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Exploration & Production

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Saipem collects $900 million in new contracts
Exploration & Production

Saipem wraps up pipeline installation for Equinor’s Irpa field (Video)

The pipelaying vessel Castorone, operated by Italian oilfield services provider Saipem, has completed the installation of an approximately 80-kilometer pipeline linking the Aasta Hansteen platform to Equinor’s new subsea tieback field, Irpa, formerly known as Asterix. The Irpa field, located at a de

about 1 year ago
Carnegie CEO Jonathan Fiévez pictured with BiMEP Technical Director Yago Torre-Enciso
Exploration & Production

MoU signed for 6 MW wave energy array in Spain

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Australian wave energy developer Carnegie Clean Energy has signed a memorandum of understanding (MOU) with the Biscay Marine Energy Platform (BiMEP) and commenced the development of a 6 MW wave energy array in Spain’s Basque Country. The proposed project would consist of six 1 MW commercial-scale CE

about 1 year ago
Valaris DS-15 drillship; Source: Valaris
Exploration & Production

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

about 1 year ago
Production capacity of 1.3 million barrels of oil per day expected by the end of 2027 offshore Guyana; Source: ExxonMobil
Exploration & Production

As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next

Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron to expand its oil and gas arsenal, with four regions pinpointed as the ones where this merger

about 1 year ago
Offshore platforms
Exploration & Production

Valeura Energy strikes a deal with PTTEP to expand its Thai oil & gas footprint

Canada-based Valeura Energy, an oil and gas company, has made a move to acquire partial stakes from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP), in two offshore blocks off the coast of Thailand.

about 1 year ago
Illustration; Source: PTTEP
Exploration & Production

PTTEP enlarges gas portfolio in Southeast Asia with new acquisition

PTTEP, Thailand’s national oil and gas player, has made a play for a stake, which Hess Corporation, now part of Chevron, holds in the Malaysia-Thailand Joint Development Area (MTJDA).

about 1 year ago
Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam
Exploration & Production

Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam

Air Liquide has taken the final investment decision (FID) to launch the construction of ELYgator, a 200 MW electrolyzer project in Maasvlakte, at the Port of Rotterdam, the Netherlands.

about 1 year ago
Mysterious project books Subsea7 for 2027
Exploration & Production

Mysterious project books Subsea7 for 2027

Subsea7 has secured a contract worth between $150 million and $300 million with an undisclosed client, with offshore operations to kick start in 2027. Under the contract defined as substantial, Subsea7’s scope includes the engineering and offshore installation of flexible pipe, umbilicals, subsea eq

about 1 year ago
Stena Forth drillship; Source: Stena Drilling
Exploration & Production

Shell signs off on Egypt’s Mediterranean gas project

BG International, an affiliate of UK-headquartered energy major Shell, has taken a final investment decision (FID) to develop a gas discovery in Egypt’s Mediterranean Sea.

about 1 year ago
Solar, wind and wave-powered buoy installed to support offshore innovation in France
Exploration & Production

GEPS Techno installs solar, wind and wave-powered buoy off French coast

Following six months of preparation, French renewable energy developer GEPS Techno has installed its TEST-IT buoy in Douarnenez Bay, located on the Céladon offshore test site in France. Powered by solar, wind, and wave energy, the autonomous platform is set to host the company’s research and develop

about 1 year ago
FPSO Pazflor; Source: TotalEnergies
Exploration & Production

TotalEnergies flows first oil from two energy projects offshore Angola

France-headquartered energy giant TotalEnergies has started oil production from two subsea tie-back projects to existing floating production, storage, and offloading (FPSO) vessels off the coast of Angola.

about 1 year ago
Ellen and Elly offshore platforms near Long Beach, California; Credit: Bureau of Safety and Environmental Enforcement
Exploration & Production

Amplify targets August startup for new oil well offshore California

U.S.-headquartered oil and gas company Amplify Energy Corp expects its well off the coast of California to start producing next month.

about 1 year ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Exploration & Production

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
Source: CorPower Ocean
Exploration & Production

EU backs CorPower’s next wave energy step with €40M grant

Swedish wave energy developer CorPower Ocean has secured a €40 million grant from the EU Innovation Fund to support the development of VianaWave, a 10 MW pre-commercial wave energy project planned off northern Portugal. The VianaWave project will comprise 30 wave energy converters (WECs), grouped in

about 1 year ago