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Business Developments & Projects

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Saipem collects $900 million in new contracts
Business Developments & Projects

Saipem wraps up pipeline installation for Equinor’s Irpa field (Video)

The pipelaying vessel Castorone, operated by Italian oilfield services provider Saipem, has completed the installation of an approximately 80-kilometer pipeline linking the Aasta Hansteen platform to Equinor’s new subsea tieback field, Irpa, formerly known as Asterix. The Irpa field, located at a de

about 1 year ago
An offshore drilling rig
Business Developments & Projects

BW handpicks 6th-gen rig for Orange Basin drilling assignment

Oslo-listed oil and gas E&P player BW Energy has picked a semi-submersible rig owned by Northern Ocean (NOL) and managed by Odfjell Drilling for a drilling assignment in Namibia’s Orange Basin.

about 1 year ago
Envison Energy supplies green ammonia for ‘pioneering’ bunkering operation
Business Developments & Projects

Envison Energy supplies green ammonia for ‘pioneering’ bunkering operation

China-based green technology company Envision Energy has supplied green ammonia for the ‘pioneering’ bunkering of an ammonia-fueled tugboat at Dalian Port.

about 1 year ago
Carnegie CEO Jonathan Fiévez pictured with BiMEP Technical Director Yago Torre-Enciso
Business Developments & Projects

MoU signed for 6 MW wave energy array in Spain

Australian wave energy developer Carnegie Clean Energy has signed a memorandum of understanding (MOU) with the Biscay Marine Energy Platform (BiMEP) and commenced the development of a 6 MW wave energy array in Spain’s Basque Country. The proposed project would consist of six 1 MW commercial-scale CE

about 1 year ago
Shelf Drilling Fortress jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Shelf Drilling fleet staying busy with new UK contract and Egypt extension

UAE-headquartered offshore drilling contractor Shelf Drilling has secured one new contract and one extension for two vessels from its fleet.

about 1 year ago
Valaris DS-15 drillship; Source: Valaris
Business Developments & Projects

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

about 1 year ago
UK
Business Developments & Projects

UK chooses winners of Clean Maritime Demonstration Competition 6

The UK government has allocated a £30 million (about €34.4 million) funding to decarbonize shipping and power up local economies.

about 1 year ago
Production capacity of 1.3 million barrels of oil per day expected by the end of 2027 offshore Guyana; Source: ExxonMobil
Business Developments & Projects

As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next

Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron to expand its oil and gas arsenal, with four regions pinpointed as the ones where this merger

about 1 year ago
Malaysia's Sapura Energy nets $118M in contracts with long-term Thai clients
Business Developments & Projects

Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients

Malaysian oil & gas services provider Sapura Energy has secured new contracts with Chevron’s Thailand subsidiaries, as well as with Thai national oil & gas company PTT Exploration and Production (PTTEP), that together have a value of over RM 500 million (roughly $118 million). The contracts with the

about 1 year ago
floating solar plant. Source: Mowi
Business Developments & Projects

Floating solar-powered system replaces diesel at salmon pen in Chile

Mowi Chile has rolled out its first low-emission salmon farming installation at the Huar Norte site, integrating a floating solar-powered pen system developed in collaboration with AKVA group. The hybrid system replaces part of the site’s diesel usage with solar energy, targeting a reduction of appr

about 1 year ago
Offshore platforms
Business Developments & Projects

Valeura Energy strikes a deal with PTTEP to expand its Thai oil & gas footprint

Canada-based Valeura Energy, an oil and gas company, has made a move to acquire partial stakes from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP), in two offshore blocks off the coast of Thailand.

about 1 year ago
MSC
Business Developments & Projects

MSC orders another batch of LNG-fueled boxships in China

Switzerland-based container shipping and logistics giant MSC Mediterranean Shipping Company has signed contracts for the construction of up to twelve liquefied natural gas (LNG) dual-fuel and LNG-capable containerships.

about 1 year ago
Robert Allan to design electric tug for China’s Tianjin Port
Business Developments & Projects

Robert Allan to design electric tug for China’s Tianjin Port

Canadian naval architecture company Robert Allan has been commissioned to design a battery-electric tug for Tianjin Port in Northern China.

about 1 year ago
llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)
Business Developments & Projects

‘Double-edged sword for marine energy sector’: UK releases Allocation Round 7 notices

The UK’s Department for Energy Security and Net Zero has issued the statutory notices for Allocation Round 7 (AR7) and Allocation Round 7a (AR7a) on July 23, 2025, confirming changes to pricing and contract structure under the Contracts for Difference (CfD) scheme. For the first time, separate indic

about 1 year ago
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