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Business Developments & Projects

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A jack-up rig
Business Developments & Projects

Hibiscus taps Tanjung for work on Vietnam-Malaysia shared block

Tanjung Offshore Services, a subsidiary of Malaysia’s T7 Global, has won a contract with Hibiscus Oil & Gas Malaysia, an affiliate of Malaysia’s Hibiscus Petroleum, for the provision of maintenance, construction, and modification (MCM) services at a block within the overlapping territorial waters be

about 1 year ago
Illustration; Source: ADNOC Logistics and Services
Business Developments & Projects

ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion

In a deal worth $1.04 billion (AED 3.8 billion), ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired an 80% stake in Navig8 TopCo Holdings, a provider of shipping management services.

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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

ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025

With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana.

about 1 year ago
With first bunkering operation under the belt, Monjasa pioneers LNG as marine fuel in UAE
Business Developments & Projects

With first bunkering operation under the belt, Monjasa pioneers LNG as marine fuel in UAE

Marine fuels supplier Monjasa has completed the UAE’s first LNG bunkering operation.

about 1 year ago
KCA Deutag
Business Developments & Projects

Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag

KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK.

about 1 year ago
NuProShip
Business Developments & Projects

NuProShip project aims to enliven nuclear propulsion in deep sea shipping

Three different nuclear reactor concepts within the Generation IV domain are being studied as part of the Norwegian Nuclear Propulsion in Shipping (NuProShip) project which explores nuclear propulsion for the maritime sector.

about 1 year ago
Offshore platform
Business Developments & Projects

Galp looking for new leader as CEO steps down ‘for family reasons’

Chief Executive Officer (CEO) and Vice-president of the board of directors of Portugal’s oil and gas company Galp has tendered his resignation from both positions.

about 1 year ago
Rovuma LNG project concept in Mozambique; Source: Eni
Business Developments & Projects

ExxonMobil hires US firm to work on its global LNG portfolio

Chart Industries has expanded its relationship with ExxonMobil with a new deal that puts assignments for certain parts and aspects of the oil major’s entire LNG portfolio on its menu.

about 1 year ago
TRIG to provide renewable electricity for hydrogen project in Port-La Nouvelle
Business Developments & Projects

TRIG to provide renewable electricity for hydrogen project in Port-La Nouvelle

The Renewables Infrastructure Group (TRIG) has entered into a power purchase agreement (PPA) to supply Hyd’Occ, a green hydrogen facility in Port-la Nouvelle, with renewable electricity from its onshore wind farms located in the Occitanie region.

about 1 year ago
Deepsea Yantai rig; Source: Odfjell Drilling
Business Developments & Projects

Rig duo from Odfjell Drilling’s fleet to conduct hydrocarbon exploration ops in Norway

The Norwegian authorities have handed out two drilling permits, which will enable the drilling of an exploration well in the Norwegian Sea and another one in the North Sea, using one of Odfjell Drilling’s semi-submersible rigs for the first one and one of the offshore drilling player’s managed rigs

about 1 year ago
Kim Dong-cheol, president of Korea Electric Power Corporation (third left), and Kim Hyung-won, head of LS Cable Energy and Construction Business Division (second left), source: LS Cable & System
Business Developments & Projects

LS Cable & System finalizes ‘Korea’s largest’ subsea cable project

South Korea-based cable manufacturer LS Cable & System has completed the construction of Korea’s first land-Jeju voltage-type high-voltage direct current (HVDC) transmission system, establishing an undersea power link between Wando, Jeollanam-do, and Jeju Island. Spanning approximately 90 kilometers

about 1 year ago
DeepOcean to reunite with high-spec subsea vessel under new charter contract
Business Developments & Projects

DeepOcean to reunite with high-spec subsea vessel under new charter contract

DeepOcean is reuniting with the high-spec subsea vessel Orient Adventurer under a charter contract with Taiwanese Dong Fang Offshore (DFO) which will see the vessel join the Norwegian company’s fleet from early 2026 until the end of 2027. DeepOcean will use Orient Adventurer primarily in Europe, but

about 1 year ago
Hibernia platform; Source: Hibernia Management and Development Company/ExxonMobil
Business Developments & Projects

Oil & gas get the blame for Trump’s expansionist pretensions toward Canada, renewables portrayed as road to independence

Given the uptick in Canada’s oil and gas stocks, some blame the fossil fuel industry for Trump’s annexation threat, painting renewable energy as the solution.

11 minutes read
An LNG vessel next to a jetty
Business Developments & Projects

Oman LNG delivers first cargo from 10-year deal to its largest offtaker Shell

Oman LNG has delivered its first liquefied natural gas (LNG) cargo to the UK-headquartered energy major Shell under the pair’s latest long-term agreements.

about 1 year ago