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Business Developments & Projects

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Deep Value Driller drillship; Source: Deep Value Driller
Business Developments & Projects

Saipem keeping seventh-gen drillship longer in its rig fleet

Italy’s engineering, drilling, and construction services giant Saipem has prolonged the stay of a chartered seventh-generation drillship in its rig fleet.

about 7 months ago
Large-scale LNG plant within Sakhalin II project; Source: Gazprom
Business Developments & Projects

$11 billion investment agenda on Gazprom’s 2026 horizon

Russia’s energy giant Gazprom has received the blessing from its board of directors for its investment program and budget for next year, which is set at RUB 1.1 trillion (around $11 billion), a decrease from RUB 1.52 trillion (almost $15.22 billion) earmarked for 2025 and the spending of RUB 1.64 tr

about 7 months ago
Beaumont New Ammonia
Business Developments & Projects

Texan facility produces its first ammonia

The Beaumont New Ammonia (BNA) facility, located in southeast Texas, U.S., has produced its first ammonia following the completion of systems testing, representing the first phase of operations commissioning of the facility. Commercial production is expected to begin following handover to Woodside E

about 7 months ago
Trident 16 rig; Source: Ministry of Petroleum and Mineral Resources – Egypt
Business Developments & Projects

Eni going full steam ahead with drilling campaign in Gulf of Suez

As the dash for gas off the coast of Egypt continues to run unabated, the country’s Minister of Petroleum and Mineral Resources has visited the drilling site of the first well in the drilling program, Italy’s energy giant Eni is currently undertaking in the Gulf of Suez with a rig owned by Shelf Dri

about 7 months ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business Developments & Projects

$35 billion gas export deal good to roll

A multibillion-dollar agreement for the export of natural gas from Israel to Egypt is locked and loaded, following the green light from the Israeli government.

about 7 months ago
Illustration; Source: Petronas
Business Developments & Projects

First of four wells in drilling campaign offshore Suriname checked off the list

Petronas Suriname, a subsidiary of Malaysia’s state-owned oil and gas company Petronas, has crossed the finish line for the first in a multi-well drilling campaign off the coast of Suriname.

about 7 months ago
Ireland-Wales interconnector officially marked as priority energy infrastructure project
Business Developments & Projects

Ireland-Wales interconnector officially marked as priority energy infrastructure project

MaresConnect, a 750 MW electricity interconnector that will link Ireland and Wales, has been included in the EU’s second list of Projects of Common/Mutual Interest (PCI/PMI), confirming its status as a priority energy infrastructure project. According to developer MaresConnect Limited, owned by Fore

about 7 months ago
Louisiana LNG
Business Developments & Projects

BOTAŞ and Woodside seal multi-year LNG deal

Türkiye’s state-owned Boru Hatları ile Petrol Taşıma Anonim Şirketi (BOTAŞ) has signed off on a long-term liquefied natural gas (LNG) agreement with Australia’s energy giant Woodside, which is expected to further diversify the energy mix and strengthen the security of supply for Türkiye.

about 7 months ago
PV Drilling IX drilling rig on a specialized transport ship arrived in Vung Tau, Ho Chi Minh City, on the morning of December 25, 2025; Source: PV Drilling
Business Developments & Projects

Drilling ops set for April: Rig ends nearly 13K-nautical mile journey from Europe to Asia

Vietnam’s Petrovietnam Drilling & Well Service Corporation (PV Drilling) has confirmed the arrival of a jack-up drilling rig to Southeast Asia, where it will embark on drilling activities next year.

about 7 months ago
Fugro’s Blue Essence USV performs its first remote survey offshore Germany
Business Developments & Projects

Fugro’s Blue Essence USV performs its first remote survey offshore Germany

The Blue Essence uncrewed surface vessel (USV) owned by the Netherlands-headquartered Fugro has completed its first remote survey in German waters. The 12-meter-long USV delivered the work in collaboration with TenneT Germany. The J-Tube inspection was controlled entirely from Fugro’s onshore remote

about 7 months ago
Corpus Christi LNG Stage 3; Source: Cheniere
Business Developments & Projects

Fourth piece of Cheniere’s multibillion-dollar LNG puzzle crossing the finish line in Texas

U.S. energy player Cheniere Energy has tucked a new milestone under its belt at its liquefied natural gas (LNG) facility, with the substantial completion of the fourth train, which is part of its expansion project on the La Quinta Ship Channel, along the north shore of Corpus Christi Bay in Texas, U

about 7 months ago
Wärtsilä fuel-flexible engines ordered for new Brazilian duo
Business Developments & Projects

Wärtsilä fuel-flexible engines ordered for new Brazilian duo

Finnish technology group Wärtsilä has been appointed by Brazilian operator AMAGGI to supply fuel-flexible engines for two new pusher tugs that are under construction. The vessels are being built at the Beconal shipyard in Manaus, Brazil, and will each operate with two Wärtsilä 20 engines, equipped w

about 7 months ago
Illustration; Source: Baker Hughes
Business Developments & Projects

Baker Hughes enhancing production at oil & gas fields in Middle East

Thanks to a deal with Kuwait Oil Company (KOC), the U.S.-headquartered energy technology giant Baker Hughes is on a mission to help boost production from oil and gas fields in Kuwait, Middle East.

about 7 months ago
UK-Slovenian partnership targets seabed data
Business Developments & Projects

UK-Slovenian partnership targets seabed data

UK-headquartered Ocean Geophysics and Slovenia-based HighTide have entered into a joint venture (JV) agreement to combine their seabed and data solutions for offshore wind, cable and pipeline installation, and oil & gas. As part of the partnership, the renewable energy industry suppliers will combin

about 7 months ago
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