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Oil & Gas

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Fossil EnergyBusiness & FinanceBusiness Developments & ProjectsExploration & ProductionRigsProject & TendersClean FuelGreen MarineLiquefied Natural GasLNGOther FuelsPorts & InfrastructureRegulations & PolicyAuthorities & GovernmentMarket OutlooksOutlook & StrategyRegulation & PolicyFPSO & VesselsSeismicSubseaVesselsCollaborationEquipmentDecommissioningHeavy liftingInfrastructureTransitionVision
An offshore platform and a vessel next to it at sunset
Oil & Gas

Millions committed to bring Southeast Asian gas field to life

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas player Conrad Asia Energy, has taken a step to secure future gas supply by greenlighting a final investment decision (FID) for a natural gas field in the West Natuna Sea off the coast of Indone

about 6 months ago
Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas
Oil & Gas

Navitas signs off on Falkland Islands oil & gas portfolio expansion

Israel’s Navitas Petroleum has locked in the increase of its oil and gas footprint off the coast of the Falkland Islands by firming up a deal to get a lion’s share in a license within the North Falkland Basin.

about 6 months ago
NAGA 2 jack-up rig; Source: Velesto
Oil & Gas

Five-year Asian drilling gig comes Velesto rig’s way

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas.

about 6 months ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Oil & Gas

Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms

As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo

about 6 months ago
A man looking at a large vessel at sea
Oil & Gas

Petronas hand-picks FPSO for Asian hydrocarbon redevelopment project

OceanSTAR Engineering Holding, part of Singapore-headquartered OceanSTAR Elite group of companies, has secured a new deal with Petronas Carigali (PCSB), a subsidiary of Malaysia’s energy giant Petronas, for the provision of lease, operation and maintenance of a floating production, storage, and offl

about 6 months ago
PSV Seacor Yangtze; Source: Remøy Shipping
Oil & Gas

Two 2018-built vessels pick up North Sea gig with TGS

Norwegian energy data and intelligence company TGS has hired two platform supply vessels (PSVs), managed by Norway’s shipping company, Remøy Shipping.

about 6 months ago
Three Acteon firms unite to deliver multi-million-dollar contract with Petrobras
Oil & Gas

Three Acteon firms unite to deliver multi-million-dollar contract with Petrobras

Intermoor, Acteon’s Moorings and Anchors business line, has secured a three-year contract with Brazil’s oil & gas giant Petrobras for stack-up mooring system services in Brazil. The multi-million-dollar contract will see the provision of work to support light-workover interventions and abandonment o

about 6 months ago
Illustration; Source: AF Offshore Decom - Helene Pettersen
Oil & Gas

AF Offshore and Heerema tasked with removing 39,500-ton North Sea platform

A consortium of AF Offshore Decom, part of AF Gruppen, and Heerema Marine Contractors (HMC) has secured a contract for the engineering, preparation, removal and disposal (EPRD) of a North Sea platform on the UK Continental Shelf (UKCS). The platform’s topsides weigh approximately 27,500 tons and the

about 6 months ago
Calcasieu Pass terminal; Source: Venture Global
Oil & Gas

Korean player taps US firm for two-decade-long LNG offtake

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed off on a multi-year LNG deal with Korea’s Hanwha Aerospace, described as a core affiliate of the Hanwha Group.

about 6 months ago
Modules for Shell's Fourchon Resiliency Project; Source: Morrison Energy
Oil & Gas

New milestone for Shell’s project bolstering US Gulf energy infrastructure hub

Louisiana-based Chet Morrison Contractors, known as Morrison Energy, has confirmed the load-out of the first modules for a project aiming to up the resiliency ante of Port Fourchon in the Pelican State.

about 6 months ago
US LNG giant exercises option for more newbuild vessel charters from Ocean Yield and NYK
Oil & Gas

US LNG giant exercises option for more newbuild vessel charters from Ocean Yield and NYK

Cheniere Marketing International, a wholly owned subsidiary of the U.S. energy player Cheniere Energy, has declared the option to increase the number of newbuild liquefied natural gas (LNG) carriers it will charter from Norwegian shipowner Ocean Yield and Japan’s shipping giant Nippon Yusen Kabushik

about 6 months ago
Corpus Christi LNG terminal
Oil & Gas

Corpus Christi becomes second-largest US LNG export project thanks to export expansion approval

The U.S. Energy Department has approved a 12% expansion in exports at Cheniere Energy’s Corpus Christi liquefied natural gas (LNG) terminal, located on the La Quinta Ship Channel in South Texas. The authorization, signed by U.S. Secretary of Energy Chris Wright, allows additional exports of up to 0.

about 6 months ago
Alaska LNG
Oil & Gas

TotalEnergies signs preliminary deal to offtake Alaskan LNG for 20 years

French energy giant TotalEnergies has signed a letter of intent (LoI) with lead developer Glenfarne for the offtake of 2 million tons per year (mtpa) of liquefied natural gas (LNG) over 20 years from the Alaska LNG project, subject to the project’s final investment decision (FID). The Alaska LNG pro

about 6 months ago
Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO
Oil & Gas

Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO

Everllence, formerly MAN Energy Solutions, will deliver its electrically driven compressor technology to MODEC for a floating production, storage, and offloading (FPSO) vessel that will work at an oil project offshore Guyana operated by ExxonMobil. Everllence will deliver four barrel-type RB compres

about 6 months ago
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