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Business Developments & Projects

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Expro finalizes purchase of UK well construction and intervention services provider
Business Developments & Projects

Expro finalizes purchase of UK well construction and intervention services provider

Energy services provider Expro has completed the acquisition of Scotland-based Coretrax, a provider of performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions. The acquisition, from an investment group led by Buckthorn Partners, is expected to enable Ex

about 2 years ago
Shearwater platform in the North Sea; Source: Shell
Business Developments & Projects
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Stake in Shell’s UK gas field enables Norwegian player to bolster North Sea portfolio

DNO has enriched its North Sea portfolio with a new addition, thanks to the acquisition of an interest in a Shell-operated gas field.

about 2 years ago
EverWind and Port of Rotterdam form green hydrogen alliance
Business Developments & Projects

EverWind and Port of Rotterdam form green hydrogen alliance

North American company EverWind Fuels has partnered with the Port of Rotterdam to advance the green hydrogen supply chain.

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business Developments & Projects

QatarEnergy’s CEO on doubling production capacity: LNG is here to stay for years on end

CEO of QatarEnergy is adamant that LNG will keep its spot at the top of the energy demand pyramid for a long time.

about 2 years ago
Fast4Ward design; Source: SBM Offshore
Business Developments & Projects

SBM Offshore puts FPSO work for ExxonMobil’s oil project offshore Guyana into the hands of Seatrium

SBM Offshore has tasked Seatrium Limited with the topsides fabrication and integration of a floating production, storage, and offloading (FPSO).

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business Developments & Projects

Dolphin Drilling: No ‘permanent’ restraining order in place for rig in Nigeria

Dolphin Drilling has provided an update on an interim injunction, which Lagos-based General Hydrocarbons Limited (GHL) managed to secure in response to the Norwegian firm’s notice of termination of a drilling contract off the coast of Nigeria for a semi-submersible rig.

about 2 years ago
Ross Offshore CEO Jørgen Jørgensen; Source: Ross Offshore
Business Developments & Projects

ABL acquires compatriot energy player in bid to strengthen position in oil & gas markets

ABL Group has inked a deal to buy Norway’s Ross Offshore from Moreld Group to expand its oil, gas, and renewables portfolios.

about 2 years ago
Hejre jacket; Credit: INEOS
Business Developments & Projects

Another contractor gets FEED deal for North Sea gas platform

Kent has landed a front end engineering design (FEED) contract for a high-pressure, high-temperature (HP/HT) gas production platform in the North Sea off the coast of Denmark.

about 2 years ago
Australia's green hydrogen outlook
Business Developments & Projects

Australia’s Hydrogen Headstart program receives $2 billion boost

As part of a funding package of $7.1 billion for budgeted programs to be administered by ARENA, the Australian government has allocated $2 billion for round two of the Hydrogen Headstart program.

about 2 years ago
Naming ceremony for Greenergy Ocean LNG carrier; Source: MOL
Business Developments & Projects

MOL names first of six newbuilding LNG carriers at Chinese shipyard

Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuilding liquefied natural gas (LNG) carrier at a Chinese shipyard.

about 2 years ago
Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book
Business Developments & Projects

Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book

Jan De Nul Group has started 2024 with an order book of €8.9 billion, an increase of 38% compared to last year. In its latest financial report, the Belgian company said it had far exceeded its expectations for 2023 and has been net debt-free for the tenth year in a row. In 2023, Jan De Nul reported

about 2 years ago
Source: Orbital Marine Power
Business Developments & Projects

Orbital Marine Power partners with Global Energy Group for Orkney tidal projects

Scotland-based renewable energy company Orbital Marine Power has picked Global Energy Group as a supplier to lead the manufacture and assembly of turbines for the company’s Orkney projects which have won contracts under the UK Government’s Contract for Difference (CfD) auction rounds 4 and 5.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business Developments & Projects

Emergency arbitrator picked: Has Dolphin Drilling’s attempt to oppose Nigerian oil & gas firm’s restraining order against rig termination failed?

General Hydrocarbons Limited (GHL) has succeeded in its endeavor to obtain an interim injunction against Dolphin Drilling’s plan to break off a semi-submersible rig’s deal off the coast of Nigeria.

about 2 years ago
Oceaneering on track with full-year 2024 expectations
Business Developments & Projects

Oceaneering on track with full-year 2024 expectations

Texas-headquartered Oceaneering International has reported an operating income of $44.2 million for its Subsea Robotics division in the first three months of 2024, a 31% increase compared to the first quarter of 2023. In Q1 2024, Oceaneering reported a net income of $15.1 million on revenue of $599

about 2 years ago