Business Developments & Projects

Two vessels in Norwegian player’s fleet land new gigs
Golden Energy Offshore Services (GEOS) has got a hold of two new contracts for a platform supply vessel (PSV) duo with undisclosed companies.

PGS secures 3D seismic contract offshore South Atlantic
Norwegian seismic company PGS has received a letter of award for a large 3D contract offshore South Atlantic margin from a multi-client company.

New partnership looking into 100 MW hydrogen production in Sicily
Axpo has signed a cooperation agreement with ENEGO to study the feasibility of a 100 MW green hydrogen plant in Sicily, Italy.

With CEO and Chairman parting ways, nine Siem Offshore vessels changing hands
Siem Offshore has made arrangements to divest three AHTS, four PSVs, and two OSCVs to a major shareholder and related companies.

Northern Drilling’s CEO heads for the exit
Northern Drilling is gearing up to disclose a successor to the Chief Executive Officer (CEO) position after its current CEO decided to step down from the role.

New assignment for Wood in Trinidad and Tobago
Atlantic LNG has hand-picked Massy Wood to provide project management and engineering services for its liquefaction facility in Point Fortin.

Finland’s organizations to work on hydrogen storage research project
VTT, GTK and industrial partner organizations have launched a research project Hydrogen UnderGround (HUG) focused on underground storage of hydrogen.

Woodside seeks approval of FPSO ops revision, eyes two-well drilling campaign
Woodside has submitted a revised environment plan (EP) for an FPSO vessel’s operations activity, including a potential drilling program, off the coast of Australia.

Siem Offshore lines up multi-year gig for 2016-built oil spill response vessel in Brazilian waters
Siem Offshore has won a four-year assignment in Brazil with an undisclosed company for one of its oil spill recovery vessels (OSRV).

SFL places $150M sustainability-linked bond
Bermuda-based ship owner and charterer SFL Corporation has placed the four-year $150 million senior unsecured sustainability-linked bonds.

Australia urged to ensure its gas strategy features LNG opportunities
Australian Energy Producers has called for the inclusion of liquefied natural gas (LNG) in the government’s future gas strategy.

International agreement targets development of electric thrusters for ROVs
Forum Energy Technologies (FET) has executed a memorandum of understanding (MoU) with a UAE-based underwater inspections provider to collaborate on the development of electric thrusters for remotely operated vehicles (ROVs). The MoU was signed by FET’s Subsea Technologies product line and SAFEEN Sur

Another LNG carrier gets Silverstream’s air lubrication tech at Seatrium
UK-based player Silverstream has equipped a large LNG carrier with its air lubrication technology at Singapore’s Seatrium shipyard.

US unveils next steps in its 2024–2029 Gulf of Mexico oil & gas leasing program
Bureau of Ocean Energy Management (BOEM) has revealed the notice of availability of the area identification for the three proposed Gulf of Mexico (GOM) oil and gas lease sales during 2024 – 2029.