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Business & Finance

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Valaris DPS-5 rig. Source: Lukoil
Business & Finance

Fresh oil & gas discovery in Latin America puts hub development on the table

Eni has made a new oil and gas discovery in an exploration well located in Block 9 in the Sureste Basin offshore Mexico, using a Valaris-owned semi-submersible rig.

about 2 years ago
Calcasieu Pass project (for illustration purposes); Source: Venture Global LNG
Business & Finance

LNG permitting freeze in court-imposed meltdown mode: Game over for ‘epiphany of ideocracy’ or more fierce US energy battles?

A preliminary injunction from a court in Louisiana has broken a temporary lull in approvals of U.S. liquefied natural gas (LNG) exports to non-free trade agreement (FTA) countries, widening the gap between Big Oil supporters and fossil fuel fighters while the case plays out.

35 minutes read
Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas
Business & Finance

Sea Lion ready to roar as ‘next big thing’ once Falkland Islands gives the all-clear

Navitas has confirmed that its giant Sea Lion oil project is ready for a final investment decision (FID), which is still anticipated during 2024 for Phase 1.

about 2 years ago
Selene prospect was drilled with the Valaris 123 jack-up rig; Source: Deltic Energy
Business & Finance

UK firm boosts portfolio with new license close to North Sea gas field

Deltic Energy has accepted one of the two licenses provisionally awarded under the UK’s 33rd offshore licensing round by the NSTA.

about 2 years ago
Tender process opens for UK's 680-kilometer subsea link
Business & Finance

Tender process opens for UK’s largest proposed HVDC transmission project

SSEN Transmission has opened the tendering for cable and converter work packages for Eastern Green Link 3 (EGL3), the UK’s largest proposed HVDC transmission project, which will link Peterhead in Scotland and Norfolk in England. EGL3, a joint venture between SSEN Transmission and National Grid Elect

about 2 years ago
Kristin platform; Credit: Marit Hommedal/Equinor
Business & Finance

Equinor brings online first of five oil & gas tie-backs to existing platform offshore Norway

Equinor has started production from the first well in its planned five-well project on the Norwegian Continental Shelf (NCS), being developed as a tie-back to an existing offshore platform in the Norwegian Sea.

about 2 years ago
'Industry-first' as Prysmian installs HVDC cable in waters over 2,000 meters deep
Business & Finance

‘Industry-first’ as Prysmian installs HVDC cable in waters over 2,000 meters deep

Italian cabling giant Prysmian Group has performed what is said to be the industry’s first installation of an HVDC cable at a water depth of 2,150 meters. Prysmian completed the sea trial tests for ultra-deep installation of a 500 kV HVDC MI cable at a 2,150-meter water depth, stating that this is i

about 2 years ago
GSP Uranus rig and Antares vessel; Source: Trillion Energy
Business & Finance

Stage set for next phase of multi-well drilling program offshore Türkiye

Trillion Energy has provided an update on activities relating to the operations it plans to perform at a natural gas field offshore Türkiye.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies targets partial gas production restart from Tyra II this summer

TotalEnergies is now anticipating that gas production from its giant redevelopment project in the North Sea will partially resume during the summer.

about 2 years ago
Norwegian firm secures its first seismic node project
Business & Finance

Norwegian firm secures its first seismic node project

Norwegian Electromagnetic Geoservices (EMGS) has secured what it says is its first seismic node project, as part of its strategy to diversify its offerings and enhance vessel utilization. EMGS is set to undertake a fully pre-funded ocean bottom node (OBN) seismic survey in the Barents Sea in collabo

about 2 years ago
Safe Caledonia flotel; Source: Prosafe
Business & Finance

Prosafe flotel finds new job with North Sea oil & gas operator

Prosafe has secured a letter of award (LoI) with Ithaca Energy for work one of its flotels will undertake in the UK sector of the North Sea.

about 2 years ago
FLNG Hilli Episeyo; Source: Golar LNG
Business & Finance

20-year FLNG gig in South America opening doors to LNG exporters’ club for Argentina

Golar LNG has sealed a deal with Pan American Energy for a multi-year use of an FLNG, which will leverage Argentina’s prolific natural gas resources, positioning the South American country for further LNG expansion.

about 2 years ago
Illustration; Source: Ocean Yield
Business & Finance

Ocean Yield’s foray into LNG to add $840 million to its backlog

Ocean Yield has revealed its intention to buy an interest in France’s Geogas LNG from infrastructure fund CVC DIF, which marks its first acquisition in the liquefied natural gas (LNG) segment.

about 2 years ago
Illustration; Source: Tilbury Pacific
Business & Finance

LNG project forging ahead as Canada gives its blessing

Canada has greenlighted a project aiming to build a dock to supply trans-oceanic vessels with LNG at the Port of Vancouver.

about 2 years ago
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