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Business & Finance

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Na Kika platform in the Gulf of Mexico - BP
Business & Finance

Shell offloads stakes in certain US Gulf deepwater oil assets for $1.7 billion

Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, has struck deals to divest a non-operated working interest in certain oil assets in the Gulf of America (U.S. Gulf of Mexico).

about 2 months ago
DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions
Business & Finance

DNV assessment clears Fred. Olsen 1848’s floating solar system for rougher conditions

Energy expert and assurance provider DNV has completed an independent technical review of Fred. Olsen 1848’s floating photovoltaic (FPV) concept designed to operate in rougher, more exposed wave conditions than conventional FPV solutions. “This Statement of Compliance represents a significant milest

about 2 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Transocean’s rig trio scoops up $1 billion for drilling work in Norwegian waters

Switzerland-based offshore drilling contractor Transocean has lined up assignments for three of its harsh environment semi-submersible rigs with Norway’s state-owned energy giant Equinor on the Norwegian Continental Shelf (NCS).

about 2 months ago
Illustration; Source: Australian Energy Producers
Business & Finance

Australia in need of new gas investments to ensure energy security

Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has welcomed the 2026 Integrated System Plan (ISP) from the Australian Energy Market Operator (AEMO), which highlights the need for new gas investments to enable grid reliability.

about 2 months ago
Recently upgraded Oceaneering vessel starts cross-regional offshore survey campaign
Business & Finance

Recently upgraded Oceaneering vessel starts cross-regional offshore survey campaign

Oceaneering has begun executing a multi-discipline offshore survey campaign using its Ocean Intervention II (OI2) vessel offshore Trinidad and the U.S. Gulf on behalf of a “large international operator”. The program started in April and includes OI2 delivering integrated geophysical, geotechnical, a

about 2 months ago
DOF Subsea
Business & Finance

More work in Australian waters to keep DOF’s vessel busy for another year

Norwegian vessel owner DOF Group has picked up a contract extension for one of its multipurpose support vessels (MPSVs) off the coast of Australia.

about 2 months ago
Eidesvik vessel scores new long-term gig with Aker BP
Business & Finance

Eidesvik’s 2012-built vessel lines up multi-year gig with Aker BP

Norway’s offshore vessel owner Eidesvik Offshore has strengthened its relationship with Aker BP, a compatriot oil and gas player, through a new deal, which enables one of its platform supply vessels (PSVs) to secure a long-term assignment with the Norwegian operator.

about 2 months ago
Saipem rigs get new drilling jobs worth $800 million
Business & Finance

Appraisal ops at Namibian discovery corroborate oil-bearing reservoir continuity

African energy exploration player Rhino Resources has shed light on the appraisal of an oil discovery in the Orange Basin, confirming a connected oil-bearing reservoir at its appraisal well off the coast of Namibia.

about 2 months ago
Two men standing on the coast at sunset with one of them pointing at an offshore rig
Business & Finance

Two hydrocarbon discoveries enrich Petronas’ oil & gas arsenal in South America

Petronas Suriname E&P, a wholly-owned subsidiary of Malaysia’s state-owned oil and gas heavyweight Petronas, has confirmed two discoveries and a successful appraisal activity in Block 52 off the coast of Suriname.

about 2 months ago
Gjøa platform
Business & Finance

Gas discovery edges closer to development with Equinor-Vår Energi asset swap

As operators embark on portfolio optimization quests, a series of asset exchanges is reshaping the Norwegian Continental Shelf (NCS), with the latest such move coming from Norway’s state-owned energy giant Equinor and its compatriot Vår Energi, which have agreed to a swap of offshore oil and gas ass

about 2 months ago
UAE’s Geosonic to inspect over 200 kilometers of pipeline in Turkmenistan
Business & Finance

UAE’s Geosonic to inspect over 200 kilometers of pipeline in Turkmenistan

UAE-headquartered offshore survey and positioning data provider Geosonic has secured an expanded scope in Turkmenistan, supporting a subsea survey and inspection program described as major. Sharjah-based Geosonic reported that it had secured a further contract in Turkmenistan supporting a program th

about 2 months ago
Latest multi-year deal extends Nigeria LNG's two-decade collaboration with Baker Hughes; Source: Baker Hughes
Business & Finance

13-year deal keeps Baker Hughes busy at African LNG expansion project

U.S.-headquartered energy technology giant Baker Hughes has secured a multi-year assignment at a liquefied natural gas (LNG) expansion project in Nigeria, Africa.

about 2 months ago
FPSO Cidade de Niteroi MV18; Source: MODEC
Business & Finance

MODEC’s FPSO reaches recycling yard after finishing Brazilian assignment

Japan’s MODEC has confirmed the arrival of a floating production, storage, and offloading (FPSO) vessel at a ship recycling facility in Denmark, following the completion of the unit’s work at an oil field off the coast of Brazil.

about 2 months ago
Prelude FLNG; Source: Shell
Business & Finance

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 2 months ago
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