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Business Developments & Projects

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Shell recently brought online its new FPSO Penguins; Source: Sevan
Business Developments & Projects

Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility?

Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene.

about 1 year ago
Audacia pipelay vessel; Source: Allseas
Business Developments & Projects

Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field

Switzerland-headquartered contractor Allseas has put the wheels into motion to get ready for its new assignment at Brazil’s second largest oil field.

about 1 year ago
MSC
Business Developments & Projects

MSC turns to China again, orders LNG dual-fuel containership fleet

Swiss container shipping giant MSC has ordered up to eight 22,000 TEU liquefied natural gas (LNG) dual-fuel containerships in China. On February 21, 2025, Zhoushan Changhong International Shipyard revealed it signed a contract for 4+2+2 eco-friendly units with MSC. “The 22,000 TEU LNG dual-fuel cont

about 1 year ago
Luda 5-2 North oilfield phase II development project; Source: CNOOC
Business Developments & Projects

Next chapter of Chinese giant’s offshore project boosts super heavy oil development

Chinese state-owned oil and gas giant CNOOC has kick-started production from the second phase of its oilfield development project in the Bohai Sea.

about 1 year ago
A helicopter mid-flight
Business Developments & Projects

Vår Energi selects compatriot player as its offshore flight operator

Norwegian oil & gas player Vår Energi has awarded compatriot company Lufttransport RW the contract for operating two new helicopters manufactured by Italy’s Leonardo.

about 1 year ago
Illustration; Courtesy of Knutsen
Business Developments & Projects

Enagás ready to provide bio-LNG to ships at Huelva and Barcelona terminals

Spanish energy company Enagás is all set to launch bio-LNG supply service at its regasification terminals in Barcelona and Huelva.

about 1 year ago
Two dozens of people standing in a single line on a stage
Business Developments & Projects

Malaysia stepping up hydrocarbon game with new bid round and deals with global majors

After concluding the Malaysia Bid Round 2024 (MBR 2024) by signing two offshore production sharing contracts (PSCs) with Japan’s Inpex Corporation through its subsidiary Malaysia Petroleum Management (MPM), Malaysia’s state-owned energy player Petronas has announced a new licensing round.

about 1 year ago
Ursa platform; Source: Shell
Business Developments & Projects

Shell forks out $735 million for ConocoPhillips’ stakes in its US deepwater oil assets

Shell has made a play for interests ConocoPhillips, a U.S. oil major, holds in its assets in the Gulf of America (GoA), formerly named Gulf of Mexico (GoM).

about 1 year ago
Greece’s Asso.subsea has launched a Marine Technology Business Unit, a division focused on advancing shipbuilding, innovation, and sustainability in offshore energy.
Business Developments & Projects

Asso.subsea launches marine technology unit to advance subsea ops

Greece’s Asso.subsea has launched a Marine Technology Business Unit, a division focused on advancing shipbuilding, innovation, and sustainability in offshore energy. According to Asso.subsea, the unit will drive the development of marine assets, reinforcing the company’s fleet expansion strategy an

about 1 year ago
Texas GulfLink deepwater crude oil export terminal; Source: Sentinel Texas GulfLink
Business Developments & Projects

‘Permitting milestone’ slides into place for US deepwater crude oil export terminal

Texas GulfLink has secured a stamp of approval from the U.S. Department of Transportation’s Maritime Administration for its deepwater port license application, bringing a multi-year environmental and technical review saga to an end.

about 1 year ago
Singapore-based Canopy Power has deployed renewable energy systems that include floating solar at Soneva’s luxury resorts in the Maldives,
Business Developments & Projects

Canopy Power to deliver ‘largest floating solar project in Maldives’ at luxury resort

Singapore-based company Canopy Power has deployed renewable energy systems that include floating solar, at Soneva’s luxury resorts in the Maldives, with a new project on the way, cutting diesel use and lowering carbon emissions. Canopy Power has completed the installation of renewable energy systems

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

Aker BP comes up empty-handed at another prospect as drilling ops wind down

Aker BP has found no hydrocarbons in the Norwegian Sea, following drilling activities conducted by one of Saipem’s semi-submersible rigs off the coast of Norway.

about 1 year ago
CPN concludes ‘largest’ B24 biofuel delivery in Hong Kong
Business Developments & Projects

CPN concludes ‘largest’ B24 biofuel delivery in Hong Kong

Bunker service provider Chimbusco Pan Nation CPN has conducted the largest single B24 biofuel delivery in Hong Kong.

about 1 year ago
LoqTech
Business Developments & Projects

LiqTech WTS solution approved for use in WinGD dual-fuel engines

The US-headquartered manufacturer of specialized marine filtration products and systems LiqTech International has clinched supplier approval for its water treatment system (WTS) for Swiss marine engine developer WinGD’s two-stroke dual-fuel engines. As disclosed, the WTS is set to be supplied to the

about 1 year ago
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