Italy’s engineering, drilling, and construction services giant Saipem has signed a memorandum of understanding (MoU) for the possible merger with UK-based energy player Subsea7.
Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene.
Switzerland-headquartered contractor Allseas has put the wheels into motion to get ready for its new assignment at Brazil’s second largest oil field.
Chinese state-owned oil and gas giant CNOOC has kick-started production from the second phase of its oilfield development project in the Bohai Sea.
Norwegian oil & gas player Vår Energi has awarded compatriot company Lufttransport RW the contract for operating two new helicopters manufactured by Italy’s Leonardo.
After concluding the Malaysia Bid Round 2024 (MBR 2024) by signing two offshore production sharing contracts (PSCs) with Japan’s Inpex Corporation through its subsidiary Malaysia Petroleum Management (MPM), Malaysia’s state-owned energy player Petronas has announced a new licensing round.
Shell has made a play for interests ConocoPhillips, a U.S. oil major, holds in its assets in the Gulf of America (GoA), formerly named Gulf of Mexico (GoM).
Texas GulfLink has secured a stamp of approval from the U.S. Department of Transportation’s Maritime Administration for its deepwater port license application, bringing a multi-year environmental and technical review saga to an end.
Aker BP has found no hydrocarbons in the Norwegian Sea, following drilling activities conducted by one of Saipem’s semi-submersible rigs off the coast of Norway.
Equinor has portrayed electrification as the key measure to curb greenhouse gas (GHG) emissions from oil and gas production, paving the way to move forward with the energy transition journey to a low-carbon and zero-emission era.
Brazil’s energy giant Petrobras has signed two credit notes and a memorandum of understanding (MoU) with the Banco do Brasil (BB) aiming to fund and promote initiatives related to sustainability and energy transition.
With the first legal stone cast at the reversal of ocean protections, the Trump administration is facing its initial environmental challenge from groups concerned about the threats stemming from steps taken to spur offshore drilling zest for a new era of oil and gas rush.
Wood is staying for two more years on duty with Shell, thanks to a contract extension, which covers the British oil major’s onshore and offshore portfolio in the United Kingdom.
Inpex has confirmed the setting of the stage for a miles-long journey, which Heerema Marine Contractors and its heavy lift vessel will undertake to bring a liquefied natural gas (LNG) booster compression module (BCM) from Indonesia to Australian waters, where it will be installed to augment producti
