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Business Developments & Projects

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Olympus platform; Copyright: Shell /Mike Duhon Productions; Credit: Photographic Services, Shell International
Business Developments & Projects

First oil & gas well in US Gulf now online, second set to follow suit shortly

Beacon Offshore Energy, a Texas-based exploration and production company, has brought its initial well on stream at a field in the Gulf of America (the U.S. Gulf of Mexico) and drilled another one, which is anticipated to begin production by the end of the first quarter of 2026.

about 6 months ago
Alaska LNG
Business Developments & Projects

Worley among firms breathing life into $44 billion LNG project during early execution stage

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has taken steps to move the first phase of its liquefied natural gas (LNG) export development in Alaska from development into early execution by announcing conditional awards for pipeline construction and line pipe supply, following a multi-roun

about 6 months ago
Newbuild Dutch multifunctional workboat to hit the market in September
Business Developments & Projects

Newbuild Dutch multifunctional workboat to hit the market in September

Dutch Van Wijngaarden Marine Services has signed a contract with compatriot shipbuilder and designer Neptune Marine for the construction of an EuroCarrier that will be capable of performing survey and geotechnical services, among other things. The new EuroCarrier 2712 – DP1 – TIER III, to be named M

about 6 months ago
A plant on the coast
Business Developments & Projects

Vitol locks in LNG supplies through 2031 with Brunei-based firm

Vitol, an energy and commodities company, has prolonged its liquefied natural gas (LNG) sale and purchase agreement (SPA) with Brunei Energy Services & Trading (BEST), ensuring LNG supplies for four additional years.

about 6 months ago
German dry bulk carrier firm adopts fleet-wide energy optimization technology
Business Developments & Projects

German dry bulk carrier firm adopts fleet-wide energy optimization technology

German dry bulk carrier owner and operator Oldendorff Carriers is deploying energy optimization technology from a Swedish company to reduce energy consumption and emissions across its fleet. As part of the partnership with Swedish technology provider eMarine, Variable Frequency Drives (VFDs) have al

about 6 months ago
Floatel Endurance; Source: Aker BP
Business Developments & Projects

Go-ahead for Aker BP to use Floatel’s vessel at Norwegian offshore field

The Norwegian offshore safety regulator has given Aker BP consent to deploy one of Floatel’s semi-submersible accommodation and construction support vessels at a field off the coast of Norway.

about 6 months ago
DeepOcean concludes operations at US offshore wind project
Business Developments & Projects

DeepOcean concludes operations at US offshore wind project

Ocean services provider DeepOcean has completed trenching and survey operations at a U.S. offshore wind project under a contract awarded by what it says is a global provider of engineering, procurement, construction and installation (EPCI). DeepOcean’s scope of work included trenching and surveying

about 6 months ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Equinor’s drilling ops with Transocean rig in the clear

Equinor has secured the green light from the Norwegian authorities for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by Transocean, an offshore drilling player.

about 6 months ago
Dutch partnership formed to pursue scalable autonomous maritime operations
Business Developments & Projects

Dutch partnership formed to pursue scalable autonomous maritime operations

Dutch Royal IHC and Demcon Unmanned Systems have entered into a strategic partnership for the deployment of unmanned and autonomous vessels for scalable autonomous maritime operations. The partnership has started with the development and integration of containerized launch and recovery systems (LARS

about 6 months ago
Shipowner takes over ‘China’s first’ dual-fuel methanol-powered bunkering vessel
Business Developments & Projects

Shipowner takes over ‘China’s first’ dual-fuel methanol-powered bunkering vessel

Hong Kong-based shipowner Wah Kwong Maritime Transport Holdings Limited has welcomed to its fleet what it says is China’s first dual-fuel methanol-powered bunkering vessel. Da Qing 268 is the fourth bunkering vessel under the company’s care, joining Hai Gang Wei Lai, the largest LNG bunkering vessel

about 6 months ago
Illustration; Source: McDermott
Business Developments & Projects

McDermott takes on EPCI job at ADNOC’s oil expansion project

McDermott has landed a major assignment, worth between $750 million and $1 billion, for an expansion project designed to boost offshore oil production at a development operated by the United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC).

about 6 months ago
CMA CGM Monte Cristo; Source: CMA CGM
Business Developments & Projects

CMA CGM’s fleet grows to 400 owned vessels as first of six methanol container ships comes in

French shipping and logistics giant CMA CGM Group has welcomed the arrival of the first in a series of six 15,000-TEU methanol container ships, expanding its arsenal with the 400th owned vessel within a fleet of over 650 vessels worldwide, as part of its decarbonization strategy.

about 6 months ago
FPSO Petrojarl Kong
Business Developments & Projects

SOCAR coming aboard Eni’s oil & gas project in West Africa

Italy’s energy giant Eni has sealed a deal to divest a partial stake in an oil and gas development project off the coast of Côte d’Ivoire to the State Oil Company of the Republic of Azerbaijan (SOCAR).

about 6 months ago
Egypt’s ‘largest of its kind’ OBN program to identify exploration opportunities
Business Developments & Projects

Egypt’s ‘largest of its kind’ OBN program to identify exploration opportunities

France-based geophysical services company Viridien and U.S.-headquartered technology player SLB are set to begin a large seismic acquisition and imaging program offshore Egypt that will help explorers and investors identify new opportunities for exploration and enhanced production. Viridien and SLB

about 6 months ago
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