Saipem awarded $425 million contract to develop Turkey's largest offshore gas field
Italian engineering group Saipem won a $425-million contract to continue the development of Turkey’s largest offshore natural gas field. The contract, awarded by Turkish Petroleum OTC…
Gascade Converts Pipelines for Alternative Marine Fuels
German gas grid operator Gascade on Thursday said it has converted a 400 km (249 miles) high-pressure pipeline to transport low-carbon hydrogen southwards from the Baltic Sea as part…
Petrobras, Brazil's state-owned oil company, says that it could begin Sudoeste de Tartaruga Verde in just two years.
Sylvia Anjos said that Brazil's Petrobras may begin producing oil at the Sudoeste de Tartaruga verde block within two years. In November, the firm discovered the block in Brazil's Campos Basin.
Oil Firms in Norway to Drill 18% Less Exploration Wells by 2026, Survey Finds
A survey on Thursday showed that oil firms in Norway are planning to drill 18% less exploration wells next, as they focus on existing fields. This could undermine the government's aim…
In Brazil, oil majors have united to oppose the Subsea7/Saipem merger
Public documents show that oil majors in Brazil are united against a merger proposed between energy contractors Subsea7 & Saipem. Cade, the antitrust agency, has requested new data…
Fugro's profits beat estimates, but the company is still cautious about Q4
Dutch geological data specialist Fugro reported stronger-than-expected core earnings on Friday, but cautioned that worsening conditions in the offshore wind sector and tighter spending…
Amapa Governor: Brazil's Petrobras is studying a logistics base for Amapa
Clecio Liu, the governor of the Amazonian State of Amapa told reporters that Brazil's Petrobras had authorized studies to build a logistics centre in the state. Last week, the state…
How Hot Is Your Cable? Understanding Subsea Cable Thermal Performance
Sponsored WebinarHow Hot Is Your Cable? Seequent Unlocks Subsea IntelligenceCable temperature drives ampacity, reliability, and lifecycle costs. See how subsurface models and field data help predict…
Saipem, an Italian company, reports a 29% increase in its core profit for the third quarter.
Saipem, an Italian energy contractor, reported on Wednesday that its adjusted core profit for the third quarter rose by 29% on a year-on-year due to new orders it received in Turkey and Guyana.
Singapore signss 3-GW green energy deals with Malaysia
According to joint announcements released on Friday, Singapore and Malaysia have signed two agreements for the supply of electricity across borders. This could allow Singapore to access…
As US onshore oil growth slows, will improved drilling boost Gulf of Mexico offshore oil production?
Analysts and consultants predict that offshore investment will continue to grow as new technology and more friendly regulations encourage investment. In recent years, the offshore oil…
Shell begins production at Victory gas fields in the North Sea
Shell announced on Tuesday that it has begun production at its Victory field in the North Sea. At peak production, this gas can heat nearly 900,000 households per year. The gas field…
Oil companies ask Brazil's antitrust watchdog to interfere in Subsea7 and Saipem merger
Public documents obtained by show that Exxon Mobil and Brazilian state-run Petrobras, as well as oil services provider TechnipFMC, petitioned Cade, the country's antitrust regulatory body…
Indonesia sovereign wealth fund INA targets AI in healthcare and renewables, data centres and the Indonesian sovereign wealth fund INA
Chief Investment Officer of the Indonesia Investment Authority, Mr. Agung, said that the fund's priority areas are digital infrastructure, healthcare, and renewables, as it seeks to…
Inpex awards contracts for engineering design of Indonesian LNG Project
Inpex Corp, a Japanese oil and natural gas exploration company, announced on Monday that it had awarded several contracts for the early stages of design work in its $20 billion Abadi…
Fugro reduces its full-year core margin forecast as macroeconomic uncertainty persists
Fugro, a Dutch provider of geological data, reduced its margins for the full year before interest and tax (EBIT) from 11%-15% to 8%-11% on Friday due to macroeconomic uncertainty. The adjusted earnings before taxes…
Equinor and partners approve $1.3 Billion Johan Sverdrup Oilfield Expansion
Equinor, a Norwegian oil company, and its partners approved an investment of 13 billion Norwegian crowns ($1.29 billion), for the expansion at Johan Sverdrup. This is the largest oilfield in western Europe.
Britain Rejects Moroccan Subsea Power Project In Favor of Domestic Solutions
Britain has rejected a 25 billion pound ($34.39 billion) Moroccan renewable energy project that would have used solar and wind power from the Sahara to supply up to seven million UK homes.The British government, which is aimi
Africa Energy to produce first gas from South Africa's biggest gas field in 2033
Africa Energy Corp, a Canadian-listed company, aims to begin production of South Africa's biggest gas discovery by 2033. Its CEO made the announcement on Tuesday as it pushed ahead…
Singapore uses TotalEnergies and RGE JV to build a subsea connection for clean energy imports from Indonesia
A Singapore government appointed company will develop a submarine interconnector for the low-carbon electricity imported from Indonesia. Singa Renewables is a joint venture of Royal Golden Eagle (RGE)…