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Business Developments & Projects

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Oxy
Business Developments & Projects

New oil discovery comes to light in Gulf of America

Houston-headquartered energy player Occidental (Oxy) has unveiled a new oil discovery at a prospect in the Gulf of America (U.S. Gulf of Mexico).

about 3 months ago
A man seen from behind looking at the sea
Business Developments & Projects

CB&I all done with acquisition of Petrofac’s Asset Solutions business

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has expanded its service offering with the purchase of Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning

about 3 months ago
Marvel Swallow LNG tanker; Source: Elenger
Business Developments & Projects

European firm lines up five LNG cargos to up gas storage ante

Elenger, Finland’s privately owned energy company by Infortar, has set the wheels in motion to get ready for the next heating season by securing five liquefied natural gas (LNG) cargoes this spring.

about 3 months ago
OneSubsea technology to enable ‘faster production’ at American deepwater field
Business Developments & Projects

OneSubsea technology to enable ‘faster production’ at American deepwater field

Following last month’s contract win in China, OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract with Texas-based Beacon Offshore Energy (BOE) Exploration and Production for a deepwater field in the Gulf of America. Under the contract, OneSubsea will deliver

about 3 months ago
Beryl Alpha in North Sea; Source: APA
Business Developments & Projects

250 North Sea workers to reap benefits from UK union recognition deal

The offshore workers’ voices on the UK Continental Shelf (UKCS) are set to be amplified as Unite, described as Britain’s largest offshore trade union, has secured a new recognition agreement with Apache, a North Sea operator.

about 3 months ago
EnQuest
Business Developments & Projects

Multimillion-dollar fine for EnQuest over 33 idle wells as UK cracks down on decom inactivity

Great Britain’s regulator, North Sea Transition Authority (NSTA), has hit London Stock Exchange-listed energy player EnQuest with a penalty over decommissioning failures related to 33 inactive wells.

about 3 months ago
DeepOcean charters Boskalis’ recently purchased subsea vessel
Business Developments & Projects

DeepOcean charters Boskalis’ recently purchased subsea vessel

DeepOcean has signed an agreement with Boskalis for the charter of a subsea vessel the Dutch company recently purchased from Norwegian vessel operator Sea1 Offshore. Boka Spearfish, to be renamed from Sea1 Spearfish, will join DeepOcean’s fleet of advanced subsea vessels for the remainder of 2026, w

about 3 months ago
Vessel naming ceremony; Source: Exmar
Business Developments & Projects

‘World’s first’ ammonia dual‑fuel vessels get their names as green shipping advances

Belgian shipping company Exmar has unveiled a naming ceremony for two ocean-going ammonia dual fuel midsize gas carriers (MGC), which was held in South Korea.

about 3 months ago
Fugro to check for UXO ahead of geotechnical survey at Morecambe OWF site
Business Developments & Projects

Fugro to check for UXO ahead of geotechnical survey at Morecambe OWF site

Fugro will conduct a UXO survey at the Morecambe Bay area this month, ahead of a geotechnical site investigation for the Morecambe offshore wind project that is planned to start in May 2026. The UXO work will be undertaken by the survey vessel Fugro Frontier and is planned to commence around April 1

about 3 months ago
Third Northern Lights LCO2 carrier blessed, now preparing for service
Business Developments & Projects

Third Northern Lights LCO2 carrier blessed, now preparing for service

Northern Phoenix, the third liquefied carbon dioxide (LCO2) carrier for the Northern Lights CO2 project in Norway, has officially been blessed and will now start final preparations and commissioning ahead of operations. China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Co

about 3 months ago
FPSO Energean Power; Source: Energean
Business Developments & Projects

Wheels up for FPSO to come back online in Eastern Mediterranean waters

London-based oil and gas player Energean has received the go-ahead to resume production from a floating production, storage, and offloading (FPSO) vessel, which is working at a field off the coast of Israel.

about 3 months ago
Industry’s largest subsea rock installation vessel in final preparations for first job
Business Developments & Projects

Industry’s largest subsea rock installation vessel in final preparations for first job

Boskalis’ new subsea rock installation (SRI) vessel, described by the company as the largest in the industry, has arrived in the Netherlands for final outfitting and commissioning ahead of its first assignment later this year. Windpiper, whose purchase Boskalis announced in January 2025, was develop

about 3 months ago
Consortium developing subsea noise reduction system for floating, jacket offshore wind foundations
Business Developments & Projects

Consortium developing subsea noise reduction system for floating, jacket offshore wind foundations

Chantiers de l’Atlantique, EDF power solutions, Heerema Marine Contractors, Menck, RTE, Sealence and Smulders have formed the Searénité consortium to develop a dedicated solution designed to limit underwater noise generated during offshore construction, particularly for floating wind and substation

about 3 months ago
Commonwealth LNG; Source: Technip Energies
Business Developments & Projects

Technip Energies in the clear to work on $12.5B LNG project in Louisiana

French-based engineering player Technip Energies has received clearance to move forward with efforts to breathe life into a liquefied natural gas (LNG) export project under development in Louisiana, United States.

about 3 months ago
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