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Business & Finance

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Artist’s rendering of an LNG terminal on the coast featuring two jettys
Business & Finance

US duo joins forces to develop new LNG terminal on Mexico’s Pacific coast

GFI LNG and Pilot LNG have teamed up to develop a small-scale LNG terminal in Mexico’s Salina Cruz on the Pacific side of the Panama Canal.

about 1 year ago
Noble Venturer drillship; Source: Trident Energy
Business & Finance

Noble drillship’s ongoing ops yield ‘promising’ results: One well coming on stream next month, another due online in October

Trident Energy is making inroads in its infill drilling campaign on Block G offshore Equatorial Guinea with a drillship owned by the U.S.-headquartered Noble Corporation.

about 1 year ago
Greater Laggan Area; Source: TotalEnergies
Business & Finance

Seven new UK offshore blocks await TotalEnergies and Kistos in West of Shetland oil & gas producing area

TotalEnergies and Kistos have been presented with seven new blocks or part blocks in an area that contains producing oil and gas assets located West of Shetlands off the coast of the UK.

about 1 year ago
Design of BP's Kaskida FPU in Gulf of Mexico; Source: Exmar Offshore
Business & Finance

BP picks US duo for topside and hull designs of its new Gulf of Mexico-bound floating production unit

BP has hired two Audubon and Exmar Offshore to handle the engineering and design of topside and hull, respectively, for a floating production unit (FPU), which will be deployed at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.

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

Aker BP bolsters digitalization arsenal by streamlining brownfield asset management with help of digital twins

Aker BP has expanded its collaboration with Aize, a digital twin software provider, by including a software-as-a-service (SaaS) agreement for all relevant facilities.

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

MOL grabs bigger stake in MODEC to bolster offshore energy game as decarbonization age goes on

Japan’s MOL has taken hold of a larger stake in MODEC, which will enable it to convert the firm into an equity-method affiliate in pursuit of further growth in both firms’ offshore businesses against the backdrop of energy transition plays that call for a step-up in the decarbonization arena.

about 1 year ago
Pre-lay operations about to begin for first UK-Germany energy link
Business & Finance

Pre-lay operations about to begin for first UK-Germany energy link

The C-Horizon vessel is set to soon kick off shallow water debris removal, boulder relocation and pre-lay grapnel run activity in UK waters to clear the proposed cable route for the first direct energy link between the UK and Germany. The 1.4 GW NeuConnect interconnector will see the construction of

about 1 year ago
Former CEO of Transocean JV takes the same role at Northern Ocean
Business & Finance

Former CEO of Transocean JV takes the same role at Northern Ocean

Oslo Stock Exchange-listed offshore drilling contractor Northern Ocean, a spin-off company of Northern Drilling, has picked a new Chief Executive Officer (CEO) to spearhead the company and oversee the implementation of its growth strategy.

about 1 year ago
Rendering of Rio Grande LNG; Source: NextDecade
Business & Finance

After court axes permit, NextDecade pulls back ‘not sufficiently developed’ CCS application for US LNG project

NextDecade has made a move to retract an application made to the Federal Energy Regulatory Commission (FERC) for a proposed carbon capture and storage (CCS) project envisioned to be deployed as a way to curb the carbon footprint of its liquefied natural gas (LNG) export terminal located at the Port

about 1 year ago
ADNOC, Petronas and Storegga team up on carbon capture and storage off Malaysia
Business & Finance

ADNOC, Petronas and Storegga team up for carbon capture and storage off Malaysia

Malaysian state-owned energy giant Petronas, Abu Dhabi National Oil Company (ADNOC), and UK’s carbon capture and storage (CCS) company Storegga have signed a joint study and development agreement (JSDA) to evaluate the CO2 emissions storage capabilities of saline aquifers and the construction of CCS

about 1 year ago
FPSO Jotun; Source: Vår Energi
Business & Finance

FPSO delay pushes North Sea project’s costs up by $400 million and bumps first oil to 2025

Vår Energi has made changes to the schedule for the start-up of an oil field life extension project in the Norwegian sector of the North Sea, moving it to the second quarter of 2025.

about 1 year ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Stena Drilling’s drillship spuds ‘highly anticipated’ well at gas field offshore Morocco

Energean has started drilling activities at a well located on a natural gas field off the coast of Morocco, using a drillship owned by Stena Drilling, an Aberdeen-based offshore drilling contractor.

about 2 years ago
TGS starts rebranding streamer fleet, gets OBN contract extension in North America
Business & Finance

TGS starts rebranding streamer fleet, gets OBN contract extension in North America

Amid the process of rebranding its offshore streamer fleet, Norwegian seismic company TGS has secured the extension of an existing ocean bottom node (OBN) data acquisition contract in North America. The four-month extension to the existing contract will build on existing operations, enhancing the cl

about 2 years ago
EnerMech bags two deals thanks to its brand-new joint venture in Azerbaijan
Business & Finance

EnerMech scores two ‘major’ pipeline pre-commissioning contracts offshore Malaysia

UK-based oilfield services provider EnerMech has won two “significant” pipeline pre-commissioning contracts offshore East Malaysia to expand pipeline and subsea activities within the region in deep and shallow water environments. According to EnerMech, the contracts are secured with two tier-one cli

about 2 years ago
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