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Business & Finance

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Fossil EnergyOil & GasSubseaSurveys & InterventionsVessels & VehiclesBusiness Developments & ProjectsCollaborationOutlook & StrategyProject & TendersVisionFPSO & VesselsAuthorities & GovernmentExploration & ProductionHuman CapitalRegulation & PolicySafetyOperations & MaintenanceDecommissioningRigsLow-Carbon TransitionCarbon Capture Usage & StorageTransitionDeepwater InstallationClean FuelEnergy Efficiency & InnovationEnergy TransitionGreen MarineMethanol
Reach Subsea and Beacon Offshore jointly pursuing subsea projects in Australia
Business & Finance

Reach Subsea and Beacon Offshore jointly pursuing subsea projects in Australia

Norwegian Reach Subsea and Thailand-based subsea services provider Beacon Offshore have established a strategic partnership to pursue subsea projects offshore Australia. Under a memorandum of agreement (MoA), the companies will collaborate exclusively to market, tender for, and execute subsea projec

about 4 months ago
FSO Sepat (Screenshot from video about the Sepat field on YouTube)
Business & Finance

Investigation ongoing: Three dead and one injured in Southeast Asian FSO incident

Malaysia’s state-owned oil and gas heavyweight Petronas has shed light on a tragic offshore incident connected with a floating storage and offloading (FSO) unit working at a field off the coast of East Coast Peninsular Malaysia, Southeast Asia.

about 4 months ago
FPSO Cidade de Itajai is operating on the Baúna field - Karoon
Business & Finance

Brazilian oil project back in production mode after 28-day shutdown

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has restarted production at an oil field off the coast of Brazil.

about 4 months ago
Baleine; Source: Eni
Business & Finance

Eni moves forward with third chapter of oil & gas project in West Africa

Italy’s energy giant Eni has made a final investment decision (FID) for the next phase of its oil and gas development project off the coast of Côte d’Ivoire, West Africa.

about 4 months ago
Courtesy of ANP/Well-Safe Solutions
Business & Finance

Fresh North Sea gig for Well-Safe Solutions’ semi-sub rig

Aberdeen-based decommissioning services provider Well-Safe Solutions has picked up a new assignment in the UK sector of the North Sea, enabling it to provide well operatorship capability for the first time.

about 4 months ago
Uruguay's offshore blocks; Source: QatarEnergy
Business & Finance

QatarEnergy broadens its oil & gas footprint in Uruguay and Eastern Mediterranean

Qatar’s state-owned oil and gas giant QatarEnergy has taken steps to bring new exploration blocks off the coast of Uruguay into its fold, while sealing a gas cooperation deal in the Eastern Mediterranean.

about 4 months ago
Illustration; Source: Perenco
Business & Finance

More gas for UK: North Sea wind-powered platform back online after five-year hiatus

Perenco UK (PUK), the Anglo-French oil and gas player Perenco, has brought back online a natural gas field in the UK sector of the North Sea, years after the production taps were turned off.

about 4 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Beach Energy shelves well drilling ops, freeing $500M for higher-value projects

Australia’s oil and gas player Beach Energy has dropped its plan to drill and complete a development well or pursue the subsea tie-in to the Otway gas plant, unlocking over $500 million in estimated near term capital to redeploy into higher-return opportunities.

about 4 months ago
Otway Basin assets; Source: Amplitude Energy
Business & Finance

Drilling ops with Transocean rig pushed forward: New operator taking the helm at Australian gas field

Amplitude Energy (formerly Cooper Energy), an Australian gas production company focused on supplying the Southeast domestic gas market, has set the wheels in motion to take over the operatorship of an offshore gas field in the Otway Basin off the coast of Australia.

about 4 months ago
Eni
Business & Finance

Eni and BlackRock’s GIP score over $670 million financing boost to fuel CCS growth

Eni CCUS Holding, a strategic partnership between Italy’s energy giant Eni and Global Infrastructure Partners (GIP), a part of BlackRock, has expanded its financing sources to strengthen its carbon capture and storage (CCS) project platform.

about 4 months ago
Goliat; Source: Var Energi
Business & Finance

Subsea7 clinches multimillion-dollar deal for Norwegian gas export project

Luxembourg-domiciled Subsea7 has picked up a new assignment with Vår Energi, a Norwegian oil and gas operator, for a gas export project in the Barents Sea off the coast of Norway.

about 4 months ago
Thunder Horse; Source: BP
Business & Finance

BP, ExxonMobil set on ramping up production at US Gulf oil & gas platform

UK-headquartered energy giant BP and its U.S.-based partner ExxonMobil have embarked on a quest to boost output at an offshore platform in the Gulf of America (U.S. Gulf of Mexico), thanks to a subsea pump development.

about 4 months ago
Illustration; Source: Weatherford
Business & Finance

ExxonMobil tasks Weatherford with deepwater job in Nigerian waters

U.S. oilfield services company Weatherford International has been hired on a deepwater integrated completions assignment by Esso Exploration & Production Nigeria Ltd. (EEPNL), an ExxonMobil affiliate, off the coast of Nigeria.

about 4 months ago
Hong Kong firm targets more green methanol from China
Business & Finance

Hong Kong firm targets more green methanol from China

Hong Kong-headquartered Venture Energy, focused on the procurement and trading of clean fuels, has signed a memorandum of understanding (MoU) with CSSC Science & Technology (CSST) and China Shipbuilding Trading Co. (CSTC) that establishes a long-term offtake framework for green methanol supply. Unde

about 4 months ago
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