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Business & Finance

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Illustration; Source: Oil & Natural Gas Corporation (ONGC)
Business & Finance

Ten workers suffer injuries as fire breaks out at Asian offshore oil platform

India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has reported a fire at an offshore platform. The incident left multiple workers injured.

about 5 months ago
West Polaris drillship; Source: Seadrill
Business & Finance

Seadrill’s drillship staying 1,095 days longer with Petrobras

Brazil’s state-owned energy giant Petrobras has prolonged a drilling assignment that an ultra-deepwater drillship is carrying out in the South American country.

about 5 months ago
Wave-Op is working on the Dike Wave Energy (Dikwe) project in the port of Boulogne-sur-Mer; Source: Fimetal
Business & Finance

Construction continues for French full-scale wave energy demonstrator

Wave-Op, a joint venture between the Legendre Group and Geps Techno dedicated to innovation in coastal and port infrastructure, is progressing the construction of its first full-scale demonstrator for what it describes as a unique wave-powered system, combining coastal protection and renewable elect

about 5 months ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business & Finance

EXIM rubber-stamps over $2 billion for US LNG export to Egypt

The Export-Import Bank of the United States (EXIM), the United States government’s official export credit agency that supports American jobs by facilitating U.S. exports, has given the go-ahead for an export credit insurance authorization of more than $2 billion to send U.S. liquefied natural gas (L

about 5 months ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business & Finance

Asian multi-well drilling campaign bumped to May

A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026.

about 5 months ago
Arcius Energy signed the Harmattan scope execution contract with its partners, PhPC and ENPPI, witnessed by its CEO, Egyptian Natural Gas Holding Company (EGAS), BP and XRG, underscoring strong collab
Business & Finance

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC’s XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt.

about 5 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil

Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two ultra-deepwater drillships off the coast of Brazil.

about 5 months ago
SSV Victoria rig; Source: Ventura Offshore
Business & Finance

Ventura Offshore scores multimillion-dollar rig extensions with Petrobras

Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling playe

about 5 months ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business & Finance

Another 20-year LNG offtake lands in Mexican project’s bag

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and a subsidiary of 2PointZero Group, has struck a multi-year liquefied natural gas (LNG) supply deal with Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance,

about 5 months ago
Elba LNG terminal; Source: Kinder Morgan
Business & Finance

Green light for more US LNG to non-free trade agreement countries

Southern LNG Company, a subsidiary of the North American energy infrastructure player Kinder Morgan, has received the go-ahead for additional exports of liquefied natural gas (LNG) from a terminal in Chatham County, Georgia.

about 5 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business & Finance

Mediterranean gas field back online after shutdown due to regional safety woes

Chevron Mediterranean Limited (CML), a subsidiary of U.S.-headquartered Chevron, and its partners have resumed gas production from a giant natural gas project off the coast of Israel.

about 5 months ago
New player enters underwater robotics market with AUV prototype
Business & Finance

New player enters underwater robotics market with AUV prototype

ZenaTech, a Canadian technology company specializing in AI drone, drone as a service (DaaS), enterprise SaaS and quantum computing solutions, has entered the underwater robotics market with the development of an autonomous underwater vehicle (AUV) prototype. ZenaTech reported on March 31 that its Ze

about 5 months ago
Vietnam’s REE unveils investment plan for offshore wind, floating solar
Business & Finance

Vietnam’s REE unveils investment plan for offshore wind, floating solar

Vietnam’s Refrigeration Electrical Engineering Corporation (REE) is planning a billion-US-dollar push into offshore wind and floating solar as part of its renewable energy expansion strategy, according to Vietnamese media. At its 31 March 2026 annual general meeting, REE outlined plans to significan

about 5 months ago
Offshore rig
Business & Finance

Rig gigs with Petrobras bring Constellation $1.1 billion in additional backlog

Constellation Oil Services, a Brazilian drilling contractor, has augmented its contract backlog thanks to extensions of drilling assignments for three rigs with Brazil’s state-owned energy giant Petrobras.

about 5 months ago
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