Category: Headline
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Extension arranged with Samsung Heavy Industries as US LNG project nears FID
Extension arranged with Samsung Heavy Industries as US LNG project nears FID Delfin Midstream, a U.S.-based liquefied natural gas (LNG) export infrastructure development company, has agreed to prolong a letter of award (LOA) with South Korea’s Samsung Heavy Industries (SHI) for the job related to the first floating LNG (FLNG) unit destined to be deployed…
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African offshore oil field set to come online by month-end
African offshore oil field set to come online by month-end Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, is planning to start oil production from an oil field off the coast of Benin by the end of January 2026. The post African offshore oil…
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MOL and ITOCHU perform Japan’s first environmental attribute certificate trade
MOL and ITOCHU perform Japan’s first environmental attribute certificate trade Japanese trading company ITOCHU Corporation and shipping major Mitsui O.S.K. Lines (MOL) have signed […] The post MOL and ITOCHU perform Japan’s first environmental attribute certificate trade appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon
TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon France’s TotalEnergies, Italian Eni, and QatarEnergy have signed an agreement with the Lebanese government […] The post TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Saipem’s jack-up returns to work in ‘key market’ after one-year suspension
Saipem’s jack-up returns to work in ‘key market’ after one-year suspension Saipem’s jack-up rig Perro Negro 7 is set to resume operations in Saudi Arabia […] The post Saipem’s jack-up returns to work in ‘key market’ after one-year suspension appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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UK firm’s subsea technology ordered for Japanese offshore wind
UK firm’s subsea technology ordered for Japanese offshore wind Japanese submarine cable installation specialist SEKIKAIJI Industry has purchased a trencher and advanced cable […] The post UK firm’s subsea technology ordered for Japanese offshore wind appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Ithaca Energy awards Prosafe vessel with $2.73M contract extension
Ithaca Energy awards Prosafe vessel with $2.73M contract extension North Sea oil & gas operator and producer Ithaca Energy has exercised the option […] The post Ithaca Energy awards Prosafe vessel with $2.73M contract extension appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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$10 billion awards spree: Seven players split Equinor’s multibillion-dollar contracts’ cake
$10 billion awards spree: Seven players split Equinor’s multibillion-dollar contracts’ cake Equinor has handed out multiple framework agreements to seven Norwegian supplier companies, including Aibel, Aker Solutions, Wood, Rosenberg Worley, Head Energy, Apply, and IKM Gruppen with a total value of around NOK 100 billion (approximately $9.9 billion). The post $10 billion awards spree: Seven players…
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Drydocks World in charge of LNG vessel’s rebirth as FSU
Drydocks World in charge of LNG vessel’s rebirth as FSU UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, has augmented its liquefied natural gas (LNG) conversion portfolio with a new refurbishment task that will allow it to give an LNG carrier a new lease on life as a floating storage…
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North America’s $44 billion LNG development to power Alaska’s gold mine
North America’s $44 billion LNG development to power Alaska’s gold mine Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has set the wheels in motion to secure a new deal for its liquefied natural gas (LNG) export development in Alaska by signing a non-binding letter of intent (LOI) with Donlin Gold, the developer of a mine…
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ADNOC casts the die for gas project as FID seals path to development
ADNOC casts the die for gas project as FID seals path to development The UAE’s energy heavyweight Abu Dhabi National Oil Company (ADNOC) has put the pen to paper for its ambition to boost its natural gas arsenal by propelling a gas project off the coast of Abu Dhabi, UEA, into execution phase with a…
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Port of Rotterdam: ABB to power world’s largest shore power project
Port of Rotterdam: ABB to power world’s largest shore power project ABB has secured contracts with Rotterdam Shore Power (RSP), a joint venture of Port […] The post Port of Rotterdam: ABB to power world’s largest shore power project appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Southeast Asia richer for its ‘biggest’ black gold find in two decades and third largest since 2000
