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Oil & Gas

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Fossil EnergyLiquefied Natural GasBusiness Developments & ProjectsProject & TendersBusiness & FinanceExploration & ProductionFPSO & VesselsRigsAuthorities & GovernmentRegulation & PolicyCollaborationOutlook & Strategy
Transformer station at Melkøya
Oil & Gas

Norwegian duo teams up on Equinor’s CO2-cutting LNG project

Asset integrity management company Axess Group has won an enterprise of competence (EoC) contract with Norway’s energy services company Aibel for work on a project operated by the compatriot energy giant Equinor.

about 1 year ago
Port of Gdańsk; Source: Gaz-System
Oil & Gas

Poland’s FSRU project taking shape as onshore segment makes new inroads

Poland’s gas transmission system operator, Gaz-System, has disclosed progress in the construction of the onshore section of the country’s floating storage and regasification unit (FSRU) in the Gulf of Gdańsk.

about 1 year ago
Flex Courageous vessel at sea
Oil & Gas

Flex LNG secures first of three planned vessel refinancing deals

Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has completed the lease financing for one of the vessels from its fleet.

about 1 year ago
Sea Lion FPSO and Phase 1 & 2 development layout; Source: Navitas
Oil & Gas

Sea Lion runs into setback as financing delays Falkland Islands’ $1.4B oil project

Israel’s Navitas Petroleum has put off a final investment decision (FID) for its giant Sea Lion oil project in the North Falkland Basin (NFB), pushing it to the second half of the year for Phase 1 to put a financing plan in place.

about 1 year ago
FPU Osman Gazi; Source: Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources via X
Oil & Gas

WATCH: FPU heads off to Black Sea ahead of doubling Türkiye’s gas production in 2026

As part of its efforts to wean itself off energy imports and bolster its domestic production capacity, Türkiye has sent its first-ever floating production unit (FPU) on a journey to the Black Sea, where it is expected to enable a twofold increase in gas production from the country’s giant deepwater

about 1 year ago
Illustration; Source: Petrobras
Oil & Gas

Petrobras taps Portuguese firm for €250M oil platform work

Empresa Construtora do Brasil, an affiliate of Portugal’s engineering group Mota-Engil, has secured a maintenance and construction contract with Brazilian state-owned energy giant Petrobras. Valued at around 1.61 billion Brazilian reais, equivalent to approximately €250 million, the contract is set

about 1 year ago
Illustration; Source: ADNOC Drilling
Oil & Gas

15-year drilling assignment enables rig duo to rake in $1.15 billion

ADNOC Drilling has expanded its workload with ADNOC Offshore, a compatriot oil and gas heavyweight, by securing another multi-year drilling campaign in the Middle East, which will be undertaken by two of its jack-up rigs.

about 1 year ago
Hail and Ghasha mega gas development concept; Source: ADNOC
Oil & Gas

Lukoil boosts its share in huge offshore sour gas project as OMV exits

Austria-headquartered oil and gas player OMV has struck a deal with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a giant sour gas development off the coast of the United Arab Emirates (UAE).

about 1 year ago
Artist's depiction of Geelong gas terminal
Oil & Gas

Australian LNG terminal gets green light to avert looming gas crisis

Australian energy infrastructure player Viva Energy has received the environmental green light for its proposed liquefied natural gas (LNG) terminal project in Geelong, Australia.

about 1 year ago
FPSO Armada Sterling II; Source: Shapoorji Pallonji Oil & Gas
Oil & Gas

Bumi Armada irons out FPSO deal in India

Bumi Armada has sorted out the arrangements for the operation and maintenance (O&M) of a floating production storage and offloading (FPSO) vessel working for Oil and Natural Gas Corporation (ONGC) off the coast of India.

about 1 year ago
Two men shaking hands
Oil & Gas

Orlen and Naftogaz sign agreement to deepen energy ties

Ukraine’s state-owned energy company Naftogaz Group and Poland’s energy company ORLEN have signed a memorandum of understanding (MoU) to strengthen joint energy-related strategic initiatives.

about 1 year ago
Digital rendering of Port Arthur LNG Project phase 1 and 2; Credit: Sempra
Oil & Gas

Sempra secures LNG export permit for Phase 2 of Texas facility

The U.S. Department of Energy (DOE) has issued a permit to Sempra Infrastructure, a subsidiary of North America’s energy infrastructure company Sempra, for the export of liquefied natural gas (LNG) to non-free trade agreement (non-FTA) countries from its facility in Jefferson County, Texas.

about 1 year ago
Deep Value Driller drillship; Source: Deep Value Driller
Oil & Gas

2014-built drillship embarks on Eni’s hydrocarbon search in African waters

Eni Ghana, a subsidiary of Italy’s energy giant Eni, has kicked off drilling activities off the coast of Ghana with a seventh-generation drillship, which previously worked for the Italian player in Côte d’Ivoire, Africa.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Oil & Gas

Japan-US duo strikes 20-year offtake deal for LNG export project in Texas

JERA has taken steps to boost its liquefied natural gas (LNG) arsenal through a new offtake agreement with NextDecade Corporation, enabling the U.S. player to edge closer to a positive final investment decision (FID) on the fifth train at its LNG export project in Texas, United States.

about 1 year ago
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