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Business Developments & Projects

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Troll - Equinor
Business Developments & Projects

New item added to Axess’ Norwegian oil & gas assignment with Equinor

Norway-headquartered asset integrity management company Axess Group has expanded its deal with Equinor, a compatriot state-owned energy giant, to include an additional scope of work in the Norwegian sector of the North Sea.

about 5 months ago
Rig move; Courtesy of ABL Group
Business Developments & Projects

ABL and PetroSafe pool resources in Egyptian energy landscape

ABL, part of Oslo-listed global consultancy group ABL Group, has joined forces with Egypt’s Petroleum Safety and Environmental Services Company (PetroSafe) to collaborate on technical performance solutions across Egyptian onshore and offshore energy assets.

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about 5 months ago
Cost cuts unlocked as DeepOcean unifies two subsea operations into one
Business Developments & Projects

Cost cuts unlocked as DeepOcean unifies two subsea operations into one

DeepOcean has performed an inspection and 3D scanning of subsea infrastructure in a single operation rather than as two separate ones as typically done, at an offshore field in Senegal operated by Woodside Energy. DeepOcean has completed a full-field baseline subsea survey and a full 3D scan simulta

about 5 months ago
Illustration; Source: Saipem
Business Developments & Projects

With two new deals, Saipem’s contract value for Saudi field reaches $900 million

Saipem has secured two new offshore contracts with Saudi Arabia’s Aramco, worth approximately $400 million, adding to the $500 million award announced in February for the same project. Under the contract release purchase order (CRPO) reported two months ago, Saipem’s scope of work includes the engin

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

Stena Drilling’s drillship finds job in Greece

Scotland-headquartered offshore drilling contractor Stena Drilling has lined up a new assignment for its 2008-built mobile offshore drilling unit (MODU) off the coast of Greece.

about 5 months ago
BGN signs JV with CCEC for LNG carrier; Courtesy of BGN
Business Developments & Projects

UAE firm to enrich fleet with two LNG carriers by 2027, first vessel deal now in the bag

On a quest to expand its maritime operations by enlarging its fleet, Dubai-based independent energy and commodities trading group BGN has sealed a long-term liquefied natural gas (LNG) carrier (LNGC) charter with an affiliate of Capital Clean Energy Carriers (CCEC).

about 5 months ago
Sea1’s offshore energy support vessel getting lights from Glamox this month
Business Developments & Projects

Sea1’s offshore energy support vessel getting lights from Glamox this month

Four offshore energy support vessels (OESVs) being built in China for Norwegian offshore services provider Sea1 Offshore will sport lights from Glamox, with the first delivery to take place this month. Sea1 Offshore placed the order for the first two OESVs with Cosco Shipping in November 2024, revea

about 5 months ago
CCS exploration drilling ops cleared for launch offshore Japan
Business Developments & Projects

CCS exploration drilling ops cleared for launch offshore Japan

On a mission to support carbon capture and storage (CCS), Metropolitan CCS, a joint venture (JV) between Inpex Corporation and Kanto Natural Gas Development, has secured the green light from Japan’s Minister of Economy, Trade and Industry to undertake exploratory drilling offshore Kujukuri along the

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

Samsung Heavy Industries handpicks GTT for LNG vessel’s tank design

French technological containment specialist Gaztransport & Technigaz (GTT) has won a new tank design job for a liquefied natural gas (LNG) carrier (LNGC) with South Korea’s Samsung Heavy Industries.

about 5 months ago
Illustration; Credit: Morten Berentsen/NOD
Business Developments & Projects

Norway eyes enhanced oil & gas recovery projects to boost production

Given its aim to increase oil and gas output on the Norwegian Continental Shelf (NCS), the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has spotlighted the use of advanced methods as a solution to curb production decline.

about 5 months ago
Swedish firm looking to deploy its hybrid ocean energy platform in Costa Rica
Business Developments & Projects

Swedish firm looking to deploy its hybrid ocean energy platform in Costa Rica

Sweden-based NoviOcean is exploring the options for the deployment of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, in Costa Rica. NoviOcean has signed a memorandum of understanding (MoU) with MIR Green Energy to explore the deployment of th

about 5 months ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Business Developments & Projects

Vår Energi unveils $360 million investment in Barents Sea field

Norwegian oil and gas player Vår Energi has handed out a revised plan for development and operation (PDO) of a project in the Barents Sea to Norway’s Ministry of Petroleum and Energy to enable higher production for longer from an offshore field.

about 5 months ago
FSRU conversion works for EemsEnergyTerminal are now underway; Source: Exmar
Business Developments & Projects

Exmar embarks on FSRU conversion job for Dutch LNG terminal

Belgian shipping company Exmar has started the conversion works for a new floating storage regasification unit (FSRU) destined for the expansion of a liquefied natural gas (LNG) terminal in the Netherlands.

about 5 months ago
AF Gruppen buys Acteon business to expand its decom and offshore wind offering
Business Developments & Projects

AF Gruppen buys Acteon business to expand its decom and offshore wind offering

Norway’s AF Gruppen is acquiring Aberdeen-headquartered Claxton, a provider of technology-driven services and engineering primarily within offshore decommissioning, from the UK-headquartered Acteon Group for an agreed enterprise value of £63.5 million (around €72.8 million). The transaction comprise

about 5 months ago