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Dover is a planned subsea tie-back to Appomattox, a Shell-operated production hub in the U.S. Gulf of Mexico; Source: Shell
Business & Finance

Shell scores high against backdrop of lower oil & gas prices while ConocoPhillips’ earnings take a hit

Two oil majors, Shell and ConocoPhillips, have joined their peers in posting 1Q 2023 results, which were hampered by lower oil & gas prices.

about 3 years ago
Hercules rig; Source: Odfjell Drilling
Business & Finance

Semi-sub rig booked for drilling gig off Namibia

Galp has hired a semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, for a drilling campaign off Namibia.

about 3 years ago
FPSO Liza Destiny operating off Guyana; Source: ExxonMobil
Business & Finance

ExxonMobil’s first development off Guyana found to be in breach of oil spill insurance obligations

A Guyanese court recently ruled that ExxonMobil is in breach of oil spill insurance obligations for its first oil project located off Guyana.

about 3 years ago
Concept for Equinox Ocean Turbines' technology (Courtesy of Equinox Ocean Turbines)
Business & Finance

Equinox Ocean Turbines embarks on €3.3 million fundraising campaign

Dutch company developing innovative ocean energy technology Equinox Ocean Turbines has opened an investment opportunity, targeting €3.3 million to further scale up its business.

about 3 years ago
Worley
Business & Finance

Worley lands job on giant carbon capture and storage project off Malaysia

Worley has been awarded a contract to provide detailed engineering design services for Petronas’ huge CCS project offshore Sarawak, Malaysia.

about 3 years ago
Cambo FPSO design; Source: Sevan SSP
Business & Finance

Shell inks deal with Ithaca to offload its stake in UK’s ‘second largest undeveloped field’

Shell has signed an agreement with Ithaca Energy, defining a marketing process for its interest in the controversial Cambo development.

about 3 years ago
FDS2 vessel; Source: Saipem
Business & Finance

Green light for Saipem to move ahead with work on ExxonMobil’s fifth oil development off Guyana

Saipem has been given the go-ahead to proceed with the final phase of ExxonMobil’s recently sanctioned $12.7 billion oil project off Guyana.

about 3 years ago
Noble Don Taylor drillship; Source: Noble Corporation
Business & Finance

With $1.1 billion in the bag, Noble looks forward to reaping further benefits of tightening rig market

Noble has won new contracts and extensions for multiple rigs in Guyana, Colombia, the U.S. Gulf of Mexico, and offshore Sarawak, Malaysia.

about 3 years ago
SAAM Towage
Business & Finance

SAAM closes deal to acquire 21 tugs from Starnav

SAAM, a company providing port, logistics and towage services in the Americas, concluded the purchase of 21 tugboats from the Brazilian company Starnav. Starnav’s fleet includes 19 tugs currently in operation and two additional vessels in the final phase of construction. “This is one of the largest

about 3 years ago
NHV will begin regular flying from Esbjerg with new contract award from TotalEnergies EP Denmark; Credit: Roelof-Jan Gort/NHV Group
Business & Finance

TotalEnergies hand-picks helicopter operator for two North Sea fields

TotalEnergies has handed out a new contract to NHV to support its offshore operations in the Danish sector of the North Sea.

about 3 years ago
Transocean Norge; Source: Transocean
Business & Finance

Transocean hands out rig services deal to furnish its semi-sub with ‘game-changing’ solution

Transocean has awarded a rig services contract to InteliWell to equip one of its semi-submersible rigs with a drilling automation solution.

about 3 years ago
Illustration (Courtesy of PXGEO)
Business & Finance

PXGEO secures MTS survey work in Oceania

Marine geophysical services provider PXGEO has secured a contract for a 3D marine towed streamer (MTS) survey in Oceania.

about 3 years ago
Maersk Discoverer rig (now Noble Discoverer); Source: Maersk Drilling
Business & Finance

Noble rig hits oil-bearing intervals off Guyana and JV partners hike up cost estimates to finish drilling ops

CGX Energy and Frontera have revised the total cost estimate for an exploration well, which recently found oil-bearing intervals off Guyana.

about 3 years ago
Likouf FPU at Moho Nord; Source: TotalEnergies
Business & Finance

TotalEnergies hires Aker Solutions for ‘largest oil project ever undertaken’ in Congo

Aker Solutions has secured a deal with TotalEnergies for work on three additional infill wells tied back to an oil field offshore Congo.

about 3 years ago
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