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Business Developments & Projects

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Energy Efficiency & InnovationEnergy TransitionFiltration & SeparationFossil EnergyFPSO & VesselsGreen MarineLow-Carbon TransitionBusiness & FinanceOutlook & StrategyProject & TendersVesselsOil & GasSubseaSurveys & InterventionsCarbon Capture Usage & StorageEnvironmentStorageTransitionVisionClean FuelLiquefied Natural GasOther FuelsExploration & ProductionAlternative FuelsMethanolCollaborationRigsCertification & ClassificationCablingInterconnectorsAuthorities & GovernmentInfrastructureRegulation & Policy
SBM Offshore subsidiary to design CO2 transport and injection solution for Southern North Sea
Business Developments & Projects

SBM Offshore subsidiary to design CO2 transport and injection solution for Southern North Sea

IMODCO Terminals, a subsidiary of the Netherlands-headquartered SBM Offshore, has secured a front-end engineering design (FEED) contract with Carbon Collectors for the development of an offshore CO2 transport and injection solution in the Southern North Sea. The nine‑month FEED will define the desig

about 8 months ago
North Sea gas wells ready for CO2 storage as part of Dutch Porthos project
Business Developments & Projects
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North Sea gas wells ready for CO2 storage as part of Dutch Porthos project

Four North Sea gas production wells have officially been converted to CO2 injection wells as part of the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project in the Netherlands, marking their readiness for CO2 injection, expected in autumn. This first large-scale CO2 transport

about 8 months ago
Gorgon project; Source: Chevron
Business Developments & Projects

Chevron marks 2,000th LNG cargo from Australian gas project

Chevron Australia, a subsidiary of the U.S. oil and gas giant Chevron, has celebrated a new achievement at its giant gas project off the northwest coast of Western Australia (WA), with another liquefied natural gas (LNG) cargo.

about 8 months ago
Tripartite partnership in Hong Kong targets hydrogen and green methanol
Business Developments & Projects

Tripartite partnership in Hong Kong targets hydrogen and green methanol

The Hong Kong and China Gas Company Limited (Towngas), Sinopec (Hong Kong) and Sinopec Star Company have signed a memorandum of understanding (MoU) to establish a strategic partnership to collaborate on clean energy solutions, including hydrogen and green fuels, among other things. The tripartite pa

about 8 months ago
Stena Evolution drillship; Source: Stena Drilling
Business Developments & Projects

Stena Drilling ups GHG abatement ante as 2024-built drillship gets DNV’s notation

Scotland-headquartered offshore drilling contractor Stena Drilling has received DNV’s Abate (P+) notation for one of its drillships, underscoring the rig owner’s efforts to cut greenhouse gas (GHG) emissions across its operations.

about 8 months ago
BW Energy
Business Developments & Projects

African multi-well offshore drilling campaign on BW Energy’s agenda in July

Oslo-listed oil and gas E&P player BW Energy has made further progress in preparations for its planned drilling program off the coast of Gabon.

about 8 months ago
Fugro’s jack-up platform starts surveys for Western Isles subsea link
Business Developments & Projects

Fugro’s jack-up platform starts surveys for Western Isles subsea link

Dutch Fugro has commenced integrated site investigations for a power transmission link that will connect the Scottish Western Isles to the UK national electricity transmission network for the first time. Fugro is carrying out nearshore surveys for SSEN Transmission’s 1.8 GW Western Isles high-voltag

about 8 months ago
FPSO One Guyana; Source: SBM Offshore
Business Developments & Projects

ExxonMobil pays $2.32 billion for Guyana-based FPSO, SBM Offshore remains in charge of ops

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, and ExxonMobil Guyana, a subsidiary of the U.S.-headquartered energy giant ExxonMobil, have wrapped up the change of ownership process for a floating production, stora

about 8 months ago
Work begins on 203-kilometer Scottish HVDC transmission link
Business Developments & Projects

Work begins on 203-kilometer Scottish HVDC transmission link

Both onshore and offshore enabling works have commenced for the development of the 2 GW Spittal to Peterhead subsea cable link project in Scotland, which will support national clean power and energy security ambitions. The 203-kilometer high-voltage direct current (HVDC) link will connect the Bannis

about 8 months ago
Noble Globetrotter I drillship; Source: Noble
Business Developments & Projects

Drilling yields ‘non-significant’ gas shows, next Black Sea well to be spud soon

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, which have drilled a dry hole in the Bulgarian sector of the Black Sea, are weeks away from drilling another well.

about 8 months ago
Illustration. Source: BOEM
Business Developments & Projects

15,066 blocks up for grabs in next US offshore oil & gas lease sale

The U.S. Bureau of Ocean Energy Management (BOEM) has taken further steps to conduct the second offshore oil and gas lease sale under the One Big Beautiful Bill Act, which encompasses thirty Gulf of America (U.S. Gulf of Mexico) oil and gas lease sales.

about 8 months ago
Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund
Business Developments & Projects

Two final bids in the run for Denmark’s €3.84 billion carbon capture and storage fund

The Danish Energy Agency has received two final bids for the DKK 28.7 billion (around €3.84 billion) fund for carbon capture and storage (CCS) aimed at helping the country reach its climate goals. Sixteen projects applied to be prequalified for this third CCS pool, of which ten were prequalified in

about 8 months ago
Illustration; Source: Shell
Business Developments & Projects

Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm

Shell has struck a deal to offload a minor interest in an oil and gas development off the coast of Brazil to Energy Development Corporation (EDC), an affiliate of Kuwait Foreign Petroleum Exploration Company (KUFPEC), which is a subsidiary of Kuwait Petroleum Corporation (KPC).

about 8 months ago
Floatel Victory
Business Developments & Projects

Floatel puts the seal on 2013-built vessel’s job with Brazilian oil & gas player

Floatel International, an offshore accommodation provider, has hammered out an assignment for a 13-year-old semi-submersible accommodation and construction support unit with Brazil’s Brava Energia.

about 8 months ago