Bermuda-headquartered offshore drilling contractor Valaris is divesting a jack-up from its rig fleet to boost its financial flexibility.
Valaris has won a multi-well drilling assignment for one of its drillships in West Africa with an undisclosed oil and gas operator.
PRIO is expanding its interest in a field off the coast of Brazil by buying the stake Norway’s Equinor holds in what is considered to be its largest operated field outside Norway.
Subsea7 has secured a contract worth over $1.25 billion with Brazilian oil & gas giant Petrobras for a field located at 2,000 meters of water depth off the coast of Rio de Janeiro. Under the contract defined as “super-major”, Subsea7’s scope includes engineering, procurement, fabrication, installati
Golar LNG has gotten hold of two multibillion-dollar assignments related to a proposed liquefied natural gas (LNG) large-scale upstream and midstream integrated gas development project, estimated to be worth $50 billion, in the Sierra Grande Norte, on the South American country’s Atlantic coast.
The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the pulse of the worldwide energy secur
The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps
There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas
With the first trade war shots fired, a new analysis has highlighted offshore oil production and liquefied natural gas (LNG), which have dipped their toes into broader market arenas, among products that can reap the benefits from the looming tariff threats, potentially paving the way for Canada to b
Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones.
Since 2024 saw many projects greenlighted, Offshore Energy has delved into some of the biggest steps taken last year to move forward with approved developments.
Offshore Energy has gone back in time to make a collection of some of the most important LNG developments and deals that hit the market in 2024.
While current indications firmly point out that oil and gas are here to stay for years to come, the same goes for decarbonization, which is expected to pick up more speed globally, including in the oil and gas arena, as Big Oil signs off on new greenhouse gas (GHG) emission reduction endeavors along
UK-headquartered CRP Subsea, part of AIS, has won a contract with Shell for the supply of crushable foam wrap (CFW) for a deepwater development located offshore Houston in the Gulf of Mexico/America. The initial order for the Whale development is for one well-set, with additional orders for four mor
