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Business Developments & Projects

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Saipem preparing for SURF campaign offshore Suriname
Business Developments & Projects

Saipem preparing for SURF campaign offshore Suriname

Saipem has started operations for Suriname’s first large-scale offshore oil development, operated by TotalEnergies, as part of its subsea umbilicals, risers and flowlines (SURF) contract awarded in 2024. Saipem is in charge of the engineering, procurement, supply, construction, installation, pre-com

about 3 months ago
Illustration; Courtesy of AES Panama
Business Developments & Projects

Arbitration tribunal set up in dispute over revoked gas-to-power and LNG terminal permits

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Sinolam International, a Singapore-based investment company focused on oil, gas, and power investments in emerging markets in Asia and Latin America, has confirmed the formation of an independent tribunal in an arbitration case related to the cancelation of permits for a gas-to-power development in

about 3 months ago
Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector
Business Developments & Projects

Public feedback to help minimize impacts of new 2 GW Scotland-Wales interconnector

The UK National Grid has launched a public consultation in North Wales for Western Link 2, a new subsea electricity connection that will link Scotland and Wales. The project, jointly developed by National Grid and Scottish Power Energy Networks (SPEN), will be approximately 340 kilometers long and w

about 3 months ago
Prysmian lands €910 million job for Greek island grid interconnections
Business Developments & Projects

Prysmian lands €910 million job for Greek island grid interconnections

Italy’s Prysmian has secured a framework agreement with Greek electricity grid operator Independent Power Transmission Operator (IPTO) valued at around €910 million for the development of electrical interconnections for the Dodecanese and North Aegean islands in Greece. Prysmian will design, manufac

about 3 months ago
An offshore rig
Business Developments & Projects

Murphy Oil makes oil discovery offshore Côte d’Ivoire

Houston-headquartered oil & gas company Murphy Oil has made an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometers offshore Côte d’Ivoire. The Bubale-1X well was drilled to a total depth of 6,263 meters in 2,376 meters of water and encountered 30 mete

about 3 months ago
Petrobras orders four new tankers for $427 million
Business Developments & Projects

Petrobras orders four new tankers for $427 million

Brazil’s state-controlled oil company Petrobras has placed a $427 million order with the Estaleiro Rio Grande shipyard for the construction of four medium-range oil tankers that will transport oil and petroleum products along the Brazilian coast. The contract was signed through Petrobras Transporte

about 3 months ago
CLV Monna Lisa; Source: Prysmian
Business Developments & Projects

Green light for Prysmian to construct first interconnector between Europe and Africa

Italian cabling giant Prysmian has received the notice to proceed for the construction of the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna electrical substation in Sic

about 3 months ago
Illustration; Source: Saipem
Business Developments & Projects

Saipem wins $1 billion contract for Eni and BP’s recently sanctioned project

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded Saipem and TechnipFMC with contracts for an ultra-deepwater development in Angola, following the announcement of the final investment decision (FID). Eni reported on June 22 that the FID had been reached for the Greater P

about 3 months ago
Another local company comes onboard Indonesian natural gas project
Business Developments & Projects

Another local company comes onboard Indonesian natural gas project

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas firm Conrad Asia Energy, has awarded PT PAL Indonesia with an engineering, procurement, construction and transport contract for the conductor support frame (CSF) for its natural gas field in th

about 3 months ago
Methanol-ready subsea vessel traveling from Vietnam to Norway for completion
Business Developments & Projects

Methanol-ready subsea vessel traveling from Vietnam to Norway for completion

Rem Offshore’s second energy subsea construction vessel (ESCV) is currently on its way from Vietnam to Norway, where it will undergo outfitting and final completion. The Norwegian shipping company reported that REM Ocean was delivered from the hull yard in Song Cam, Vietnam, on June 15. The tow star

about 3 months ago
Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels
Business Developments & Projects

Fortescue, CMB.TECH in zero-emissions shipping deal for 12 ammonia-capable vessels

Australian green technology, energy, and metals company Fortescue is set to charter a fleet of 12 ammonia-capable vessels from Bocimar, CMB.TECH’s dry bulk shipping operator, under a newly signed agreement. Fortescue will charter 12 Newcastlemax dry bulk vessels (210,000 dwt), with up to three to be

about 3 months ago
Wellesley Petroleum and partners confirm gas discovery in North Sea
Business Developments & Projects

Wellesley Petroleum and partners confirm gas discovery in North Sea

An appraisal well drilled by Norway’s oil & gas player Wellesley Petroleum and its partners offshore Norway has confirmed gas/condensate discovery in the North Sea. The well 35/10 16 S is the third well drilled in production license 1148, which is valid from March 11, 2022, up to the same date in 20

about 3 months ago
OEG clearing seabed at East Anglia Two OWF site
Business Developments & Projects

OEG clearing seabed at East Anglia Two OWF site

OEG has returned to the East Anglia Two site for seabed clearance before construction work starts on the UK’s new offshore wind farm. According to a recently issued Notice to Mariners, the company will be carrying out the disposal of unexploded ordnance (UXO), boulder clearance, and the removal of o

about 3 months ago
Shearwater Geoservices to start 2025 in Ghana
Business Developments & Projects

Shell-Equinor joint venture hires Shearwater for more work

Adura Operations, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has awarded Norwegian Shearwater GeoServices with more work. Shearwater has been selected to carry out a 4D towed streamer seismic acquisition project for the Mariner field in the UK North Sea using it

about 3 months ago