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Illustration. Source: Equinor
Business & Finance

Norway still holds ‘valuable’ gas resources but uncertainty looms over development for some

The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that have yet to be developed.

about 2 years ago
Snam completes purchase of FSRU BW Singapore to be deployed off Ravenna
Business & Finance

Snam completes purchase of FSRU BW Singapore to be deployed off Ravenna

Italian energy player Snam has finalized the acquisition of the floating storage and regasification unit (FSRU) BW Singapore which will be deployed offshore Ravenna, Italy, contributing to the country’s energy security and diversification. On July 6, 2022, Snam and BW LNG signed the agreement for th

about 2 years ago
Shipping
Business & Finance

Blue Mediterranean Partnership gains momentum with €1 billion investment pledge at COP28

The Blue Mediterranean Partnership, a collaborative initiative aimed at fostering a sustainable blue economy in the Mediterranean region, has received a substantial boost with key stakeholders, donors, and beneficiary country representatives signing a letter of intent at COP28, vowing to make the pa

about 2 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Shell gets rubber stamp to deploy Odfjell Drilling-managed rig for ops in North Sea

Shell has received the green light to use an Odfjell Drilling-managed rig for plugging and abandonment activities in the North Sea.

about 2 years ago
BrasFELS Shipyard (BrasFELS); Source: Seatrium
Business & Finance

MODEC hires Seatrium for Brazil-bound FPSO topside modules fabrication project

Seatrium has won a contract with MODEC to undertake parts of the topside modules fabrication of an FPSO destined to work in Brazil.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling breaks off rig deal due to contract breach

Dolphin Drilling has pulled the plug on its contract for a semi-submersible rig with Peak Petroleum for operations off Nigeria.

about 2 years ago
Ocean BlackRhino drillship; Source: Icon Engineering
Business & Finance

AGR going to Guinea-Bissau for well management job

AGR has been awarded a well management contract by Apus Energia for a deepwater exploration well in the Sinapa license offshore Guinea-Bissau.

about 2 years ago
Preferred tie-in point of Anning and Somerville fields to Shell’s infrastructure (Corvette and Leman-A platforms); Source: Hartshead
Business & Finance

With amendments in place, funding solution secured for UK North Sea gas project

Hartshead and RockRose have reached an agreement to amend the farm-out agreement and joint operating agreement (JOA).

about 2 years ago
Maersk to pour half a billion dollars into Southeast Asia infrastructure
Business & Finance

Maersk to pour half a billion dollars into Southeast Asia infrastructure

Danish shipping giant A.P. Møller–Maersk has revealed its plans to invest more than $500 million to expand its supply chain infrastructure in Southeast Asia.

about 2 years ago
NAGA 2 rig; Source: Velesto Energy
Business & Finance

Jadestone’s infill drilling campaign off Malaysia seen as ‘very successful’

Jadestone Energy has wrapped up the drilling activities at the final well in its infill drilling campaign offshore Peninsular Malaysia.

about 2 years ago
PGS
Business & Finance

TGS and PGS shareholders back merger to create ‘premier energy data’ player

PGS has made progress in its merger with TGS after shareholders of both companies threw their support behind the merger in a bid to establish a stronger and more diversified geophysical company and data provider to the energy value chain.

about 2 years ago
Illustration; Source: PXGEO
Business & Finance

Petrobras books PXGEO for another survey gig off Brazil

PXGEO has won a new contract with Brazil’s state-owned oil and gas giant Petrobras for a 4D ocean bottom node (OBN) survey offshore Brazil.

about 2 years ago
Fincantieri
Business & Finance

Fincantieri boosting offshore and subsea sectors’ growth with new acquisition

Italian shipbuilding giant Fincantieri has set forth the main terms and conditions for the acquisition of 100% shares of Remazel Engineering.

about 2 years ago
Vopak becomes 50% shareholder in EemsEnergy Terminal
Business & Finance

Vopak becomes 50% shareholder in EemsEnergy Terminal

Dutch tank storage company Vopak and compatriot energy network operator Gasunie have completed the principle agreement whereby Vopak becomes a 50% shareholder in EemsEnergy Terminal, an LNG import terminal in Eemshaven in the Netherlands. Vopak and Gasunie announced the principle agreement in April

about 2 years ago
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