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Business Developments & Projects

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Business Developments & Projects

Noble rig trio drilling full steam ahead in search of more oil & gas for ExxonMobil offshore Guyana

ExxonMobil is going in hot pursuit of more hydrocarbons in the Stabroek block off the coast of Guyana thanks to ongoing drilling operations, which are being carried out with drillships owned by Noble Corporation.

about 2 years ago

Business Developments & Projects

Investment companies to collaborate on energy transition projects in Middle East

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Saudi Arabia-based Hassana Investment Company and U.S.-based EIG have signed a memorandum of understanding (MoU) to collaborate on infrastructure and energy transition projects in the Middle East.

about 2 years ago

Business Developments & Projects

Africa Oil secures regulatory approval for enlargement and offshore license extension in Nigeria

Canadian oil and gas company Africa Oil Corp. has received a set of clearances from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) – one for the amalgamation of its wholly owned subsidiary Africa Oil Papa Corp. and BTG Pactual Holding, and another for the extension of a petroleum mini

about 2 years ago

Business Developments & Projects

Sale of North Sea oil field brings $24 million to Eni’s Vår Energi

Vår Energi, majority-owned by Italy’s Eni, has wrapped up the divestment of its interest in an Aker BP-operated field located in the Norwegian sector of the North Sea.

about 2 years ago

Acteon has partnered with Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind.

Business Developments & Projects

Acteon and Applied Fiber join forces for advanced offshore mooring solutions

Acteon, through its Moorings and Anchors business line InterMoor, has partnered with the U.S.-based Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind. The MoU is expected to see the partners

about 2 years ago

Business Developments & Projects

Mitsui E&S to provide equipment for Japan’s ‘first’ offshore hydrogen station

Japan’s Mitsui E&S has received an order from compatriot Tsuneishi Corporation for a VD4-250GH-OL high-pressure, high-flow hydrogen compressor for use in what is said to be Japan’s “first” offshore hydrogen station.

about 2 years ago

Prime Minister (Acting), Minister of Energy and Energy Industries, Stuart Young, toured the Mento platform at the TOFCO fabrication yard on October 23; Source: BP

Business Developments & Projects

BP and EOG look forward to first gas as countdown for sail-away of new offshore platform begins

BP is anticipating the sail-away of a new offshore platform over the next few weeks as final touches continue to be added to prepare the platform, destined for work off the coast of Trinidad and Tobago.

about 2 years ago

US-German project developing low-cost subsea energy storage gets $7.7M boost

Business Developments & Projects

US-German collab gets $7.7M boost for development of low-cost subsea energy storage

U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solut

about 2 years ago

Topaz Driller rig; Source: Vantage Drilling

Business Developments & Projects

Two jack-up rigs change hands

Vantage has bolstered its managed services by divesting two jack-up rigs, which enable ADES to expand its rig fleet.

about 2 years ago

Business Developments & Projects

North Sea-bound 2,900-ton module for offshore platform all set to sail away toward gas project

Aker BP has confirmed the completion of a utility module’s construction phase a year after the first steel was cut for a platform, which is destined to be deployed at its gas development project in the North Sea off the coast of Norway.

about 2 years ago

Business Developments & Projects

Hanwha Ocean’s standardized FPSO concept wins double blessing

South Korea’s shipbuilder Hanwha Ocean has received approvals in principle (AIP) for the preliminary front-end engineering design (pre-FEED) of a standard floating production storage and offloading (FPSO) facility from two classification societies, the United States’ ABS and France’s BV.

about 2 years ago

Business Developments & Projects

US awards Hawaii with $59.2 million for deployment of zero-emission projects

The Hawaiʻi Department of Transportation (HDOT) will receive $59.2 million from the U.S. Environmental Protection Agency’s (EPA) Clean Ports Program to support the state’s climate adaptation and air quality planning efforts.

about 2 years ago

Business Developments & Projects

Another ‘critical’ step taken to get FPSO ready for first gas in 2025

Norway’s FPSO operator BW Offshore has disclosed further progress in the integration and commissioning of its newbuild floating production storage and offloading (FPSO) vessel, which is on track to start work at a giant field off the coast of Australia in the first quarter of 2025. According to BW O

about 2 years ago

Business Developments & Projects

US firm to supply Vitol with LNG until late 2030s

Houston-based oil and gas player Coterra Energy and energy and commodities company Vitol have signed a long-term liquefied natural gas sale and purchase agreement (SPA).

about 2 years ago