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Business Developments & Projects

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Revised concept for North Sea gas project's offtake route; Source: Hartshead Resources
Business Developments & Projects

Tweaks to North Sea gas project’s concept encapsulate ‘far superior’ export route

Hartshead Resources has made changes to the gas offtake route for natural gas development in the UK sector of the North Sea and submitted the revised concept select report addendum (CSRA) to the North Sea Transition Authority (NSTA) on its own behalf as its joint venture (JV) partners did not back t

about 1 year ago
Hercules rig; Source: Odfjell Drilling
Business Developments & Projects
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Legal spat over rig contract breach nearing its end with Seadrill ordered to pay SFL $48 million

A court order is bringing a legal battle over an alleged contract breach to a close by instructing Bermuda-headquartered offshore drilling contractor Seadrill to pay a multimillion-dollar compensation to the owner of a semi-submersible rig, which was hired under the contract that sparked the dispute

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

McDermott completes east Malaysia deepwater project ahead of schedule

U.S.-headquartered offshore engineering and construction player McDermott has completed offshore installation and commissioning activities for a project offshore East Malaysia ahead of schedule. The contract, awarded by PTTEP Sabah Oil (PTTEP) in early 2024, involved deepwater work at approximately

about 1 year ago
West Neptune drillship; Source: Seadrill
Business Developments & Projects

US oil & gas player gets cracking on development studies as two out of three Gulf of Mexico wells yield hydrocarbons

U.S.-headquartered privately owned exploration and production company LLOG Exploration has started the ball rolling on development studies for two hydrocarbon-bearing wells in its three-well exploration/appraisal campaign. The wells are located in the U.S. Gulf of Mexico, which is being renamed the

about 1 year ago
CSA hits new milestone in bringing electric harbor craft for operation in Singapore
Business Developments & Projects

CSA hits new milestone in bringing electric harbor craft for operation in Singapore

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has launched its first fully electric supply boat (e-supply boat) and laid the keel for its first fully electric tug at PaxOcean Batam.

about 1 year ago
Tamar platform; Source: Chevron
Business Developments & Projects

SOCAR coming aboard Chevron’s gas field offshore Israel

Chevron Mediterranean Limited, a subsidiary of the U.S.-headquartered oil major Chevron, is getting a new partner at its gas field off the coast of Israel, as Union Energy has decided to sell its stake to the State Oil Company of the Republic of Azerbaijan (SOCAR). SOCAR is continuing to implement i

about 1 year ago
Eni entrusts Well-Safe Solutions rig with more work
Business Developments & Projects

Eni entrusts Well-Safe Solutions rig with more decommissioning work

Aberdeen-based decommissioning services provider Well-Safe Solutions has received a further contract extension from Italy’s energy giant Eni to decommission selected subsea and platform wells across a portfolio of projects in the Dutch North Sea. Eni recently exercised another 90-day option for the

about 1 year ago
Industry players looking into development of methanol-to-hydrogen generators
Business Developments & Projects

Industry players looking into development of methanol-to-hydrogen generators

Mitsubishi Gas Chemical, Methanol Reformer and Element 1 have signed a memorandum of understanding (MoU) to collaborate on the development and commercialization of hydrogen solutions by methanol reforming technology.

about 1 year ago
FLNG Tango; Source: Exmar
Business Developments & Projects

With FLNG production levels off the charts, previous owner awaits its bonus

Exmar has revealed that an FLNG it sold to Eni has surpassed production expectations and guaranteed levels while working on the Italian player’s LNG project off the coast of Congo, Africa.

about 1 year ago
Under $57.4M contract, Indian firm takes its diving support vessel to Middle East
Business Developments & Projects

Under $57.4M contract, Indian firm sends its diving support vessel to Middle East

India’s Seamec Limited has entered into a charter hire with a Saudi Arabian company under which its multipurpose diving support vessel (DSV) will be deployed in the Middle East. Seamec entered into a Bimco charter party with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of Seam

about 1 year ago
FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business Developments & Projects

Australian firm in talks with Altera & Ocyan to buy Brazilian FPSO

Australia’s Karoon Energy has engaged in negotiations to take possession of a floating production, storage, and offloading (FPSO) vessel working on its project off the coast of Brazil with the FPSO’s current owner and operator, Altera & Ocyan (A&O).

about 1 year ago
Lloyd’s Register joins underwater noise reduction project
Business Developments & Projects

Lloyd’s Register joins underwater noise reduction project

UK-based classification society Lloyd’s Register (LR) has joined the LOWNOISER project, a new initiative aimed at tackling underwater noise pollution caused by maritime traffic.

about 1 year ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Business Developments & Projects

NOC raising funds to cover its share of costs for TotalEnergies-led $12.2B oil project off Suriname

Staatsolie is taking action to secure the money required to cover its part of the development costs for the first-ever offshore oil field in Suriname, which is operated by TotalEnergies.

about 1 year ago
Japanese duo gets green light for low-pressure coastal LCO2 carrier
Business Developments & Projects

Japanese duo gets green light for low-pressure coastal LCO2 carrier

Mitsubishi Shipbuilding and Nippon Gas Line jointly obtained approval in principle (AiP) for a low-pressure type liquefied CO2 (LCO2) carrier for coastal transportation.

about 1 year ago