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Business Developments & Projects

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Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Business Developments & Projects

Gas field charting its development course as Aphrodite embarks on FEED journey

Chevron Cyprus, a subsidiary of the U.S.-headquartered oil major Chevron, and its partners, BG Cyprus (Shell) and NewMed Energy, have decided to move forward with a front-end engineering design (FEED) work for an offshore gas field reservoir in Block 12, located in the Eastern Basin of the Mediterra

about 10 months ago
Helix to go on P&A duty in UK North Sea in 2026
Business Developments & Projects
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Helix to go on P&A duty in UK North Sea in 2026

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a multi-year contract for riserless plug and abandonment (P&A) operations on up to 34 subsea wells in the UK North Sea. The award came from a “major operator”, as Helix said, and includes the flushing and disconn

about 10 months ago
Prysmian and Eni to recycle plastic cable scrap
Business Developments & Projects

Prysmian and Eni to recycle plastic cable scrap

Italian cabling giant Prysmian and Versalis, the chemical subsidiary of Italian energy giant Eni, have established a strategic partnership to give new life to plastic cable scrap through an innovative chemical recycling process. Srinivas Siripurapu, Chief Sustainability, Innovation and R&D Officer a

about 10 months ago
LNG carrier; Courtesy of Wärtsilä
Business Developments & Projects

As Wärtsilä parts with gas solutions business, German player snaps it up

Finnish technology group Wärtsilä has decided to divest Wärtsilä Gas Solutions to Mutares SE & Co. KGaA, a German private equity investor.

about 10 months ago
TenneT selects NjordIC for Doordewind UXO consultancy work
Business Developments & Projects

TenneT selects NjordIC for Doordewind UXO consultancy work

NjordIC has been awarded the UXO consultancy services contract for the Doordewind 1 & 2 grid connection system, commissioned by TenneT and forming part of TenneT’s offshore HVDC program supporting the Netherlands’ ambition to deliver 21 GW of offshore wind capacity. Under the contract, NjordIC will

about 10 months ago
Snohvit Future project (illustration); Source: Equinor
Business Developments & Projects

Rise in costs to $1.98 billion among factors impacting Equinor’s low-emission gas project

Norwegian state-controlled energy giant Equinor has revealed an increase in costs for a project anticipated to strengthen Norway’s position as a reliable and long-term supplier of gas produced with very low greenhouse gas (GHG) emissions. The company explains that onshore compression is now expected

about 10 months ago
Minesto dismisses claim for damages received from former major shareholder
Business Developments & Projects

Minesto dismisses claim for damages received from former major shareholder

Swedish tidal energy developer Minesto has dismissed a claim for damages directed against the company from the former major shareholder BGA Invest as unfounded. The claim for damages is allegedly based on the board of directors’ resolution to allot shares to BGA in the company’s rights issue carried

about 10 months ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Fresh oil and gas/condensate find comes to light offshore Norway

Equinor, a Norwegian state-owned oil and gas giant, has uncovered a new oil and gas/condensate discovery that enriches its hydrocarbon arsenal off the coast of Norway.

about 10 months ago
CMA CGM takes delivery of methanol dual-fueled container ship from Chinese shipyard
Business Developments & Projects

CMA CGM takes delivery of methanol dual-fueled container ship from Chinese shipyard

Classification society Bureau Veritas Marine & Offshore (BV) has classed its first methanol dual-fueled container ship, a newbuild destined for French shipping and logistics giant CMA CGM Group. The 15,000 TEU methanol dual-fuel vessel, named CMA CGM ANTIGONE, was built by China’s CSSC Jiangnan Ship

about 10 months ago
PPF; Source: ConocoPhillips
Business Developments & Projects

Poland’s Orlen strengthens its Norwegian oil & gas portfolio with acquisition wrap-up

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has brought into its fold the interests Norwegian oil and gas player DNO held in two fields off the coast of Norway.

about 10 months ago
DOF lands work in the Atlantic, secures multi-year North America contract with Shell
Business Developments & Projects

DOF lands work in the Atlantic, secures multi-year North America contract with Shell

Norwegian vessel owner DOF Group has secured several new contracts in the Atlantic region, as well as a multi-year contract in the North America region for Shell. The contracts in the Atlantic region have a combined value of over $60 million, excluding optional work, and will be executed primarily u

about 10 months ago
Scarabeo 8; Source: Saipem
Business Developments & Projects

Oil & gas operator keeping Saipem’s 2012-built rig busy into 2028

Italy’s engineering, drilling, and construction services giant Saipem has landed a third contract extension for its 13-year-old semi-submersible drilling rig with Aker BP, a Norwegian oil and gas player, for operations off the coast of Norway.

about 10 months ago
Subsea7 and Equinor extend IMR deal for 2013-built vessel
Business Developments & Projects

Subsea7 and Equinor extend IMR deal for 2013-built vessel

Subsea7 and Equinor have agreed on an extension of their existing frame agreement covering subsea inspection, maintenance and repair services (IMR) delivered by a 2013-built subsea vessel. Under the terms of the extension of an agreement first signed in 2018, Seven Viking will carry out IMR services

about 10 months ago
Maintenance and upgrade work completes at world's largest tidal stream array
Business Developments & Projects

Maintenance and upgrade work completes at world’s largest tidal stream array

Offshore works, which included turbine recovery, have been completed at MeyGen, described as the world’s largest tidal stream energy development, located in Scotland’s Pentland Firth. UK-based tidal energy company Proteus Marine Renewables reported on December 18 that it had, together with project o

about 10 months ago