Business Developments & Projects

Vaalco brings online the first of four wells in Gabon drilling campaign
Vaalco Energy has completed its first well of four wells in the 2021/2022 drilling campaign offshore Gabon.

Canada: Prince Rupert Port, DP World to make west coast supply chains future-proof
Dubai-based port operator DP World and Canada’s Prince Rupert Port Authority (PRPA) have announced updates to several critical infrastructure projects that will make Canada’s west coast more resilient to future supply chain challenges.

Phase 2 of Keraudren Extension 3D seismic survey begins
Shearwater Geoservices’ Geo Coral has commenced the Keraudren Extension Phase II (KE2) 3D seismic survey in the Bedout Basin offshore Australia. KE2 will cover approximately 650 km² and will fill in the northern area of the Keraudren Extension Survey, which was initially acquired in mid-2021, accord

Aker, Dan-Unity join forces for maritime CO2 transport
Norwegian Aker Carbon Capture and Danish Dan-Unity CO2 have signed a collaboration agreement to develop flexible CO2 transport solutions, aiming to establish a full carbon capture, utilization and storage (CCUS) value chain.

Ex-Qatari Investors Group CFO joins GMS
GMS has appointed a former CFO of the Qatari Investors Group as its new CFO, since, its current CFO has decided to step down from the role.

U.S. offshore rig count slips down a few notches
After remaining unchanged for two weeks in a row, the number of offshore rigs in the U.S. fell down to 16 units last week.

In focus: highlights from an industry in change
The world is changing fast and the offshore energy industry goes along with it.

‘A new dawn’ for Namibia as Shell finds oil in deepwater well
Oil and gas giant Shell has made an oil discovery in its exploration well in the Orange Basin offshore Namibia.

Shell says Prelude FLNG will remain closed in Q1 2022
Shell CEO Ben van Beurden said that the Prelude FLNG facility in Western Australia will remain closed for most of the first quarter of 2022.

ABPmer undertakes seabed assessment for Awel y Môr OWF
RWE Renewables has selected ABPmer, a marine consultancy and survey firm, to support the design of the Awel y Môr offshore wind farm in the Irish Sea.

FAR shareholder turns down ‘wholly inadequate’ takeover bid
Following an off-market takeover bid from Samuel Terry Asset Management, one of FAR’s shareholders has repudiated the offer.

DOF Subsea scores “very important win” with ExxonMobil
DOF Subsea Australia has signed a second long-term contract with ExxonMobil’s affiliate, Esso Australia, to provide a multi-purpose supply vessel (MPSV).

Brand new 14.7MWp floating solar plant emerges in France
Canadian renewable energy developer Boralex has commissioned its first floating solar farm in southern France.

Danish consortium accelerates offshore wind-powered clean fuel project, eyes green jet fuel production by 2025
The partnership behind the Power-to-X project ‘Green Fuels for Denmark’ has decided to bring forward parts of the project two years earlier than previously planned. The new plan involves rolling out 100 MW of the project’s originally planned second phase’s 250 MW electrolysis in 2025 instead of 2027