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Business Developments & Projects

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Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

Drilling ops with Saipem rig cleared for take-off in North Sea

Norwegian authorities have given their blessing for exploration drilling activities Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NOC), with a semi-submersible rig owned by Saipem, an Italian engineering, drilling, and construction

about 7 months ago
PSV Viking Princess; Source: Eidesvik
Business Developments & Projects

Oil & gas trio books Eidesvik’s 2013-built LNG-powered vessel

Norwegian offshore vessel owner Eidesvik Offshore has secured more work for one of its platform supply vessels (PSVs).

about 7 months ago
Dutch shipyard to build 24-meter autonomous wind-powered vessel
Business Developments & Projects

Dutch shipyard to build 24-meter autonomous wind-powered vessel

Clippership, a U.S.-headquartered company developing autonomous wind-powered ships, has signed a construction contract for its first 24-meter class zero emission autonomous wind-powered cargo vessel with Dutch shipyard KM Yachtbuilders. The vessel features twin, foldable rigid wings for primary wind

about 7 months ago
A man looking at a large vessel at sea
Business Developments & Projects

Korean player gets hold of interest in Asian offshore block ahead of oil & gas drilling ops

South Korea’s SK Earthon, the energy exploration and production (E&P) subsidiary of SK Innovation, has expanded its offshore acreage in Indonesian waters with a stake in a block, which is expected to see drilling activity before the year ends.

about 7 months ago
GMS Evolution vessel (for illustration purposes); Source: GMS
Business Developments & Projects

Middle East sends its calling card to GMS’ large-class vessel

Gulf Marine Services (GMS), a UAE-headquartered provider of self‐propelled, self‐elevating support vessels for the offshore energy sector, has landed a new long-term assignment for one of its large‐class vessels in the Middle East.

about 7 months ago
Woodside cleared for plug and abandonment off Australia's northwest coast
Business Developments & Projects

Woodside cleared for plug and abandonment off Australia’s northwest coast

Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has given its green light to Woodside Energy for permanent plug and abandonment (P&A) and well intervention activities for subsea wells associated with a gas project situated on the country’s northwest coa

about 7 months ago
Harmony platform; Source: Sable Offshore
Business Developments & Projects

US hands over emergency special permit to Sable Offshore

Sable Offshore, a Texas-headquartered oil and gas company, has received an emergency special permit for Santa Ynez pipeline system segments.

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

Petronas and CNOOC fortify energy bonds with LNG offtake

Petronas LNG, a subsidiary of Malaysia’s state-owned oil and gas heavyweight Petronas, and CNOOC Gas and Power Singapore Trading & Marketing, an affiliate of Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC), have expanded their existing relationship by striking a

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

Wheels up for CB&I to bring Petrofac’s Asset Solutions business into its fold

CB&I, a designer and builder of storage facilities, tanks, and terminals owned by a consortium of financial investors led by Mason Capital Management, has made a play for Petrofac’s Asset Solutions business, a provider of operations, maintenance and decommissioning services for onshore and offshore

about 7 months ago
Shearwater GeoServices’ high-end vessel to welcome New Year in Nigeria
Business Developments & Projects

Shearwater GeoServices’ high-end vessel to welcome New Year in Nigeria

Norwegian Shearwater GeoServices is set to deploy its high-end vessel SW Duchess for a two-month multi-client seismic survey offshore Nigeria at the end of the year. The survey will provide high-resolution subsurface data across the Western Niger Delta Basin, supporting exploration decisions and fut

about 7 months ago
Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Business Developments & Projects

Gas field charting its development course as Aphrodite embarks on FEED journey

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have decided to move forward with a front-end engineering design (FEED) work for an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Mediterra

about 7 months ago
Helix to go on P&A duty in UK North Sea in 2026
Business Developments & Projects

Helix to go on P&A duty in UK North Sea in 2026

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The award came from a “major operator”, as Helix said, and includes the flushing and disconn

about 7 months ago
Prysmian and Eni to recycle plastic cable scrap
Business Developments & Projects

Prysmian and Eni to recycle plastic cable scrap

Italian cabling giant Prysmian and Versalis, the chemical subsidiary of Italian energy giant Eni, have established a strategic partnership to give new life to plastic cable scrap through an innovative chemical recycling process. Srinivas Siripurapu, Chief Sustainability, Innovation and R&D Officer a

about 7 months ago
CG rendering of the FSRU; Courtesy of Hanwha Ocean
Business Developments & Projects

MOL puts financing in place for Singapore’s second LNG terminal

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has struck a finance deal for a floating storage and regasification unit (FSRU), which will be deployed in Singapore, Asia.

about 7 months ago
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