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Business & Finance

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Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Transocean rig encounters gas as it spuds next well in drilling campaign offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has kicked off drilling activities at another well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling player.

about 7 months ago
Noble Resolute; Source: Noble Corporation
Business & Finance

Noble entrusts Norwegian player with job on 2009-built rig

Noble Corporation, a U.S.-based offshore drilling giant, has assigned a task for its 16-year-old jack-up rig to Norway-based cleantech service provider Soiltech.

about 7 months ago
Nexans sets world record by installing power cable 2,150 meters under water
Business & Finance

Nexans sets world record by installing power cable 2,150 meters under water

France-headquartered cable systems designer and manufacturer Nexans has set a new world record in the subsea cable industry by installing a 500 kV HVDC power cable at a depth of 2,150 meters. Nexans reported it had achieved this milestone on the Tyrrhenian Link, described as one of Italy’s most sign

about 7 months ago
Illustration; Source: Europa Oil & Gas
Business & Finance

Chinese partner comes aboard African oil & gas block ahead of drilling ops

Antler Global, an associated company of the UK-headquartered and AIM-listed oil and gas player Europa Oil & Gas, has inked a deal to offload a partial stake in a block off the coast of Equatorial Guinea to Fuhai (Beijing) Energy, a wholly owned subsidiary of China’s privately owned Fuhai Group New E

about 7 months ago
Skandi Commander
Business & Finance

DOF’s RSV to kick off $150M contract with Petrobras in January 2027

Norway’s DOF Group has signed a four-year contract with Brazilian oil & gas giant Petrobras for a remotely operated vehicle support vessel (RSV), an announcement that comes after six four-year RSV contract awards as part of the same competitive tender process. The contract for the 2007-built Skandi

about 7 months ago
Illustration; Source: Velesto Energy
Business & Finance

Velesto disposes of its workover business to Enviros

Velesto Malaysian Ventures, a wholly-owned subsidiary of Malaysia’s Velesto Energy, owner of six premium jack-up rigs and two hydraulic work-over units, has taken steps to offload its stake in Velesto Workover Sdn Bhd (VWSB).

about 7 months ago
AD50 jack-up rig; Source: Ocean Oilfield
Business & Finance

Jack-up rig comes to Ocean Oilfield’s shipyard

Abu Dhabi-headquartered Ocean Oilfield Integrated Solutions has confirmed the arrival of a jack-up rig owned by Arabian Drilling, said to be the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to its Hamriyah Shipyard in Sharjah, United Arab Emirates (UAE).

about 7 months ago
Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

Saipem keeping seventh-gen drillship longer in its rig fleet

Italy’s engineering, drilling, and construction services giant Saipem has prolonged the stay of a chartered seventh-generation drillship in its rig fleet.

about 7 months ago
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Business & Finance

$11 billion investment agenda on Gazprom’s 2026 horizon

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 tr

about 7 months ago
Beaumont New Ammonia
Business & Finance

Texan facility produces its first ammonia

The Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S., has produced its first ammonia following the completion of systems testing, representing the first phase of operations commissioning of the facility. Commercial production is expected to begin following handover to Woodside E

about 7 months ago
Trident 16 rig; Source: Ministry of Petroleum and Mineral Resources – Egypt
Business & Finance

Eni going full steam ahead with drilling campaign in Gulf of Suez

As the dash for gas off the coast of Egypt continues to run unabated, the country’s Minister of Petroleum and Mineral Resources has visited the drilling site of the first well in the drilling program, Italy’s energy giant Eni is currently undertaking in the Gulf of Suez with a rig owned by Shelf Dri

about 7 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business & Finance

$35 billion gas export deal good to roll

A multibillion-dollar agreement for the export of natural gas from Israel to Egypt is locked and loaded, following the green light from the Israeli government.

about 7 months ago
Illustration; Source: Petronas
Business & Finance

First of four wells in drilling campaign offshore Suriname checked off the list

Petronas Suriname, a subsidiary of Malaysia’s state-owned oil and gas company Petronas, has crossed the finish line for the first in a multi-well drilling campaign off the coast of Suriname.

about 7 months ago
Ireland-Wales interconnector officially marked as priority energy infrastructure project
Business & Finance

Ireland-Wales interconnector officially marked as priority energy infrastructure project

MaresConnect, a 750 MW electricity interconnector that will link Ireland and Wales, has been included in the EU’s second list of Projects of Common/Mutual Interest (PCI/PMI), confirming its status as a priority energy infrastructure project. According to developer MaresConnect Limited, owned by Fore

about 7 months ago
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