Business Developments & Projects
Three Velesto jack-up rigs pick up more drilling work with Petronas
Petronas has booked three jack-up rigs from Velesto, a compatriot rig owner, for more drilling operations off the coast of Malaysia.
Türkiye puts wind in Black Sea oil & gas exploration sails while chasing energy independence
Türkiye is planning to embark on further drilling activities in the Black Sea during 2024 in the hopes of finding more hydrocarbons.
Inter-array cable installation completed at Neart na Gaoithe offshore wind farm
Cable burial activities at the inter-array routes within the Neart na Gaoithe offshore wind farm site have been completed, following the wrap-up of cable installation works in January. The pre-lay grapnel run (PLGR) along the inter-array cable (IAC) routes was completed in November 2023 by the vesse
TotalEnergies’ huge North Sea gas project back online following massive redevelopment
TotalEnergies has restarted gas production from its giant redevelopment project in the Danish sector of the North Sea.
SafeWAVE project extended until June 2024
EU-backed SafeWAVE project, short for Streamlining the Assessment of Environmental Effects of Wave Energy, has been prolonged until June 2024.The decision to extend the project was revealed on March 20, stating it will enable SafeWave to make more progress in utilizing the abundant marine renewable
Germany’s first land-based terminal for liquefied gases proceeds to next phase with FID in place
Hanseatic Energy Hub (HEH), Germany’s first land-based terminal for liquefied gases in Stade, has reached the final investment decision (FID) and is preparing for the official groundbreaking ceremony.
U-Ming, ITOCHU eye joint development of ammonia-fueled ships
U-Ming Marine Transport, a subsidiary of Taiwanese shipping company U-Ming Marine Transport Corporation, has signed a memorandum of understanding (MoU) with Japan’s ITOCHU Corporation to explore the joint ownership and operation of ammonia-fueled ships.
Welsh government names winners of $945K tidal lagoon challenge
The Welsh government has revealed winners of the Tidal Lagoon Challenge, a program committed to making Wales a world center for emerging tidal energy technologies. The £750,000 (approximately $945,000) program was launched in June 2023, seeking to select at least three research projects that will he
In effort to have ‘world’s most advanced AUV fleet’, Argeo inks deal for another unit
In an effort to build an advanced autonomous underwater vehicle (AUV) fleet, ocean surveying and inspection company Argeo Subsea has signed a Certificate of Delivery and Acceptance with CSI Nordics for the second Kongsberg Discovery HUGIN Superior AUV. Under a three-party Certificate of Delivery and
Stake in Brazilian offshore fields opens doors to Latin American oil & gas arena for US player
Westlawn is entering Latin America’s oil and gas playground, thanks to a deal with Enauta for the acquisition of a partial stake in two oil fields offshore Brazil.
Repsol prolongs vessel’s gig offshore Norway
Golden Energy Offshore Services has secured a contract extension for one of its platform supply vessels (PSVs) with Repsol Norge.
Técnicas Reunidas and Sterling plan 1 MWe hydrogen electrolyzer in India
Técnicas Reunidas and Sterling Generators have signed an agreement for the joint development of a 1 MWe hydrogen electrolyzer in India.
Havila secures more work for two vessels
Norwegian offshore vessel operator Havila Shipping has landed a contract extension for one PSV and signed a new contract for another.
UK CCS cluster step closer to execution phase with approval for CO2 pipeline
The UK Government has granted a development consent order (DCO) for a newbuild CO2 pipeline that will transport CO2 from capture plants across the North West of England and North Wales to permanent storage in Eni’s depleted natural gas reservoirs, located under the seabed in Liverpool Bay. The Secre