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CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has made a play for Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning services for onshore and offshore energy assets. This move is expected to enable the buyer to diversify and enlarge its footprint through integrated solutions, earnings growth, and geographic expansion. The post Wheels up for CB&I to bring Petrofac’s Asset Solutions business into its fold appeared first on Offshore Energy.

Norwegian Shearwater GeoServices is set to deploy its high-end vessel SW Duchess for a […] The post Shearwater GeoServices’ high-end vessel to welcome New Year in Nigeria appeared first on Offshore Energy.

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 Basin of the Mediterranean Sea. The post Gas field charting its development course as Aphrodite embarks on FEED journey appeared first on Offshore Energy.

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.

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.

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.

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 appeared first on Offshore Energy.

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, […] The post First steel cut for Yinson Production’s Asia-bound floating storage and offloading unit appeared first on Offshore Energy.

Japanese shipping major Mitsui O.S.K. Lines (MOL) has received approval in principle (AiP) from […] The post Japanese designs of cable jointing and burial vessels get green light appeared first on Offshore Energy.

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has unveiled a new oilfield find, which describes as a major discovery in central Bohai Sea off the coast of China. The post Another 100-million-ton oilfield discovery sees light of day in Asian waters appeared first on Offshore Energy.