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Business Developments & Projects

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Ringvei Vest concept combines several discoveries in one project; Source: Equinor
Business Developments & Projects

Several North Sea oil & gas discoveries fusing into large subsea tie-back project

Norway’s state-owned energy giant Equinor has unveiled a development concept for a project that aims to combine several discoveries in the North Sea into a single project, with estimated gross resources of approximately 240 million barrels of oil equivalent, making it one of the largest early-phase

about 1 month ago
FPSO Jotun; Source: Vår Energi
Business Developments & Projects

FPSO tie-back project unlocking seven more wells to enrich North Sea oil arsenal in 2027

Norwegian oil and gas player Vår Energi and its partner, Kistos Energy, have rubberstamped a final investment decision (FID) to develop another multi-well addition to an oil project in the North Sea next year, augmenting oil output off the coast of Norway.

about 1 month ago
USV Elite; Source: OMS Group
Business Developments & Projects

Uncrewed surface vessel’s mobilization set for Q4 as sea trials continue off France

Singapore-based OMS Group, a neutral and integrated digital infrastructure service provider, has provided insight into the ongoing sea acceptance tests (SAT) for its long-range uncrewed surface vessel (USV), currently being conducted off the South of France. Upon mobilization, the unit will support

about 1 month ago
Ramform Tethys vessel; Source: TGS
Business Developments & Projects

Brazil’s frontier basin lit up as TGS, SLB drive 3D seismic push

A multi-client 3D seismic survey is on the agenda at one of the frontier regions in Brazilian waters, with Norway’s energy data and intelligence company TGS and its joint venture (JV) partner, U.S.-headquartered SLB, at the helm of the campaign that will help boost the exploration momentum in the So

about 1 month ago
Edda Freya vessel (for illustration purposes); Source: DeepOcean
Business Developments & Projects

BP entrusts subsea decom and recycling job at UK field to DeepOcean

Norwegian ocean services provider DeepOcean has been hired by the UK-headquartered energy giant BP to lend a hand in the decommissioning and recycling of subsea equipment from a site where a floating production, storage, and offloading (FPSO) worked at the operator’s field located West of Shetland,

about 1 month ago
From Left to Right: Michail Cheliotis, Marine Surveyor at Lloyd’s Register; Peter Van de Graaf, Strategic Key Account Business Partner at Lloyd’s Register; Tim Berckmoes, CEO at Anglo Belgian Corporat
Business Developments & Projects

Hydrogen-fuelled shipping takes step forward as BeHydro’s engine gets go-ahead

UK-based classification society Lloyd’s Register (LR) has given its stamp of approval for a 100% hydrogen-fuelled, spark-ignited marine engine developed by BeHydro, a joint venture between CMB.TECH and Anglo Belgian Corporation (ABC) Engines, focusing on hydrogen-powered internal combustion engines.

about 1 month ago
Plaquemines LNG; Courtesy of Venture Global LNG
Business Developments & Projects

Germany clinches more US LNG as Venture Global and EnBW pen multi-year deal

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed on the dotted line with EnBW Energie Baden-Württemberg (EnBW), a German energy player, to send additional long-term U.S. LNG supply to Germany, aside from the volumes included in the du

about 1 month ago
Gjøa; Source: Vår Energi
Business Developments & Projects

Vår Energi on portfolio reshaping spree: $460M acquisitions, swaps and divestments

Norwegian oil and gas player Vår Energi has embarked on a mission to high-grade its portfolio on the Norwegian Continental Shelf (NCS) to strengthen long-term value creation through deals that encompass the acquisition of Pandion Energy’s portfolio, a swap agreement with DNO Norge, a subsidiary of D

about 1 month ago
Illustration; Courtesy of Zululand Energy Terminal (ZET), a joint venture between Vopak and Transnet
Business Developments & Projects

ExxonMobil joins Vopak–Transnet JV to progress South Africa’s LNG import terminal

ExxonMobil South Africa LNG, an affiliate of U.S.-headquartered energy heavyweight ExxonMobil, has penned a heads of agreement (HoA) with a strategic partnership between Vopak Terminal Durban and Transnet Pipelines to advance the development of a liquefied natural gas (LNG) import terminal at the Po

about 1 month ago
Philippe Levy, President of Hanwha Ocean's Energy Plant Unit, and Robert F. Delamar, Chief Executive Officer of Kanata Clean Power & Climate Technologies Corp. sign a memorandum of understanding; Sour
Business Developments & Projects

$15.7 billion floating LNG project on Canada’s horizon as Kanata partners with Hanwha Ocean

South Korea’s Hanwha Ocean has signed a non-binding memorandum of understanding (MOU) with Kanata Clean Power & Climate Technologies Corp. to explore potential cooperation on a proposed development of a floating liquefied natural gas (FLNG) export project planned for Prince Rupert, British Columbia,

about 1 month ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business Developments & Projects

Chevron joins Helleniq in Eastern Mediterranean offshore block

U.S.-headquartered energy giant Chevron has signed on the dotted line to acquire a majority stake and operatorship in a block off the coast of Greece, currently solely owned by Helleniq Energy, a Greek integrated energy player.

about 1 month ago
Shell
Business Developments & Projects

US Gulf oil production flow another well richer with more to come before year-end

Beacon Offshore Energy, a Texas-based exploration and production company, has advanced two projects by bringing online a second well at a field in the Gulf of America (the U.S. Gulf of Mexico) and drilling another at a different development, which is anticipated to achieve first oil by the end of 20

about 1 month ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business Developments & Projects

Oil gushes out of fourth well at subsea tie-back in Brazilian waters

Brazilian oil and gas company PRIO, formerly known as PetroRio, has brought online another well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 1 month ago
Kosmos Energy completes sale of production assets in Equatorial Guinea to Panoro; Source: Kosmos Energy via LinkedIn
Business Developments & Projects

Kosmos Energy trims oil & gas portfolio with sale of assets off Equatorial Guinea

U.S.-headquartered oil and gas exploration and production company Kosmos Energy has wrapped up the divestment of its non-operating working interest in production assets off the coast of Equatorial Guinea to the UK-headquartered independent E&P company Panoro Energy.

about 1 month ago
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