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Business Developments & Projects

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Valaris DS-15 drillship; Source: Valaris
Business Developments & Projects

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

about 1 year ago
UK
Business Developments & Projects

UK chooses winners of Clean Maritime Demonstration Competition 6

The UK government has allocated a £30 million (about €34.4 million) funding to decarbonize shipping and power up local economies.

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about 1 year ago
Production capacity of 1.3 million barrels of oil per day expected by the end of 2027 offshore Guyana; Source: ExxonMobil
Business Developments & Projects

As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next

Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron to expand its oil and gas arsenal, with four regions pinpointed as the ones where this merger

about 1 year ago
Malaysia's Sapura Energy nets $118M in contracts with long-term Thai clients
Business Developments & Projects

Malaysia’s Sapura Energy nets $118M in contracts with long-term Thai clients

Malaysian oil & gas services provider Sapura Energy has secured new contracts with Chevron’s Thailand subsidiaries, as well as with Thai national oil & gas company PTT Exploration and Production (PTTEP), that together have a value of over RM 500 million (roughly $118 million). The contracts with the

about 1 year ago
floating solar plant. Source: Mowi
Business Developments & Projects

Floating solar-powered system replaces diesel at salmon pen in Chile

Mowi Chile has rolled out its first low-emission salmon farming installation at the Huar Norte site, integrating a floating solar-powered pen system developed in collaboration with AKVA group. The hybrid system replaces part of the site’s diesel usage with solar energy, targeting a reduction of appr

about 1 year ago
Offshore platforms
Business Developments & Projects

Valeura Energy strikes a deal with PTTEP to expand its Thai oil & gas footprint

Canada-based Valeura Energy, an oil and gas company, has made a move to acquire partial stakes from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP), in two offshore blocks off the coast of Thailand.

about 1 year ago
MSC
Business Developments & Projects

MSC orders another batch of LNG-fueled boxships in China

Switzerland-based container shipping and logistics giant MSC Mediterranean Shipping Company has signed contracts for the construction of up to twelve liquefied natural gas (LNG) dual-fuel and LNG-capable containerships.

about 1 year ago
Robert Allan to design electric tug for China’s Tianjin Port
Business Developments & Projects

Robert Allan to design electric tug for China’s Tianjin Port

Canadian naval architecture company Robert Allan has been commissioned to design a battery-electric tug for Tianjin Port in Northern China.

about 1 year ago
llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)
Business Developments & Projects

‘Double-edged sword for marine energy sector’: UK releases Allocation Round 7 notices

The UK’s Department for Energy Security and Net Zero has issued the statutory notices for Allocation Round 7 (AR7) and Allocation Round 7a (AR7a) on July 23, 2025, confirming changes to pricing and contract structure under the Contracts for Difference (CfD) scheme. For the first time, separate indic

about 1 year ago
North Falls survey
Business Developments & Projects

Survey to soon start at SSE and RWE’s North Falls offshore wind farm site

Geotechnical survey work will soon commence along the North Falls export cable route and wind turbine array area in the southern North Sea. Mobilisation will commence on August 3, with the survey lasting approximately two months. The planned survey is expected to conclude no later than September 30,

about 1 year ago
Illustration; Source: PTTEP
Business Developments & Projects

PTTEP enlarges gas portfolio in Southeast Asia with new acquisition

PTTEP, Thailand’s national oil and gas player, has made a play for a stake, which Hess Corporation, now part of Chevron, holds in the Malaysia-Thailand Joint Development Area (MTJDA).

about 1 year ago
Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam
Business Developments & Projects

Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam

Air Liquide has taken the final investment decision (FID) to launch the construction of ELYgator, a 200 MW electrolyzer project in Maasvlakte, at the Port of Rotterdam, the Netherlands.

about 1 year ago
LNG carrier Al Mas’habiyyah
Business Developments & Projects

New China-built LNG vessel named ahead of QatarEnergy charter

China LNG Shipping (Holdings) Limited has held a naming ceremony for a liquefied natural gas (LNG) carrier that will join Qatar Energy’s fleet at Hudong Shipyard in Shanghai, China.

about 1 year ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business Developments & Projects

Eco Wave Power to assess wave energy potential in South Africa

Wave energy developer Eco Wave Power has signed an agreement with Africa Great Future Development (AGFDL) to conduct a feasibility study for a potential wave energy project at the Port of Ngqura in South Africa. According to Eco Wave Power, the agreement marks the company’s first move into the Afric

about 1 year ago