Velesto Malaysian Ventures, a wholly-owned subsidiary of Malaysia’s Velesto Energy, owner of six premium jack-up rigs and two hydraulic work-over units, has taken steps to offload its stake in Velesto Workover Sdn Bhd (VWSB). The post Velesto disposes of its workover business to Enviros appeared first on Offshore Energy.

Abu Dhabi-headquartered Ocean Oilfield Integrated Solutions has confirmed the arrival of a jack-up rig owned by Arabian Drilling, said to be the largest onshore and offshore drilling company in Saudi Arabia by fleet size, to its Hamriyah Shipyard in Sharjah, United Arab Emirates (UAE). The post Jack-up rig comes to Ocean Oilfield’s shipyard appeared first on Offshore Energy.

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has kicked off drilling activities at another well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling player. The post Transocean rig encounters gas as it spuds next well in drilling campaign offshore Australia appeared first on Offshore Energy.

Italy’s engineering, drilling, and construction services giant Saipem has prolonged the stay of a chartered seventh-generation drillship in its rig fleet. The post Saipem keeping seventh-gen drillship longer in its rig fleet appeared first on Offshore Energy.

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 trillion (nearly $16.43 billion) for 2024. The post $11 billion investment agenda on Gazprom’s 2026 horizon appeared first on Offshore Energy.

The Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S., has produced its […] The post Texan facility produces its first ammonia appeared first on Offshore Energy.

As the dash for gas off the coast of Egypt continues to run unabated, the country’s Minister of Petroleum and Mineral Resources has visited the drilling site of the first well in the drilling program, Italy’s energy giant Eni is currently undertaking in the Gulf of Suez with a rig owned by Shelf Drilling, now part of ADES. The post Eni going full steam ahead with drilling campaign in Gulf of Suez appeared first on Offshore Energy.

A multibillion-dollar agreement for the export of natural gas from Israel to Egypt is locked and loaded, following the green light from the Israeli government. The post $35 billion gas export deal good to roll appeared first on Offshore Energy.

Petronas Suriname, a subsidiary of Malaysia’s state-owned oil and gas company Petronas, has crossed the finish line for the first in a multi-well drilling campaign off the coast of Suriname. The post First of four wells in drilling campaign offshore Suriname checked off the list appeared first on Offshore Energy.

MaresConnect, a 750 MW electricity interconnector that will link Ireland and Wales, has been […] The post Ireland-Wales interconnector officially marked as priority energy infrastructure project appeared first on Offshore Energy.