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Business Developments & Projects

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COSL Innovator rig; Source: COSL
Business Developments & Projects

Seal of approval for North Sea oil & gas exploration with COSL rig on drilling duty

Norwegian state-owned energy giant Equinor has received authorization from the country’s authorities to embark on exploration drilling activities with one of COSL Drilling Europe’s semi-submersible rigs in the North Sea off the coast of Norway.

about 4 months ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business Developments & Projects

US program selects 34 marine energy projects for technical support in record $4.8M round

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The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved a record 34 marine energy projects through its 17th Request for Technical Support (RFTS), reflecting a total of over $4.8 million. Backed by the U.S. Department of Energy (DOE) and managed by the Pacific Oc

about 4 months ago
An offshore rig
Business Developments & Projects

Murphy Oil edging closer to bringing online projects in US Gulf and Vietnam

Houston-headquartered oil and gas company Murphy Oil has made progress across multiple onshore and offshore exploration and production projects, with two on track to achieve first oil this year in the Americas and Asia.

about 4 months ago
Otway Basin assets; Source: Amplitude Energy
Business Developments & Projects

Australian offshore production license paving the way for first gas in 2028

Amplitude Energy (formerly Cooper Energy), an Australian gas production company focused on supplying the Southeast domestic gas market, has obtained a production license, which entails an undeveloped gas discovery in the Otway Basin off the coast of Victoria, Australia.

about 4 months ago
Kommandor Susan
Business Developments & Projects

Substitute engine parts cause of fire on board UK survey vessel, report says

The diesel generator engine failure that sparked an engine room fire and total power blackout on board the UK-flagged site investigation vessel Kommandor Susan in January 2025 was caused by substitute engine components installed during a 2019 overhaul, the investigation report issued by the UK gover

about 4 months ago
Delfin LNG; Source: Delfin Midstream
Business Developments & Projects

20-year offtake deal in the US LNG deepwater port project’s bag

Delfin Midstream, a U.S.-based liquefied natural gas (LNG) export infrastructure development company, has sealed a new multi-year LNG supply agreement with Gunvor International B.V. Amsterdam, Geneva Branch (Gunvor).

about 4 months ago
Nidoco N-2 well was drilled from onshore using advanced directional drilling technologies; Source: Egypt's Ministry of Petroleum and Mineral Resources
Business Developments & Projects

Fresh gas discovery unveiled as Eni and BP drill offshore well from onshore

Italy’s energy giant Eni and its partner, UK-headquartered BP, have used advanced directional drilling technologies to spud an offshore well from onshore, which led to a new natural gas discovery off the coast of Egypt.

about 4 months ago
Audacia pipelay vessel; Source: Allseas
Business Developments & Projects

First gas on track before 2026 ends with Southeast Asian project’s subsea ops in full swing

With subsea installation works underway, Prime Energy Resources Development (Prime Energy), a subsidiary of Prime Infrastructure Capital, is putting all the required pieces in place to bring the next stage of its natural gas project online off the coast of the Philippines.

about 4 months ago
FPS Shenandoah; Source: Navitas Petroleum
Business Developments & Projects

Oil & gas search in US Gulf: Drilling ops underway at one project with appraisal coming up soon at another

While drilling activities are ongoing at one development in the Gulf of America (U.S. Gulf of Mexico), appraisal operations are slated to kick off at another project before the end of the second quarter of 2026.

about 4 months ago
Second ORESA innovation call for offshore energy solutions closing on May 8
Business Developments & Projects

Second ORESA innovation call for offshore energy solutions closing on May 8

Offshore Renewable Energy Sustainability Alliance (ORESA), an Interreg North-West Europe project, is inviting small and medium-sized enterprises (SMEs) developing innovative products, technologies, or services within the offshore energy sector to apply for its second innovation call. This 2nd Innova

about 4 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business Developments & Projects

Brazilian firm picks new COO after previous one steps down

Brazilian oil and gas company PRIO, formerly known as PetroRio, has unveiled the identity of its new Chief Operating Officer (COO), following the resignation of the previous COO.

about 4 months ago
Turkish shipyard delivers 100-meter cable lay vessel to Norway
Business Developments & Projects

Turkish shipyard delivers 100-meter cable lay vessel to Norway

Norwegian Agalas has taken delivery of a cable laying support (CLSV) and light construction vessel built in Türkiye that will operate with compatriot offshore contractor Cecon Contracting. Cecon Vigor was launched at the Sefine Shipyard in April 2025 and, following delivery to Agalas yesterday, May

about 4 months ago
MESH and existing energy infrastructure and projects surrounding it; Source: EnergyPathways
Business Developments & Projects

New gas storage license on the horizon for UK’s integrated energy storage project

England-based energy transition-focused player EnergyPathways is awaiting the award of a gas storage license (GSL) from the North Sea Transition Authority (NSTA) in connection with the firm’s flagship energy storage project off the Cumbria coast in the East Irish Sea.

about 4 months ago
Deepwater Atlas drillship (for illustration purposes); Source: Transocean
Business Developments & Projects

Transocean’s $5.8 billion merger with Valaris pending US antitrust clearance

Switzerland-based offshore drilling contractor Transocean’s business combination with the Bermuda-incorporated Valaris is facing extended antitrust scrutiny, as the offshore drilling giants’ merger request is under review with the Federal Trade Commission and the Antitrust Division of the United Sta

about 4 months ago