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Business Developments & Projects

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FPSO Petrojarl Rosebank; Source: Adura
Business Developments & Projects

$11.8 billion North Sea oil & gas project clears key consultation hurdle ahead of government’s final say

Adura, an incorporated joint venture (IJV) between the UK-headquartered Shell and Norway’s Equinor, has confirmed the end of a public consultation period on the development of an oil and gas field in the North Sea. This project on the UK Continental Shelf (UKCS) is now awaiting the UK government’s f

about 1 month ago
Illustration; Source: ADES
Business Developments & Projects

Go-ahead for ADES to restart all suspended offshore rig ops as jack-up market remains tight

ADES Holding Company, an oil and gas drilling services provider that is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restore all temporarily suspended offshore rig operations in Saudi Arabia, as offshore activity across the Gulf Cooperation Council (GCC) region conti

about 1 month ago
Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, visited the production site of Pharaonic Petroleum Company (PhPC) in Port Said Governorate; Source: Egypt’s Ministry of Petroleum and
Business Developments & Projects

Egypt moves to fast-track Mediterranean gas field tie-in in pursuit of production growth

With its sights set on higher domestic gas production, Egypt’s Ministry of Petroleum and Mineral Resources is pushing to accelerate field development in the Eastern Mediterranean waters, as part of its broader efforts to enable upstream growth and achieve its exploration and production plans through

about 1 month ago
Saipem 10000; Source: Saipem
Business Developments & Projects

Saipem’s 26-year-old drillship on completion ops at Eni’s gas well offshore Sicily

Italy’s engineering, drilling, and construction services company Saipem is carrying out completion work with its 2000-built drillship for compatriot energy giant Eni on a gas well off the coast of Sicily, with the campaign scheduled to run through to late September 2026, according to an Italian Coas

about 1 month ago
VARD welcomes NKT’s cable layer to Norway for final outfitting and commissioning
Business Developments & Projects

VARD welcomes NKT’s cable layer to Norway for final outfitting and commissioning

NKT’s new cable-laying vessel (CLV) NKT Eleonora, which will be able to run on both methanol and HVO/marine diesel oil, has arrived from Romania to Norway for the next phase of outfitting and commissioning. The official keel laying for the vessel took place in January 2025, some two months after the

about 1 month ago
NS-42 (ODN-II) drillship; Source: Foresea
Business Developments & Projects

Petrobras widens Brazil’s Equatorial Margin push with hydrocarbon discovery off Amapá

Brazilian state-owned energy giant Petrobras has found hydrocarbons in a frontier well located in ultra-deep waters off the coast of Amapá, deepening Brazil’s Equatorial Margin exploration quest.

about 1 month ago
DOF adds 80 days of subsea work to backlog in Asia-Pacific
Business Developments & Projects

DOF adds 80 days of subsea work to backlog in Asia-Pacific

DOF Group has secured two subsea contract awards in the Asia-Pacific (APAC) region that together have a duration of approximately 80 days. The contracts will use multipurpose vessels and subsea services from the region, including DOF’s in-house project management and engineering, procurement and log

about 1 month ago
Illustration; Source: Shell
Business Developments & Projects

Shell loses five-year legal fight as South Africa’s court sets aside Wild Coast exploration permit

UK-headquartered energy giant Shell has hit a dead end in its plans for oil and gas exploration off South Africa’s Wild Coast, after the Constitutional Court overturned a Supreme Court of Appeal (SCA) order that had kept the project alive, delivering a major victory for environmental groups and loca

about 1 month ago
FPSO P-67 operates on the Tupi field within the ultra-deep pre-salt layer of the Santos Basin, roughly 260 kilometers off the coast of Rio de Janeiro, Brazil; Credit: Andre Motta de Souza/Agencia Petr
Business Developments & Projects

73 years in the making: Petrobras’ oil field exceeds 4 billion barrels as Brazil’s pre-salt turns 20

Brazil’s state-owned energy giant Petrobras has notched a new production milestone, with one of its oil fields surpassing 4 billion barrels of cumulative output as the pre-salt, now entering its third decade, cements its status as the company’s production powerhouse in Brazilian waters.

about 1 month ago
A man climbing down a ladder on an offshore platform
Business Developments & Projects

BP, XRG, and UCC on 4 tcf Venezuelan gas quest as offshore development gathers pace

UK-headquartered energy giant BP and its partners, ADNOC’s XRG and UCC Oil and Gas Holding, have secured a key license off the coast of Venezuela in a push to unlock 4 trillion cubic feet (tcf) of proven gas resources.

about 1 month ago
Golar LNG's FLNG Hilli Episeyo; Credit: Seatrium
Business Developments & Projects

Seatrium lines up third FLNG conversion assignment with Golar LNG

Golar LNG, a Bermuda-headquartered liquefied natural gas (LNG) midstream infrastructure owner and operator, has booked Seatrium, a Singapore-headquartered offshore, maritime, and energy solutions provider, for a potential third floating LNG (FLNG) conversion project.

about 1 month ago
Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios
Business Developments & Projects

Investment approval request submitted for Cyprus-Israel interconnector, project viable in all scenarios

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO), as the project promoter of the Great Sea Interconnector (GSI) that will connect Cyprus and Israel, has submitted an investment approval request to the regulatory authorities of both countries. This is the nec

about 1 month ago
Rendering of Argentina LNG project; Source: YPF
Business Developments & Projects

$51 billion LNG megaproject takes ‘important’ step on path to FID by year-end

A giant multibillion-dollar liquefied natural gas (LNG) export project in South America is laying the groundwork for a final investment decision (FID) by the end of 2026, with the submission of its application to join Argentina’s Large Investment Incentive Regime (RIGI), bringing the country closer

about 1 month ago
Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project
Business Developments & Projects

Breakwater rehabilitation making headway for Portugal’s 1 MW wave energy project

Breakwater rehabilitation works have started in Portugal for Eco Wave Power’s megawatt-scale wave energy project following damage caused by a storm. Administração dos Portos do Douro, Leixões e Viana do Castelo (APDL) is carrying out the rehabilitation works at the Barra do Douro breakwater in Porto

about 1 month ago
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