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Business Developments & Projects

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Drydocks World and Dixstone shake hands on FSU conversion deal; Courtesy of Drydocks World
Business Developments & Projects

Drydocks World in charge of LNG vessel’s rebirth as FSU

UAE-headquartered marine and offshore services provider Drydocks World Dubai, a part of DP World, has augmented its liquefied natural gas (LNG) conversion portfolio with a new refurbishment task that will allow it to give an LNG carrier a new lease on life as a floating storage unit (FSU).

about 6 months ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business Developments & Projects

ADNOC casts the die for gas project as FID seals path to development

The UAE’s energy heavyweight Abu Dhabi National Oil Company (ADNOC) has put the pen to paper for its ambition to boost its natural gas arsenal by propelling a gas project off the coast of Abu Dhabi, UEA, into execution phase with a final investment decision (FID).

about 6 months ago
Alaska LNG
Business Developments & Projects

North America’s $44 billion LNG development to power Alaska’s gold mine

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has set the wheels in motion to secure a new deal for its liquefied natural gas (LNG) export development in Alaska by signing a non-binding letter of intent (LOI) with Donlin Gold, the developer of a mine with the same name owned by NOVAGOLD RES

about 6 months ago
Port of Rotterdam: ABB to power world’s largest shore power project
Business Developments & Projects

Port of Rotterdam: ABB to power world’s largest shore power project

ABB has secured contracts with Rotterdam Shore Power (RSP), a joint venture of Port of Rotterdam and Eneco, to engineer and construct shore power systems comprising multiple installations for the Port of Rotterdam. Based on the total capacity of over 100 megavolt-amperes (MVA), the combined shore po

about 6 months ago
Kristin platform; Credit: Marit Hommedal/Equinor
Business Developments & Projects

Norway marks its second best oil & gas exploration year in decade

As the global oil and gas industry continues to seek more hydrocarbons to replace depleting reserves, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has highlighted the country’s exploration results in 2025 as being among the best in several years.

about 6 months ago
Normand Turquesa vessel at sea
Business Developments & Projects

Petrobras keeps Solstad’s 2007-built vessel busy for another year

Brazil’s state-owned energy giant Petrobras has prolonged a contract of an anchor handling tug supply (AHTS) vessel, owned by Solstad Offshore, a Norwegian shipping company.

about 6 months ago
Aker Solutions cuts workforce and capacity due to lower activity outlook
Business Developments & Projects

Aker Solutions cuts workforce and capacity due to lower activity outlook

Norwegian energy services provider Aker Solutions is set to make workforce and capacity cuts as a response to an anticipated decrease in activity levels this year. After several years of record-high workload, Aker Solutions announced yesterday, January 7, that it expects activity levels to decrease

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

Norwegian player scores new gig on Odfjell Drilling-managed rig

Norway-based cleantech service provider Soiltech has won a new assignment to perform fluid treatment and other services on a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 6 months ago
Singapore’s first electric tug commissioned ahead of deployment in April
Business Developments & Projects

Singapore’s first electric tug commissioned ahead of April deployment

Singapore’s first electric tug, built by PaxOcean Group and powered by ABB, has completed commissioning ahead of expected deployment in April 2026. The fully electric tug PXO-ACE-1 is the first of its kind to be built and operated in Singapore as part of the Maritime and Port Authority of Singapore’

about 6 months ago
Aker Solutions
Business Developments & Projects

Up to $1.2 billion in Aker Solutions’ bag as new deals with Equinor come in

Aker Solutions, a Norway-based energy services provider, has sealed multiple long-term assignments with Equinor, a compatriot state-owned energy giant.

about 6 months ago
South Korean duo working together to globalize HVDC asset management solutions
Business Developments & Projects

South Korean duo working together to globalize HVDC asset management solutions

South Korean LS Cable & System and Korea Electric Power Corporation (KEPCO) have entered into a strategic agreement to jointly commercialize and globalize an advanced HVDC asset management system. The partnership integrates KEPCO’s Smart Fault Locator – Real Time (SFL-R) technology into LS Cable & S

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

Southeast Asia richer for its ‘biggest’ black gold find in two decades and third largest since 2000

With the appraisal insights regarding an oil find offshore Vietnam coming to light, Wood Mackenzie, an energy intelligence group, has labeled this hydrocarbon exploration success as “the biggest oil discovery in Southeast Asia of the last 20 years,” perceived to offer a potential lifeline to Vietnam

about 6 months ago
An offshore rig
Business Developments & Projects

Golden Sea Lion roars with appraisal success at oil discovery offshore Southeast Asia

Houston-based oil and gas company Murphy Oil has achieved a new appraisal milestone related to an oil find in the Cuu Long Basin approximately 40 miles off the coast of Vietnam, Southeast Asia. This move is perceived to have unlocked significant resource upside.

about 6 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business Developments & Projects

Evaluation coming up next to shed light on early indications of gas presence offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has intersected gas in Waarre reservoirs during drilling activities at a well in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling play

about 6 months ago
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