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Business Developments & Projects

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Verlume Halo Subsea Battery Technology; Courtesy of Verlume
Business Developments & Projects

Verlume and SubCtech join forces to power up integrated subsea ops

UK-headquartered subsea power specialist Verlume and German marine technology company SubCtech are pooling resources to develop and deliver integrated subsea power solutions for offshore energy and defense applications.

6 days ago
Scarabeo 8; Source: Saipem
Business Developments & Projects

Fresh gas discovery augments Aker BP’s North Sea arsenal

Norwegian oil and gas company Aker BP has struck gas in the North Sea, opening up a new opportunity 25 kilometers north of the Duva field. The operator and its partners will now assess whether the discovery could be commercially viable.

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6 days ago
Alpin Weld – when offshore work goes beyond welding
Business Developments & Projects

Alpin Weld – when offshore work goes beyond welding

Written by Agata Maderska, azul.marketing studio for Alpin Weld Offshore maintenance and repair rarely involve straightforward conditions. Structural defects may occur in areas with restricted access, while components requiring inspection, repair or replacement are often located in challenging envir

6 days ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business Developments & Projects

Saipem hands Saudi jack-up fleet to ADES in strategic shallow-water exit

Italy’s engineering, drilling, and construction services company Saipem has divested its shallow-water drilling business in Saudi Arabia to ADES Saudi Limited Company, an indirect subsidiary of Saudi Arabia-headquartered ADES Holding Company, which has now added about SAR 3.7 billion ($987 million)

7 days ago
Offshore platforms
Business Developments & Projects

Valeura advances Gulf of Thailand expansion with PTTEP farm-in approval

Canadian oil and gas company Valeura Energy has received the go-ahead for its acquisition of partial stakes in two offshore blocks in the Gulf of Thailand from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP).

7 days ago
A digital rendering of an LNG plant by the coast
Business Developments & Projects

Santos broadens Asia-Pacific LNG portfolio with Canadian supply and 10-year POSCO deal

Australia’s energy player Santos is stepping up its liquefied natural gas (LNG) push in Asia through a long-term supply deal with South Korea’s POSCO and a proposed agreement to buy 1 million tonnes per year (mtpa) from an LNG project being developed on Canada’s northwest coast to export lower-carbo

7 days ago
Borr Galar and Borr Njord; Photo credit: GPO Heavylift
Business Developments & Projects

Borr Drilling keeps three jack-up rigs as it reorganizes Mexico ops with stake sale

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has taken steps to streamline its operations in Mexico through a sale of its interests in joint ventures Perforaciones Estratégicas e Integrales Mexicana and Perforaciones Estratégicas e Integrales Mexicana II, known toge

7 days ago
Strohm's manufacturing base in the Netherlands; Source: Strohm
Business Developments & Projects

Petrobras taps Strohm for up to 1,500-meter deepwater TCP trial offshore Brazil

Dutch thermoplastic composite pipe (TCP) manufacturer Strohm has been hired on an assignment, covering the supply, qualification and offshore trial of thermoplastic composite pipe (TCP) for water injection and gas lift applications in Brazil’s deepwater post-salt province, in a project that will tes

7 days ago
Illustration of FPSO with full scale (100 MW) SOFC installation with integrated carbon capture; Source: MODEC
Business Developments & Projects

MODEC, Eld Energy chart path to low-carbon FPSO power with ABS milestone

Japan’s MODEC and Eld Energy, a Norwegian fuel cell system company, have cleared a key milestone in the new technology qualification (NTQ) process from the American Bureau of Shipping (ABS), advancing their solid oxide fuel cell (SOFC) power system toward deployment on operating floating production,

7 days ago
COSL Innovator rig; Source: COSL Drilling Europe
Business Developments & Projects

Thumbs-up for Equinor’s North Sea drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

7 days ago
Left to right: Kwang-Pil Chang, Senior Executive Vice President - Advanced Research Center, HD KSOE; Andy McKeran, Chief Growth Officer, Lloyd’s Register; and Hongryeul Ryu, Executive Vice President &
Business Developments & Projects

Hybrid electric propulsion at the heart of next-gen LNG carrier design

London-headquartered Lloyd’s Register (LR), a maritime classification and technical services provider, is teaming up with South Korea’s HD Hyundai Heavy Industries (HHI), headquartered in Ulsan, and HD Korea Shipbuilding & Offshore Engineering (KSOE), based in Seongnam, to push hybrid-electric propu

8 days ago
Illustration; Source: Shell
Business Developments & Projects

Shell and MET Group pen new multi-year US LNG supply deal

MET International, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and UK-headquartered energy giant Shell have struck a long-term liquefied natural gas (LNG) agreement to strengthen Europe’s energy security with LNG sourced from the United States (U.S.).

8 days ago
CETO technology
Business Developments & Projects

New US wave power test facility on Carnegie Clean Energy contender list for potential CETO demo

Australian ocean energy developer Carnegie Clean Energy has put a newly opened U.S. wave energy test facility on its list of potential sites for a future demonstration of its wave energy converter technology designed to convert energy from ocean waves into electricity, as the company progresses its

8 days ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business Developments & Projects

Germany-UAE energy ties deepen as RWE, Masdar and ADNOC eye LNG supply and €3B offshore wind investment

Germany and the United Arab Emirates are stepping up energy cooperation, with German power producer RWE joining Abu Dhabi clean-energy firm Masdar and oil and gas giant ADNOC to pursue plans spanning more than €3 billion in potential offshore wind investment and advancing talks on long-term liquefie

8 days ago