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Business Developments & Projects

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Ran jack-up rig; Source: FOSS & ESG; Credit: Borr Drilling
Business Developments & Projects

Borr Drilling’s rig quartet lines up work in four corners of the world

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has landed new drilling assignments for multiple premium jack-up rigs, spanning four continents: Africa, Asia, Europe, and the Americas.

about 6 months ago
Noble Globetrotter I drillship; Source: Noble
Business Developments & Projects

No ‘significant’ gas volumes in Black Sea exploration well

OMV Offshore Bulgaria, an affiliate of Southeastern Europe’s integrated energy player OMV Petrom, NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, and Bulgarian Energy Holding EA have drilled a second exploration well in the Black Sea off the coast of Bulgaria.

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about 6 months ago
First Malta-Italy interconnector back in service after works on second link demanded shutdown
Business Developments & Projects

First Malta-Italy interconnector back in service after works on second link demanded shutdown

The first interconnector between Italy and Malta has returned to operation after it was shut down due to work on the second interconnector that will connect the two countries. As announced on March 28, the scheduled intervention required the temporary suspension of IC1 to allow for the safe reroutin

about 6 months ago
A map showing LionLink interconnector location
Business Developments & Projects

TenneT, National Grid ink joint development agreement for LionLink interconnector

Transmission system operators (TSOs) TenneT and National Grid Ventures (NGV) have signed a joint development agreement (JDA) to advance LionLink, a hybrid interconnector linking the UK and the Netherlands via a future offshore wind farm in the Dutch North Sea. The agreement sets out how the two part

about 6 months ago
Tidewater
Business Developments & Projects

ABL supporting Tidewater’s vessels in Mediterranean, Black Sea, and wider Europe

ABL’s Egyptian operation, part of Oslo-listed global consultancy ABL Group, has sealed a new deal with Tidewater Marine Egypt, a subsidiary of Tidewater, to provide certain services to the fleet owner and operator’s offshore support vessels (OSVs) working in the Egyptian part of the Mediterranean Se

about 6 months ago
DroneQ Robotics gets exclusive rights to use 2014-built research vessel
Business Developments & Projects

DroneQ Robotics gets exclusive rights to use 2014-built research vessel

Dutch advanced unmanned robotics services provider DroneQ Robotics has received exclusive rights to deploy Mark Offshore’s research and survey vessel for its own and third-party projects. This comes as Dutch Mark Offshore signed an agreement with Lithuania’s Klaipėda University to handle the managem

about 6 months ago
Soil survey underway for Dutch hydrogen and CO2 pipeline network
Business Developments & Projects

Soil survey underway for Dutch hydrogen and CO2 pipeline network

Fugro and Sweco are carrying out soil investigation fieldwork for a pipeline network that will link three industrial areas in the Netherlands and transport hydrogen and directly captured CO2 to designated offshore storage sites. Commissioned by Gasunie, the Delta Rhine Corridor West (DRC West) infra

about 6 months ago
An offshore platform with two vessels approaching
Business Developments & Projects

Trillion Energy’s stake in giant Black Sea gas field up for sale

Canada’s oil and gas player Trillion Energy is on the lookout for a buyer of its interest in a gas field in the Black Sea off the coast of Türkiye.

about 6 months ago
Solstad vessel nets contract extension before upcoming long-term deployment
Business Developments & Projects

Solstad vessel nets contract extension before upcoming long-term deployment

Norway’s Solstad Maritime has won a contract extension for its 2007-built construction support vessel (CSV) Normand Energy with an undisclosed client. The extension period of eight months begins as of today, April 1, and ends on November 30, in direct continuation of the current contract, with furth

about 6 months ago
Norwegian shipowner finalizes sale of 2016-built PSV
Business Developments & Projects

Norwegian shipowner finalizes sale of 2016-built PSV

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has completed the sale of its 2016-built platform supply vessel (PSV), announced earlier this month. GEOS announced on March 12 that its subsidiary Energy Passion AS had signed a binding sales agreement for the PSV Energy Pas

about 6 months ago
Lithuanian port home to first joint bio-LNG bunkering in Europe
Business Developments & Projects

Lithuanian port home to first joint bio-LNG bunkering in Europe

Low-carbon fuel solutions provider Anew Climate and Avenir, a provider of LNG and bio-LNG for the maritime sector, have performed Europe’s first joint liquefied biomethane (bio-LNG) bunkering operation. During the operation performed at the LNG terminal in the Port of Klaipėda, Lithuania, operated b

about 6 months ago
BW Energy inks sale and leaseback deal for jack-up drilling rig
Business Developments & Projects

BW Energy inks sale and leaseback deal for jack-up drilling rig

Oslo-listed oil and gas E&P player BW Energy has signed a sale and leaseback agreement with China’s Minsheng Financial Leasing (MSFL) for a jack‑up drilling rig. BW Energy will receive an $80 million cash consideration, strengthening financial flexibility while maintaining continued access to the Ja

about 6 months ago
Malta opens call to probe renewable energy import from North Africa
Business Developments & Projects

Malta opens call to probe renewable energy import from North Africa

Malta’s fully government-owned company Interconnect Malta (ICM) has launched a preliminary market consultation (PMC) to gather information from the market on the feasibility of large-scale importing of renewable energy from North Africa to Malta via a cable link. The PMC is seen as a formal, non-bin

about 6 months ago
CCUS
Business Developments & Projects

Chiyoda, NYK and KNCC jointly pursuing global carbon capture and storage projects

Japanese engineering company Chiyoda Corporation, compatriot shipping major Nippon Yusen Kabushiki Kaisha (NYK Line), and its Norway-headquartered affiliate Knutsen NYK Carbon Carriers (KNCC) have signed a memorandum of understanding (MOU) to collaborate on carbon capture and storage (CCS) projects

about 6 months ago