Upstream

Offshore drilling firm Transocean, on behalf of its clients Wintershall Dea and OMV, has contracted InteliWell to equip and utilize its proprietary InteliWell software…

According to GlobalData’s Petrochemicals Database, there were a total of 117 active petrochemical complexes in Former Soviet Union with a further 94 announced and planned. The largest capacities of active complexes are located in Russia, Turkmenistan and Ukraine, the capacities of which together account for 81% of region’s petrochemical capacity. GlobalData uses proprietary data and

There are 73 active refineries in Middle East. From 10.62mmbd (million barrels per day) in 2023, CDU (crude distillation unit) capacity in Middle East is expected to grow by 10.7% to a potential 11.76mmbd in 2027. By country, Saudi Arabia is expected to have the highest CDU capacity at 3.12mmbd in 2027, with Iran and

SAAM, a company providing port, logistics and towage services in the Americas, concluded the […] The post SAAM closes deal to acquire 21 tugs from Starnav appeared first on Offshore Energy.

According to GlobalData’s LNG Liquefaction Database, 8 announced and planned liquefaction terminals are expected to commence operations during 2023-2030. Of these, 3 planned terminals with identified development plans are expected to add 39.4mtpa, while 5 early-stage announced terminals that are undergoing conceptual studies and are expected to get development approval will add 33.2mtpa of new

Noble has won new contracts and extensions for multiple rigs in Guyana, Colombia, the U.S. Gulf of Mexico, and offshore Sarawak, Malaysia. The post With $1.1 billion in the bag, Noble looks forward to reaping further benefits of tightening rig market appeared first on Offshore Energy.

US-based oil and natural gas company Callon Petroleum Company (Callon) has signed two deals to boost focus on the Permian by selling its Eagle Ford to support expansion in the Delaware basin. Callon has signed a definitive agreement to buy Permian basin-based Percussion Petroleum Operating II in a cash and stock deal valued at $475m. With the

French energy giant TotalEnergies and the government of Iraq hope to start the $27bn project in the next two weeks, reported Reuters, citing the country’s oil minister Abdel-Ghani. In the next two weeks, five side agreements related to the project are expected to be signed, enabling the implementation to begin, said Abdel-Ghani. The multibillion-dollar agreement was

Talks on a planned sale of Dutch state-owned electricity grid operator TenneT’s German unit to Berlin have hit a hitch over price, the company’s outstanding bonds…

Japanese shipowner Nissen Kaiun has placed a new order for eight tankers, each with […] The post Nissen Kaiun linked to order for 8 MR2 tankers at Hyundai Mipo appeared first on Offshore Energy.