Business Developments & Projects

ExxonMobil kicks off drilling ops in Brazil with Seadrill drillship
ExxonMobil has started drilling an exploration well on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil.

Hurtigruten initiates its largest environmental ship upgrade program
Norwegian Hurtigruten has begun its environmental ship upgrade program, said to be the largest in its history, to cut CO2 emissions and pursue the zero-emissions goal.

EU fund buys majority stake in Jifmar Offshore Services
European infrastructure fund Marguerite II is set to acquire a 65% stake in France’s Jifmar Offshore Services from RAISE Investissement. Marguerite said it aims to support Jifmar in its transition to next-generation offshore service vessels operations to address the decarbonization challenges of the

Valencia port to host autonomous container transport system
The Port Authority of Valencia (APV) has approved the concession of land for the installation of the prototype of the Sustainable Electric Freight-forwarder (SELF) autonomous container transport system in the Port of Sagunto.

Odfjell Drilling to replace Seadrill as manager for another rig
Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.

Dutch floating solar unit weathers through major North Sea storms intact
A 50kW offshore floating solar system, developed and deployed by Dutch company Oceans of Energy, has withstood the forces of two major storms that hit the North Sea over the past month.

SITC welcomes first dual-fuel LNG-powered boxship
Chinese shipping company SITC International Holdings (SITC) has welcomed its first dual-fuel liquefied natural gas- (LNG) powered containership.

COVE: Nova Scotia ready for vessel electrification
A new study by the Centre for Ocean Ventures & Entrepreneurship (COVE) has shown that Nova Scotia’s ocean sector has significant market potential to develop and deliver vessel electrification and associated technologies.

Participant funding available for Canada’s Ksi Lisims LNG
Impact Assessment Agency of Canada made funding available to help the public and Indigenous groups participate in the impact assessment process for the proposed Ksi Lisims LNG terminal project.

Encouraged by latest discovery, TotalEnergies hopes to find enough oil for first development in Suriname
TotalEnergies and APA Corporation have a significant new oil and associated gas discovery at in the Block 58, offshore Suriname.

Aker Solutions taps PaleBlue for ROV simulator
PaleBlue has delivered a “modern” remotely operated vehicle (ROV) engineering simulator to Norwegian oilfield services provider Aker Solutions. The simulator will be used to help Aker Solutions simulate the behavior of the subsea robots/ROVs in a controlled environment, performing accessibility chec

U.S. national labs seek industry input on infrastructure upgrades for marine energy testing
Several United States’ national laboratories have launched a joint survey to help prioritize the general testing needs of the marine energy industry and subsequent upgrades to their infrastructure.

JERA looks for ammonia suppliers for energy transition
Japanese energy giant JERA is looking for ammonia suppliers conducting an international competitive bid for its procurement.

India launches tender for 100MW floating solar project
Solar Energy Corporation of India (SECI) has opened a tender for the construction and operation of 100MW floating solar plant in eastern India’s state of Jharkhand.