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Business Developments & Projects

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Authorities & GovernmentBusiness & FinanceEnvironmentExploration & ProductionRegulation & PolicyVesselsInterconnectorsSubseaRules & RegulationFossil EnergyOil & GasProject & TendersRigsEquipmentTechnologyVessels & Vehicles
Pilot field development plan; Source: Orcadian Energy
Business Developments & Projects

North Sea license extension enables more time to revamp field development plan

Ping Petroleum, an independent upstream oil and gas company incorporated in Bermuda, has secured a multi-year license extension for a giant undeveloped North Sea field on the UK Continental Shelf (UKCS).

about 10 months ago
HD Hyundai
Business Developments & Projects

HD Hyundai and HMM shake hands on $1.46B LNG dual-fuel containership deal

South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company for HD Hyundai’s shipbuilding business, has inked a ‘major’ contract with compatriot maritime transport company HMM for eight 13,400 TEU dual-fuel boxships. As disclosed, the order for the ultra-la

about 10 months ago
Map showing EGL5; Source: National Grid
Business Developments & Projects

Community input seen as ‘vital’ piece of UK’s next subsea electricity transmission puzzle

Scottish transmission system operator (TSO) SSEN Transmission has sent out an invitation to residents to attend events designed to provide more insight into the plans for the development of the UK’s fifth subsea electricity superhighway project, envisioned to link Scotland and England.

about 10 months ago
Illustration; Source: BOEM
Business Developments & Projects

Big Oil vs climate advocates on US offshore leasing plan: Key to energy security and jobs or coastal economy threat

The Trump administration’s draft five-year offshore leasing plan continues to run the gauntlet of commentators’ reactions, sparking both applause and outrage. While some are calling it vital for national security, energy independence, and job creation, others see it as a major risk that could jeopar

about 10 months ago
Illustration; Source: Saudi Aramco
Business Developments & Projects

Aramco splashes $30 billion on 17 more deals with US players

Aramco, Saudi Arabia’s energy heavyweight, has revealed a new batch of multibillion-dollar memoranda of understanding (MoUs) and agreements, encompassing liquefied natural gas (LNG), financial services, advanced materials manufacturing, and procurement of materials and services with U.S. companies s

about 10 months ago
COSL Prospector rig; Source: Canarship
Business Developments & Projects

All systems go for Barents Sea exploration ops with COSL rig

Equinor has obtained the Norwegian authorities’ blessing for drilling activities in the Barents Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 10 months ago
Island Constructor vessel; Source: Island Offshore
Business Developments & Projects

Well intervention vessel duo gets go-ahead for ops across Aker BP’s oil & gas assets

Aker BP has received consent from the country’s offshore safety regulator to use two of Island Offshore’s mobile offshore units (MOU) for work on its operated portfolio in Norway.

about 10 months ago
BRANDED CONTENT
Rock solid challenges: How jack-ups are adapting to tougher seabeds
Business Developments & Projects

Rock solid challenges: How jack-ups are adapting to tougher seabeds

As offshore wind expands into new frontiers, jack-up vessels face increasingly difficult working environments. Beyond the sandy soils of the North Sea, projects are now being built on dense tills, coral limestone, and even exposed bedrock. These hard seabeds are testing the limits of conventional ja

about 10 months ago
Floatel Endurance; Source: Aker BP
Business Developments & Projects

More work for Floatel’s 2015-built vessel with Norwegian oil & gas player

Floatel International, an offshore accommodation provider, has won a new assignment for a ten-year-old semi-submersible accommodation vessel off the coast of Norway.

about 10 months ago
Oseberg field centre in the Norwegian North Sea; Credit: Trond Glaser/Equinor
Business Developments & Projects

Decade-long gas deal in Europe lands on Equinor’s energy supply list

Norwegian state-owned energy giant Equinor has struck a new multi-year agreement with the Capital City of Prague’s gas and electricity company, Pražská plynárenská, to supply gas to the Czech Republic. The ten-year deal, which has enabled gas supplies to the Czech Republic, will last until October 1

about 10 months ago
Wärtsilä
Business Developments & Projects

New Aasen Shipping bulker to feature Wärtsilä’s propulsion system

Finland-based technology group Wärtsilä has been selected to provide an integrated hybrid propulsion system for a bulk carrier currently under construction at the Dutch Royal Bodewes shipyard for Norwegian maritime transport company Aasen Shipping. According to officials from Wärtsilä, the 9,500 dwt

about 10 months ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business Developments & Projects

More action time for Dolphin Drilling’s 1974-built rig offshore India

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has secured a contract extension for one of its units with Oil India Limited, an exploration and production company, for operations off

about 10 months ago
Subsea rock installation vessel; Credit: Jan De Nul
Business Developments & Projects

Finnish firm to arm Jan De Nul’s subsea rock installation vessel with propulsion package

Finland-headquartered propulsion specialist Steerprop has been entrusted with equipping a new subsea rock installation vessel with a complete propulsion package. Once constructed, this ship is destined to join the fleet of Jan De Nul, a dredging and offshore contractor.

about 10 months ago
FPSO Egina; Source: TotalEnergies
Business Developments & Projects

TotalEnergies and Conoil swap oil & gas assets offshore Nigeria

France’s energy giant TotalEnergies has bolstered its oil and gas portfolio in African waters by striking an asset exchange deal with Conoil, which enables it to up its stake in an offshore license in Nigerian waters.

about 10 months ago
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