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Valaris-Aramco JV racks up jackup quintet extensions

Saudi Arabia’s energy heavyweight Aramco has handed out a multi-year agreement extension for five offshore drilling jack-up rigs to ARO Drilling, its 50/50 joint venture with Valaris. The post Valaris-Aramco JV racks up jackup quintet extensions appeared first on Offshore Energy.

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion

Shell, BP, TotalEnergies, Equinor, Eni, ExxonMobil, Chevron, and ConocoPhillips have managed to come on top yet again, displaying the resilience of the energy sector with performance and quarterly results that show a combined profit of about $29 billion. The post Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion appeared first on Offshore Energy.

South Korea wants to build ‘world’s largest’ liquefied hydrogen carrier

South Korea’s government has revealed plans to build ‘the world’s largest’ liquefied hydrogen (LH2) carrier in an effort to develop a competitive advantage in this market segment and ensure the future of the Korean shipbuilding industry. The post South Korea wants to build ‘world’s largest’ liquefied hydrogen carrier appeared first on Offshore Energy.

SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape

TotalEnergies is making strides in the development of the first-ever offshore oil field in Suriname. Progress has also been achieved in the construction of a floating production, storage, and offloading (FPSO) vessel destined for this project. The post SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape appeared first on Offshore Energy.

CEVA launches new low-carbon ocean freight service

CEVA Logistics, a part of French shipping group CMA CGM, has started a new low-carbon ocean freight service between France and Ivory Coast, leveraging marine biofuel and anticipating an 84% reduction in CO2 emissions compared to conventional ocean freight. The post CEVA launches new low-carbon ocean freight service appeared first on Offshore Energy.

Jersey player in the running for acreage offshore Brunei

Jersey-based and London Stock Exchange-listed upstream oil and gas company Upland Resources is being considered for the award of acreage as part of the 2025 Brunei offshore licensing round organized by the Petroleum Authority of Brunei (PAB). The post Jersey player in the running for acreage offshore Brunei appeared first on Offshore Energy.

EPS names final 7,000 CEU dual-fuel car carrier in China

Singapore-based shipowner Eastern Pacific Shipping (EPS) has named its sixth 7,000 CEU dual-fuel pure car and truck carrier (PCTC) built by China Merchants Jinling Shipyard (Weihai). The post EPS names final 7,000 CEU dual-fuel car carrier in China appeared first on Offshore Energy.