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Business & Finance

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Fossil EnergyOil & GasBusiness Developments & ProjectsExploration & ProductionOperations & MaintenanceSubseaProject & TendersDeepwater InstallationPipesRigsAuthorities & GovernmentRegulation & PolicyRules & RegulationLow-Carbon TransitionTransitionVesselsCollaborationDecommissioningFPSO & VesselsProduction & ProcessingCarbon Capture Usage & StorageVessels & Vehicles
Central Azeri Patform, Caspian Sea - Petrofac
Business & Finance

BP wraps up Caspian Sea platform turnaround ahead of schedule: Production ramp-up underway

UK-headquartered energy giant BP has finished a multi-day planned turnaround earlier than planned at its platform in the Caspian Sea, with production now growing to pre-maintenance levels.

25 days ago
Illustration; Source: Technip Energies
Business & Finance

L&T taps Technip Energies for engineering work on ADNOC’s major offshore gas project

France’s engineering player Technip Energies has been hired to provide detailed engineering services for a major offshore gas project being developed by ADNOC Offshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC), in the United Arab Emirates (UAE), adding to the French player’s growing ro

25 days ago
Petroleum Marine Services (PMS) has wrapped up the Zaafarana offshore field development project in the Gulf of Suez; Source: PMS
Business & Finance

18-km pipeline installation and platform upgrades boost Gulf of Suez field

Egyptian marine and offshore services provider Petroleum Marine Services (PMS) has brought to an end a major development project in Egypt’s Gulf of Suez, including the installation of an 18-kilometer gas pipeline and upgrades to the asset’s offshore platform, strengthening infrastructure at an offsh

25 days ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business & Finance

Dolphin Drilling: GHL cash-and-rig proposal ‘encouraging’ but settlement offer falls short

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh-environment mid-water and deepwater semi-submersible drilling rigs, has received a proposal from Lagos-based General Hydrocarbons Limited (GHL) to resolve their long-running arbitration dispute through a

25 days ago
Simon Stevin vessel; Source: Jan De Nul Group
Business & Finance

Jan De Nul makes its entrance into CCS market with North Sea pipeline project

Jan De Nul is entering the carbon capture and storage (CCS) market, with offshore rock installation works that one of its vessels is carrying out for the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, in relation to a development described as the UK’s first o

26 days ago
Floatel Triumph
Business & Finance

Floatel’s 2016-built semi-submersible vessel lines up Brazilian job

Floatel International, an offshore accommodation provider, has secured a new assignment for its ten-year-old semi-submersible accommodation and construction support vessel with an undisclosed company off the coast of Brazil.

26 days ago
Illustration; Source: PTTEP
Business & Finance

PTTEP, Petronas’ 35-year gas deals bolster Thailand-Malaysia energy security axis

Thailand’s state-owned upstream oil and gas company PTTEP and Malaysia’s national energy company Petronas have signed multi-year production-sharing and gas sales agreements for an offshore development in the Malaysia-Thailand Joint Development Area (MTJA), strengthening the two countries’ long-term

26 days ago
Well-Safe Defender rig; Source: Well-Safe Solutions
Business & Finance

Well-Safe and NMC Energy join forces for North Sea decommissioning push

Aberdeen-based decommissioning services provider Well-Safe Solutions has strengthened its decommissioning offering through a strategic partnership with NMC Energy, combining their subsea, platform interface, and well lifecycle expertise to support major North Sea projects.

26 days ago
FPSO Okha processes, stores, and offloads crude oil produced from the subsea wells across the four CWLH offshore fields; Source: Woodside
Business & Finance

Jadestone steps up production restart and development activity across Asia-Pacific

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy is making progress on production restart and development plans across its Asia-Pacific offshore portfolio, with two Australian fields targeted to resume output and a recommended floating production, storage, and offloading (F

26 days ago
Illustration; Source: Hilleren_HNSP
Business & Finance

Omega Subsea expands Western Norway operations with new Hilleren base

Norway-based Omega Subsea, which provides remotely operated vehicle (ROV), survey, and subsea services to the offshore industry, has struck a deal with Bergen’s Hilleren Navy Supply Park, a subsea-focused maritime and defence cluster near Haakonsvern, to establish a new operational base at the site,

26 days ago
Christening ceremony for Petrobras' P-80 and P-82 FPSOs; Source: Seatrium
Business & Finance

Seatrium set for back-to-back FPSO sailaways as duo heads to Petrobras’ Brazilian field within weeks

Singapore-based offshore and marine engineering company Seatrium is poised to achieve what it describes as an industry first with the dual sailaway of two giant floating production, storage, and offloading (FPSO) units, which are slated to depart its Singapore yard within weeks of each other and emb

26 days ago
Illustration; Source: Cotemar
Business & Finance

American Bureau of Shipping subsidiary hit with $59.4M Cotemar claim in New York after two court losses

Mexican offshore services company Cotemar has launched an enforcement action in New York seeking $59.4 million from ABSG Consulting, a U.S. government contractor and subsidiary of American Bureau of Shipping (ABS), after two court victories in Mexico ordering ABSG to pay for work completed more than

27 days ago
Illustration of a FSIU in the foreground, receiving cargo from a LCO2 carrier in the background; Courtesy of Yinson Production
Business & Finance

SLB takes on FEED work to advance North Sea CO2 storage project toward FID

U.S.-headquartered technology player SLB has been hired to help move a large-scale CO2 storage project in the Norwegian sector of the North Sea toward a final investment decision (FID), taking on technology and engineering work spanning the concept and front-end engineering and design (FEED) phases,

27 days ago
MPSV Astro Aurora; Source: Astro Offshore
Business & Finance

Oceaneering-Astro Offshore pact targets integrated subsea growth

Dubai-based offshore vessel specialist Astro Offshore and Houston-headquartered subsea technology and services provider Oceaneering International are joining forces to target integrated offshore and subsea projects, backed by the addition of the UAE firm’s first DP3 multi-purpose support vessel (MPS

27 days ago
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