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Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

Saipem bags $400 million for new drilling deal

Saipem has been awarded a new contract in Ivory Coast worth $400 million for a recently chartered seventh-generation drillship.

about 3 years ago
An image showing Gulf of Mexico wind lease areas offshore Texas and Louisiana on a map
Business & Finance

Shell, TotalEnergies eye new projects in Gulf of Mexico and it’s not oil & gas

Oil and gas majors Shell and TotalEnergies have prequalified for an offshore wind lease sale in the Gulf of Mexico.

about 3 years ago
FPSO Cidade de Vitória; Source: Saipem
Business & Finance

Acquisition of two Brazilian offshore clusters facing delay after being put on hold

BW Energy is anticipating a delay in the closing of the acquisition of two assets in the Espírito Santo Basin offshore Brazil.

about 3 years ago
Neptune Energy commits to Extractive Industries Transparency Initiative
Business & Finance

Neptune Energy commits to initiative bolstering tax revenue accountability of natural resources

Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy said that becoming a formal supporting company builds on

about 3 years ago
Subsea 7 sees highest order intake in last 9 years
Business & Finance

Subsea 7 sees highest order intake in last 9 years

Subsea 7 has reported an order intake of over $7 billion for the full year of 2022, representing the highest order intake since 2013, with a backlog of over $9 billion, said to have resulted in high revenue visibility for 2024 and beyond. In 2022, Subsea 7 reported revenue of $5.1 billion, which is

about 3 years ago
Map of the acreage position in the West of Shetlands; Source: Spark New Energies
Business & Finance

UK oil & gas player buying West of Shetland assets

Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has executed a share purchase agreement to acquire Spark Exploration UK.

about 3 years ago
Petrofac extends collaboration with Scottish repair, inspection and integrity solutions provider
Business & Finance

Petrofac extends collaboration with Scottish repair and inspection solutions provider

Oilfield services provider Petrofac has signed a new master service agreement (MSA) with ICR Integrity, a Scotland-headquartered provider of specialist repair, inspection and integrity solutions, valued at over £1 million per annum. Under the MSA, initially awarded in 2019, ICR’s partnership with Pe

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Aker BP’s North Sea well comes up dry

Aker BP has completed the drilling of an exploration well near the Edvard Grieg field in the Norwegian sector of the North Sea but failed to find hydrocarbons.

about 3 years ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Business & Finance

Recent oil discovery in Barents Sea puts forward tie-back to existing FPSO

Vår Energi’s oil discovery near the Goliat field in the Barents Sea has brought the possibility of a tie-back to the existing infrastructure.

about 3 years ago
Wilhelmshaven LNG terminal commences regular operations
Business & Finance

Wilhelmshaven LNG terminal commences regular operations

Germany-based energy company Uniper has reported that, on 28 February 2023, the final acceptance audit took place at the Wilhelmshaven LNG terminal allowing for the start of regular operations as of 1 March 2023. The audit was made by the responsible authorities under the leadership of the Oldenburg

about 3 years ago
New partnership targets cutting costs of carbon capture and storage infrastructure
Business & Finance

New partnership targets cutting costs of carbon capture and storage infrastructure

Technology group ABB and Pace CCS, a UK provider of engineering design to the CCS and blue hydrogen industries, have signed a partnership agreement to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations. The two compani

about 3 years ago
Lower Zakum; Source: ADNOC
Business & Finance

TotalEnergies expands its upstream portfolio in UAE with several offshore fields

TotalEnergies has inked a deal to acquire CEPSA’s upstream assets in the UAE, adding multiple offshore fields to its asset portfolio.

about 3 years ago
Troll A platform in the North Sea; Credit: Harald Pettersen/Equinor
Business & Finance

With additional stake in five discoveries, Equinor bolsters North Sea position

Equinor has strengthened its position in the northern North Sea by inking an agreement to expand its equity interest in five discoveries on the Norwegian continental shelf (NCS).

about 3 years ago
Illustration; Source: CNOOC
Business & Finance

Major oilfield discovery off China brings hundred million tons reserves

China’s oil and gas player CNOOC Limited has discovered a new oilfield in the Bohai Sea offshore China, which adds another hundred million tons of reserves.

about 3 years ago
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