Southeast Asia richer for its ‘biggest’ black gold find in two decades and third largest since 2000 With the appraisal insights regarding an oil find offshore Vietnam coming to light, Wood Mackenzie, an energy intelligence group, has labeled this hydrocarbon exploration success as “the biggest oil discovery in Southeast Asia of the last 20 years,”…
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Golden Sea Lion roars with appraisal success at oil discovery offshore Southeast Asia
Golden Sea Lion roars with appraisal success at oil discovery offshore Southeast Asia Houston-based oil and gas company Murphy Oil has achieved a new appraisal milestone related to an oil find in the Cuu Long Basin approximately 40 miles off the coast of Vietnam, Southeast Asia. This move is perceived to have unlocked significant resource upside.…
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Equinor expands Archer’s scope for P&A of 30 subsea wells
Equinor expands Archer’s scope for P&A of 30 subsea wells Norwegian state-owned energy company Equinor has awarded oil services company Archer with a multi-year […] The post Equinor expands Archer’s scope for P&A of 30 subsea wells appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Evaluation coming up next to shed light on early indications of gas presence offshore Australia
Evaluation coming up next to shed light on early indications of gas presence offshore Australia ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has intersected gas in Waarre reservoirs during drilling activities at a well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore…
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Noble puts Axess on inspection and certification duty for rig quartet offshore Guyana
Noble puts Axess on inspection and certification duty for rig quartet offshore Guyana Noble Corporation, a U.S.-based offshore drilling giant, has entrusted Norway’s asset integrity management company Axess Group with the provision of inspection and certification services for four mobile offshore drilling units (MODUs), which are deployed off the coast of Guyana. The post Noble puts…
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LNG vessel comes to Seatrium’s yard for new lease on life as Egypt-bound FSRU (Gallery)
LNG vessel comes to Seatrium’s yard for new lease on life as Egypt-bound FSRU (Gallery) Höegh Evi, a Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), has confirmed the arrival of an LNG carrier (LNGC) at a yard in Singapore, where it will undergo transformation to…
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Maersk Tankers’ green technology business changes ownership
Maersk Tankers’ green technology business changes ownership Marine services provider V.Group has acquired Njord, a Denmark-based green technology business founded by […] The post Maersk Tankers’ green technology business changes ownership appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change
Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change As Venezuela faces a regime change, the country’s production recovery is staring at a decade-long timeline despite near-term supply gains, according to Wood Mackenzie, an energy intelligence group, which believes that additional Venezuelan barrels could pressure Brent prices below mid-to high $50 per…
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Borr Drilling’s rig duo finds more work in US and Mexico
Borr Drilling’s rig duo finds more work in US and Mexico Bermuda-based offshore drilling contractor Borr Drilling has won a new assignment in the United States (U.S.) with an undisclosed operator for one premium jack-up rig and a contract extension with Italy’s Eni for another off the coast of Mexico. The post Borr Drilling’s rig…
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Exmar wraps up its largest ship-to-ship ammonia transfer (Video)
Exmar wraps up its largest ship-to-ship ammonia transfer (Video) Belgian shipping company Exmar has finished its largest ship-to-ship (STS) transfer of ammonia to date. The post Exmar wraps up its largest ship-to-ship ammonia transfer (Video) appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz
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Chevron achieves first oil offshore Angola two years after platform construction start-up
Chevron achieves first oil offshore Angola two years after platform construction start-up Cabinda Gulf Oil Company (CABGOC), a subsidiary of the U.S.-headquartered energy giant Chevron, has put into production mode a new oil platform off the coast of Angola just over two years after construction on the platform began. The post Chevron achieves first oil…
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Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor
Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor Transocean, an offshore drilling giant, has secured more drilling work for two mobile offshore drilling units (MODUs) off the coasts of Brazil and Norway. The post Transocean rig pair picks up multimillion-dollar gigs with BP and Equinor appeared first on Offshore Energy. Melisa Cavcic…
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Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator
Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator Scotland-headquartered engineering and design company T12 Engineering is set to design and manufacture a […] The post Scottish firm to deliver 60-ton subsea structure to Norwegian oil & gas operator appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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More LNG for Egypt as new deal strengthens energy and gas ties with Qatar
More LNG for Egypt as new deal strengthens energy and gas ties with Qatar With the aim of bolstering its liquefied natural gas (LNG) arsenal, Egypt has fortified its bonds with Qatar within the energy and natural gas domains through a memorandum of understanding (MoU) between the Egyptian Natural Gas Holding Company (EGAS) and QatarEnergy,…
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Energy outlook: 12 trends set to shape 2026 power spectrum
Energy outlook: 12 trends set to shape 2026 power spectrum With market volatility, geopolitics, and policy repercussions expected to be among the key drivers affecting the global energy landscape, Rystad Energy, an energy market intelligence group, has outlined 12 predictions for the year ahead, noting opportunities and challenges that will unfold alongside increasing complexity, including…
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Global energy transition drags its feet as oil & gas reign over energy mix
Global energy transition drags its feet as oil & gas reign over energy mix Against the backdrop of rising greenhouse gas (GHG) emissions, energy security and financial prudence are running the investment policy show, putting the transition to low-carbon and green sources of supply on the back burner, as fossil fuels dominate the energy mix,…
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Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards?
Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards? Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon…
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New gas supply key to staving off shortfalls looming on Australia’s energy horizon
New gas supply key to staving off shortfalls looming on Australia’s energy horizon As Australia takes steps to up its natural gas ante, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has emphasized the importance of further exploration and production endeavors to avert potential gaps in gas supply from…
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EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands
EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands The European Investment Bank (EIB) has approved a €490 million financing for an interconnection […] The post EIB commits €490M to Greek link that will end electrical isolation of Northeast Aegan islands appeared first on Offshore Energy. Nadja Skopljak Go…
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2025 at a glance: LNG wave sweeps across global gas markets
2025 at a glance: LNG wave sweeps across global gas markets With energy security still at the forefront, several liquefied natural gas (LNG) projects have been given the green light to proceed to production mode across the globe, with the United States (U.S.) running the show. As a result, 2025 marked the start of the…
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Throwback: Top oil & gas final investment decision picks
Throwback: Top oil & gas final investment decision picks As the global oil and gas story expands with new discoveries and projects, many operators have been laying the groundwork to make final investment decisions (FIDs) for the undeveloped assets in their portfolios. Since many companies decided to sanction their existing developments in 2025, Offshore Energy…
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2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition
2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth…
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Ten big consolidation moves across rig, oil & gas, and shipping spheres
Ten big consolidation moves across rig, oil & gas, and shipping spheres As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their place in the offshore…
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Readers’ choice: Offshore Energy’s most-read news in 2025
Readers’ choice: Offshore Energy’s most-read news in 2025 As the offshore energy sector continued to navigate the energy transition and technological development, […] The post Readers’ choice: Offshore Energy’s most-read news in 2025 appeared first on Offshore Energy. Offshore-Energy.biz Go to offshore energy biz
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Petrobras rubber-stamps oil & gas project offshore Brazil: FPSO negotiations drawing to a close
Petrobras rubber-stamps oil & gas project offshore Brazil: FPSO negotiations drawing to a close Brazilian state-owned energy giant Petrobras has made a final investment decision (FID) for a development in the Sergipe Alagoas Basin off the coast of Brazil. This project in the Northeast region is anticipated to expand the supply of gas. The post Petrobras…
