The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market…
Oceaneering’s Rosyth, Scotland, umbilical and cable manufacturing facility has secured grant funding from Scottish Enterprise (SE). The funding will support Oceaneering’s floating offshore wind dynamic cable qualification projects.The immediate…
Seatrium Limited signed a Letter of Intent (LOI) with Karpowership, a global energy company and the owner, operator, and builder of the world’s largest Powership (floating power plant) fleet.Under the LOI, Seatrium will carry out the integration of four New Generation Powerships…
Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S…
Saipem, through its subsidiary PT Saipem Indonesia, in its role as leader of the consortium which also includes PT Tripatra Engineers & Constructors, PT Tripatra Engineering, and PT McDermott Indonesia, has received formal notification of the…
An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said…
Lime Petroleum AS announced that for the full month of July 2025, production at the Brage and Yme Fields combined, net to LPA, was 11,941 barrels of oil equivalent per day (boepd).Brage Field: LPA holds a 33.8434 per cent interest in the Brage Field…
The Johan Castberg field is important to the further development of the Barents Sea, says the Norwegian Petroleum Directorate, as it will be producing oil for many years to come, and new discoveries can be incorporated.The Johan Castberg oil field came on stream in March…
Onshore wave energy company Eco Wave Power Global has installed its energy conversion unit at the Port of Los Angeles, marking a key step toward first operational testing of the company's inaugural U.S. wave energy pilot.The energy conversion…
Esso Australia, ExxonMobil’s Australian subsidiary, has started drilling for the nearly $200 million Kipper 1B project, which will bring online much-needed additional gas supply from the Gippsland Basin.The project is using Valaris’ VALARIS…
Israel's Leviathan natural gas field has signed the largest export agreement in the country's history, worth up to $35 billion to supply gas to Egypt, NewMed, one of the partners in the field, said on Thursday.The deal should ease an energy crisis in Egypt…
Offshore wind developers Flotation Energy and Cobra have received full onshore and offshore planning approval for their 100 MW White Cross floating wind project in the Celtic Sea.The proposed offshore wind farm, located 52km off the Devon coast…
ConocoPhillips will sell its Anadarko Basin assets for $1.3 billion, the energy producer said on Thursday, after beating Wall Street estimates for second-quarter profit.Shares of the company rose nearly 2% in premarket trade.The asset sale, expected to close at the beginning of the fourth quarter…
Offshore drilling contractor Shelf Drilling has secured short-term contract for the Shelf Drilling Enterprise and a contract extension for the Trident 16 jack-up drilling rigs.The Shelf Drilling Enterprise has been hired for one firm well operation in Vietnam…
Southern Energy S.A. (SESA), a company formed to enable LNG exports from Argentina, has reached final investment decision (FID) for the charter of 3.5MTPA MK II floating LNG (FLNG) from Golar LNG.The key commercial terms for the 20-year charter…
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