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SBM Offshore completes $1.5 billion financing of Jaguar FPSO

SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to […]

SBM Offshore completes $1.5 billion financing of Jaguar FPSO

SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to […]

Russia is preparing to lift gasoline exports ban, deputy PM says

*Gasoline laden vessel News wire — Russia is preparing to lift its gasoline exports ban and the necessary paperwork will be ready in near future, Deputy Prime Minister Alexander Novak told reporters on Friday without […]

BP and partners to invest $7 billion in carbon capture project in Indonesia’s Papua

The British oil and gas producer announced the investment on Thursday in a meeting with President Prabowo Subianto who is visiting London. Production at Ubadari field is scheduled to start in 2028 and gas from […]

Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry

In a corporate report released in February called ‘Bettering Human Lives,’ Chris Wright said that the energy transition has not begun and that climate change, while a challenge, is not the greatest threat to humans. […]

Forum of oil and gas operators reports early success in tackling subsea challenges

An influential forum of oil and gas operators with a vested interest in subsea operations is tackling the challenges of ageing offshore infrastructure through cross-industry collaboration. Early reports, since the forum was established […]

J.P. Morgan sees Brent oil price averaging $73 a barrel in 2025

“Our view on 2025 has remained largely unchanged over the past year: we look for a large 1.3 mbd (million barrels per day)surplus and an average Brent of $73,” the note said. The bank sees […]

Russia’s Novak says oil market balanced thanks to OPEC+

OPEC+ countries, which are pumping around half the world’s oil, are taking all necessary decisions to maintain market stability, Novak also said after meeting OPEC Secretary General Haitham Al Ghais in Moscow. “Today, while discussing […]

DeepOcean wins landmark 8-year Equinor contract for subsea IMR work

Ocean services provider DeepOcean has been awarded its largest contract on record, a long-term subsea inspection, maintenance and repair (IMR) contract by Equinor. The eight-year contract will set a new benchmark for digitalized and environmentally […]

Saudi Aramco to take on more debt, focus on dividend growth, Bloomberg News reports

“You’ll see us do a couple of things. One is, just take on more debt compared to use of equity. It’s nothing to do with the dividend, it is optimising our capital structure so that […]