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Business Developments & Projects

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Wales introduces new deal to drive its renewable energy potential
Business Developments & Projects

Wales introduces new deal to drive its renewable energy potential

The Welsh government has launched the Renewable Energy Sector Deal, a strategic partnership between the government and industry, focused on ensuring that Wales meets its renewable energy targets and unlocking the full economic potential of its renewable energy future. Central to the Renewable Energy

about 6 months ago
ACSM’s offshore support vessel undergoing ‘major’ upgrade
Business Developments & Projects

ACSM’s offshore support vessel undergoing ‘major’ upgrade

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ACSM, a Spanish provider of solutions for submarine cable installation, as of recently part of Prysmian Group, is carrying out a major upgrade of its 2003-built offshore support vessel (OSV). According to ACSM’s reports, the OSV Genesis is currently undergoing improvements and upgrades at the shipya

about 6 months ago
Illustration; Courtesy of MidOcean Energy
Business Developments & Projects

Japanese player to pour $500 million into EIG’s LNG business

Tokyo-based Idemitsu Kosan is setting the stage for full-scale entry into the liquefied natural gas (LNG) business with its multimillion-dollar investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

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

Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as

about 6 months ago
MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs
Business Developments & Projects

MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs

Japanese shipping major Mitsui O.S.K. Lines (MOL) is acquiring a stake in Hamburg-based Deutsche Offshore Schifffahrt (DO), a joint venture with Schoeller Holdings, as well as shares in construction commissioning service operation vessels (C-CSOVs) currently under construction. The joint venture bet

about 6 months ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business Developments & Projects

South Asia’s $107 billion LNG gamble facing finance and energy supply threats amid Middle East conflict

With instability and vulnerabilities looming across global markets and power systems in the wake of the U.S. and Israeli attack on Iran, South Asia’s planned multibillion-dollar liquefied natural gas (LNG) infrastructure expansion is exposed to economic and energy security risks, according to Global

about 6 months ago
UK: Lloyd’s Register certifies another remotely operated uncrewed vessel
Business Developments & Projects

UK: Lloyd’s Register certifies another remotely operated uncrewed vessel

Ireland-headquartered XOCEAN has received remotely operated uncrewed vessel (ROUV) certification for its X-30 vessel under the UK Workboat Code Edition 3 (WBC3). XOCEAN reported earlier this month that Lloyd’s Register (LR) had certified its X-30 ROUV under the UK Maritime and Coastguard Agency’s (M

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

Malaysian shipowner scoops up eight new vessel gigs

Keyfield International, a Malaysian fleet owner of offshore vessels, has picked up new assignments across Malaysia, the Middle East, and Thailand for seven accommodation work boats (AWB) and one anchor handling tug supply (AHTS) vessel.

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

Clearance in place for work on Southeast Asian FSRU to move forward

Gas Malaysia, a Malaysian natural gas provider, is all set to proceed with the development of a liquefied natural gas (LNG) regasification terminal project in Yan, Kedah.

about 6 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business Developments & Projects

Missile strikes leave fires and ‘extensive damage’ in its wake at QatarEnergy’s LNG assets

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed missile attacks at multiple liquefied natural gas (LNG) facilities, which sustained significant damage during the assault that left the targeted LNG infrastructure in flames.

about 6 months ago
FPU Jangkrik; Source: Eni
Business Developments & Projects

Two deepwater gas hubs on the Asian energy horizon as Eni unveils FIDs

Italy’s energy giant Eni has taken final investment decisions (FIDs) for two gas projects off the coast of Indonesia, Southeast Asia. The company expects these projects to strengthen not only domestic supply but also LNG exports, while leveraging existing infrastructure to accelerate time to market.

about 6 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Business Developments & Projects

Path clear for Worley to advance second segment of LNG project on US Gulf Coast

Australia’s engineering company Worley has been given the green light to move forward with all works related to the second phase of a liquefied natural gas (LNG) project in Louisiana, which will up the United States’ energy infrastructure ante.

about 6 months ago
FSO Palanca; Source: Stapem Offshore
Business Developments & Projects

Trio enlarges their slices of two Angolan offshore blocks

Three players – the UK-headquartered and AIM-listed Afentra, Etablissements Maurel & Prom S.A. (M&P), and Angola’s national oil company Sonangol E&P – have signed off on the acquisition of the interest Etu Energias holds in two offshore blocks in this country on the western coast of Southern Africa.

about 6 months ago
Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment
Business Developments & Projects

Saipem’s subsea drone clears tests with Petrobras ahead of offshore deployment

Saipem’s underwater inspection drone (UID) FlatFish has completed a test campaign with Brazil’s oil & gas major Petrobras as part of a contract awarded in 2023, ahead of deployment in a real offshore environment. The functional acceptance tests (FAT) were held at Saipem’s underwater drone testing fa

about 6 months ago