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Saipem tasked with more work at Türkiye’s largest natural gas field under $425M contract
Saipem tasked with more work at Türkiye’s largest natural gas field under $425M contract Italy’s Saipem has secured additional work at the largest natural gas field in Türkiye […] The post Saipem tasked with more work at Türkiye’s largest natural gas field under $425M contract appeared first on Offshore Energy. Nadja Skopljak Go to offshore…
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Multibillion-dollar oil project getting new operator as Pemex passes the baton to Harbour
Multibillion-dollar oil project getting new operator as Pemex passes the baton to Harbour London-listed oil and gas company Harbour Energy is taking over the operator role at a giant oil field in the Sureste Basin off the coast of Tabasco state. The post Multibillion-dollar oil project getting new operator as Pemex passes the baton to Harbour…
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Order for new LNG vessel trio lands on Korean player’s plate
Order for new LNG vessel trio lands on Korean player’s plate Greece-headquartered shipping player Capital Clean Energy Carriers Corp. (CCEC) has tasked South Korea’s HD Hyundai Samho (Hyundai) to construct three liquefied natural gas (LNG) carriers (LNGC) set for delivery in 2028 and 2029. The post Order for new LNG vessel trio lands on Korean…
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GMS vessel staying on in GCC region
GMS vessel staying on in GCC region Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels for the offshore energy sector, has secured more time for one of its mid-size vessels in the Gulf Cooperation Council (GCC) region. The post GMS vessel staying on in GCC region appeared first on Offshore Energy.…
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Transocean rig encounters gas as it spuds next well in drilling campaign offshore Australia
Transocean rig encounters gas as it spuds next well in drilling campaign offshore Australia ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has kicked off drilling activities at another well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling player. The post Transocean…
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Nexans sets world record by installing power cable 2,150 meters under water
Nexans sets world record by installing power cable 2,150 meters under water France-headquartered cable systems designer and manufacturer Nexans has set a new world record in […] The post Nexans sets world record by installing power cable 2,150 meters under water appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Noble entrusts Norwegian player with job on 2009-built rig
Noble entrusts Norwegian player with job on 2009-built rig Noble Corporation, a U.S.-based offshore drilling giant, has assigned a task for its 16-year-old jack-up rig to Norway-based cleantech service provider Soiltech. The post Noble entrusts Norwegian player with job on 2009-built rig appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz
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Chinese partner comes aboard African oil & gas block ahead of drilling ops
Chinese partner comes aboard African oil & gas block ahead of drilling ops Antler Global, an associated company of the UK-headquartered and AIM-listed oil and gas player Europa Oil & Gas, has inked a deal to offload a partial stake in a block off the coast of Equatorial Guinea to Fuhai (Beijing) Energy, a wholly…
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$11 billion investment agenda on Gazprom’s 2026 horizon
$11 billion investment agenda on Gazprom’s 2026 horizon Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB…
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Saipem keeping seventh-gen drillship longer in its rig fleet
Saipem keeping seventh-gen drillship longer in its rig fleet Italy’s engineering, drilling, and construction services giant Saipem has prolonged the stay of a chartered seventh-generation drillship in its rig fleet. The post Saipem keeping seventh-gen drillship longer in its rig fleet appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz
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Eni going full steam ahead with drilling campaign in Gulf of Suez
Eni going full steam ahead with drilling campaign in Gulf of Suez As the dash for gas off the coast of Egypt continues to run unabated, the country’s Minister of Petroleum and Mineral Resources has visited the drilling site of the first well in the drilling program, Italy’s energy giant Eni is currently undertaking in…
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Texan facility produces its first ammonia
Texan facility produces its first ammonia The Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S., has produced its […] The post Texan facility produces its first ammonia appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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$35 billion gas export deal good to roll
