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Business & Finance

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Atlantis; Courtesy of BP
Business & Finance

BP fires up 7th major project: First oil achieved two months ahead of schedule in US Gulf

BP has put into production mode an expansion project in the U.S. Gulf of America (Gulf of Mexico), as its seventh major upstream project that started up this year and the fifth to come online earlier than planned.

about 7 months ago
Deepsea Mira rig; Source: Odjell Drilling
Business & Finance

Shell handpicks Odfjell Drilling-managed rig for ops offshore Namibia

UK-headquartered energy giant Shell has booked a semi-submersible rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling, for drilling activities off the coast of Namibia, Africa.

about 7 months ago
Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne
Business & Finance

Methanol and shore power recipe to unlock Newcastle – Amsterdam green shipping corridor

Given the growing zest for specific routes where vessels employ low-emission propulsion, a new study has assessed the technical and commercial feasibility of introducing a green shipping corridor between Newcastle and Amsterdam.

about 7 months ago
TechnipFMC’s 100th Subsea 2.0 tree goes to Shell, the platform’s first customer
Business & Finance

TechnipFMC’s 100th Subsea 2.0 tree goes to Shell, the platform’s first customer

TechnipFMC has delivered its 100th Subsea 2.0 tree to UK-headquartered energy giant Shell, the company that placed the first order for the subsea product platform. The subsea tree was manufactured, assembled, and tested at TechnipFMC’s dedicated facility for Subsea 2.0 in Nusajaya, Malaysia, and wil

about 7 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

OMV Petrom continues its multi-well drilling program with Transocean rig in Black Sea

OMV Petrom, Romania-headquartered affiliate of Austria’s OMV, has provided insight into its drilling plans in the Romanian sector of the Black Sea, where several wells remain on the list to be drilled using a semi-submersible rig owned by Transocean.

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Eni’s offshore drilling ops in Southeast Asia yield new gas discovery

Italy’s energy giant Eni has shed some light on its new gas discovery in the Kutei Basin about 50 kilometers off the coast of East Kalimantan in Indonesia, Southeast Asia.

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Sumitomo confirmed subsea cable supplier for UK electricity connection

Japanese Sumitomo Electric Industries has officially been contracted to supply and install 140 kilometers of subsea cable for a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk in the UK, after having the preferred bidder status since July. The contract secured

about 7 months ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Vaalco kicks off multi-well drilling campaign offshore Gabon

Houston-based energy player Vaalco Energy has begun its 2025/2026 drilling program off the coast of Gabon with a jack-up rig owned by Borr Drilling, an offshore drilling player.

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

First demo to unite tidal power, battery storage and hydrogen completes in Scotland

A demonstration combining tidal power, battery storage, and hydrogen production has been completed in Scotland, marking what is said to be the first time these three technologies have been integrated into a single energy system. The demonstration integrated Orbital Marine Power’s O2 tidal turbine, v

about 7 months ago
FPSO Aoka Mizu; Source: Serica
Business & Finance

Serica brings another multimillion-dollar oil & gas acquisition to a close in UK

UK-based upstream oil and gas player Serica Energy has completed the acquisition of Prax Upstream, a subsidiary of compatriot Prax Exploration & Production, expanding its hydrocarbon portfolio on the UK Continental Shelf (UKCS).

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

DeepOcean to keep providing subsea IMR services to Equinor until 2035

Norway’s state-owned oil & gas company Equinor and compatriot ocean services provider DeepOcean have agreed on an extension of their existing frame agreement for subsea inspection, maintenance, and repair (IMR) services, taking their collaboration to 30 years. DeepOcean will deploy specialized IMR v

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

$400 million going into subsea tie-back to huge Barents Sea oil project

Three Norwegian oil and gas players – Equinor, Vår Energi, and Petoro – have set their caps on augmenting the production from a giant oil field that came online eight months ago in the Barents Sea by adding what will become the first subsea tie-back to the project, said to be the newest oil producti

about 7 months ago
Sea Lion FPSO and Phase 1 & 2 development layout; Source: Navitas
Business & Finance

15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil

A final investment decision (FID) has been taken for a giant oil project in the North Falkland Basin (NFB), where $1.8 billion will be needed to foot the bill to first oil and $2.1 billion to project completion. This FID comes 15 years after the original oil discovery was made.

about 7 months ago
Illustration; Source: ARO Drilling
Business & Finance

Fresh jack-up rig assignment comes Seatrium’s way

Singapore-headquartered provider of offshore, marine, and energy solutions Seatrium has won a job with International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for another jack-up rig bound to

about 7 months ago
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