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Business Developments & Projects

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Subsea7 gets to work offshore Egypt under ‘sizeable’ contract
Business Developments & Projects

Subsea7 gets to work offshore Egypt under ‘sizeable’ contract

Subsea7 has secured an engineering, procurement, commissioning and installation (EPCI) contract offshore Egypt for flexible pipelines, umbilicals, and associated subsea components for a tie-back to existing infrastructure. Subsea7 said the contract was a sizeable one, meaning it is worth between $50

about 1 year ago
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Business Developments & Projects

Seaturns raises €2.45 million to launch full-scale wave energy demonstrator

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French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan

about 1 year ago
Valaris-DS-18
Business Developments & Projects

Valaris lands $760 million gigs for rig duo in US Gulf

Bermuda-headquartered offshore drilling contractor Valaris Limited has won a contract extension for one drillship and a new contract for another with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America.

about 1 year ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business Developments & Projects

Satellite down for the count but fight against methane in oil & gas realm will go on

MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.

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

25-year PSC chapter paving the way for gas development offshore Vietnam

Perenco has pinpointed a new production sharing contract (PSC) for an offshore block as a stepping stone toward a final investment decision (FID) for the development of a gas and condensate field off the coast of Vietnam, Southeast Asia.

about 1 year ago
Borr Drilling
Business Developments & Projects

Borr Drilling sets the stage for liquidity boost and CEO succession

Borr Drilling, an offshore drilling player, has taken steps to strengthen its balance sheet for continued growth, with a financing package, and revealed its Chief Executive Officer (CEO) succession plan.

about 1 year ago
An offshore platform
Business Developments & Projects

Brazilian player’s offshore output grows, setting new production benchmarks

Brazilian energy player Brava Energia has registered an increase in output from its assets offshore Brazil.

about 1 year ago
Sinopec's floating offshore solar
Business Developments & Projects

Sinopec launches first floating offshore solar plant in China’s seawater zone

China Petroleum & Chemical Corporation (Sinopec), together with Shandong Province and Qingdao Municipality, has commenced operations of China’s first commercial floating offshore photovoltaic (PV) project in a full-seawater environment. According to Sinopec, the project integrates a previously inst

about 1 year ago
WSS to accelerate electrification as newest member of Maritime Battery Forum
Business Developments & Projects

WSS to accelerate electrification as newest member of Maritime Battery Forum

Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) has joined the Maritime Battery Forum (MBF), a global community of maritime battery enablers, to drive adoption of clean energy and accelerate electrification in the maritime sector.

about 1 year ago
Stena Line: 2002-built Stena Foreteller fit for future after ‘major’ conversion
Business Developments & Projects

Stena Line: 2002-built Stena Foreteller fit for future after ‘major’ conversion

Swedish supplier of roll-on/roll-off (RoRo) vessels and services, Stena RoRo, has completed the reconstruction of Stena Line’s 2002-built vessel to increase its capacity and enhance efficiency for reduced CO2 emissions.

about 1 year ago
An offshore rig illuminated by lights at sunset
Business Developments & Projects

Australia ups decarbonization ante: First offshore CCS undertaking gets major project status

As the global energy transition journey continues to make inroads, a carbon capture and storage (CCS) project in the G-7-AP greenhouse gas (GHG) assessment block off the northwestern coast of the Northern Territory of Australia has secured the Australian government’s backing with the award of a majo

about 1 year ago
EDrill-2 rig
Business Developments & Projects

PTTEP books Energy Drilling’s rig for offshore campaign

Singapore’s tender-assisted drilling provider Energy Drilling, a wholly owned subsidiary of SED Energy Holdings, has signed a five-year contract with Thailand’s national oil and gas company PTT Exploration and Production Public Company Limited (PTTEP) for an offshore drilling campaign.

about 1 year ago
China's state-owned electric utility completes purchase of stake in Greek TSO's subsidiary
Business Developments & Projects

Chinese utility company completes purchase of stake in Greek TSO’s subsidiary

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
Business Developments & Projects

EU rolls out hydrogen mechanism to support market uptake

The European Commission has launched the Hydrogen Mechanism under the European Union (EU) Energy and Raw Materials Platform, aimed at supporting the market development of renewable and low-carbon hydrogen and its derivatives, including ammonia, methanol, and electro-based sustainable aviation fuel (

about 1 year ago