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Business & Finance

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An offshore rig
Business & Finance

Oil & gas duo join forces to find rig for drilling campaigns in Southeast Asia

SundaGas Banda Unipessoal, a wholly owned subsidiary of the UK-based and AIM-listed Sunda Energy, has teamed up with Finder Timor-Leste, a subsidiary of Perth-based oil and gas exploration player Finder Energy, to obtain a rig for the two companies’ drilling programs off the coast of the Democratic

about 3 months ago
A man looking at a large vessel at sea
Business & Finance

Subsea7 and OneSubsea strike long-term collaboration with Petronas in Suriname

Subsea Integration Alliance (SIA), comprising SLB OneSubsea and Subsea7, and Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned oil & gas firm Petronas, have signed a strategic collaboration agreement for field development projects in Suriname. The agreement establishes a long-term framew

about 3 months ago
Commonwealth LNG design; Source: Commonwealth LNG
Business & Finance

$12.5 billion US LNG project nearing FID with full commercialization in hand

America’s integrated gas and LNG company Caturus, controlled by the energy-focused alternative investment manager Kimmeridge, has confirmed the achievement of full commercialization for a liquefied natural gas export project under development in Louisiana.

about 3 months ago
Sawgrass LNG & Power completes LNG shore-to-ship bunkering operation at Port Everglades in Fort Laude; Source: Sawgrass LNG & Power
Business & Finance

‘First-ever’ LNG shore-to-ship bunkering ops wind down at South Florida’s port

Florida-headquartered Sawgrass LNG & Power, a provider of liquefied natural gas (LNG) and turnkey gas-to-power solutions across the Southeastern United States and Caribbean, has wrapped up LNG shore-to-ship bunkering operation at Port Everglades in Fort Lauderdale, Florida.

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

Fresh gas and condensate find pops up in Egyptian waters

Italy’s energy giant Eni has confirmed a new gas and condensate discovery off the coast of Egypt, which is perceived to have a fast-track development potential.

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

Halliburton, Valaris, and Petronas pooling resources for asset development in Suriname

U.S.-headquartered oilfield services player Halliburton has joined forces with Valaris, an offshore drilling contractor, and Petronas Suriname Exploration & Production, a subsidiary of Malaysia’s Petronas, to bolster the asset development and long-term value in Suriname.

about 3 months ago
Illustration; Source: Baker Hughes
Business & Finance

Baker Hughes’ new order helping fuel Latin America’s gas future

U.S.-headquartered energy technology giant Baker Hughes has picked up a job in Argentina, which expands its South American footprint, thanks to a gas technology order connected to an offshore floating liquefied natural gas (FLNG) project in the Gulf of San Matías, off the coast of Argentina.

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

Trump’s EPA rolls back Biden‑era oil & gas rules, slashes $2.5 billion in costs

The Trump administration’s U.S. Environmental Protection Agency (EPA) has estimated that it will enable $2.5 billion in compliance savings over 15 years by cutting the red tape and revising the Biden-Harris administration’s oil and natural gas regulations to curb gasoline and energy costs.

about 3 months ago
RINA and Hanwha ink MoU for battery-hybrid propulsion systems
Business & Finance

RINA and Hanwha ink MoU for battery-hybrid propulsion systems

Ship classification, inspection, certification and consulting engineering group RINA and South Korean conglomerate Hanwha Group have signed a memorandum of understanding (MoU) to promote the adoption of battery-hybrid propulsion systems in the maritime sector. According to RINA, the collaboration ai

about 3 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business & Finance

Third well comes online at Brazilian oil field

Brazilian oil and gas company PRIO, formerly known as PetroRio, has started production from another well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 3 months ago
Netherlands to establish new offshore electricity bidding zone linked to planned interconnector
Business & Finance

Netherlands to establish new offshore electricity bidding zone linked to planned interconnector

The Netherlands will introduce a new offshore electricity bidding zone for wind farms that will be linked to the planned 1.8 GW LionLink hybrid interconnector, which will connect the Dutch and UK grids. The LionLink project was launched in April 2023 and is led by the countries’ transmission system

about 3 months ago
Ivar Aasen platform; Source: Aker BP
Business & Finance

First oil gushes out of North Sea project

Norwegian oil and gas player Aker BP has put into production mode its subsea tie-back project in the North Sea off the coast of Norway.

about 3 months ago
BW MaBoMo; Source: BW Energy
Business & Finance

25‑year licence extension opens doors to output and investment boost at BW Energy’s asset

Oslo-listed oil and gas E&P player BW Energy has secured a multi-year licence extension for its core producing asset off the coast of Gabon, Africa.

about 3 months ago
Paul B. Loyd Jr. rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling lines up new gig to keep its rig busy until August 2030

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has secured a potential long-term assignment for one of its semi-submersible rigs.

about 3 months ago
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