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Business Developments & Projects

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Illustration; Source: ONGC
Business Developments & Projects

BP, ONGC, and Reliance sign on the dotted line for oil & gas search at India’s offshore block

Three oil and gas players – BP Exploration (Alpha), Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation (ONGC) – have joined forces to embark on hydrocarbon exploration activities at a block off the coast of India, which was acquired in the country’s ninth oil and gas bid round.

about 1 year ago
HD Hyundai
Business Developments & Projects

HD Hyundai, H-Line Shipping launch joint effort on AI-led autonomous vessel technologies

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South Korea’s heavyweight HD Hyundai Group has entered into an agreement with compatriot maritime transport company H-Line Shipping to jointly create AI-backed autonomous, environmentally friendly vessel technology. More specifically, as disclosed, the “Joint Development of AI-Based Autonomous and E

about 1 year ago
Source: Nauticus Robotics
Business Developments & Projects

Nauticus Robotics signs multi-year offshore robotics agreement

U.S.-based developer of subsea autonomous robotic systems and software, Nauticus Robotics, has signed a master services agreement (MSA) with Florida-based Advanced Ocean Systems (AOS) to support joint development of autonomous and remote offshore technologies. According to Nauticus Robotics, the mul

about 1 year ago
MOL names first LNG-powered VLCC for charter with Equinor
Business Developments & Projects

MOL names first LNG-powered VLCC for charter with Equinor

Japanese shipping company Mitsui O.S.K. Lines (MOL) has held a naming ceremony for its new LNG-fueled very large crude carrier (VLCC) to be chartered by Norway-based energy giant Equinor.

about 1 year ago
MOPU Tchatamba-A and FSO Madiela at the Tchatamba Marine-1 field approximately 100 miles southwest of Port Gentil in the Gulf of Guinea; Source: MODEC
Business Developments & Projects

End of era for Tullow as it exits Gabon after two decades

Tullow Oil, an independent energy company with operations in West Africa, has finalized the sale of its assets in Gabon to the Gabon Oil Company (GOC), the country’s national oil company.

about 1 year ago
Noble Sam Croft drillship; Source: Noble Corporation
Business Developments & Projects

Noble’s rigs and Kongsberg Maritime’s tech opening doors to drilling innovation

Noble Corporation, a U.S.-based offshore drilling giant, has joined forces with Kongsberg Maritime, a Norway-headquartered marine technology player, to drive the creation of advanced marine technologies for the offshore drilling realm.

about 1 year ago
Source: TGS
Business Developments & Projects

TGS completes ‘first multi-client seismic project in British Columbia since 2019’

Norwegian energy data and intelligence company TGS has completed the Dawson Phase III 3D seismic survey in the Western Canadian Sedimentary Basin, marking its first new multi-client seismic project in British Columbia since 2019. The survey is said to span 141 square kilometers and has been merged w

about 1 year ago
LNG carrier Mesaieed
Business Developments & Projects

Knutsen receives second LNG carrier for QatarEnergy charter, eight more to follow

Norwegian shipping company Knutsen has taken delivery of a liquefied natural gas (LNG) carrier that will be chartered to QatarEnergy.

about 1 year ago
AD-80 offshore drilling rig
Business Developments & Projects

Saudi Arabia’s drilling player nets first international contract

Saudi Arabia’s Arabian Drilling has signed a contract with an undisclosed company from the Gulf Cooperation Council (GCC).

about 1 year ago
Carbon Ridge installs industry’s first centrifugal onboard carbon capture system on Scorpio tanker
Business Developments & Projects

Carbon Ridge installs industry’s first centrifugal onboard carbon capture system on Scorpio tanker

U.S.-based developer of modular onboard carbon capture and storage solutions Carbon Ridge has deployed a centrifugal onboard carbon capture system (OCCS) on an LR2 product tanker ownedy by Scorpio Tankers.

about 1 year ago
Armada platform
Business Developments & Projects

UK operator gets $200K fine for vent breaches at North Sea gas hub

As Great Britain’s regulator, North Sea Transition Authority (NSTA), tightens the noose on excessive emissions of greenhouse gases by tackling flaring and venting activity, Chrysaor, which became part of Harbour Energy in 2021, has been fined £150,000 ($200,269.5) for vent breaches at its offshore p

about 1 year ago
SOHAR Port and HYNAT to develop natural hydrogen value chain in Oman
Business Developments & Projects

SOHAR Port and HYNAT to develop natural hydrogen value chain in Oman

SOHAR Port and Freezone has signed a memorandum of understanding (MoU) with Swiss company HYNAT to develop a natural hydrogen value chain in Oman.

about 1 year ago
Trion FPU concept image
Business Developments & Projects

Weatherford scores multi-well gig at Mexico’s first deepwater oil development

U.S. oilfield services company Weatherford International has won a contract to deliver drilling services for a project offshore Mexico operated by the Mexican subsidiary of Australia’s oil and gas giant Woodside Energy.

about 1 year ago
Allseas-Boskalis team wins €1.2B Taiwan offshore pipeline deal
Business Developments & Projects

Allseas-Boskalis team wins €1.2B Taiwan offshore pipeline deal

Allseas and Boskalis have secured a €1.2 billion contract through their 50:50 consortium with CPC Corporation Taiwan for the design and installation of a 36-inch offshore natural gas pipeline. According to Allseas, the new YT2 pipeline will span approximately 232 kilometers, running parallel to the

about 1 year ago