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Business & Finance

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Saipem rigs get new drilling jobs worth $800 million
Business & Finance

Saipem’s drillship tasked with appraising Namibia’s light oil discovery

African energy exploration player Rhino Resources has booked a drillship from Italy’s Saipem to undertake appraisal activities at a light oil-bearing reservoir discovery made during a drilling campaign on Block 2914 in the Orange Basin off the coast of Namibia.

about 3 months ago
Illustration; Source: Archer
Business & Finance

Multimillion-dollar extension keeps Archer busy in Norway for three more years

Oslo Stock Exchange-listed oil services company Archer has won a multi-year contract extension with Norway’s state-owned energy giant Equinor for work on the Norwegian Continental Shelf (NCS).

about 3 months ago
€100 million EU financing backs Port of Klaipėda’s energy transition path
Business & Finance

€100 million EU financing backs Port of Klaipėda’s energy transition path

The European Investment Bank (EIB) has approved approximately €100 million in financing to support the energy transition, among other things, at the Port of Klaipėda in Lithuania. The €201 million project targets the modernization and expansion of the core Trans-European Transport Network (TEN-T) Po

about 3 months ago
Transocean Enabler rig at sea
Business & Finance

Equinor picks up permit for drilling ops with Transocean rig

Norway’s state-owned energy giant Equinor has obtained a drilling permit for operations in the Barents Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 3 months ago
Idle vessel from Shearwater’s fleet finds new owner
Business & Finance

Idle vessel from Shearwater’s fleet finds new owner

As part of its fleet optimization journey, Norway’s Shearwater GeoServices is selling a 14-year-old vessel that has been in lay-up since 2021 to be converted into a dedicated source vessel. Through one of its wholly owned subsidiaries, Shearwater Geoservices has entered into an agreement with an und

about 3 months ago
FPSO BW Opal; Source: Santos
Business & Finance

Australian FPSO production ramp-up on Santos’ agenda next week

Australia’s energy player Santos has disclosed a timeline for a production increase following a restart of output from a floating production, storage, and offloading (FPSO) vessel deployed at its gas project off the coast of Australia’s Northern Territory.

about 3 months ago
LNG operation; Source: Excelerate Energy
Business & Finance

Argentina’s FSRU lines up LNG cargo from Naturgy

A floating storage and regasification unit (FSRU), said to be Argentina’s second liquefied natural gas (LNG) receiving facility, is restocking its arsenal with a new LNG cargo from Naturgy Aprovisionamientos.

about 3 months ago
LNG vessel; Source: GTT
Business & Finance

French firm gets more work with Samsung Heavy Industries for LNG vessel pair

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for a liquefied natural gas (LNG) carrier (LNGC) duo with South Korea’s Samsung Heavy Industries.

about 3 months ago
Illustration; Source: Woodside
Business & Finance

Court case ends in settlement with Woodside and Greenpeace agreeing to foot their own bills

Australian energy giant Woodside and Greenpeace Australia Pacific (GAP), an independent campaigning organization, have reached a settlement in an emissions lawsuit, which has now been dismissed in the Federal Court of Australia.

about 3 months ago
Hydrogen-fueled AUV breaks range expectations with 2,000-kilometer subsea run
Business & Finance

Hydrogen-fueled AUV breaks range expectations with 2,000-kilometer subsea run

An autonomous underwater vehicle (AUV) developed by Canada’s Cellula Robotics has traveled over 2,000 kilometers submerged, powered by a hydrogen fuel cell, exceeding its published performance specification. During the mission, the Envoy AUV made over 4,000 turns and manoeuvres, which used more ener

about 3 months ago
Illustration; Source: Novatek
Business & Finance

EU’s 20th sanctions batch tightens grip on Russia’s oil, gas, LNG and shadow fleet spheres with 632 vessels blacklisted

As the European Union (EU) continues to take steps to constrain Russia’s revenue streams and energy export capacity to bring the Ukraine crisis to an end, it has rubber-stamped a new raft of sanctions against the country, expanding its crackdown on the Russian energy industry and widening the net ar

about 3 months ago
Illustration; Source: Brava Energia
Business & Finance

Ecopetrol widens presence on Brazil’s oil & gas scene with stake in Brava Energia

Colombia’s state-owned oil and gas company Ecopetrol has taken a step to expand its footprint in Brazil’s energy landscape with a move that will enable it to get an equity interest in the country’s oil and gas player Brava Energia.

about 3 months ago
Two US players merge into ‘premier integrated offshore services company’
Business & Finance

Two US players merge into ‘premier integrated offshore services company’

Texas-headquartered offshore energy services provider Helix Energy Solutions and Hornbeck Offshore Services, a Louisiana-headquartered supplier of offshore transport services, have entered into a definitive agreement to combine in an all-stock transaction, establishing what they say will become a pr

about 3 months ago
Gilda platform; Source: BOEM
Business & Finance

BOEM issues environmental review for multi-well stimulation at Californian offshore platform

The U.S. Bureau of Ocean Energy Management (BOEM) has released the final environmental impact statement for proposed offshore well stimulation work at a platform off the coast of California, 28 days after the publication of the notice of intent. The final environmental impact statement evaluates DCO

about 3 months ago
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