$35 billion gas export deal good to roll A multibillion-dollar agreement for the export of natural gas from Israel to Egypt is locked and loaded, following the green light from the Israeli government. The post $35 billion gas export deal good to roll appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz
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Fugro’s Blue Essence USV performs its first remote survey offshore Germany
Fugro’s Blue Essence USV performs its first remote survey offshore Germany The Blue Essence uncrewed surface vessel (USV) owned by the Netherlands-headquartered Fugro has completed […] The post Fugro’s Blue Essence USV performs its first remote survey offshore Germany appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Drilling ops set for April: Rig ends nearly 13K-nautical mile journey from Europe to Asia
Drilling ops set for April: Rig ends nearly 13K-nautical mile journey from Europe to Asia Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has confirmed the arrival of a jack-up drilling rig to Southeast Asia, where it will embark on drilling activities next year. The post Drilling ops set for April: Rig ends nearly…
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Fourth piece of Cheniere’s multibillion-dollar LNG puzzle crossing the finish line in Texas
Fourth piece of Cheniere’s multibillion-dollar LNG puzzle crossing the finish line in Texas U.S. energy player Cheniere Energy has tucked a new milestone under its belt at its liquefied natural gas (LNG) facility, with the substantial completion of the fourth train, which is part of its expansion project on the La Quinta Ship Channel, along…
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Wärtsilä fuel-flexible engines ordered for new Brazilian duo
Wärtsilä fuel-flexible engines ordered for new Brazilian duo Finnish technology group Wärtsilä has been appointed by Brazilian operator AMAGGI to supply fuel-flexible […] The post Wärtsilä fuel-flexible engines ordered for new Brazilian duo appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Baker Hughes enhancing production at oil & gas fields in Middle East
Baker Hughes enhancing production at oil & gas fields in Middle East Thanks to a deal with Kuwait Oil Company (KOC), the U.S.-headquartered energy technology giant Baker Hughes is on a mission to help boost production from oil and gas fields in Kuwait, Middle East. The post Baker Hughes enhancing production at oil & gas…
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Dutch shipyard to build 24-meter autonomous wind-powered vessel
Dutch shipyard to build 24-meter autonomous wind-powered vessel Clippership, a U.S.-headquartered company developing autonomous wind-powered ships, has signed a construction contract for […] The post Dutch shipyard to build 24-meter autonomous wind-powered vessel appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Korean player gets hold of interest in Asian offshore block ahead of oil & gas drilling ops
Korean player gets hold of interest in Asian offshore block ahead of oil & gas drilling ops South Korea’s SK Earthon, the energy exploration and production (E&P) subsidiary of SK Innovation, has expanded its offshore acreage in Indonesian waters with a stake in a block, which is expected to see drilling activity before the year…
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Middle East sends its calling card to GMS’ large-class vessel
Middle East sends its calling card to GMS’ large-class vessel Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels for the offshore energy sector, has landed a new long-term assignment for one of its large‐class vessels in the Middle East. The post Middle East sends its calling card to GMS’ large-class vessel appeared…
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Woodside cleared for plug and abandonment off Australia’s northwest coast
Woodside cleared for plug and abandonment off Australia’s northwest coast Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given its green […] The post Woodside cleared for plug and abandonment off Australia’s northwest coast appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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US hands over emergency special permit to Sable Offshore
US hands over emergency special permit to Sable Offshore Sable Offshore, a Texas-headquartered oil and gas company, has received an emergency special permit for Santa Ynez pipeline system segments. The post US hands over emergency special permit to Sable Offshore appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz
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Helix to go on P&A duty in UK North Sea in 2026
Helix to go on P&A duty in UK North Sea in 2026 U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for […] The post Helix to go on P&A duty in UK North Sea in 2026 appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Gas field charting its development course as Aphrodite embarks on FEED journey
Gas field charting its development course as Aphrodite embarks on FEED journey Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have decided to move forward with a front-end engineering design (FEED) work for an offshore gas field reservoir in Block 12, located in the Eastern…
