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Business Developments & Projects

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Fossil EnergyOil & GasRigsAuthorities & GovernmentBusiness & FinanceExploration & ProductionRegulation & PolicyFPSO & VesselsLiquefied Natural GasInfrastructureProject & TendersVesselsSubseaSurveys & InterventionsAlternative FuelsClean FuelGreen MarineMethanolResearch & DevelopmentTechnologyLow-Carbon TransitionCollaborationVessels & VehiclesAmmoniaFunding & RegulationHydrogenProductionBiofuelsEnergy TransitionOperations & MaintenanceCablingInterconnectorsEnvironmentOutlook & StrategyTransition
Valaris 123 jack-up rig; Source: Valaris
Business Developments & Projects

UK’s political and fiscal regime hampers Deltic’s ability to fund its share of appraisal costs for North Sea discovery

Deltic Energy is still on the lookout for a farm-out partner to ensure that its share of costs will be secured for the appraisal of a gas discovery in the North Sea.

about 2 years ago
Time charter signing ceremony; Source: China Association of the National Shipbuilding Industry
Business Developments & Projects

Chinese shipbuilder picks up two large LNG carrier orders

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China’s Dalian Shipbuilding has signed a contract to build two 175,000 cubic meter large-scale LNG vessels for Ocean Jade Invested Limited.

about 2 years ago
More work for Sapura Energy with Petronas group of companies
Business Developments & Projects

More work for Sapura Energy with Petronas group of companies

Malaysia-based Sapura Energy has secured a contract for the delivery of underwater services for the Petronas group of companies and petroleum arrangement contractors. Sapura Energy’s wholly-owned subsidiary Sapura Subsea Services has been awarded with a contract for the provision of Pan Malaysia und

about 2 years ago
Ørsted’s FlagshipONE e-methanol project reaches new milestone
Business Developments & Projects

Ørsted’s FlagshipONE e-methanol project reaches new milestone

Carbon Clean has started the module assembly process at Ørsted’s FlagshipONE eMethanol project in Sweden.

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

QatarEnergy doles out $6 billion for 18 huge LNG vessels on historic fleet expansion mission

QatarEnergy is bolstering its giant liquefied natural gas (LNG) fleet expansion with a $6 billion deal for 18 ultra-modern QC-Max size LNG vessels.

about 2 years ago
Two contracts with Petrobras to bring over $192 million to DOF
Business Developments & Projects

Two contracts with Petrobras to bring over $192 million to DOF

Norwegian vessel owner DOF Group has secured multiple contracts with Brazilian state-owned oil and gas giant Petrobras expected to generate revenue beyond $192 million. Following a competitive tender process, Petrobras awarded new long-term charter and service contracts to Norskan Offshore and DOF S

about 2 years ago
Saudi’s NEOM secures $2.7 billion for development of major projects
Business Developments & Projects

Saudi’s NEOM secures $2.7 billion for development of major projects

NEOM has secured a new revolving credit facility (RCF), worth $2.7 billion, that will support short-term financing requirements as NEOM moves forward with the development of major projects.

about 2 years ago
Wallenius Wilhelmsen: CO2 intensity target achieved in 2023
Business Developments & Projects

Wallenius Wilhelmsen: CO2 intensity target achieved in 2023

Norwegian shipping and logistic company Wallenius Wilhelmsen has updated its progress on emissions targets and performance related to its sustainability-linked financing framework established in 2022.

about 2 years ago
Works at full speed at New York's 1.25 GW subsea HVDC link
Business Developments & Projects

Works at full speed at New York’s 1.25 GW subsea HVDC link

DeepOcean has completed its first campaign under a contract with NKT for the provision of subsea construction support for a subsea HVDC cable that will link the Canadian border and New York. DeepOcean reported that its U.S. operation had wrapped up the first campaign for the Champlain Hudson Power E

about 2 years ago
BW MaBoMo; Source: BW Energy
Business Developments & Projects

BW Energy pens $150 million deal for production facility working offshore Gabon

BW Energy has inked a sale and lease back agreement with Minsheng Financial Leasing Co (MSFL) for an offshore production facility.

about 2 years ago
Monjasa
Business Developments & Projects

Monjasa completes first biofuels supply off Peru

Marine fuels supplier Monjasa has supplied a total of 510 tonnes of B30 marine biofuels to the Cargill-operated dry bulk carrier, Infinity Sky.

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

Chevron widens its oil & gas footprint in Namibia with operatorship of two offshore blocks

Chevron has enriched its offshore oil and gas portfolio in Africa with the entrance into a new license off the coast of Namibia.

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

OMV steps up its methane reduction game by joining UN program for curbing such emissions

OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).

about 2 years ago
Abdülhamid Han drillship; Source: TPAO
Business Developments & Projects

Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea

Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.

about 2 years ago