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Business & Finance

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Shelf Enterprise, formerly known as Maersk Completer, rig; Source: Maersk Drilling (archive), part of Noble
Business & Finance

Valeura fast-tracks Southeast Asian project: First oil now on the cards for early Q2 2027

Canadian oil and gas company Valeura Energy is accelerating the redevelopment of its field in the Gulf of Thailand by bringing the project’s potential first oil forward to the early second quarter of 2027, around two months ahead of its original schedule.

21 days ago
Jan De Nul’s first XL cable layer on sea trials, second to follow
Business & Finance

Jan De Nul’s first XL cable layer on sea trials, second to follow

Jan De Nul’s extra-large cable-laying vessel (CLV) Fleeming Jenkin has started sea trials, soon to be followed by its twin, William Thomson. Jan De Nul placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard in October 2023, followed by an order for William Thomson in May the following y

21 days ago
A man climbing down a ladder on an offshore platform
Business & Finance

BP beats the clock: Mediterranean gas well comes online two years early

UK-headquartered energy giant BP has added around 80 million cubic feet per day (cf/d) of natural gas to domestic supply from its West Nile Delta (WND) operations, bringing forward production by roughly two years from a development off the Mediterranean coast of northern Egypt, near the Nile Delta a

21 days ago
Corpus Christi LNG Stage 3; Source: Cheniere
Business & Finance

Cheniere hits 5,000-cargo mark as project in Texas lifts LNG capacity to 56 mtpa

U.S. energy player Cheniere Energy has reached substantial completion at the third stage of its liquefied natural gas (LNG) project in Texas and exported its 5,000th LNG cargo, marking a major expansion of its U.S. liquefaction capacity and a decade of rapid growth in the global LNG market.

22 days ago
Illustration; Source: Wison New Energies
Business & Finance

Shell’s technology set to enter wider FLNG market through Wison deal

China-based provider of clean energy services Wison New Energies (WNE) has joined forces with the UK-headquartered energy giant Shell to bring the European firm’s liquefaction technology to the wider liquefied natural gas (LNG) market for the first time, strengthening Wison’s floating LNG (FLNG) off

22 days ago
Arctic LNG; Source: Novatek
Business & Finance

Arctic LNG 2 exit ticked off the list: TotalEnergies retains $1.3 billion loan claim

France’s energy giant TotalEnergies has wrapped up its exit from a Russian liquefied natural gas (LNG) project, giving up its stake but retaining rights to recover around $1.3 billion in shareholder loans, subject to sanctions.

22 days ago
Singapore’s Kim Heng to incorporate joint venture company in Korea
Business & Finance

Singapore’s Kim Heng to incorporate joint venture company in Korea

Singapore-headquartered offshore marine service contractor Kim Heng and South Korea’s marine and civil work construction company Heungwoo Industrial have entered into a joint venture agreement (JVA) to incorporate a joint venture (JV) company in Korea. Kim Heng’s 50%-owned subsidiary Thaitan Interna

22 days ago
Uruguay's offshore acreage; Source: Santiago Ferro Castelli, Energy Transition Manager at ANCAP, via LinkedIn
Business & Finance

Eni widens Uruguay offshore presence with new block and first operatorship

Italian energy giant Eni is broadening its offshore footprint in Uruguay by taking operatorship of an exploration block with YPF’s subsidiary, MIWEN, as its partner.

22 days ago
Illustration; Source: Chevron
Business & Finance

Etu Energias strikes $260 million deal with Chevron for Angola’s deepwater block duo

Etu Energias, a privately owned Angolan energy company, has taken steps to increase its stakes in two offshore blocks from Cabinda Gulf Oil Company (CABGOC), a subsidiary of U.S.-headquartered energy giant Chevron, through a deal that will make it the largest interest holder in one of Angola’s longe

22 days ago
SBM Offshore and Solstad’s installation vessel to sport Kongsberg Maritime equipment
Business & Finance

SBM Offshore and Solstad’s installation vessel to sport Kongsberg Maritime equipment

Kongsberg Maritime has secured a contract to supply a fully integrated suite of technology and equipment for an offshore installation vessel being built for the joint venture (JV) of Norwegian Solstad Offshore and Netherlands-based SBM Offshore. Kongsberg Maritime will deliver an advanced deck machi

22 days ago
Illustration of submerged yoke mooring; Source: AFRY
Business & Finance

Swedish firm picks up work for 1.5 GW LNG-to-power project in Southeast Asia

AFRY, a Swedish engineering, design, and advisory company, has secured a key technical advisory role on a liquefied natural gas (LNG) development in Vietnam. The 1.5 GW LNG-to-power project involves an integrated floating LNG (FLNG) terminal and gas-fired power plant, supporting the expansion of LNG

22 days ago
North Cormorant removal campaign with Allseas' vessel; Source: Allseas
Business & Finance

WATCH: Allseas takes 17,200-ton North Sea giant ashore 42 years after first oil

More than four decades after first producing oil, a 17,200-ton North Sea platform has been lifted from its steel jacket in a single operation and loaded aboard a heavy-lift vessel, owned by Switzerland-based offshore contractor Allseas, marking the start of its final journey to shore for dismantling

25 days ago
Map showing location of the Walker Ridge reimaging extension program; Courtesy of Viridien Earth Data
Business & Finance

Viridien’s new reimaging mission bolstering US Gulf exploration drive

France-based geophysical services company Viridien, formerly known as CGG, has launched a new reimaging program in the U.S. Gulf, expanding its Walker Ridge initiative to deliver enhanced seismic insights and support further infrastructure-led exploration in the deepwater region.

25 days ago
Amazon Conqueror; Source: Shearwater
Business & Finance

Shearwater steps up Norwegian multi-client push with new 3D seismic survey

Norwegian marine geoscience and technology company Shearwater GeoServices is set to acquire 3D seismic data over recently awarded and prospective open acreage in the Norwegian Sea by deploying a high-capacity seismic vessel for an approximately seven-week campaign this month.

25 days ago
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