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Business Developments & Projects

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MOPU Ingenium; Source: KrisEnergy
Business Developments & Projects

Oil field offshore Thailand coming back online soon following false alarm over issue on MOPU’s leg

Valeura Energy plans to restart production operations at one of the Gulf of Thailand’s oil fields a month after it was stopped due to an issue that was spotted on one of the legs at the field’s mobile offshore production unit (MOPU).

about 2 years ago
FPSO Almirante Tamandaré; Source: Petrobras
Business Developments & Projects

WATCH: SBM Offshore’s largest FPSO sailing toward Brazil’s huge deepwater field

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Following departure from a Chinese yard, SBM Offshore is looking forward to the arrival of its new FPSO at a giant field in the pre-salt Santos Basin.

about 2 years ago
Illustration; Source: Trinity Exploration and Production
Business Developments & Projects

One merger taken off the table, another ongoing as South American firm outbids Touchstone for Trinity

Touchstone Exploration’s acquisition of the UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, has fallen through since the latter has accepted the cash offer from a third company, Trinidad-headquartered Lease Oper

about 2 years ago
CLV Leonardo da Vinci; Source: Prysmian
Business Developments & Projects

Prysmian bringing Australia’s subsea green electricity interconnector to life for €600 million

Prysmian has struck a multimillion-euro deal with Marinus Link for the design, manufacture, supply, installation, and delivery of the first stage of a new subsea power interconnector in Australia.

about 2 years ago
France-based start-up HelioRec and Centrale Nantes, a component institution of the Nantes University, have finished wave tank testing of the W200CM floating solar model.
Business Developments & Projects

HelioRec completes wave tank testing of its floating solar model

France-based start-up HelioRec and Centrale Nantes, a component institution of the Nantes University, have finished wave tank testing of the W200CM floating solar model.

about 2 years ago
Leviathan; Source: NewMed Energy
Business Developments & Projects

Chevron gets down to the nitty-gritty of gas production boost at Mediterranean field with $429 million earmarked for FEED

Chevron and its partners in a giant natural gas field off the coast of Israel have greenlighted a multimillion-dollar investment to start the ball rolling on the front-end engineering design (FEED) phase for the proposed expansion of the gas export capacity from this Mediterranean field.

about 2 years ago
Illustration; Source: BP
Business Developments & Projects

BP to acquire 49% stake in Hyport Duqm green hydrogen project in Oman

DEME and OQ have reached an agreement to have BP as an equity partner and operator in the Hyport Duqm green hydrogen project.

about 2 years ago
Boskalis' Ndurance cable laying vessel at an offshore wind turbine.
Business Developments & Projects

Boskalis connects all export cables and platforms for offshore wind farm in Netherlands

Boskalis, an offshore construction company, has completed the connection of all export cables and platforms for the offshore wind farm being developed by RWE in the Dutch North Sea. Off the coast of the Netherlands, Boskalis connected all the export cables the company recently installed for the shor

about 2 years ago
VARD's newbuild 962 CLV leaves Romania and sets sail to Norway; Source: VARD
Business Developments & Projects

VARD’s new cable-laying vessel making its way to Norwegian waters (Video)

VARD is looking forward to welcoming to Norway a cable-laying vessel (CLV) it is constructing for Denmark’s subsea specialist NCT Offshore.

about 2 years ago
CSV Edda Freya; Source: DeepOcean
Business Developments & Projects

BP puts UK field in rearview mirror as DeepOcean’s vessel pulls largest SSIV out of North Sea (Gallery)

DeepOcean has tucked a new decommissioning milestone under its belt by removing what has been deemed to be the largest subsea isolation valve (SSIV) in the North Sea.

about 2 years ago
Tidal energy could contribute to decarbonizing Alaska’s Railbelt by 2035 and facilitate the production of clean fuels like hydrogen, growing the state's economy, a recent U.S. study has shown.
Business Developments & Projects

Tidal energy could help decarbonize Alaska’s Railbelt by 2035, study shows

Tidal energy could contribute to decarbonizing Alaska’s Railbelt by 2035 and facilitate the production of clean fuels like hydrogen, growing the state’s economy, a recent U.S. study has shown.

about 2 years ago
Veer selects Fosen to build ‘first’ zero-emission ocean-going boxship
Business Developments & Projects

Veer selects Fosen to build ‘first’ zero-emission ocean-going boxship

Veer and Fosen Shipyard have signed a letter of intent (LOI) to develop, construct, sell and purchase two firm units of wind-powered and hydrogen-assisted container ships.

about 2 years ago
PSC signing ceremony; Source: Petronas
Business Developments & Projects

Multiple oil & gas firms ink deals for 12 fields offshore Malaysia

Petronas has signed production sharing contracts (PSCs) with several oil and gas players for three clusters of discovered resource opportunities (DRO) situated offshore Peninsular Malaysia as part of the first round of Malaysia Bid Round Plus (MBR+).

about 2 years ago
Modelling CO2 injection; Source: Kongsberg Digital
Business Developments & Projects

Canadian integrated CCS solution enhancing North Sea carbon storage project

Sval Energi has selected a comprehensive carbon capture and storage (CCS) solution developed by Canada-based Computer Modelling Group (CMG) for one of its CO2 transportation and storage projects in the Norwegian North Sea.

about 2 years ago