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Business Developments & Projects

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Business Developments & Projects

PTTEP, Petronas’ 35-year gas deals bolster Thailand-Malaysia energy security axis

Thailand’s state-owned upstream oil and gas company PTTEP and Malaysia’s national energy company Petronas have signed multi-year production-sharing and gas sales agreements for an offshore development in the Malaysia-Thailand Joint Development Area (MTJA), strengthening the two countries’ long-term

about 1 month ago

Well-Safe Defender rig; Source: Well-Safe Solutions

Business Developments & Projects

Well-Safe and NMC Energy join forces for North Sea decommissioning push

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Aberdeen-based decommissioning services provider Well-Safe Solutions has strengthened its decommissioning offering through a strategic partnership with NMC Energy, combining their subsea, platform interface, and well lifecycle expertise to support major North Sea projects.

about 1 month ago

FPSO Okha processes, stores, and offloads crude oil produced from the subsea wells across the four CWLH offshore fields; Source: Woodside

Business Developments & Projects

Jadestone steps up production restart and development activity across Asia-Pacific

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy is making progress on production restart and development plans across its Asia-Pacific offshore portfolio, with two Australian fields targeted to resume output and a recommended floating production, storage, and offloading (F

about 1 month ago

Business Developments & Projects

Omega Subsea expands Western Norway operations with new Hilleren base

Norway-based Omega Subsea, which provides remotely operated vehicle (ROV), survey, and subsea services to the offshore industry, has struck a deal with Bergen’s Hilleren Navy Supply Park, a subsea-focused maritime and defence cluster near Haakonsvern, to establish a new operational base at the site,

about 1 month ago

Christening ceremony for Petrobras' P-80 and P-82 FPSOs; Source: Seatrium

Business Developments & Projects

Seatrium set for back-to-back FPSO sailaways as duo heads to Petrobras’ Brazilian field within weeks

Singapore-based offshore and marine engineering company Seatrium is poised to achieve what it describes as an industry first with the dual sailaway of two giant floating production, storage, and offloading (FPSO) units, which are slated to depart its Singapore yard within weeks of each other and emb

about 1 month ago

Business Developments & Projects

American Bureau of Shipping subsidiary hit with $59.4M Cotemar claim in New York after two court losses

Mexican offshore services company Cotemar has launched an enforcement action in New York seeking $59.4 million from ABSG Consulting, a U.S. government contractor and subsidiary of American Bureau of Shipping (ABS), after two court victories in Mexico ordering ABSG to pay for work completed more than

about 1 month ago

Illustration of a FSIU in the foreground, receiving cargo from a LCO2 carrier in the background; Courtesy of Yinson Production

Business Developments & Projects

SLB takes on FEED work to advance North Sea CO2 storage project toward FID

U.S.-headquartered technology player SLB has been hired to help move a large-scale CO2 storage project in the Norwegian sector of the North Sea toward a final investment decision (FID), taking on technology and engineering work spanning the concept and front-end engineering and design (FEED) phases,

about 1 month ago

MPSV Astro Aurora; Source: Astro Offshore

Business Developments & Projects

Oceaneering-Astro Offshore pact targets integrated subsea growth

Dubai-based offshore vessel specialist Astro Offshore and Houston-headquartered subsea technology and services provider Oceaneering International are joining forces to target integrated offshore and subsea projects, backed by the addition of the UAE firm’s first DP3 multi-purpose support vessel (MPS

about 1 month ago

Business Developments & Projects

Petrobras awards $62 million job in Brazil to Solstad’s 2008-built CSV

Brazilian state-owned energy company Petrobras has booked an 18-year-old construction support vessel (CSV), owned by Solstad Maritime (SOMA), on a long-term, multimillion-dollar assignment off the coast of Brazil.

about 1 month ago

Business Developments & Projects

NKT brings first cables ashore on €3.1 billion Spain-France power link (Gallery)

first cable pull-ins at Lemóniz in northern Spain, marking what it describes as an important construction milestone on a multibillion-euro interconnector, which will increase electricity exchange capacity between Spain and France from 2.8 GW to 5 GW.

about 1 month ago

Business Developments & Projects

Three-field FPSO tie-back starts flowing oil a year early, unlocking 120 million Norwegian barrels

Norway’s oil and gas company Aker BP has kicked off production from three fields in the Norwegian Sea, bringing the developments on stream a year ahead of schedule and adding around 120 million barrels of recoverable oil equivalent to the resource base on the Norwegian Continental Shelf (NCS).

about 1 month ago

Troll A platform; Source: Jan Arne Wold/Equinor

Business Developments & Projects

30-year-old North Sea project gets gas boost with early start to its next chapter

With three decades under its belt, a giant gas project is getting a new lease of life, as the latest phase of its development begins production ahead of schedule, accelerating the delivery of 55 billion cubic meters (bcm) of gas to Europe.

about 1 month ago

Flex2future S1 unit in the Ocean Basin Laboratory at SINTEF Ocean, being tested under extreme conditions; Credit: Pål Leraand/SINTEF

Business Developments & Projects

Flex2Future advances floating wave, wind and solar platform toward pre-2030 demo

Flex2Future, a Norwegian technology company developing floating offshore energy systems that combine wind, wave and solar power on a single platform, has wrapped up an extensive model testing campaign in Norway, putting its floating wave, wind and solar energy platform concept through simulated offs

about 1 month ago

Well-Safe Protector rig; Source: Spirit Energy

Business Developments & Projects

WATCH: North Sea decom campaign retires trio of gas wells in UK waters

Spirit Energy, a North Sea operator, has finished a multimillion-dollar decommissioning campaign in the UK sector of the North Sea, plugging and abandoning (P&A) three gas wells that have reached the end of their productive lives and removing more than 234 tons of subsea infrastructure.

about 1 month ago