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Business Developments & Projects

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Illustration; Source: ONGC
Business Developments & Projects

BP, ONGC upping the production ante in ‘most prolific’ oil & gas region offshore India

UK-headquartered energy giant BP has joined forces with India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) to bolster hydrocarbon output in the Western Offshore Basin (Arabian Sea), seen as India’s “most prolific” offshore hydrocarbon region.

about 3 months ago
Hitachi Energy wins €770M contract for first Europe-Africa interconnector
Business Developments & Projects

Hitachi Energy wins €770M contract for first Europe-Africa interconnector

Hitachi Energy has secured a contract worth approximately €770 million for the construction of converter stations for the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna

about 3 months ago
Rig move illustration; Source: ABL, part of Aqualis
Business Developments & Projects

44 jack-up rigs relocated in race against monsoon season

ABL, part of Oslo-listed global consultancy Aqualis, has landed a hand to India’s government-owned energy giant Oil and Natural Gas Corporation Limited (ONGC) in the preparation for the monsoon season by helping reposition the offshore rig fleet deployed in the Asian country’s waters.

about 3 months ago
Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies
Business Developments & Projects

Ocean Installer to recover 1,000 tons of subsea infrastructure for TotalEnergies

Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has won a contract with TotalEnergies that includes the recovery of around 1,000 tons of subsea infrastructure. Awarded for the Byggve, Skirne and Atla fields in the North Sea, the project covers engineerin

about 3 months ago
An offshore rig
Business Developments & Projects

Namibia license farm-out drawing to a close with ministerial approval

Tower Resources, the AIM-listed oil and gas company focused on Africa, has inched closer to the finish line of its farm-out deal for a license off the coast of Namibia.

about 3 months ago
Fulmar Explorer
Business Developments & Projects

2009-built source vessel to work in West Africa for three months

After completing work in the Western Hemisphere, Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, is taking its source vessel to West Africa. The 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, has been awarded a contract for ocean bot

about 3 months ago
Gjøa; Source: Vår Energi
Business Developments & Projects

North Sea oil output on the rise as FID moves coordinated subsea development forward

Norway’s oil and gas player Vår Energi is setting the wheels in motion to bring subsea tie-back development projects in the North Sea to life, in a bid to bolster the oil production arsenal on the Norwegian Continental Shelf (NCS).

about 3 months ago
Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea
Business Developments & Projects

Dutch hybrid, biofuel-ready vessel christened, starts charter with N-Sea

Irish maritime company Mainport Shipping has christened its hybrid survey and remotely operated vehicle (ROV) support vessel, now set to begin a long-term charter with N-Sea Group. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, bu

about 3 months ago
Norwegian, Japanese geotechnical firms ink offshore wind cooperation agreement
Business Developments & Projects

Norwegian, Japanese geotechnical firms ink offshore wind cooperation agreement

The Norwegian Geotechnical Institute (NGI) and Japan’s OYO Corporation have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects, research and knowledge sharing, marking a step in NGI’s expansion into the Japanese offshore wind market. The agreement was signed on June

about 3 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Business Developments & Projects

Investigation into tragic incident ongoing: 13 dead, 66 injured in explosion and fire at QatarEnergy’s gas asset

Qatar’s state-owned oil and gas giant QatarEnergy has confirmed the launch of a probe into an explosion and fire incident that occurred at its liquefied natural gas (LNG) production and export hub, in which multiple workers lost their lives and sustained injuries.

about 3 months ago
Gulf Driller VII aka Perro Negro 11 - Saipem
Business Developments & Projects

Saipem exits Saudi Arabian shallow-water drilling playground with sale of jack-up rig fleet to ADES

Italy’s engineering, drilling, and construction services giant Saipem is divesting its shareholding in Saudi Arabian Saipem (SAS) to close its shallow water drilling chapter in Saudi Arabia, as it continues its shift to deepwater plays. This move enables ADES Holding Company, part of Saudi Arabia-he

about 3 months ago
Illustration; Source: Petrobras
Business Developments & Projects

Petrobras and Pemex shake hands to explore partnership in oil & gas sphere

Brazil’s state-owned energy giant Petrobras has signed on the dotted line to look into establishing a collaboration with Mexico’s state-owned petroleum heavyweight Petróleos Mexicanos (Pemex) in the hydrocarbon realm.

about 3 months ago
FSO naming ceremony; Source: Yinson Production
Business Developments & Projects

Yinson Production’s Southeast Asia-bound FSO gets its name

Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has held a naming ceremony for a floating storage and offloading (FSO) unit slated for deployment at an oil field off the coast of Vietnam, Southeast Asia.

about 3 months ago
EnerMech assists Subsea7 in decommissioning scope delivery
Business Developments & Projects

EnerMech assists Subsea7 in decommissioning scope delivery

Aberdeen-headquartered integrated solutions specialist EnerMech has completed a pipeline flushing and cleaning workscope for Subsea7 as part of a field decommissioning program in the Gulf of Mexico. EnerMech reported it was in charge of flushing and cleaning a long-distance deepwater oil export pipe

about 3 months ago
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