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Oil & Gas

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Fossil EnergyBusiness & FinanceBusiness Developments & ProjectsProduction & ProcessingSubseaCollaborationExploration & ProductionOutlook & StrategyProject & TendersVisionRigsLiquefied Natural GasLow-Carbon TransitionTransitionFPSO & VesselsVessels & VehiclesVesselsOperations & Maintenance
FPSO Maria Quitéria; Source: Yinson Production
Oil & Gas

Yinson issues ‘largest-ever’ FPSO project bond to refinance Brazilian unit

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has placed a bond for a floating, production, storage, and offloading (FPSO) unit working at an oil field in the pre-salt Campos Basin offshore Brazil.

about 1 year ago
Newly formed Houston firm sheds subsea tree business to focus on core product lines
Oil & Gas

Newly formed Houston firm sheds subsea tree business to focus on core product lines

Innovex International, a Houston-based provider of products and technologies to the oil & gas industry, established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has completed the divestment of its Subsea Tree product line to compatriot Trendsetter Engineering in an all-cash tra

about 1 year ago
NAGA 5 rig; Source: Velesto
Oil & Gas

15-well drilling campaign in Malaysian waters goes to Velesto rig

Velesto Drilling, a subsidiary of Velesto Energy, has won a new multi-well drilling assignment for one of its jack-up rigs off the coast of Malaysia, Southeast Asia.

about 1 year ago
Saipem 10000 drillship
Oil & Gas

One well down, as Saipem drillship moves to another to unlock more gas at Eni’s field

Eni has completed the drilling of a well at a natural gas field in the Mediterranean off the coast of Egypt, using a drillship from the rig fleet of Saipem, a compatriot engineering, drilling, and construction services player.

about 1 year ago
FPS Shenandoah; Source: Navitas Petroleum
Oil & Gas

Danos wins work on US Gulf deepwater project targeting first oil later this summer

Danos Operations Services, a subsidiary of U.S.-based energy services provider Danos, has won a contract with Texas-based exploration and production player Beacon Offshore Energy to provide production services for a floating production system (FPS) facility situated in the deepwater Gulf of America.

about 1 year ago
Selene prospect was drilled with the Valaris 123 jack-up rig; Source: Valaris
Oil & Gas

Viaro Energy broadens its UK oil & gas horizons in North Sea with Deltic buy

London-based independent upstream player Viaro Energy is expanding its oil and gas portfolio in the UK sector of the North Sea through the acquisition of Deltic Energy, an AIM-listed natural resources investing company.

about 1 year ago
An offshore rig
Oil & Gas

UK firm secures more funding for Cameroon drilling program

The AIM-listed oil and gas company Tower Resources has expanded its bridge loan with Gibraltar-registered private investment company Prime Resources.

about 1 year ago
Louisiana LNG
Oil & Gas

Job for $17.5 billion LNG project in Louisiana lands on US dredging giant’s table

Houston-based dredging services provider Great Lakes Dredge & Dock Corporation (GLDC) has won a dredging assignment on a liquefied natural gas (LNG) development in Calcasieu Parish, Louisiana, which is operated by Australia’s Woodside Energy.

about 1 year ago
LNG Canada
Oil & Gas

Canada’s huge Shell-led export project achieves its first LNG cargo

With the first liquefied natural gas (LNG) cargo out of the way, LNG Canada, a joint venture company encompassing Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, has tucked a new milestone under its belt at its giant LNG export terminal in Kitimat, Canada’s British Columbia.

about 1 year ago
Johan Sverdrup field; Credit: Lizette Bertelsen/Jonny Engelsvoll/Equinor
Oil & Gas

Giant North Sea oil field’s $1.3 billion third chapter is a go

Equinor has taken a final investment decision (FID) for the third phase of an offshore project in the North Sea, which is considered the third-largest oil field on the Norwegian Continental Shelf (NCS).

about 1 year ago
High Island V jack-up rig; Source: Shelf Drilling
Oil & Gas

Shelf Drilling rig staying five more years with Aramco

Shelf Drilling (SHLF) has landed a multi-year assignment for one of its jack-up rigs in the Middle East, where it will continue its drilling work with Aramco.

about 1 year ago
A stage for a FPSO sailaway ceremony
Oil & Gas

Seventh FPSO prepares to join Petrobras’ Santos Basin field

A sailaway ceremony has been held to mark the departure of a floating production storage and offloading (FPSO) unit from Seatrium’s yard in Singapore to a field offshore Brazil operated by the country’s state-owned energy major Petrobras.

about 1 year ago
Skandi Achiever; Source: DOF
Oil & Gas

Two more multimillion-dollar vessel gigs land on DOF’s task list in Brazilian waters

DOF Group has won another set of long-term assignments off the coast of Brazil for one of its anchor handling tug supply (AHTS) vessels and a remotely operated vehicle (ROV) support vessel (RSV), with the country’s state-owned energy giant Petrobras.

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Oil & Gas

Restart of North Sea FPSO underway

With repairs out of the way, the UK-based upstream oil and gas player Serica Energy has revealed the progress made in resuming production from its assets in the North Sea, as wheels are in motion to bring a floating production, storage, and offloading (FPSO) vessel on the UK Continental Shelf (UKCS)

about 1 year ago
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