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Business Developments & Projects

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Business Developments & Projects

Relevant Spanish authorities grant approval for CETO’s deployment at BiMEP

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received a EuropeWave payment of €63,688 that reflects the approval of two deliverables related to the deployment of the CETO wave energy converter (WEC) at the Biscay Marine Energy Platform (BiMEP) site. The payment, und

about 4 months ago

Business Developments & Projects

GeoXYZ getting ready for surveys at proposed Northern Ireland-Scotland interconnector

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Belgium-headquartered GeoXYZ has been appointed to carry out unexploded ordnance (UXO) investigation and geotechnical surveys for a proposed HVDC subsea electricity interconnector that will link Northern Ireland and Scotland, with the work set to begin this month. The LirIC interconnector project wi

about 4 months ago

FSO will work on Block B offshore Vietnam; Source: Yinson Production

Business Developments & Projects

Yinson Production and PTSC lock in financing for Southeast Asian gas project’s FSO

Singapore’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, and its joint venture (JV) partner, PTSC, have secured multimillion-dollar funding for the partial construction of a newbuild floating storage and offloading (FSO) unit, destined to

about 4 months ago

Business Developments & Projects

Industry players unite to form UAE’s first shipbuilding consortium

A group of national industry players has come together to form the first shipbuilders consortium in the United Arab Emirates (UAE), which will work toward aligning national shipbuilding capabilities to drive maritime innovation and growth. According to AD Ports, the initiative is designed to strengt

about 4 months ago

Business Developments & Projects

Velesto lines up multi-well offshore rig job in Southeast Asia

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has been hired to supply a jack-up rig for a drilling campaign off the coast of Malaysia, Southeast Asia.

about 4 months ago

Business Developments & Projects

Azerbaijan kicks off offshore wind measurement campaign with LiDAR deployed in Caspian Sea

EOLOS Floating LiDAR Solutions has commissioned its FLS200 integrated floating LiDAR buoy at an offshore wind development site of Azerbaijan Green Energy Company (AGEC) in the Caspian Sea. The Spanish floating LiDAR provider said the campaign was the first offshore wind site assessment initiative of

about 4 months ago

Business Developments & Projects

‘Many key components’ manufactured for BiMEP-destined wave energy unit

Carnegie Clean Energy and its supply chain partners have completed the fabrication and manufacture of many key components of the scaled CETO wave energy unit to be deployed at Biscay Marine Energy Platform (BiMEP) as part of the ACHIEVE Programme, with the final component fabrication work packages u

about 4 months ago

Deepsea Yantai; Source: Odfjell Drilling

Business Developments & Projects

DNO in the clear for drilling ops with Odfjell Drilling-managed rig

Norway’s oil and gas player DNO has received the go-ahead from the country’s authorities for drilling activities in the Norwegian Sea with a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 4 months ago

Business Developments & Projects

Solstad Offshore comes out as winner in CSV legal battle

An arbitration regarding a disputed 2024 charter hire related to the largest vessel in Solstad Offshore’s fleet has been resolved in the favor of the Norwegian offshore vessel owner, the company reported. Solstad reported yesterday, May 14, that arbitration proceedings related to a disputed charter

about 4 months ago

Browse to North-West Shelf project development concept; Source: Woodside

Business Developments & Projects

Inpex coming aboard Australia’s huge multibillion-dollar gas project

Japan’s exploration and production (E&P) company Inpex has set the wheels in motion to join an offshore development project, which is described as Australia’s largest untapped conventional gas resource.

about 4 months ago

FPSO Léopold Sédar Senghor (for illustration purposes); Source: Woodside Energy

Business Developments & Projects

$7.5 billion gas project on Senegal’s development agenda

Société des Pétroles du Sénégal (Petrosen), Senegal’s state-owned oil and gas company, has shed light on the investment required to bring a deepwater gas field to life, which is estimated to hold recoverable resources of approximately 25 trillion cubic feet (tcf) of gas.

about 4 months ago

Business Developments & Projects

Petronas picks local tubular running services provider for next five years

Malaysia’s state-owned oil & gas heavyweight Petronas has awarded a local company a five-year contract for the delivery of tubular running services (TRS). Kuala Lumpur-headquartered Destini Oil Services, the energy arm of Destini Group, officially secured the contract on March 30, 2026, with it endi

about 4 months ago

Transocean Encourage rig; Source: Transocean

Business Developments & Projects

Seal of approval for Equinor’s drilling ops with Transocean’s 2016-built rig

Norway’s state-owned energy giant Equinor has received clearance from the Norwegian authorities to conduct drilling activities on the Norwegian Continental Shelf (NCS) with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 4 months ago

ADES' 300-feet Main Pass IV jack-up rig has been booked for operations offshore Nigeria; Credit: Shelf Drilling, now part of ADES

Business Developments & Projects

ADES’ 1982-built rig scoops up multimillion-dollar drilling gig in Nigerian waters

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has won a new offshore drilling assignment off the coast of Nigeria for one of its jack-up rigs.

about 4 months ago