With the results of the tender reaffirmed, Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe is anticipating the prompt signing of a multi-year vessel contract in South America with Petrobras, Brazil’s state-owned oil and gas giant.
While one segment of an oil project in the North Sea is slated to go into production mode this year, Vår Energi and its partner, Kistos Energy, have put their stamp of approval on a final investment decision (FID) to bring online another addition to the same asset next year off the coast of Norway.
Nine companies have won exploration rights for several offshore blocks on offer at the 5th Permanent Concession Offer Cycle held by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP).
A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.
The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage development. The expansion in Phase 2 will increase the transport and storage capacity from 1.5 million to at least 5 million tons of CO2 per
French technological containment specialist Gaztransport & Technigaz (GTT) has been hired by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the tank of a liquefied natural gas carrier (LNGC) newbuild.
With the goal of stepping up its drone technology game for crude oil storage tank inspections on floating production, storage, and offloading (FPSO) vessels and large offshore platforms, Japan’s MODEC has revived its relationship with Terra Drone Corporation, a compatriot drone and urban air mobilit
Petronas CCS Ventures, part of Malaysia’s state-owned energy giant Petronas, compatriot shipowner MISC Berhad and Japanese shipping company Mitsui O.S.K. Lines (MOL) have incorporated a strategic joint venture to develop and acquire liquefied carbon dioxide (LCO2) carriers.
Perth-based oil and gas exploration player Finder Energy has signed a development alliance agreement and accelerated front-end engineering and design (FEED) project (AFP) agreement with U.S.-headquartered technology player SLB, aimed at fast-tracking the development of two oilfields offshore Timor L
Malaysia’s state-owned energy giant Petronas has inked two deals: a liquefied natural gas (LNG) sale and purchase agreement (SPA) with the U.S.-based Commonwealth LNG and a joint venture framework agreement (JVFA) with Italy’s energy major Eni.
MODEC and Toyo Engineering India have set up a global capability center (GCC) in India’s Bengaluru, as a joint venture company, named TOYO MODEC OFS India (OFS India), which is envisioned to serve as a strategic hub that will create high-value job opportunities for engineering, procurement, and floa
Malaysia’s Yinson Production has ticked all the items off the list to bolster its financial position and drive growth by finishing the work related to a $1 billion investment secured with a consortium of international investment firms.
Seascape Energy Asia, a wholly owned subsidiary of Southeast Asia-focused E&P company Seascape Energy, has been awarded the operatorship of a small field asset production sharing contract (SFA PSC) offshore peninsular Malaysia by the state-owned energy giant Petronas.
Odfjell Drilling, a 52-year-old offshore drilling player, has confirmed the wrap-up of a special period survey (SPS) for another semi-submersible rig that was on the agenda this year.
