Papua New Guinea’s (PNG) Kumul Petroleum Holdings has secured funding to acquire 2.6% of PNG LNG stake from Australian energy company Santos. According to Santos, Kumul paid approximately $250 million into escrow with Santos as part payment of the purchase price and executed binding funding arrangem
CNOOC Limited has kicked off production from oilfields Phase II development project in the South China Sea, offshore China.
Galp is currently drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries.
While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.
Three rigs stand out as the highest-paid ones during the second half of 2023. Unsurprisingly, all three spots were taken by drillships.
Shell has picked Seatrium for the construction and integration of its new FPU destined for its project in the U.S. Gulf of Mexico.
Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.
Shell has tucked a green light for its environment plan (EP) under its belt for a seabed survey on the Crux natural gas field off Australia.
As we gradually shift our focus on the new year and on what lies ahead in the offshore energy industry in 2024, let’s give a last look to 2023 to pay tribute to this very eventful year. Unfortunately, the year was marked with a number of dark events, with the Balticconnector offshore gas pipeline in
Woodside has received a stamp of approval for an environment plan, covering seabed intervention and trunkline installation off Australia.
Software technology company DIMATE is making its way into the clean energy services industry, including carbon capture and hydrogen, with its PACS (picture archiving and communication system) solution for end-to-end digitization of test processes on safety-relevant components with integration into c
Beach Energy has received the green light for a revised environment plan, entailing subsea installation and commissioning off Australia.
The oil and gas industry become a hotspot for multi-billion mergers and acquisitions in 2023 while hinting at further consolidation in the fossil fuel machinery.
Petrobras has kicked off production from an FPSO vessel at its giant oil field in the pre-salt area of the Santos Basin offshore Brazil.