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Prysmian and Eni to recycle plastic cable scrap
Prysmian and Eni to recycle plastic cable scrap Italian cabling giant Prysmian and Versalis, the chemical subsidiary of Italian energy giant Eni, […] The post Prysmian and Eni to recycle plastic cable scrap appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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MOL puts financing in place for Singapore’s second LNG terminal
MOL puts financing in place for Singapore’s second LNG terminal Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has struck a finance deal for a floating storage and regasification unit (FSRU), which will be deployed in Singapore, Asia. The post MOL puts financing in place for Singapore’s second LNG terminal appeared first on Offshore Energy. Melisa Cavcic…
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Drilling ops run into technical glitches, postponing production start-up
Drilling ops run into technical glitches, postponing production start-up Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has encountered technical difficulties during its drilling activities at a field off the coast of Benin. The post Drilling ops run into technical glitches, postponing production start-up…
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Shell hits black gold in Gulf of America
Shell hits black gold in Gulf of America A U.S. subsidiary of the UK-headquartered energy giant Shell has found more oil during drilling operations with one of Transocean’s drillships in the U.S. Gulf of America (Gulf of Mexico). The post Shell hits black gold in Gulf of America appeared first on Offshore Energy. Melisa Cavcic…
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As Wärtsilä parts with gas solutions business, German player snaps it up
As Wärtsilä parts with gas solutions business, German player snaps it up Finnish technology group Wärtsilä has decided to divest Wärtsilä Gas Solutions to Mutares SE & Co. KGaA, a German private equity investor. The post As Wärtsilä parts with gas solutions business, German player snaps it up appeared first on Offshore Energy. Melisa Cavcic…
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Multimillion-dollar fleet enlargement on Pacific Basin’s agenda with four vessels being built
Multimillion-dollar fleet enlargement on Pacific Basin’s agenda with four vessels being built Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping has decided to expand its fleet by buying four Handysize newbuilding vessels for an aggregate consideration of approximately $119.2 million. The post Multimillion-dollar fleet enlargement on Pacific Basin’s agenda with four vessels…
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EIG enriches its portfolio with gas infrastructure in Peru
EIG enriches its portfolio with gas infrastructure in Peru Washington-headquartered EIG, through its managed investment vehicles, has acquired a stake from Canada Pension Plan Investment Board in Transportadora de Gas del Perú S.A. (TGP). The post EIG enriches its portfolio with gas infrastructure in Peru appeared first on Offshore Energy. Melisa Cavcic Go to offshore…
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TenneT selects NjordIC for Doordewind UXO consultancy work
TenneT selects NjordIC for Doordewind UXO consultancy work NjordIC has been awarded the UXO consultancy services contract for the Doordewind 1 & […] The post TenneT selects NjordIC for Doordewind UXO consultancy work appeared first on Offshore Energy. Adnan Durakovic Go to offshore energy biz
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Rise in costs to $1.98 billion among factors impacting Equinor’s low-emission gas project
Rise in costs to $1.98 billion among factors impacting Equinor’s low-emission gas project Norwegian state-controlled energy giant Equinor has revealed an increase in costs for a project anticipated to strengthen Norway’s position as a reliable and long-term supplier of gas produced with very low greenhouse gas (GHG) emissions. The company explains that onshore compression is…
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$3.2 billion move on LLOG opens doors to Gulf of America oil & gas scene for Harbour
$3.2 billion move on LLOG opens doors to Gulf of America oil & gas scene for Harbour London-listed oil and gas company Harbour Energy has made a multibillion-dollar play for LLOG Exploration Company (LLOG), which is being acquired from LLOG Holdings for $3.2 billion, comprising $2.7 billion of cash and $0.5 billion of the UK player’s…
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Reach Subsea cleared to operate in Australian waters
Reach Subsea cleared to operate in Australian waters Norway’s Reach Subsea has received all necessary regulatory and classification certifications in Australia for […] The post Reach Subsea cleared to operate in Australian waters appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Saipem and COOEC rake in $4 billion for work at QatarEnergy’s giant offshore gas field
