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Business Developments & Projects

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FPSO Kwame Nkrumah on the Jubilee field; Source: Kosmos
Business Developments & Projects

Four more wells set to come online in months ahead offshore Ghana

Tullow Ghana Limited (TGL), a subsidiary of the UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, has confirmed its timeline for putting four wells into production mode at a field off the coast of Ghana.

about 5 months ago
Ireland and Spain formalize plan to explore electricity interconnection
Business Developments & Projects

Ireland and Spain formalize plan to explore electricity interconnection

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Irish and Spanish ministries have signed a memorandum of understanding (MoU) to explore the potential for a future electricity interconnector between the two countries. The MoU was signed by Ireland’s Department of Climate, Energy and the Environment and Spain’s Ministry for the Ecological Transitio

about 5 months ago
FPSO Maria Quitéria; Source: Yinson Production
Business Developments & Projects

Petrobras widens its oil & gas footprint in Brazil’s Campos Basin

Brazilian state-owned oil and gas giant Petrobras has taken steps to become the sole owner of a portion of the ring-fence of a field in BC-10 Concession in the Campos Basin, currently held by Shell Brasil Petróleo, a subsidiary of UK-headquartered Shell, ONGC Campos, a Brazilian arm of India’s energ

about 5 months ago
Equinor taps Swedish survey firm for multi-year pipeline inspection services
Business Developments & Projects

Equinor taps Swedish survey firm for multi-year pipeline inspection services

Swedish offshore survey company Njord Survey has signed a framework agreement with Norwegian state-owned energy firm Equinor for the delivery of pipeline inspection and integrity services offshore Europe. Under the three-year framework agreement, Njord Survey said it would deliver high-resolution ge

about 5 months ago
Geotechnical investigations to soon start at Caledonia offshore wind farm site
Business Developments & Projects

Geotechnical investigations to soon start at Caledonia offshore wind farm site

Fugro is set to begin a geotechnical survey campaign at the Caledonia offshore wind project site in May, following earlier geophysical investigations. According to a Notice to Mariners, the first survey vessel is expected on site no earlier than May 9, with a second vessel scheduled to arrive from M

about 5 months ago
Illustration; Source Shell
Business Developments & Projects

Shell enriches gas business with $16.4 billion ARC Resources takeover

UK-headquartered energy giant Shell has made a move to strengthen its liquefied natural gas (LNG) arsenal through a multibillion-dollar cash‑and‑share deal for the acquisition of Canada-based ARC Resources.

about 5 months ago
Illustration; Source: Offshore Energies UK (OEUK)
Business Developments & Projects

North Sea oil & gas seen as linchpin of UK’s energy security and net zero transition

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has portrayed the oil and gas production from the North Sea as a backbone of the nation’s security of supply to prevent over-reliance on imports and continue to pursue and implement the transition to a low-carbon and

about 5 months ago
Mermaid Maritime continues global expansion with joint venture in Brunei
Business Developments & Projects

Mermaid Maritime continues global expansion with joint venture in Brunei

After establishing joint venture companies in Taiwan and Equatorial Guinea, Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has done the same in Brunei. The primary activities of the entity named Serikandi Mermaid SDN BHD are offshore tran

about 5 months ago
Japanese trio launches demo project on ammonia supply for vessels in Singapore
Business Developments & Projects

Japanese trio launches demo project on ammonia supply for vessels in Singapore

Japan’s Sumitomo Corporation, Kawasaki Kisen Kaisha (“K” Line), and Nippon Yusen Kabushiki Kaisha (NYK Line) have jointly applied to run a demonstration project on the supply of ammonia fuel for vessels in Singapore, building on their memorandum of understanding (MoU) from last month to conduct a fr

about 5 months ago
Seatrium yard; Source: Seatrium
Business Developments & Projects

Seatrium ticks tugboat fleet sale off non-core asset divestment list

Singapore-based offshore, marine, and energy solutions provider Seatrium has brought to a close the disposal of its tugboat fleet as it continues its mission to part ways with non-core assets in its portfolio.

about 5 months ago
Saipem rigs get new drilling jobs worth $800 million
Business Developments & Projects

Saipem’s drillship tasked with appraising Namibia’s light oil discovery

African energy exploration player Rhino Resources has booked a drillship from Italy’s Saipem to undertake appraisal activities at a light oil-bearing reservoir discovery made during a drilling campaign on Block 2914 in the Orange Basin off the coast of Namibia.

about 5 months ago
Illustration; Source: Archer
Business Developments & Projects

Multimillion-dollar extension keeps Archer busy in Norway for three more years

Oslo Stock Exchange-listed oil services company Archer has won a multi-year contract extension with Norway’s state-owned energy giant Equinor for work on the Norwegian Continental Shelf (NCS).

about 5 months ago
€100 million EU financing backs Port of Klaipėda’s energy transition path
Business Developments & Projects

€100 million EU financing backs Port of Klaipėda’s energy transition path

The European Investment Bank (EIB) has approved approximately €100 million in financing to support the energy transition, among other things, at the Port of Klaipėda in Lithuania. The €201 million project targets the modernization and expansion of the core Trans-European Transport Network (TEN-T) Po

about 5 months ago
Transocean Enabler rig at sea
Business Developments & Projects

Equinor picks up permit for drilling ops with Transocean rig

Norway’s state-owned energy giant Equinor has obtained a drilling permit for operations in the Barents Sea on the Norwegian Continental Shelf (NCS), which will be conducted with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 5 months ago