up

CNOOC has boosted its natural gas reserves with another discovery, which is said to mark the first major exploration breakthrough in ultra-deepwater carbonate rocks off the coast of China.

about 1 year ago
FPSO P-63; Source: Petrobras
Business & Finance

Oil production at Brazilian offshore field comes to a halt with restart date still unknown

Brava Energia has shut down production at an oil field in the Campos basin off the coast of Brazil. The timeline for the resumption of production remains elusive.

about 1 year ago
A view of some pipes in the foreground and a vessel in the background
Business & Finance

Polish energy player to use Lithuania’s LNG reloading capacity until 2030

Lithuanian liquefied natural gas (LNG) terminals’ operator KN Energies has prolonged the contract with Polish energy player ORLEN Group, enabling the latter to use the small-scale reloading station in the Baltic country for five more years. The deal will grant the Polish player sole access to a smal

about 1 year ago
Alpha Star rig; Source: Constellation
Business & Finance

Shell takes Constellation rig for work offshore Brazil

Shell has booked a semi-submersible rig, owned by Constellation Oil Services for a short-term assignment in the Campos Basin off the coast of Brazil.

about 1 year ago
QatarEnergy adds six new huge LNG carriers to its historic fleet expansion program
Business & Finance

QatarEnergy adds six new huge LNG carriers to its historic fleet expansion program

Pressing on with its massive LNG fleet expansion program, Qatar’s state-owned energy giant QatarEnergy has signed another agreement with China State Shipbuilding Corporation (CSSC) for the construction of six additional QC-Max LNG carriers with a capacity of 271,000 cubic meters each, which are desc

about 1 year ago
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