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Business Developments & Projects

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South Koreans make move to cut foreign dependence with domestic ROV capability
Business Developments & Projects

South Koreans make move to cut foreign dependence with domestic ROV capability

South Korea’s Taihan Cable & Solution and Panstar Robotics, established by the Korea Institute of Robotics & Technology Convergence (KIRO), have signed a memorandum of understanding (MoU) to jointly develop remotely operated vehicles (ROVs) that would be deployed domestically, in an effort to reduce

about 1 month ago
$1.1 billion in pre-investment contracts awarded for Mozambique’s LNG project
Business Developments & Projects
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$1.1 billion in pre-investment contracts awarded for Mozambique’s LNG project

ExxonMobil has, on behalf of its partners, awarded $1.1 billion in pre-investment contracts for the engineering, procurement and manufacturing of subsea production systems, large-bore production valves and offshore line pipe for a liquefied natural gas (LNG) development in Mozambique. ExxonMobil Moç

about 1 month ago
Aker BP
Business Developments & Projects

Aker BP bulks up North Sea and Norwegian Sea oil arsenal, targets tie-back growth with twin discovery deals

Norwegian oil and gas company Aker BP is set to expand its footprint in the North Sea and Norwegian Sea by obtaining stakes in two hydrocarbon discoveries, betting on tie-back potential around existing infrastructure on and near the Norwegian Continental Shelf (NCS).

about 1 month ago
FLNG Hilli Episeyo concludes its assignment offshore Cameroon; Source: CoreMarine
Business Developments & Projects

CoreMarine frees Argentina-bound FLNG for next job after eight-year Cameroon stint

Norwegian engineering company CoreMarine has wrapped up the disconnection of a floating liquefied natural gas (FLNG) unit offshore Cameroon, clearing the way for the vessel to leave Africa after eight years of service and begin its next chapter in the Americas, with redeployment planned in Argentina

about 1 month ago
LNG Bayelsa being converted to FSU LNG Cap Lopez; Source: Dixstone
Business Developments & Projects

Lloyd’s Register assists with LNG carrier-to-FSU conversion for African gas project

UK-based classification society Lloyd’s Register (LR) is supporting the life extension of a liquefied natural gas (LNG) carrier (LNGC) being repurposed into a floating storage unit (FSU), helping lay the groundwork for Gabon’s emerging floating gas infrastructure and a wider push to unlock Africa’s

about 1 month ago
‘World’s most powerful’ subsea trencher nears first testing
Business Developments & Projects

‘World’s most powerful’ subsea trencher nears first testing

NKT’s new subsea trencher, deemed the world’s most powerful, is approaching final assembly and entering the first round of testing, the Danish power cable manufacturer and installation firm reported. NKT announced the investment in the NKT T-3600 trencher in June 2025, as part of its ongoing investm

about 1 month ago
Illustration; Source: Arabian Drilling
Business Developments & Projects

All Arabian Drilling’s offshore rigs set to return to work by quarter-end

Arabian Drilling, said to be Saudi Arabia’s largest onshore and offshore drilling contractor by fleet size, has been cleared to bring its remaining suspended offshore rigs back into operation, putting its offshore fleet on track to reach 100% utilization by the end of the third quarter of 2026.

about 1 month ago
Map showing location of PEL 90 in Namibia's Orange Basin; Source: Equinor
Business Developments & Projects

Equinor makes Namibia debut with stake in Chevron-led drill-ready offshore prospect

Norway’s state-owned energy giant Equinor has bolstered its exploration portfolio by joining an exploration license in the Orange Basin offshore Namibia, operated by the U.S.-headquartered energy giant Chevron.

about 1 month ago
TGS hired for 110-day streamer acquisition job in Mediterranean
Business Developments & Projects

TGS hired for 110-day streamer acquisition job in Mediterranean

Norway’s energy data and intelligence company TGS has secured a streamer acquisition contract in the Mediterranean. A Ramform Titan-class vessel will mobilize for the project in the fourth quarter of 2026, with the survey expected to have a duration of approximately 110 days. “We are very pleased to

about 1 month ago
FPSO Atlanta; Source: Brava Energia
Business Developments & Projects

Ecopetrol takes Brava Energia under its wing in $1.2 billion Brazil expansion move

Ecopetrol Investimentos do Brasil, a wholly owned subsidiary of Colombia’s state-owned oil and gas company Ecopetrol, has broadened its presence in Brazil’s energy sector by acquiring a controlling stake in local oil and gas producer Brava Energia.

about 1 month ago
Illustration; Source: Kongsberg Maritime
Business Developments & Projects

Kongsberg Maritime to equip Asia’s new FPSO with high-capacity deck machinery package

Kongsberg Maritime, a Norway-headquartered marine technology company, has been selected to provide advanced deck machinery equipment for a new floating production, storage and offloading (FPSO) vessel destined for an undisclosed offshore development in Asian waters.

about 1 month ago
Illustration; Source: SLB
Business Developments & Projects

SLB lends Shell a hand to unlock oil & gas from shut-in wells

U.S.-headquartered technology player SLB has been tasked by Brunei Shell Petroleum (BSP), a joint venture company between the Brunei government and the UK-headquartered Shell, to support the resumption of oil and gas production across mature offshore fields in Brunei, Southeast Asia.

about 1 month ago
TGS and Chevron jointly pursuing next-gen seismic imaging technology
Business Developments & Projects

TGS and Chevron jointly pursuing next-gen seismic imaging technology

Norwegian energy data and intelligence company TGS and U.S.-headquartered energy firm Chevron have established a strategic collaboration to advance next-generation seismic imaging technology. The companies plan to jointly invest in research and development across key technical domains, including Ela

about 1 month ago
Stena IceMax drillship; Source: Stena Drilling
Business Developments & Projects

Stena Drilling’s 14-year-old drillship caps three-well campaign offshore Egypt ahead of plan

Scotland-headquartered offshore drilling contractor Stena Drilling has brought a multi-well campaign to a close off the coast of Egypt.

about 1 month ago