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Business & Finance

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Papua LNG
Business & Finance

Santos expands Oceania LNG exposure as ExxonMobil takes the reins

Australian energy company Santos has taken steps to boost its stake in a liquefied natural gas (LNG) project in Papua New Guinea, Oceania.

15 days ago
Two men standing on the coast at sunset with one of them pointing at an offshore rig
Business & Finance

Petronas on AI-powered quest to streamline Malaysia’s upstream investment playbook

Malaysia’s state-owned oil and gas heavyweight Petronas is using artificial intelligence (AI) to transform the country’s exploration and production investment landscape, helping investors identify and evaluate upstream opportunities faster as it seeks to attract more capital and accelerate projects

15 days ago
Grid-connected wave energy test facility opens in US
Business & Finance

Grid-connected wave energy test facility opens in US

The first fully operational, pre-permitted and grid-connected wave energy test facility in the continental U.S. has opened for business. Officially opened on August 27, PacWave South is located off the coast of Newport, Oregon, and has been developed through the collaboration of the U.S. Department

15 days ago
Sea Lion FPSO and Phase 1 & 2 development layout; Source: Navitas
Business & Finance

$2.1 billion Sea Lion project on track for first oil despite Falklands tensions

Navitas Petroleum, an oil and gas company with exploration and production interests in several regions, is continuing with planned development activities and does not expect the recent political developments over the Falkland Islands to affect the development timetable for its offshore oil project i

18 days ago
ETAP facility in the North Sea; Source: BP
Business & Finance

BP tasks Baker Hughes with production enhancement across UK North Sea assets

UK-headquartered energy giant BP has hired U.S.-headquartered energy technology giant Baker Hughes to support new well development and production optimization across its North Sea operations on the UK Continental Shelf (UKCS).

18 days ago
MISC Group
Business & Finance

MISC explores consortium role in potential Yinson privatization

MISC Group, a member of the Petronas Group of Companies and an owner and operator of offshore floating assets and provider of energy-related maritime solutions and services, is weighing a role in a potential consortium that could take Kuala Lumpur-headquartered Yinson, an energy infrastructure compa

18 days ago
Isabella LNG carrier, owned by Maran Gas, completed its first LNG loading at Cheniere’s Sabine Pass facility in Louisiana. The vessel is one of several contracted by Equinor to transport LNG under the
Business & Finance

First US LNG cargo puts Equinor on course to double global portfolio by decade-end

Norwegian state-owned energy giant Equinor is scaling up its liquefied natural gas (LNG) ambitions with its first cargo from the U.S. Gulf Coast under long-term supply agreements with Texas-headquartered Cheniere, as the company works to double its global LNG portfolio by 2030.

18 days ago
WATCH: 24-meter USV performs first fully remote project
Business & Finance

WATCH: 24-meter USV performs first fully remote project

The 24-meter-long unmanned surface vessel (USV) Challenger, owned by a joint venture of DeepOcean, Solstad Offshore and Østensjø Rederi, has completed its first fully remote project. GONDAN Shipbuilders started the construction of the USV in March 2024, following the order from the joint venture com

18 days ago
Map showing location of Tetragon's operated permits SC80 and SC81 off the north coast of Borneo, in geologically analogous position to deepwater basins also off Borneo in NW Sabah (Malaysia) and the K
Business & Finance

Three-fold resource surge sharpens focus on Tetragon’s gas play offshore Philippines

Asia-focussed oil and gas explorer Tetragon Energy has upgraded the potential of its gas portfolio off the coast of the Philippines, more than tripling the mid-case prospective resource estimate for a key exploration prospect to 8 trillion cubic feet (tcf), a boost that could strengthen the value of

18 days ago
UK subsea contractor’s fleet grows with another SMD ROV
Business & Finance

UK subsea contractor’s fleet grows with another SMD ROV

Film-Ocean, a UK-based subsea contractor providing ROV inspection and intervention services, has taken delivery of another remotely operated vehicle (ROV) from SMD, completing a major fleet investment program. This comes as Film-Ocean took delivery of two Quantum 250-hp heavy-duty work-class ROVs in

18 days ago
Trion development concept; Source: Woodside
Business & Finance

Woodside, Pemex eye new Gulf of Mexico deepwater oil & gas exploration opportunities

Australian energy giant Woodside is forging a path with Mexico’s state-owned petroleum heavyweight Petróleos Mexicanos (Pemex) to hunt for potential deepwater hydrocarbon plays in the Gulf of Mexico under a non-binding memorandum of understanding (MOU).

19 days ago
A North Sea platform
Business & Finance

Smulders HSM, SPIE and Scaldis help future-proof offshore wind-powered North Sea gas platform

An integrated project team comprising Smulders HSM, a provider of multidisciplinary offshore platform solutions, SPIE, a multi-technical services provider, and offshore installation partner Scaldis, has been tasked with handling the next phase of a gas project in the Dutch North Sea, with a new comp

19 days ago
Left to righ: SI Nan, Marine & Offshore Marketing Department Vice Director, MARIC; Ci Hongen, Vice Chief Engineer of Merchant Ship Dept., MARIC; Zhang Chao, Director of Merchant Ship Department, MARIC
Business & Finance

Keeping fuel options open as uncertainty drives tri-fuel-ready tanker concept

Lloyd’s Register (LR), the UK-based classification society, and the Marine Design and Research Institute of China (MARIC) have unveiled a tri-fuel-ready tanker concept designed to give owners flexibility to pursue liquefied natural gas (LNG), methanol, or ammonia as fuel technologies, infrastructure

19 days ago
TotalEnergies has used Deepsea Mira rig for its drilling activities in Namibia; Source: Odjell Drilling
Business & Finance

Galp, TotalEnergies seal Namibia asset swap and partnership

French energy giant TotalEnergies and Portugal’s Galp have closed a deal that reshuffles their positions across several offshore Namibian blocks, with the former taking over operatorship of one license, while the latter retains a stake and picks up interests in two others.

19 days ago
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