SBM Offshore has secured project financing worth $465 million for the Chalchi floating storage and offloading (FSO) vessel, being built for Woodside Energy's Trion project offshore Mexico.The financing has been provided by a consortium of international…
Italian energy services company Saipem has signed a binding agreement to sell its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company for $285 million, as it seeks to focus on deepwater and harsh-environment offshore drilling…
Trendsetter Vulcan Offshore (TVO) has deployed its proprietary Hercules tethered blowout preventer (TBOP) system to bring a shut-in well in the Gulf of America back into production, enabling a deepwater drilling rig to carry out a shallow-water workover operation…
Shearwater Geoservices has been awarded a 4D towed‑streamer seismic acquisition project for the Mariner field in the UK North Sea by Adura Operations, a joint venture between Shell and Equinor.The one-month survey will start in July 2026 and…
The digitalization trend in offshore energy operations is hardly news, but the speed of technology evolution, driven by artificial intelligence with the companion threat of cyber breaches offers as many questions as answers, as many challenges as opportunities…
The shareholder in offshore drilling contractor Vantage Drilling have approved its proposed merger with Norway-based Eldorado Drilling, advancing a transaction that values Vantage's equity at approximately $258 million.The approval was secured at a special general meeting held in Bermuda on June 18…
Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon.By 0645 GMT, Brent crude futures LCOc1 gained 51 cents…
The Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for a wildcat well in the North Sea.The permit is for wellbore 36/4-2 in production license 1153, operated by Aker BP with 40% working interest.Aker BP’s partners in the license are INPEX Idemitsu Norge with 30%…
Shell is preparing to launch a sale of its offshore wind farms that could fetch more than $1 billion, in the oil giant's latest move away from renewable energy, Bloomberg News reported on Friday, citing people familiar with the matter.The company…
Petrobras' P-79 floating production, storage and offloading (FPSO) unit has completed its first oil offloading after beginning operations at the Búzios field offshore Brazil, according to shipbuilder Hanwha Ocean.Hanwha Ocean, which carried out the engineering…
Britain has offered grid connections to more than 700 projects, the country's power planning body said on Wednesday, under a reformed allocation system expected to help unlock up to £40 billion in annual clean power investment.The allocations follow recent reforms replacing a 'first come…
Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects…
Saipem's multi-purpose heavy-lift vessel JSD6000 has started preparatory work in the Port of Genoa ahead of its deployment on the Neptun Deep gas development project in the Black Sea.The vessel is currently moored at the San Giorgio del Porto shipyard…
Offshore drilling contractor Noble Corporation has secured a three-well drilling contract with BP for the semi-submersible rig Noble GreatWhite offshore United Kingdom.The contract is expected to last between 150 and 210 days and carries a dayrate of $320…
Conrad Asia Energy, via its subsidiary West Natuna Exploration Limited (WNEL), has signed a binding contract with PT Pertamina Drilling Services Indonesia through the PDSI–ADES Consortium for the provision of a jack-up drilling rig to support development of the Mako gas field offshore Indonesia…