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Business Developments & Projects

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FPSO Triton
Business Developments & Projects

Dana Petroleum puts IKM Testing UK on FPSO shutdown duty in North Sea

IKM Testing UK, an integrated solutions provider within the IKM Group, has got hold of a new offshore assignment with Aberdeen-headquartered Dana Petroleum (E&P) for a floating production, storage, and offloading (FPSO) unit working in the UK sector of the North Sea.

about 6 months ago
SolarDuck: Advisory board to help integrate floating solar tech within CCS and offshore energy sectors
Business Developments & Projects

SolarDuck: Advisory board to help integrate floating solar tech within CCS and offshore energy sectors

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Dutch-Norwegian SolarDuck has launched an advisory board to support the integration of its offshore floating solar technology within the carbon capture and storage (CCS) and wider offshore energy sectors. The board will initially consist of two members, including Neil Kavanagh, formerly Chief Scient

about 6 months ago
Illustration; Credit: Morten Berentsen/NOD
Business Developments & Projects

Cooperation, cost cuts, and new tech keys to unlock oil & gas from tight reservoirs

Given the large quantities of oil and gas in so-called tight reservoirs on the Norwegian Continental Shelf (NCS), the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has shed light on ways to speed up the oil and gas production from tight reservoirs off the coast of N

about 6 months ago
Four more UK-made ROVs to join DOF’s fleet
Business Developments & Projects

Four more UK-made ROVs to join DOF’s fleet

Norwegian vessel owner DOF Group has placed an order with the UK’s Forum Energy Technologies (FET) which covers the delivery of four new-generation work-class remotely operated vehicles (WROVs). Signed in August 2025, the contract includes the delivery of four XLX EVO III ROVs, scheduled for April,

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

Shell tasks Velesto with deepwater ops support in Malaysia

Sabah Shell Petroleum Company (SSPC), the Malaysian business arm of the UK-headquartered energy giant Shell, has hired Velesto Workover, a subsidiary of Malaysia’s Velesto Energy, to assist during its deepwater activities off the coast of Sabah.

about 6 months ago
NKT wins its largest single project award ever with €2.2B contract for UK subsea link
Business Developments & Projects

NKT wins its largest single project award ever with €2.2B contract for UK subsea link

Danish power cable manufacturer and installation firm NKT has signed the firm contract for the Eastern Green Link 3 (EGL3) offshore high-voltage direct current (HVDC) interconnector between Scotland and England, said to be the largest contract for a single cable project in company history. With a va

about 6 months ago
Seaway7 head to take over as Subsea7 CEO retires
Business Developments & Projects

Seaway7 head to take over as Subsea7 CEO retires

Subsea7’s Chief Executive Officer (CEO) John Evans will retire as of July after having been with the company for 40 years, and will be succeeded by the current Seaway7 CEO. Evans has worked for Subsea7 and its predecessor companies for 40 years, having previously been Subsea7 COO for 14 years and CE

about 6 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business Developments & Projects

PRIO gets its hands on operating license for Brazilian subsea tie-back project

Brazilian oil and gas company PRIO, formerly known as PetroRio, has picked up an operating license for a subsea tie-back project in the Campos basin off the coast of Brazil.

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

Singapore firm pens multi-year LNG deal with Venture Global

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a long-term LNG agreement with Singapore-headquartered Trafigura.

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

QatarEnergy turns off LNG and downstream production taps

Qatar’s state-owned oil & gas giant QatarEnergy has opted to clamp down on output by cutting off the production flow of liquefied natural gas (LNG) and associated products in the wake of the attack on Iran, which the U.S. and Israel launched over the weekend.

about 6 months ago
Former UK Trade Commissioner takes newly created Deputy CEO role at JDR
Business Developments & Projects

Former UK Trade Commissioner takes newly created Deputy CEO role at JDR

UK-based manufacturer of subsea and power cables JDR Cable Systems, part of TFKable Group, has appointed former UK Trade Commissioner Jonathan Knott CMG to the newly created role of Deputy Chief Executive Officer (CEO). JDR said that the role had been newly created to support the company’s accelerat

about 6 months ago
Deepsea Bollsta; Source: Odfjell Drilling
Business Developments & Projects

Probe into North Sea rig incident ends

Norway’s state-owned energy giant Equinor has wrapped up its investigation into a well control incident that occurred on a semi-submersible rig working in the Norwegian sector of the North Sea. This incident is classified as being in the company’s highest category of severity.

about 6 months ago
Everllence and Brazil’s Vale sign cooperation agreement for ethanol as marine fuel
Business Developments & Projects

Everllence and Brazil’s Vale sign cooperation agreement for ethanol as marine fuel

Everllence, formerly MAN Energy Solutions, has signed a cooperation agreement with Brazil’s Vale, a mining company and one of the country’s largest logistics operators, for the development of ethanol as a marine fuel. The partners will work on developing an advanced ethanol-powered engine, based on

about 6 months ago
Snorre A platform; Credit: Bo B. Randulff/Even Kleppa/Equinor
Business Developments & Projects

North Sea becomes richer for another oil discovery

Norwegian state-owned energy giant Equinor has found more black gold in the North Sea off the coast of Norway, thanks to drilling activities with one of Odfjell Drilling’s semi-submersible rigs.

about 6 months ago