Business Developments & Projects

Shell bets big on Canada with go-ahead for LNG project expansion, doubling capacity to 28 mtpa

With this expansion move, production capacity at Shell's facility is set to jump to 28 million tons per annum (mtpa) by the early 2030s.

Black Sea mega-project narrows first gas window to early 2027 with work in final execution stage

Positioned to bolster Europe’s energy security, a multibillion-euro gas project is rapidly advancing toward its launch.

New JV set up in Nigeria for work with TotalEnergies and other oil & gas majors

Subsea Micropiles to invest £5 million in expanding manufacturing, offshore ops at Scottish port

Electrical fault triggers oil output deferral and rig intervention plans at Karoon’s Brazilian field

An electrical fault has forced Karoon to throttle back a key well, slashing production outlook and putting a rig-based intervention on the table.

TotalEnergies’ Caspian Sea gas and condensate field expansion is a go

This expansion will boost the overall production to 6 billion cubic meters per annum of gas and 47,000 barrels per day of condensate.

TotalEnergies earmarks annual spend of up to $17 billion over next five years

TotalEnergies aims to keep its oil equivalent production steady at around 3 million barrels per day through 2035.

Southeast Asian oil field development clears key environmental hurdle to move toward FID

Finder Energy is edging closer to a final investment decision (FID) for the development of its offshore oil field in Timor-Leste.

‘Major’ oil & gas player awards Shearwater with three-year contract off South America

North Sea appraisal ops up the oil & gas discoveries’ projected size

Three Norwegian oil and gas players – Aker BP, Equinor, and DNO – have carried out appraisal drilling activities on two hydrocarbon discoveries in the North Sea off the coast of Norway, raising the estimated size of these finds.

Vantris Energy rakes in $441.8 million for Petronas and PTTEP offshore works in Malaysia

Offshore engineering specialist Vantris Energy has fortified its financial pipeline after clinching two major transportation and installation (T&I) deals worth a combined RM1.8 billion ($441.8 million) from Petronas Carigali, a subsidiary of Malaysia’s Petronas, and PTTEP HK Offshore and PTTEP Saraw

CNOOC keeping Worley busy on its North Sea assets for five more years

Australia’s engineering firm Worley has picked up a multi-year renewal of its assignment in the North Sea with CNOOC International, a subsidiary of China’s CNOOC, supporting the operator’s offshore operations on the UK Continental Shelf (UKCS).

Fit-out of NeuConnect’s converter stations in progress

Fit-out works are currently underway on the converter stations in Germany and the UK for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the two countries. The construction of the 24-meter-high, 70-meter-wide converter hall buildings reac

Omega Subsea to mobilize ROV systems on two NKT cable layers

Omega Subsea has secured a five-year agreement with NKT to provide a remotely operated vehicle (ROV) system for the newbuild cable-laying vessel (CLV) NKT Eleonora, following the contract for NKT Victoria reported last June. The agreements are part of a wider investment program as part of which Omeg