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Business Developments & Projects

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Oil spill east of Gotland; Courtesy of Swedish Coast Guard
Business Developments & Projects

Vessel detained under suspicion over Baltic Sea oil spill is on EU sanctions list

The Swedish Coast Guard has decided to launch a probe into a ship suspected of causing an oil spill in the Baltic Sea, east of Gotland, ordering the vessel to anchor in Swedish territorial waters.

about 3 months ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business Developments & Projects

EXIM rubber-stamps over $2 billion for US LNG export to Egypt

The Export-Import Bank of the United States (EXIM), the United States government’s official export credit agency that supports American jobs by facilitating U.S. exports, has given the go-ahead for an export credit insurance authorization of more than $2 billion to send U.S. liquefied natural gas (L

about 3 months ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business Developments & Projects

Asian multi-well drilling campaign bumped to May

A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026.

about 3 months ago
Arcius Energy signed the Harmattan scope execution contract with its partners, PhPC and ENPPI, witnessed by its CEO, Egyptian Natural Gas Holding Company (EGAS), BP and XRG, underscoring strong collab
Business Developments & Projects

BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC’s XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt.

about 3 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Business Developments & Projects

Transocean’s rig trio scoops up $1 billion for drilling jobs in Norway and Brazil

Switzerland-based offshore drilling contractor Transocean has found more work for a harsh environment semi-submersible in Norway and two ultra-deepwater drillships off the coast of Brazil.

about 3 months ago
Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin
Business Developments & Projects

Shearwater and Searcher wrap up 3D seismic acquisition in Brazil’s Pelotas Basin

Norway’s Shearwater GeoServices and Australia-headquartered Searcher have completed this season’s multi-client 3D seismic acquisition campaign in Brazil’s Pelotas Basin. This Phase Three contributed an additional 7,500 km2 of high-quality 3D data, building on the 9,500 km2 previously acquired, bring

about 3 months ago
SSV Victoria rig; Source: Ventura Offshore
Business Developments & Projects

Ventura Offshore scores multimillion-dollar rig extensions with Petrobras

Brazilian deepwater offshore drilling contractor Ventura Offshore has won two contract extensions with the country’s state-owned energy giant Petrobras for a sixth-generation semi-submersible rig and a seventh-generation drillship it manages on behalf of Eldorado Drilling, an offshore drilling playe

about 3 months ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business Developments & Projects

Another 20-year LNG offtake lands in Mexican project’s bag

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and a subsidiary of 2PointZero Group, has struck a multi-year liquefied natural gas (LNG) supply deal with Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance,

about 3 months ago
Hafnia orders eight ‘fuel-efficient’ tankers from South Korean shipyard
Business Developments & Projects

Hafnia orders eight ‘fuel-efficient’ tankers from South Korean shipyard

Singapore-based tanker owner Hafnia has placed an order for the construction of eight fuel-efficient product tankers with the South Korean shipbuilder Hyundai Heavy Industries. The total purchase price for the medium-range (MR) newbuild product tankers is approximately $405 million, with deliveries

about 3 months ago
Elba LNG terminal; Source: Kinder Morgan
Business Developments & Projects

Green light for more US LNG to non-free trade agreement countries

Southern LNG Company, a subsidiary of the North American energy infrastructure player Kinder Morgan, has received the go-ahead for additional exports of liquefied natural gas (LNG) from a terminal in Chatham County, Georgia.

about 3 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business Developments & Projects

Mediterranean gas field back online after shutdown due to regional safety woes

Chevron Mediterranean Limited (CML), a subsidiary of U.S.-headquartered Chevron, and its partners have resumed gas production from a giant natural gas project off the coast of Israel.

about 3 months ago
New player enters underwater robotics market with AUV prototype
Business Developments & Projects

New player enters underwater robotics market with AUV prototype

ZenaTech, a Canadian technology company specializing in AI drone, drone as a service (DaaS), enterprise SaaS and quantum computing solutions, has entered the underwater robotics market with the development of an autonomous underwater vehicle (AUV) prototype. ZenaTech reported on March 31 that its Ze

about 3 months ago
Vietnam’s REE unveils investment plan for offshore wind, floating solar
Business Developments & Projects

Vietnam’s REE unveils investment plan for offshore wind, floating solar

Vietnam’s Refrigeration Electrical Engineering Corporation (REE) is planning a billion-US-dollar push into offshore wind and floating solar as part of its renewable energy expansion strategy, according to Vietnamese media. At its 31 March 2026 annual general meeting, REE outlined plans to significan

about 3 months ago
Offshore rig
Business Developments & Projects

Rig gigs with Petrobras bring Constellation $1.1 billion in additional backlog

Constellation Oil Services, a Brazilian drilling contractor, has augmented its contract backlog thanks to extensions of drilling assignments for three rigs with Brazil’s state-owned energy giant Petrobras.

about 3 months ago
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