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Business Developments & Projects

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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

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
Fast4Ward FPSO design; Source: SBM Offshore
Business Developments & Projects

SBM Offshore places order for 13th multi-purpose floater hull to bolster its FPSO fleet

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has signed off on the construction of its seventh generic Fast4Ward multi-purpose floater (MPF7) hull with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuildin

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: Santos
Business Developments & Projects

Santos seals ten-year gas supply deal

Australia’s energy player Santos has ironed out a decade-long gas supply agreement with the South Australian government.

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
Rendering of Argentina LNG project; Source: YPF
Business Developments & Projects

Eni widens South American footprint with block trio linked to Argentina LNG

Italy’s energy giant Eni has set the wheels in motion to expand its upstream portfolio with three blocks in Argentina, connected to a liquefied natural gas (LNG) export project planned for development in the South American country.

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
FPSO; Source: MODEC
Business Developments & Projects

Halliburton, MODEC’s Shape Digital set on enhancing digital asset performance

U.S.-headquartered oilfield services player Halliburton has joined forces with Shape Digital, a spin-off of Japan’s MODEC, to advance digital asset performance management by integrating subsurface and surface intelligence through a unified asset view.

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
Noble Viking drillship; Source: Noble Corporation
Business Developments & Projects

TotalEnergies and Petronas embark on ‘major’ oil & gas search in Oceania

France’s energy giant TotalEnergies and Malaysia’s Petronas have kicked off a multimillion-dollar oil and gas exploration campaign off the coast of Papua New Guinea, Oceania. The duo is said to be drilling the country’s first ultra-deepwater exploration well in the Gulf of Papua.

about 3 months ago
Aker Solutions has worked with Cenovus on the White Rose field for more than 20 years; Courtesy of Cenovus Energy
Business Developments & Projects

Multimillion-dollar job on offshore platform and FPSO keeps Aker Solutions busy in Canada

Norwegian energy services provider Aker Solutions has been hired on a long-term assignment to handle engineering and maintenance work on assets located approximately 350 kilometers east of St. John’s, Newfoundland and Labrador, Canada.

about 3 months ago
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