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Business Developments & Projects

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India: Larsen & Toubro company gets EPCIC order from ONGC
Business Developments & Projects

India: Larsen & Toubro company gets EPCIC order from ONGC

Mumbai-headquartered L&T Energy Hydrocarbon Offshore (LTEH Offshore), a Larsen & Toubro business, has secured an order from India’s government-owned energy company Oil and Natural Gas Corporation (ONGC) for the additional development of a project off India’s west coast. LTEH Offshore’s scope covers

13 days ago
Multi-client survey starts offshore Brazil’s Amapá following recent discovery
Business Developments & Projects

Multi-client survey starts offshore Brazil’s Amapá following recent discovery

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Shearwater Geoservices and SLB have launched a 3D multi-client seismic survey offshore Amapá in Brazil, said to address critical data needs as exploration interest grows following Petrobras’ Morpho hydrocarbon discovery. The survey area is located approximately 130 kilometers from the Morpho well in

14 days ago
Illustration; Source: McDermott
Business Developments & Projects

First subsea contract with Eni takes McDermott to Cyprus

U.S. offshore engineering and construction player McDermott has secured its first subsea contract with Eni for the first gas development in Cyprus. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in offshore Block 6, Cronos was disco

14 days ago
Saipem put in charge of commissioning services for Türkiye-bound FPU
Business Developments & Projects

Saipem put in charge of commissioning services for Türkiye-bound FPU

Saipem has secured a new contract with GOE Petrol Sanayi to provide commissioning services for a floating production unit (FPU) destined for Türkiye’s largest natural gas field. Saipem’s scope of work for the Osman Gazi FPU, intended for the development of the Sakarya gas field in the Turkish Black

14 days ago
HD Hyundai-built medium gas carriers to sport Nord Gas Solutions’ systems
Business Developments & Projects

HD Hyundai-built medium gas carriers to sport Nord Gas Solutions’ systems

Nord Gas Solutions, formerly Wärtsilä Gas Solutions, has been selected to supply the cargo handling systems (CHS) and LPG fuel supply systems (LFSS) for two new medium gas carrier (MGC) vessels being built by HD Hyundai. Under the contract signed in June, Nord Gas Solutions will deliver the equipmen

14 days ago
Shearwater to use electric ROVs for North Sea contract
Business Developments & Projects

Shearwater to use electric ROVs for North Sea contract

Norway’s Shearwater Geoservices has secured an ocean bottom node (OBN) survey contract in the North Sea, representing the first commercial deployment of its newly installed electric remotely operated vehicles (ROVs). The seven-week survey will be performed by the SW Tasman with Pearl nodes, as the R

14 days ago
Deep Value Driller drillship; Source: Deep Value Driller
Business Developments & Projects

Ventura Offshore adds deepwater firepower to managed fleet and wins Petronas rig deal

Brazilian deepwater offshore drilling contractor Ventura Offshore has expanded its managed fleet by adding Eldorado Drilling’s seventh-generation drillship to its rig pool. The firm has also secured a multimillion-dollar assignment with Malaysia’s state-owned oil and gas heavyweight Petronas for a d

15 days ago
Vertical Corridor expands into Western Balkans; Source: Gastrade
Business Developments & Projects

Boost for Europe’s energy diversification and cross-border gas flows as Western Balkans plug into Vertical Corridor

The Vertical Corridor is expanding into the Western Balkans, with North Macedonia and Serbia joining the regional gas initiative in a move set to strengthen energy diversification, cross-border connectivity, and security of supply from Greece to markets across Southeast and Central Europe.

15 days ago
NKT inaugurates expanded power cable factory in Denmark
Business Developments & Projects

NKT inaugurates expanded power cable factory in Denmark

Danish power cable manufacturer and installation firm NKT has inaugurated its expanded medium-voltage (MV) power cable factory in Asnaes, Denmark, where production has been ongoing since 1965. The expansion works began in September 2024 and included a new production hall, new production and test fac

15 days ago
OneSubsea to support Azule Energy’s production shift from aging to new FPSO
Business Developments & Projects

OneSubsea to support Azule Energy’s production shift from aging to new FPSO

Azule Energy, a joint venture between Italy’s Eni and the UK’s BP, has awarded SLB OneSubsea with a contract for the supply of controls umbilicals for a project offshore Angola. The West Hub Tails project, part of the Integrated West Hub (IWH) development in Block 15/06, includes the redirection of

15 days ago
South Korea's SHI
Business Developments & Projects

Scottish firm strengthens VLGC foothold with four-vessel Korean shipbuilding deal

Babcock LGE, a Rosyth-based marine engineering business within Babcock International, has won a new assignment with South Korea’s Samsung Heavy Industries (SHI) that covers four 88,000-cubic-meter (cbm) very large gas carriers (VLGCs), bolstering its position in the global liquefied gas handling mar

15 days ago
Netherlands becomes home to ‘Europe’s largest’ carbon capture facility
Business Developments & Projects

Netherlands becomes home to ‘Europe’s largest’ carbon capture facility

A carbon capture facility has been inaugurated in the Netherlands at Yara’s plant, from where CO2 will be transported by ship to Norway for permanent storage under the seabed as part of the Northern Lights project. Deemed Europe’s largest industrial carbon capture facility, it will capture up to 800

15 days ago
Papua LNG
Business Developments & Projects

Santos expands Oceania LNG exposure as ExxonMobil takes the reins

Australian energy company Santos has taken steps to boost its stake in a liquefied natural gas (LNG) project in Papua New Guinea, Oceania.

15 days ago
Two men standing on the coast at sunset with one of them pointing at an offshore rig
Business Developments & Projects

Petronas on AI-powered quest to streamline Malaysia’s upstream investment playbook

Malaysia’s state-owned oil and gas heavyweight Petronas is using artificial intelligence (AI) to transform the country’s exploration and production investment landscape, helping investors identify and evaluate upstream opportunities faster as it seeks to attract more capital and accelerate projects

15 days ago