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Business Developments & Projects

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Illustration; Source: North Sea Transition Authority (NSTA)
Business Developments & Projects

North Sea well interventions unlock multi-million-barrel boost as exploration drilling dries up

The UK’s offshore energy regulator, the North Sea Transition Authority (NSTA), has revealed that 56 North Sea wells returned to production last year, with more cost-efficient well interventions helping operators deliver 16 million barrels of oil (boe) from shut-in wells on the UK Continental Shelf (

about 2 months ago
Shah Deniz; Source: BP Turan Drilling & Engineering
Business Developments & Projects
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BP entrusts Emerson with automation job on Caspian Sea gas project

UK-headquartered energy giant BP has tasked Emerson with the provision of automation and control systems for an unmanned offshore platform that will be part of the next development phase of a giant natural gas field in the Caspian Sea, described as one of the world’s largest gas-condensate fields an

about 2 months ago
Man looking at an offshore platform
Business Developments & Projects

Expro scores ‘major’ North Sea plug and abandonment win in UK waters

U.S.-headquartered energy services provider Expro has lined up a new deal for a well abandonment program in the North Sea with an undisclosed oil and gas operator on the UK Continental Shelf (UKCS).

about 2 months ago
Scarabeo 8; Source: Saipem
Business Developments & Projects

Aker BP and Equinor’s latest North Sea wildcat drilling yields no hydrocarbon find

Norway’s oil and gas company Aker BP and its compatriot state-owned partner, Equinor, have come up dry in their latest North Sea exploration well on the Norwegian Continental Shelf (NCS).

about 2 months ago
BOKA Alpine and BOKA Glacier tugs towed the FPSO Cidade de Niterói (MV18) from Brazil to Denmark; Source: Boskalis
Business Developments & Projects

Boskalis’ vessel duo pulls off Brazil-to-Denmark tow of MODEC’s FPSO (Gallery)

Two ocean-going tugs from the fleet operated by Boskalis, a Dutch offshore services provider, have undertaken a floating production, storage, and offloading (FPSO) tow mission across the Atlantic.

about 2 months ago
Minesto's Dragon 4 tidal energy kite (Courtesy of Minesto)
Business Developments & Projects

Dragon roars with record power in Faroe Islands: Minesto hits new tidal energy output milestone

Swedish tidal energy developer Minesto has revealed an electricity generation record in the Faroe Islands, where its tidal power plant set a new production record over the summer, after being upgraded with a new power-take-off (PTO) system that improves energy output throughout the tidal flow cycle.

about 2 months ago
MV Island Captain; Source: SLB
Business Developments & Projects

Vessel upgrade on the agenda: SLB, Equinor strike multi-year deal to unlock Norway’s tight offshore reservoirs

U.S.-headquartered technology player SLB has signed off on a long-term stimulation assignment on the Norwegian Continental Shelf (NCS) with Norway’s state-owned energy giant Equinor.

about 2 months ago
Noble Interceptor rig; Source: Noble Corporation
Business Developments & Projects

Noble’s 2014-built jack-up rig scoops up new P&A job with ConocoPhillips

Noble Corporation, a U.S.-based offshore drilling giant, has lined up a new assignment for a 12-year-old jack-up rig off the coast of Norway with ConocoPhillips Skandinavia, a subsidiary of the U.S.-headquartered energy company ConocoPhillips.

about 2 months ago
Rendering of Argent LNG tanks and a vessel
Business Developments & Projects

Transgaz-Argent LNG MOU advances US gas route to Central and Eastern Europe

Romania’s national natural gas transmission system operator (TSO) Transgaz has deepened its U.S. liquefied natural gas (LNG) ties through a memorandum of understanding (MOU) with Argent LNG, a U.S.-based LNG export developer headquartered in Louisiana, in a push to diversify regional energy supply b

about 2 months ago
UK to get extreme environment center for subsea technology testing
Business Developments & Projects

UK to get extreme environment center for subsea technology testing

A £150 million (around €175.6 million) extreme environment center capable of simulating currents, waves and wind is planned to be built in the UK, enabling the testing of technologies in realistic simulated conditions for the subsea and offshore wind markets, among other things. Being developed by N

about 2 months ago
Bruce field - Serica
Business Developments & Projects

Serica targets production growth with North Sea drilling campaign of up to six wells

UK-based upstream oil and gas player Serica Energy is setting the stage to ink a rig deal for its planned multi-well drilling program in the UK sector of the North Sea to achieve high-impact organic production growth.

about 2 months ago
LNG carrier Simaisa; Source: Exmar
Business Developments & Projects

Exmar enriching LNG bunkering market with floating transshipment unit

Belgian shipping company Exmar has taken delivery of a liquefied natural gas (LNG) carrier (LNGC), which will be upgraded to function as a floating transshipment unit (FTU), dedicated to the LNG bunkering market.

about 2 months ago
Prysmian buys Scottish training facility for cable jointers
Business Developments & Projects

Prysmian buys Scottish training facility for cable jointers

Italian cabling company Prysmian has acquired a training facility for high-voltage cable jointers in Scotland, bringing on board over 20 apprentice jointers and experienced training staff. Located in North Ayrshire, the academy will support installation and inspection, maintenance and repair (IMR) o

about 2 months ago
FPSO Western Isles; Source: NEO Energy
Business Developments & Projects

License alignment buys time to pick production solution for new UK North Sea oil hub

As the UK regulator has decided to prolong a license in alignment with another one in the area to pave the way for an integrated development plan, Aberdeen-based full-cycle energy business NEO NEXT Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are expected to contemplate all ava

about 2 months ago