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Business Developments & Projects

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Illustration; Source: Saipem
Business Developments & Projects

Saipem exploring nuclear tech as ‘new frontier’ in offshore oil & gas for emission-free energy

Saipem is pooling resources with the UK-based newcleo to throw nuclear technology into the offshore oil and gas operations mix and look into the development of floating nuclear-powered prototypes on a quest to achieve zero-emission energy.

about 2 years ago
CoreAll's video footage indicates Saipem's Scarabeo 8 semi-submersible rig participated in the CoDril trials with Aker BP in the Barents Sea; Image source: Var Energi
Business Developments & Projects
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Oil & gas firm puts tripping-free tech forces to the test: Blazing new trails to shape coring and drilling innovations

The field trials off the coast of Norway aim to determine whether an innovative technology designed to solve core drilling’s tripping woes will live up to expectations.

about 2 years ago
Subsea7 reveals Shell behind 'sizeable' Gulf of Mexico EPCI contract
Business Developments & Projects

Subsea7 reveals Shell behind ‘sizeable’ Gulf of Mexico EPCI contract

Following the announcement of a “sizeable” contract award in mid-August with an unknown client, Luxembourg-domiciled Subsea7 has now revealed that the contract is for Shell’s waterflood project in the U.S. Gulf of Mexico. Subsea7 will provide engineering, procurement, construction, and offshore inst

about 2 years ago
Yinson GreenTech kicks off commercial trials for Singapore’s first fully electric cargo vessel
Business Developments & Projects

Yinson GreenTech kicks off commercial trials for Singapore’s first fully electric cargo vessel

MarinEV, marine electrification business of Singapore-based green technology solutions provider Yinson GreenTech (YGT), has opened commercial trials for Singapore’s first fully electric cargo vessel, the Hydromover, to industry leaders looking to reduce the carbon footprint from their business activ

about 2 years ago
Illustration; Credit: Morten Berentsen/NOD
Business Developments & Projects

21 oil & gas firms show ‘great faith’ in hydrocarbon exploration in Norwegian waters

21 companies have submitted offers for production licenses, as part of the award in pre-defined areas 2024 (APA 2024) licensing round, indicating their interest in further exploration activity on the Norwegian Continental Shelf (NCS).

about 2 years ago
Image of Ocean Power Technologies PowerBuoy and WAM-V during sea trials.
Business Developments & Projects

Ocean Power Technologies finishes testing of next-gen buoy, prepares for deployment

U.S.-based marine energy firm Ocean Power Technologies (OPT) has completed more than four months of offshore testing of its next-generation PowerBuoy (PB) in the Atlantic Ocean, offshore New Jersey, and is preparing the system for deployment at the Naval Postgraduate School (NPS) in Monterey to enha

about 2 years ago
FPSO Espirito Santo; Source: MISC
Business Developments & Projects

SBM Offshore taking over Brazilian FPSO while MISC grabs Malaysian one as stakes in two units change hands

SBM Offshore has made arrangements to exchange ownership interests related to two floating production, storage, and offloading (FPSO) vessels with Malaysia’s shipping giant MISC Berhad (MISC).

about 2 years ago
ABB's package to optimize performance of NKT’s new cable-laying vessel
Business Developments & Projects

NKT hires ABB to optimize performance of newbuild cable-laying vessel

Danish power cable manufacturer and installation company NKT has awarded Swedish–Swiss automation company ABB with a contract to supply a power distribution system for its newbuild cable-laying vessel (CLV) that enables integration of multiple power sources and allows engines to run at variable spee

about 2 years ago
Partners to conduct engineering design work for Japanese CCS project
Business Developments & Projects

Partners to conduct engineering design work for Japanese CCS project

Tohoku Region West Coast CCS initiative, proposed by Itochu, Nippon Steel, Taiheiyo Cement, Mitsubishi Heavy Industries (MHI), Inpex, Taisei and Itochu Oil Exploration, has been selected by JOGMEC to conduct engineering design work for Japanese advanced CCS project.

about 2 years ago
Shelf Drilling Mentor jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Shelf Drilling jack-up duo’s new long-term gigs prompting rig moves to West Africa

UAE-headquartered offshore drilling contractor Shelf Drilling has won a new set of drilling assignments for two jack-up rigs in its fleet.

about 2 years ago
NYK names new dual-fuel LPG/ammonia carrier for Astomos
Business Developments & Projects

NYK names new dual-fuel LPG/ammonia carrier for Astomos

Japanese shipping major NYK Line has named the newbuild LPG dual-fuel very large gas carrier (VLGC) for charter with compatriot LPG trader and importer Astomos Energy. The LPG/ammonia carrier was named Liberty Pathfinder at a ceremony held on September 4 at the Sakaide Works (Kagawa Prefecture) of K

about 2 years ago
FPSOs P-84 (Atapu) and P-85 (Sépia) will each have a daily production capacity of 225 thousand barrels of oil per day and processing of 10 million cubic meters of gas per day; Source: Petrobras
Business Developments & Projects

US player lands work on FPSO pair destined for Petrobras’ oil field duo

KBR has been hired on engineering contracts by Singapore’s Seatrium to develop topside facilities for two floating production storage and offloading (FPSO) units that are being designed for two pre-salt ultra-deepwater fields located in the prolific Santos Basin off the coast of Brazil.

about 2 years ago
Amogy and HD KSOE EcoPhin to jointly work on ammonia-powered solutions for maritime sector
Business Developments & Projects

Amogy and HD KSOE EcoPhin to jointly work on ammonia-powered solutions for maritime sector

U.S.-based provider of ammonia-to-power solutions Amogy has formed a new partnership with propulsion system specialist HD KSOE EcoPhin to deploy their respective technologies to enhance ammonia-powered solutions across the maritime sector. For the most part, the partnership will focus on the integra

about 2 years ago
Island Innovator rig; Source: Island Drilling
Business Developments & Projects

Island Drilling rig begins multi-well plug and abandonment work in Africa

Island Drilling Company has made a start on its plug and abandonment (P&A) campaign off the coast of Mauritania, Africa, which is being carried out with its 2012-built semi-submersible rig.

about 2 years ago