Saipem and COOEC rake in $4 billion for work at QatarEnergy’s giant offshore gas field In partnership with China Offshore Oil Engineering Co. (COOEC), Italy’s engineering, drilling, and construction services giant Saipem has won a multibillion-dollar engineering, procurement, construction, and installation (EPCI) assignment with QatarEnergy LNG, a subsidiary of Qatar’s state-owned energy giant QatarEnergy, at…
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New oilfields development project switches production mode on
New oilfields development project switches production mode on Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has brought online its oilfields development project in the shallow water of the Pearl River Mouth Basin off the coast of China. The post New oilfields development project switches production mode on appeared first on Offshore…
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Damen starts construction of new multi-purpose vessel for Herman Senior
Damen starts construction of new multi-purpose vessel for Herman Senior Damen Shipyards Group, a Dutch shipbuilding giant, has held a keel-laying ceremony for Herman Senior’s new multi-purpose vessel (MPV) at the Albwardy Damen shipyard in Sharjah, United Arab Emirates (UAE). The post Damen starts construction of new multi-purpose vessel for Herman Senior appeared first on Offshore…
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Subsea7 and Equinor extend IMR deal for 2013-built vessel
Subsea7 and Equinor extend IMR deal for 2013-built vessel Subsea7 and Equinor have agreed on an extension of their existing frame agreement covering […] The post Subsea7 and Equinor extend IMR deal for 2013-built vessel appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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SFL sheds Suezmax tanker duo and pulls the plug on charters for two other vessels
SFL sheds Suezmax tanker duo and pulls the plug on charters for two other vessels Bermuda-based shipowner and charterer SFL Corporation has decided to divest two ten-year-old Suezmax tankers and end charters for two more such vessels. The post SFL sheds Suezmax tanker duo and pulls the plug on charters for two other vessels appeared first…
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Maintenance and upgrade work completes at world’s largest tidal stream array
Maintenance and upgrade work completes at world’s largest tidal stream array Offshore works, which included turbine recovery, have been completed at MeyGen, described as the […] The post Maintenance and upgrade work completes at world’s largest tidal stream array appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027
EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027 Given its determination to shake off the shackles of dependence on Russian oil and gas imports, the European Union (EU) has decided to lay down the law on these fossil fuels by holding the line on the…
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Alternative fuels and OCCS-ready bulk carrier gets ClassNK’s approval
Alternative fuels and OCCS-ready bulk carrier gets ClassNK’s approval Japanese classification society ClassNK has issued approval in principle (AiP) for a concept design […] The post Alternative fuels and OCCS-ready bulk carrier gets ClassNK’s approval appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Tekmar wins €8 million contract for ‘major’ UK offshore wind farm
Tekmar wins €8 million contract for ‘major’ UK offshore wind farm UK-headquartered Tekmar Group has secured a contract worth over €8 million with an existing […] The post Tekmar wins €8 million contract for ‘major’ UK offshore wind farm appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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EIG’s MidOcean wraps up acquisition of stake in Petronas’ Canadian upstream portfolio
EIG’s MidOcean wraps up acquisition of stake in Petronas’ Canadian upstream portfolio Malaysia’s state-owned energy giant Petronas has sold a partial interest in its Canadian assets to MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG). The post EIG’s MidOcean wraps up acquisition…
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SBM Offshore’s FPSO duo staying with ExxonMobil offshore Angola until 2032
SBM Offshore’s FPSO duo staying with ExxonMobil offshore Angola until 2032 Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has landed a multi-year contract extension for two floating production, storage, and offloading (FPSO) vessels off the coast of Angola with Esso Exploration Angola, an affiliate of the U.S.-headquartered energy…
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Major works contract marks final step for construction start at Australian interconnector
Major works contract marks final step for construction start at Australian interconnector Marinus Link Pty Ltd (MLPL) has executed its major works contract with a joint […] The post Major works contract marks final step for construction start at Australian interconnector appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Spain: Record 22-meter suction sail installed on general cargo vessel (Video)
