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Business Developments & Projects

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New Bourbon vessel enters into service, first contract in India
Business Developments & Projects

New Bourbon vessel enters into service, first contract in India

Bourbon’s new inspection, maintenance, and repair (IMR) vessel has entered into service and is starting its first long-term contract offshore India. Bourbon Evolution 810 has diesel-electric propulsion, is fitted with two active heave-compensated cranes with lifting capacities of 40 and 150 tons, an

about 2 months ago
FLNG MKII design with 3.5 mtpa; Source: Golar LNG
Business Developments & Projects

Golar LNG raises $600 million loan with FLNG business expansion in mind

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Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, has landed a multimillion-dollar financing to fuel its floating LNG (FLNG) expansion.

about 2 months ago
ExxonMobil picks Sercel technology to support operations offshore Guyana
Business Developments & Projects

ExxonMobil picks Sercel technology to support operations offshore Guyana

ExxonMobil has selected Sercel, Viridien’s sensing and monitoring business line, to deliver a software tool to optimize maritime operations and support pipelay and mooring installation campaigns at a deepwater oil development project offshore Guyana. Under a one-year contract awarded by ExxonMobil G

about 2 months ago
Lucius - Gulf of Mexico
Business Developments & Projects

Navitas broadens its US Gulf portfolio with stakes in two oil discoveries

Israel’s Navitas Petroleum has enlarged its footprint in the Gulf of America (U.S. Gulf of Mexico) by acquiring interests in two oil discoveries.

about 2 months ago
IMR vessel owned by Reach Subsea and Eidesvik finds new owner
Business Developments & Projects

IMR vessel owned by Reach Subsea and Eidesvik finds new owner

Eidesvik Reach, the joint venture of Reach Subsea and Eidesvik Offshore, is selling its 2009-built, 85-meter-long inspection, maintenance and repair (IMR) vessel Viking Reach. The joint venture, in which Eidesvik holds a 50.1% ownership interest and Reach Subsea 49.9%, has entered into a memorandum

about 2 months ago
Noble BlackHornet
Business Developments & Projects

2014-built drillship sports new equipment amid Noble’s upbeat rig market outlook

Noble Corporation, a U.S.-based offshore drilling giant, has fitted one of its drillships with new equipment, reflecting its confidence in a strengthening offshore drilling market and busier years ahead for the global rig fleet.

about 2 months ago
Valaris 249 jack-up rig; Source: Valaris
Business Developments & Projects

Valaris’ 2001-built rig wraps up its gig with BP ahead of schedule

Bermuda-incorporated offshore drilling contractor Valaris has confirmed the completion of its assignment with the UK-headquartered energy giant BP off the coast of Trinidad before the expected timeline.

about 2 months ago
Shell and ONGC to evaluate carbon capture, utilisation and storage potential in India
Business Developments & Projects

India kicks off one of its ‘most challenging’ deepwater oil & gas exploration ops

India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has begun drilling the first deepwater well in Mahanadi Basin off the Asian country’s coast to unlock the nation’s offshore hydrocarbon potential.

about 2 months ago
Illustration; Courtesy of MidOcean Energy
Business Developments & Projects

EIG’s MidOcean Energy lines up new investment as NYK spreads its LNG wings

MidOcean Energy, a liquefied natural gas (LNG) player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG), has secured another investment, which enables Nippon Yusen Kabushiki Kaisha (NYK), Japan’s shipping and logistics major, to widen its LNG footprint.

about 2 months ago
Illustration; Source: Saipem
Business Developments & Projects

Saipem’s merger with Subsea7 clears crucial US antitrust hurdle

Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U.S. antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market

about 2 months ago
Huisman equipment ordered for SBM Offshore and Solstad’s installation vessel
Business Developments & Projects

Huisman equipment ordered for SBM Offshore and Solstad’s installation vessel

Huisman has been selected to deliver advanced lifting and handling systems for an offshore installation vessel being built for the joint venture (JV) of Norwegian Solstad Offshore and Netherlands-based SBM Offshore. Awarded by CIMC Raffles Offshore, the contract will see Huisman deliver an integrate

about 2 months ago
Worley nets renewal deal for Saudi Aramco's offshore portfolio optimisation
Business Developments & Projects

Worley picks up new assignment in Australia

Australia’s engineering firm Worley has won its first major services framework deal with Inpex Operations Australia, a subsidiary of Japan’s Inpex.

about 2 months ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business Developments & Projects

Odfjell Drilling’s 2009-built rig goes back to work after BOP incident-related hiatus

Scotland-headquartered offshore drilling contractor Odfjell Drilling has disclosed the return to work of its 17-year-old semi-submersible, following repairs in the wake of an equipment-handling incident that ended rig activity earlier this year.

about 2 months ago
Subsea7 scores ‘sizeable’ contract in Brunei
Business Developments & Projects

Subsea7 scores ‘sizeable’ contract in Brunei

Subsea7 has secured a contract with Brunei Shell Petroleum (BSP), a joint venture company between the Brunei government and the UK-headquartered Shell, covering subsea installation for a pipeline replacement project offshore Brunei. Subsea7’s scope of work includes the engineering, procurement, cons

about 2 months ago