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Business Developments & Projects

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Halliburton
Business Developments & Projects

New ‘industry’s first’ for Halliburton, ExxonMobil, Noble, Sekal, and Wells Alliance offshore Guyana

As the industry’s shift from automation-assisted drilling to repeatable, scalable well construction automation continues, the U.S.-headquartered oilfield services player Halliburton has tucked a new milestone under its belt by pooling resources with ExxonMobil, Sekal, Noble, and the Wells Alliance G

about 6 months ago
New IMCA president comes from DEME
Business Developments & Projects

New IMCA president comes from DEME

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The International Marine Contractors Association (IMCA) has appointed Hugo Bouvy, Managing Director of DEME Offshore Energy, as its new president, succeeding Luca Gentili, Head of Asset, Fabrication, and Project Services at Saipem. According to IMCA, Bouvy has served as the Managing Director of the

about 6 months ago
Brage platform; Source: OKEA
Business Developments & Projects

North Sea oil discovery adds low-cost barrels for OKEA with resource estimate boost

Norway’s oil and gas company OKEA has upped the recoverable resource estimates from discoveries at an oil field in the Norwegian sector of the North Sea.

about 6 months ago
Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands
Business Developments & Projects

Leonardo da Vinci finishes cabling in UK waters for NeuConnect, goes to the Netherlands

Italian cabling giant Prysmian, as the main contractor, has completed all subsea cabling in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, with its cable-laying vessel (CLV) now moving to Dutch waters. F

about 6 months ago
LNG vessel; Source: GTT
Business Developments & Projects

Chinese shipyard books GTT for tank design of LNG vessel quartet

French technological containment specialist Gaztransport & Technigaz (GTT) has secured new tank design assignments for four liquefied natural gas (LNG) carriers (LNGCs) with China’s Hudong-Zhonghua shipyard.

about 6 months ago
Statnett chooses DOF for replacement of ageing subsea power cables
Business Developments & Projects

Statnett chooses DOF for replacement of ageing subsea power cables

Norway’s transmission system operator (TSO) Statnett has awarded DOF Group with a contract defined as substantial, meaning it is worth between $25 million and $50 million, for the replacement of high-voltage subsea power cables. The scope covers partial removal of ageing subsea power cables across O

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

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec

about 6 months ago
€693 million financing to support UK’s subsea electricity superhighway
Business Developments & Projects

€693 million financing to support UK’s subsea electricity superhighway

ScottishPower, through its parent company Iberdrola, has secured £600 million (around €693 million) in financing from the National Wealth Fund to support the development of the fourth out of five subsea electricity superhighways between Scotland and England. The 2 GW Eastern Green Link 4 (EGL4) high

about 6 months ago
German TSO makes order for four cable storage carousels
Business Developments & Projects

German TSO makes order for four cable storage carousels

German transmission system operator (TSO) 50Hertz has awarded the Netherlands-headquartered Subsea Cable Assets (SCA) with a framework contract for the delivery of four cable storage carousels. SCA’s scope includes the engineering, manufacturing, delivery, installation and commissioning of four caro

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

Changes sweep across Karoon’s executive team with CFO and CCTO picks

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has revealed two new appointments to fill the role of Executive Vice President (EVP) and Chief Financial Officer (CFO), alongside the position of EVP and Chief Commercial and Technical Officer (CCTO).

about 6 months ago
Flex Aurora LNG carrier; Source: Flex LNG
Business Developments & Projects

‘Supermajor’ hires Flex LNG’s vessel on multi-year gig

Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has lined up a new long-term assignment for a six-year-old LNG carrier with an undisclosed company.

about 6 months ago
Vallourec scores five-contract win in Indonesia
Business Developments & Projects

Vallourec scores five-contract win in Indonesia

French provider of tubular solutions Vallourec has secured five contracts for oil country tubular goods (OCTG) products to be delivered in Indonesia. Vallourec signed two contracts in February for 14,000 tons of OCTG products, part of a series of five contracts signed recently with different operato

about 6 months ago
FPSO Fast4Ward design; Source: SBM Offshore
Business Developments & Projects

SBM Offshore’s FPSO deal with ExxonMobil opens FEED gate for Guyana’s oil project

SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has been entrusted with the front end engineering and design (FEED) studies for a floating production, storage, and offloading (FPSO) vessel destined to be deployed at an oil project, w

about 6 months ago
Valaris DS-17 drillship; Source: Valaris
Business Developments & Projects

Valaris drillship spins the drill bit at Equinor’s $9 billion Brazilian gas project

Norway’s state-owned oil and gas giant Equinor has kicked off drilling activities at its natural gas project off the coast of Brazil with a drillship owned by Valaris, a Bermuda-headquartered offshore drilling contractor.

about 6 months ago