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Business Developments & Projects

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Prelude FLNG; Source: Shell
Business Developments & Projects

Shell’s LNG forecast anticipates 65% surge in demand by 2050

UK-headquartered energy giant Shell is expecting an uptick in demand for liquefied natural gas (LNG) to nearly 700 million tonnes a year by 2050, following supply disruptions caused by the conflict in the Middle East, which was cushioned by North American supply growth.

about 3 months ago
PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment
Business Developments & Projects

PTO module assembly starts for BiMEP-destined wave energy unit ahead of October deployment

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The first of three power take-off (PTO) modules for Carnegie Clean Energy’s CETO wave energy converter (WEC) has been delivered to SKF’s manufacturing facility in Germany, where final PTO assembly works are being carried out, before ocean deployment set for October. CETO is a fully submerged, point

about 3 months ago
Atlantic Zonda drillship; Source: Pelago Management
Business Developments & Projects

Vantage and Eldorado merger births ‘enhanced’ offshore drilling player

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has wrapped up its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, establishing what it describes as a scalable offshore drilling platform with “enh

about 3 months ago
Illustration; Source Shell
Business Developments & Projects

Shell puts Chiyoda on support duty for potential upcoming projects

Shell Global Solutions International, a subsidiary of the UK-headquartered energy giant Shell, has hired Japan’s engineering player Chiyoda Corporation to handle engineering and procurement work for its potential future projects around the globe.

about 3 months ago
Cable for Malta’s second interconnector with Sicily ready for installation
Business Developments & Projects

Cable for Malta’s second interconnector with Sicily ready for installation

Nexans has completed the manufacturing and factory acceptance testing (FAT) of 100 kilometers of subsea cable for the second electrical interconnector between Malta and Italy, with the cable now ready for load-out and installation. The IC2 interconnector will consist of a new 122-kilometer-long, 225

about 3 months ago
Deepsea Bergen rig; Source: Odfjell Drilling
Business Developments & Projects

Path clear for Odfjell Drilling’s rig to spud North Sea wildcat in August

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 3 months ago
VARD delivers Japan-bound hybrid construction and cable laying vessel
Business Developments & Projects

VARD delivers Japan-bound hybrid construction and cable laying vessel

Norwegian ship designer and shipbuilder VARD has delivered a 151-meter-long hybrid construction and cable laying vessel (CLV) to Japanese Toyo Construction, destined for Japan’s offshore wind market. The vessel, named Discovery, was delivered on June 26 from Vard Langsten in Norway, where it was out

about 3 months ago
EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’
Business Developments & Projects

EPCI contract with Vår Energi among ‘largest awards in Ocean Installer’s history’

Norway’s Ocean Installer, a wholly owned subsidiary of Moreld Group, has secured a fast-track engineering, procurement, construction and installation (EPCI) contract with Vår Energi to execute all subsea umbilicals, risers, and flowlines (SURF) installation activities for the Balder Next New Wells p

about 3 months ago
A subsea cable stored on a carousel
Business Developments & Projects

Swedes expand cable capacity as part of long-term deal with NKT

Sweden’s Hexatronic Group is investing in a new production line for fiber-optic cables at its largest production site, as part of a long-term supply agreement with Danish power cable manufacturer and installation firm NKT. The new production line at the Hudiksvall facility will more than double the

about 3 months ago
Illustration; Source: Archer
Business Developments & Projects

Archer in talks to cinch large plug & abandonment deal

Oslo Stock Exchange-listed oil services company Archer is involved in negotiations to secure a multi-year plug and abandonment (P&A) assignment.

about 4 months ago
Gjøa; Source: Vår Energi
Business Developments & Projects

TechnipFMC brings integrated approach to Vår Energi’s North Sea subsea projects

Norway’s oil & gas player Vår Energi has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for subsea tie-back development projects in the North Sea. TechnipFMC reported on June 25 the iEPCI contract for the Ofelia and Gjøa Nord projects

about 4 months ago
Aerial view of a vessel at sea
Business Developments & Projects

LNG and decarbonization on Orlen-Naftogaz collaboration’s agenda

Ukraine’s state-owned energy company Naftogaz Group and Poland’s Orlen have teamed up to fortify the liquefied natural gas (LNG) arsenal and efforts to curb greenhouse gas (GHG) emissions in a bid to bolster Ukraine’s energy security and support its energy transition.

about 4 months ago
Platinum Explorer drillship; Source: Vantage Drilling
Business Developments & Projects

Path clears for Vantage Drilling-Eldorado merger with end in sight

Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has confirmed that its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors, is poised to be wrapped up soon.

about 4 months ago
Dutch floating power hub for remote subsea assets secures €3.2M gov’t push
Business Developments & Projects

Dutch floating power hub for remote subsea assets secures €3.2M gov’t push

Dutch offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have secured a €3.2 million subsidy from the Netherlands Enterprise Agency (RVO) to develop an offshore floating power hub for remote subsea assets. The Steady Seas research program will advance t

about 4 months ago