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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Business Developments & Projects

BP executive becomes OMV’s first female CEO

Austria-headquartered oil & gas player OMV has appointed BP executive Emma Delaney as its first female chief executive officer (CEO), succeeding Alfred Stern. Delaney has been appointed by OMV‘s Supervisory Board as the Chairwoman of the Executive Board and CEO as of September 1, and will assume the

about 5 months ago

Business Developments & Projects

Innovex expands with acquisition of 2013-founded US firm

Innovex International, a Houston-based company established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has acquired Louisiana-headquartered Drilling Innovative Solutions (DIS), a manufacturer and distributor of downhole tool products for oil & gas exploration. Innovex said tha

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about 5 months ago

Business Developments & Projects

Huge gas discovery surfaces in Southeast Asian waters

Italy’s energy giant Eni has unveiled a new natural gas discovery off the coast of Indonesia, Southeast Asia. This find is said to confirm the strategic potential of the country’s Kutei Basin, unlocking significant new volumes for domestic and international markets.

about 5 months ago

Business Developments & Projects

Third oil platform offshore California coming online in June

Sable Offshore, a Texas-headquartered oil and gas company, has confirmed the timeline for the restart of production from its third platform off the coast of California.

about 5 months ago

Business Developments & Projects

$17.5 billion LNG project anchored by $1B investment in Louisiana businesses

Australia’s energy giant Woodside has revealed award allocations of over $1 billion to Louisiana suppliers for a liquefied natural gas (LNG) development project in the Pelican State, United States (U.S.).

about 5 months ago

Business Developments & Projects

Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping

UK-based classification society Lloyd’s Register and South Korea’s Pusan National University (PNU) have signed a memorandum of understanding (MoU) to establish the first-ever global certification framework for liquid hydrogen shipping. The framework aims to create the first internationally recognize

about 5 months ago

Business Developments & Projects

Gas sales pact paves the way for Jadestone’s Southeast Asian offshore project

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has sealed a deal with PV Gas, a subsidiary of Vietnam’s state-owned national energy group Petrovietnam. This unlocks the doors for the development of gas discoveries off the coast of Vietnam, Southeast Asia.

about 5 months ago

North Sea topside decom ops; Source: Mammoet

Business Developments & Projects

North Sea topside decom ops benefit from integrated load-ins

Netherlands-based heavy lifting and transport provider Mammoet has streamlined two topside decommissioning projects in the North Sea by employing combined planning to curb costs and delivery time.

about 5 months ago

Business Developments & Projects

TGS to spend additional three years at Gulf of America job

Norway’s energy data and intelligence company TGS has secured an extension to a multi-year ocean bottom node (OBN) acquisition contract in the Gulf of America. The contract has been extended for an additional three-year duration, with a “major producer in the Gulf of America”, TGS said. Kristian Joh

about 5 months ago

Business Developments & Projects

After LNG vessel deal, Dubai-based firm orders four new VLGCs to enrich LPG fleet

Dubai-based independent energy and commodities trading group BGN is expanding its liquefied petroleum gas (LPG) fleet capacity with the order for four new dual-fuel very large gas carriers (VLGCs) to be built in Korea. HD Hyundai Heavy Industries (HD HHI) will construct the four VLGCs at its shipyar

about 5 months ago

Business Developments & Projects

OKEA sheds its stake in Norwegian gas/condensate discovery

Norway’s oil and gas company OKEA has struck a deal with Japex Norge, a Norwegian subsidiary of Japan Petroleum Exploration (JAPEX), to divest its interest in an offshore gas/condensate discovery on the Norwegian Continental Shelf (NCS).

about 5 months ago

Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling

Business Developments & Projects

Probe underway as rig ops come to a standstill after blowout preventer drop

Scotland-headquartered offshore drilling contractor Odfjell Drilling has reported an equipment-handling incident on a 17-year-old semi-submersible, which halted rig activity pending repairs.

about 5 months ago

Business Developments & Projects

Three-party union in Singapore targets low-carbon ammonia as marine fuel

A three-party partnership has been established to explore the marketing and supply of low-carbon ammonia as a marine fuel to maritime end-users in Singapore. Singapore-headquartered NYK Bulkship (Asia), a subsidiary of Japanese shipping major NYK, Singaporean bunker supplier Golden Island, and Yara

about 5 months ago

Business Developments & Projects

World’s first global shipping carbon price talks back at UN’s bargaining table

As negotiations on a landmark climate agreement introducing the world’s first global carbon price on any polluter are set to catch a second breeze, the resumption of talks at the UN is seen as a big test whether countries can unite against the U.S. and other largely oil-producing states to defend th

about 5 months ago