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Business Developments & Projects

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Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity
Business Developments & Projects

Allseas to install export pipeline that will ‘significantly enhance’ Gulf of America oil transport capacity

Allseas has secured a contract for the installation of a new deepwater export pipeline for Shell that is set to significantly enhance oil transport capacity, flexibility and efficiency in the central part of Gulf of America (the U.S. Gulf of Mexico). The contract was awarded by pipeline operator She

about 8 months ago
Illustration; Source: ADNOC Drilling
Business Developments & Projects

ADNOC Drilling expands its presence across Gulf Arab states with new acquisition

ADNOC Drilling has widened its footprint in the Arab states of the Persian Gulf, thanks to a deal to obtain a majority stake in MB Petroleum Services (MBPS), a drilling and oilfield services (OFS) provider with operations in Oman, Kuwait, Saudi Arabia, and Bahrain.

about 8 months ago
COSCO
Business Developments & Projects

COSCO Shipping commissions DSIC for six LNG/methanol-ready tankers

Chinese state-owned maritime transport giant COSCO Shipping has tapped compatriot vessel construction player Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), for a sextet of alternative fuel-ready tankers. According to Greek shipbroker Intermodal, COSCO Shipp

about 8 months ago
TGS and Chevron ink long-term deal for deepwater seismic services
Business Developments & Projects

TGS and Chevron ink long-term deal for deepwater seismic services

Norwegian energy data and intelligence company TGS and U.S.-headquartered energy giant Chevron have signed a three-year capacity agreement for marine streamer and ocean bottom node (OBN) acquisition services. The parties plan to collaborate on seismic acquisition projects using TGS streamer and OBN

about 8 months ago
FPSO Norne; Source: Equinor
Business Developments & Projects

DNO swaps non-core assets with Aker BP for bigger slice of Norwegian field nearing startup

Norwegian oil and gas operator DNO has signed a deal with compatriot Aker BP to swap multiple assets on the Norwegian Continental Shelf (NCS).

about 8 months ago
Stena Line takes over world’s northernmost shipping company
Business Developments & Projects

Stena Line takes over world’s northernmost shipping company

In a bid to strengthen its position in the Baltic Sea, Swedish ferry company Stena Line has acquired Wasaline.

about 8 months ago
Meridian purpose-built FPSO hull design; Courtesy of Yinson Production
Business Developments & Projects

Yinson Production’s CFO: Two new project bonds on the 2026 horizon to refinance FPSO duo

Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on t

about 9 months ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business Developments & Projects

Shell lines up 15-year offtake from ADNOC’s mega LNG project

Abu Dhabi National Oil Company (ADNOC) has struck a multi-year liquefied natural gas (LNG) offtake deal with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of the UK-based Shell, for its low-carbon LNG project, currently under development in the United Arab Emirates (

about 9 months ago
Aker BP gets the all-clear to use Maersk rig on North Sea field
Business Developments & Projects

Inpex adds three assets to Norwegian portfolio

Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex, has completed the acquisition of three assets in Norwegian waters from Norway’s oil and gas company Pandion Energy.

about 9 months ago
DeepOcean and Saudi partner to form joint venture for subsea work in Middle East
Business Developments & Projects

DeepOcean and Saudi partner to form joint venture for subsea work in Middle East

Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint ventur

about 9 months ago
Shah Deniz gas field offshore Azerbaijan; Source: Southern Gas Corridor (SGC)
Business Developments & Projects

UAE and Azerbaijan strengthen ties as ADNOC’s XRG expands Caspian Sea footprint

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has set the wheels in motion to join Southern Gas Corridor (SGC) CJSC, which delivers gas resources from the Azerbaijani sector of the Caspian S

about 9 months ago
AYK Energy
Business Developments & Projects

AYK Energy marks battery renewal project on Svitzer’s diesel-electric tug quartet as complete

Andorra’s marine battery manufacturer AYK Energy has wrapped up a battery renewal deal for a quartet of hybrid tugs owned by Denmark-based towage service provider Svitzer. The units in question are the 33-meter-long diesel-electric tugboats presently operating at Chevron Australia’s Gorgon LNG termi

about 9 months ago
IBIA and INTERCARGO bolster collaboration on marine fuels and decarbonization
Business Developments & Projects

IBIA and INTERCARGO bolster collaboration on marine fuels and decarbonization

IBIA and INTERCARGO have formed a partnership to reinforce collaboration on decarbonization, safety, and quality.

about 9 months ago
Everfuel inaugurates HySynergy, a 20 MW hydrogen production plant in Denmark
Business Developments & Projects

Everfuel inaugurates HySynergy, a 20 MW hydrogen production plant in Denmark

Danish green hydrogen company Everfuel has inaugurated HySynergy, its 20 MW green hydrogen production plant in Fredericia, Denmark, and sent its first supply to Germany.

about 9 months ago
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