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Business Developments & Projects

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Illustration; Source: BOEM
Business Developments & Projects

US sets the date for third Gulf of America oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) has proposed the date for the third offshore lease sale out of thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales under the One Big Beautiful Bill Act.

about 5 months ago
Stena IceMax; Source: Stena Drilling
Business Developments & Projects

Shell spins the drill bit with Stena drillship in Egyptian waters

UK-headquartered energy giant Shell has embarked on multi-well drilling activities off the coast of Egypt with a drillship owned by Scotland-headquartered offshore drilling contractor Stena Drilling.

about 5 months ago
Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link
Business Developments & Projects

Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link

Norway’s Reach Subsea is anticipated to commence an offshore survey campaign next week for the second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland HVDC Link 2. Shetland 2 will connect 330 kilometers between Shetland and the mainland to bring 2 GW of renewa

about 5 months ago
PSV model; Source: Golden Energy Offshore
Business Developments & Projects

2016-built vessel goes to its new owner

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has parted ways with one of its platform supply vessels (PSVs), optimizing its fleet.

about 5 months ago
LNG vessel; Source: GTT
Business Developments & Projects

Six LNG vessels to sport GTT’s tank design

France’s technological containment specialist Gaztransport & Technigaz (GTT) has been hired to provide the tank design for multiple new liquefied natural gas (LNG) carriers (LNGCs).

about 5 months ago
COSL Innovator rig; Source: COSL
Business Developments & Projects

North Sea oil & gas drilling ops with COSL rig good to go

Norwegian state-owned energy giant Equinor has secured the go-ahead from the country’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations in the North Sea off the coast of Norway.

about 5 months ago
‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning
Business Developments & Projects

‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning

A new subsea trencher destined for Danish power cable manufacturer and installation firm NKT, deemed the world’s most powerful, has arrived at the UK’s Port of Blyth to continue the fit-out and commissioning. NKT announced the investment in the NKT T3600 trencher in June 2025, as part of its ongoing

about 5 months ago
Borr Drilling
Business Developments & Projects

25 rigs out of Borr Drilling’s 29-strong fleet either on hire or with jobs lined up

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed multiple new work assignments in Africa, Southeast Asia, and North America. As a result, 25 of our 29 rigs are either contracted or committed, with six in Southeast Asia, five in the Middle East and North Afric

about 5 months ago
CMA CGM finalizes 6-unit-strong LNG vessel order, launches R&D hub in India
Business Developments & Projects

CMA CGM finalizes 6-unit-strong LNG vessel order, launches R&D hub in India

French shipping and logistics major CMA CGM Group has signed the final shipbuilding contract with India’s Cochin Shipyard Limited (CSL) for six LNG-powered containerships. The newbuilds, for which a letter of intent (LOI) was signed in October 2025, will have a capacity of 1,700 TEUs, will be able t

about 5 months ago
South African port confirmed as ‘suitable’ for wave energy project
Business Developments & Projects

South African port confirmed as ‘suitable’ for wave energy project

Eco Wave Power has completed a feasibility study for a potential wave energy power station at the Port of Ngqura in South Africa, stating that it had shown encouraging results. Conducted in collaboration with Africa Great Future Development (AGFDL), the feasibility study assessed site conditions, wa

about 5 months ago
MISC Group
Business Developments & Projects

MISC makes its first foray into Papua New Guinea with ExxonMobil’s FSO deals

MISC, Malaysia’s owner and operator of offshore floating and energy-related maritime solutions and services, has signed on the dotted line with ExxonMobil PNG (EMPNG), a subsidiary of the U.S.-based energy giant ExxonMobil, for a new floating storage and offloading (FSO) unit, which is destined to w

about 5 months ago
Østensjø Rederi’s hybrid tug to feature Finland-made propulsion
Business Developments & Projects

Østensjø Rederi’s hybrid tug to feature Finland-made propulsion

Spain’s GONDAN Shipbuilders has placed an order with Finnish company Steerprop to deliver propulsion for a new hybrid tugboat, the first tug design from naval architect Skipsteknisk, destined for Norwegian shipowner Østensjø Rederi. Steerprop will supply dual-end versions of its SP 50 W D propulsors

about 5 months ago
COSL Prospector rig; Source: COSL
Business Developments & Projects

Barents Sea prospect ends up being dry

Norwegian state-owned oil and gas giant Equinor has conducted drilling activities at a wildcat well in the Barents Sea off the coast of Norway with one of COSL Drilling Europe’s semi-submersible rigs. This well did not yield commercial quantities of hydrocarbons.

about 5 months ago
First of 7 transformers delivered for first UK-Germany energy link
Business Developments & Projects

First of 7 transformers delivered for first UK-Germany energy link

Siemens Energy has delivered the first of seven transformers that will help to power NeuConnect, the first energy link between the UK and Germany. The transformer was taken from Siemens Energy’s factories in Nürnberg, Germany, and delivered by barge along the Rhine River to Rotterdam, the Netherland

about 5 months ago
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