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Business Developments & Projects

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Stena Evolution drillship; Source: Stena Drilling
Business Developments & Projects

Stena Drilling ups GHG abatement ante as 2024-built drillship gets DNV’s notation

Scotland-headquartered offshore drilling contractor Stena Drilling has received DNV’s Abate (P+) notation for one of its drillships, underscoring the rig owner’s efforts to cut greenhouse gas (GHG) emissions across its operations.

about 5 months ago
BW Energy
Business Developments & Projects

African multi-well offshore drilling campaign on BW Energy’s agenda in July

Oslo-listed oil and gas E&P player BW Energy has made further progress in preparations for its planned drilling program off the coast of Gabon.

about 5 months ago
Fugro’s jack-up platform starts surveys for Western Isles subsea link
Business Developments & Projects

Fugro’s jack-up platform starts surveys for Western Isles subsea link

Dutch Fugro has commenced integrated site investigations for a power transmission link that will connect the Scottish Western Isles to the UK national electricity transmission network for the first time. Fugro is carrying out nearshore surveys for SSEN Transmission’s 1.8 GW Western Isles high-voltag

about 5 months ago
FPSO One Guyana; Source: SBM Offshore
Business Developments & Projects

ExxonMobil pays $2.32 billion for Guyana-based FPSO, SBM Offshore remains in charge of ops

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, and ExxonMobil Guyana, a subsidiary of the U.S.-headquartered energy giant ExxonMobil, have wrapped up the change of ownership process for a floating production, stora

about 5 months ago
Work begins on 203-kilometer Scottish HVDC transmission link
Business Developments & Projects

Work begins on 203-kilometer Scottish HVDC transmission link

Both onshore and offshore enabling works have commenced for the development of the 2 GW Spittal to Peterhead subsea cable link project in Scotland, which will support national clean power and energy security ambitions. The 203-kilometer high-voltage direct current (HVDC) link will connect the Bannis

about 5 months ago
Noble Globetrotter I drillship; Source: Noble
Business Developments & Projects

Drilling yields ‘non-significant’ gas shows, next Black Sea well to be spud soon

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, which have drilled a dry hole in the Bulgarian sector of the Black Sea, are weeks away from drilling another well.

about 5 months ago
Illustration. Source: BOEM
Business Developments & Projects

15,066 blocks up for grabs in next US offshore oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) has taken further steps to conduct the second offshore oil and gas lease sale under the One Big Beautiful Bill Act, which encompasses thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales.

about 5 months ago
Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund
Business Developments & Projects

Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund

The Danish Energy Agency has received two final bids for the DKK 28.7 billion (around €3.84 billion) fund for carbon capture and storage (CCS) aimed at helping the country reach its climate goals. Sixteen projects applied to be prequalified for this third CCS pool, of which ten were prequalified in

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

Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm

Shell has struck a deal to offload a minor interest in an oil and gas development off the coast of Brazil to Energy Development Corporation (EDC), an affiliate of Kuwait Foreign Petroleum Exploration Company (KUFPEC), which is a subsidiary of Kuwait Petroleum Corporation (KPC).

about 5 months ago
Floatel Victory
Business Developments & Projects

Floatel puts the seal on 2013-built vessel’s job with Brazilian oil & gas player

Floatel International, an offshore accommodation provider, has hammered out an assignment for a 13-year-old semi-submersible accommodation and construction support unit with Brazil’s Brava Energia.

about 5 months ago
Recently converted seismic source vessel begins sea trials (Video)
Business Developments & Projects

Recently converted seismic source vessel begins sea trials (Video)

A 2010-built seismic source vessel owned by Norway’s Sanco Shipping, recently converted from a seismic research vessel, is performing its sea trials ahead of delivery. Sanco Shipping purchased Sanco Sailor in July 2025, at the time named PGS Apollo, after which the 106.6-meter-long vessel set sail d

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

Baker Hughes and Italian player team up to play ball on global LNG scene

Baker Hughes has banded together with Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, to explore prospective modularized, scalable liquefied natural gas (LNG) projects across the globe.

about 5 months ago
Danish wave energy firm step closer to commercial pilot project in Barbados
Business Developments & Projects

Danish wave energy firm step closer to commercial pilot project in Barbados

Danish wave energy firm Wavepiston has signed a memorandum of understanding (MoU) with Export Barbados (BIDC), an agency of the Barbados Government, as part of its journey towards commercial wave energy deployment in the Caribbean. Under the acronym WEB (Wave Energy in Barbados), Wavepiston and Expo

about 5 months ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business Developments & Projects

Multi-year LNG pacts strengthen Qatar’s bilateral ties with Malaysia and Japan

Qatar’s state-owned oil and gas giant QatarEnergy has sealed long-term liquefied natural gas (LNG) deals with Malaysia’s Petronas, Japan’s Ministry of Economy, Trade and Industry (METI), and JERA, the country’s largest power generation company.

about 5 months ago
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