Spain: Record 22-meter suction sail installed on general cargo vessel (Video) Spanish bound4blue has completed the installation of what it says is the largest suction […] The post Spain: Record 22-meter suction sail installed on general cargo vessel (Video) appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Proposed US deepwater port terminal seeks LNG export permit to 2050
Proposed US deepwater port terminal seeks LNG export permit to 2050 The U.S. Office of Fossil Energy and Carbon Management has received an application from ST LNG for a long-term, multi-contract authorization to export domestically produced liquefied natural gas (LNG) up to the equivalent of 460 billion cubic feet of natural gas per year to…
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Fifth chapter of North Sea oil project’s book now online
Fifth chapter of North Sea oil project’s book now online Vår Energi, a Norwegian oil and gas operator, has put into production mode another addition to an oil project in the North Sea off the coast of Norway. The post Fifth chapter of North Sea oil project’s book now online appeared first on Offshore Energy. Melisa Cavcic…
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WATCH: Noble rig reaches Bulgaria to kick off Black Sea drilling ops by year-end
WATCH: Noble rig reaches Bulgaria to kick off Black Sea drilling ops by year-end Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, are getting ready to begin drilling activities in the Black Sea off the coast of Bulgaria. The post WATCH: Noble rig reaches Bulgaria to…
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Only two weeks left: Save 25% on advertising on Offshore-Energy.biz
Only two weeks left: Save 25% on advertising on Offshore-Energy.biz ⌛ Only two weeks left to take advantage of our 25 in ’25 offer. […] The post Only two weeks left: Save 25% on advertising on Offshore-Energy.biz appeared first on Offshore Energy. Offshore-Energy.biz Go to offshore energy biz
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Jan De Nul, Hellenic Cables link German offshore wind farm site with DolWin kappa platform
Jan De Nul, Hellenic Cables link German offshore wind farm site with DolWin kappa platform Jan De Nul has installed three HVAC subsea cables, delivered by Hellenic Cables, between […] The post Jan De Nul, Hellenic Cables link German offshore wind farm site with DolWin kappa platform appeared first on Offshore Energy. Adrijana Buljan Go…
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Odfjell presses play for Brazil-Europe green corridor as new zero-emission shipping step
Odfjell presses play for Brazil-Europe green corridor as new zero-emission shipping step Norway-headquartered Odfjell Group, a player in seaborne transportation and storage of chemicals and other specialty bulk liquids, has bankrolled and put into operation mode what it describes as the first operational green shipping corridor between Brazil and Europe. The post Odfjell presses play…
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EU-funded study to asses feasibility of Panama-Spain green shipping corridor
EU-funded study to asses feasibility of Panama-Spain green shipping corridor London-based environmental, energy and engineering consulting company Ricardo is leading a study that investigates […] The post EU-funded study to asses feasibility of Panama-Spain green shipping corridor appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Ten-year job for Wood on US Gulf Coast LNG project
Ten-year job for Wood on US Gulf Coast LNG project Scotland-headquartered engineering and consulting company Wood has won a multi-year assignment with Houston-headquartered NextDecade Corporation for a liquefied natural gas (LNG) export project in Texas, United States. The post Ten-year job for Wood on US Gulf Coast LNG project appeared first on Offshore Energy. Melisa…
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Galveston LNG Bunker Port inks supply deal with international shipping company
Galveston LNG Bunker Port inks supply deal with international shipping company Galveston LNG Bunker Port (GLBP), a Texas-based developer of what is said to be […] The post Galveston LNG Bunker Port inks supply deal with international shipping company appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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North Sea green shift at play: Dutch gas platform plugs into German offshore wind power
North Sea green shift at play: Dutch gas platform plugs into German offshore wind power The Netherlands-based exploration and production player ONE-Dyas, together with its partners EBN and Tenaz Energy, has tucked a new decarbonization milestone under its belt by breathing life into the first natural gas production platform in the Dutch and German sectors…
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BW Energy enters Angola’s offshore oil & gas playground with new acquisition
BW Energy enters Angola’s offshore oil & gas playground with new acquisition Oslo-listed oil and gas E&P player BW Energy has struck a deal to get hold of minor stakes in two blocks off the coast of Angola. The post BW Energy enters Angola’s offshore oil & gas playground with new acquisition appeared first on…