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Business Developments & Projects

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Scarabeo 8; Source: Saipem
Business Developments & Projects

Fresh gas discovery augments Aker BP’s North Sea arsenal

Norwegian oil and gas company Aker BP has struck gas in the North Sea, opening up a new opportunity 25 kilometers north of the Duva field. The operator and its partners will now assess whether the discovery could be commercially viable.

about 1 month ago
Illustration of FPSO with full scale (100 MW) SOFC installation with integrated carbon capture; Source: MODEC
Business Developments & Projects

MODEC, Eld Energy chart path to low-carbon FPSO power with ABS milestone

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Japan’s MODEC and Eld Energy, a Norwegian fuel cell system company, have cleared a key milestone in the new technology qualification (NTQ) process from the American Bureau of Shipping (ABS), advancing their solid oxide fuel cell (SOFC) power system toward deployment on operating floating production,

about 1 month ago
COSL Innovator rig; Source: COSL Drilling Europe
Business Developments & Projects

Thumbs-up for Equinor’s North Sea drilling ops with COSL rig

Norway’s state-owned energy giant Equinor has secured a drilling permit for operations in the North Sea on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 1 month ago
Illustration; Source: Shell
Business Developments & Projects

Shell and MET Group pen new multi-year US LNG supply deal

MET International, the trading and wholesale arm of Swiss-based integrated energy company MET Group, and UK-headquartered energy giant Shell have struck a long-term liquefied natural gas (LNG) agreement to strengthen Europe’s energy security with LNG sourced from the United States (U.S.).

about 1 month ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business Developments & Projects

Germany-UAE energy ties deepen as RWE, Masdar and ADNOC eye LNG supply and €3B offshore wind investment

Germany and the United Arab Emirates are stepping up energy cooperation, with German power producer RWE joining Abu Dhabi clean-energy firm Masdar and oil and gas giant ADNOC to pursue plans spanning more than €3 billion in potential offshore wind investment and advancing talks on long-term liquefie

about 1 month ago
Gjøa; Source: Vår Energi
Business Developments & Projects

Fulkrum steps up Norwegian offshore oil & gas presence with Vår Energi deal

Fulkrum, a London-headquartered technical services company providing inspection, expediting, auditing and technical staffing solutions to energy and industrial projects, has landed an inspection services contract with Vår Energi, an independent oil and gas operator on the Norwegian Continental Shelf

about 1 month ago
SED Energy Holdings and Ventura Offshore to unite into one
Business Developments & Projects

SED Energy Holdings and Ventura Offshore to unite into one

SED Energy Holdings and Ventura Offshore have signed a letter of intent (LoI) for an all-share combination with the aim of creating a larger and stronger publicly listed energy services platform. Energy Holdings will acquire 100% of the outstanding shares in Ventura Offshore, remaining the listed pa

about 1 month ago
New Boskalis rock installation vessel starts work offshore Poland
Business Developments & Projects

New Boskalis rock installation vessel starts work offshore Poland

Boskalis’s recently commissioned subsea rock installation vessel, the Windpiper, has placed the first rock on its maiden project, the Bałtyk 2 and Bałtyk 3 offshore wind farms in the Baltic Sea, developed by Equinor and Polenergia Offshore Wind Poland. Shortly after the christening ceremony, the Win

about 1 month ago
21 companies apply for Norway’s new oil & gas exploration areas
Business Developments & Projects

21 companies apply for Norway’s new oil & gas exploration areas

The Norwegian Ministry of Energy has received applications from 21 companies showing interest in new exploration areas on the Norwegian Continental Shelf (NCS) as part of this year’s Awards in predefined areas (APA) licensing round. APA 2026 was announced on May 5, with applications closing on Septe

about 1 month ago
Spanish shipyard launches its largest-ever vessel, built for Østensjø Rederi
Business Developments & Projects

Spanish shipyard launches its largest-ever vessel, built for Østensjø Rederi

Spanish GONDAN Shipbuilders has launched a 120-meter-long ocean energy support vessel (OESV), the largest-ever vessel built by the shipyard, for Norway’s shipowner Østensjø Rederi. The C513 OESV was launched on September 10 at GONDAN’s Figueras facility and is the 23rd vessel the Spanish shipyard bu

about 1 month ago
Illustration; Source: Next Geosolutions
Business Developments & Projects

Italy’s NextGeo to open office in Germany

Italy-headquartered offshore survey specialist Next Geosolutions (NextGeo) is expanding into Germany with a new office to open in Bremen. According to the company, Bremen’s position at the heart of the North Sea maritime cluster and its growing marine technology community provide a strong environmen

about 1 month ago
Deepsea Bergen rig; Source: Odfjell Drilling
Business Developments & Projects

Odfjell Drilling’s new rig busy until 2031 thanks to deal with Vår Energi

Odfjell Drilling has signed a letter of award (LOA) with Vår Energi for a 2019-built semi-submersible rig that it purchased at the end of 2025, extending the unit’s firm contract backlog until Q1 2031. The scope of work awarded for Deepsea Bergen includes a period of three years, starting in early 2

about 1 month ago
Illustration; Source: McDermott
Business Developments & Projects

First subsea contract with Eni takes McDermott to Cyprus

U.S. offshore engineering and construction player McDermott has secured its first subsea contract with Eni for the first gas development in Cyprus. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in offshore Block 6, Cronos was disco

about 1 month ago
Saipem put in charge of commissioning services for Türkiye-bound FPU
Business Developments & Projects

Saipem put in charge of commissioning services for Türkiye-bound FPU

Saipem has secured a new contract with GOE Petrol Sanayi to provide commissioning services for a floating production unit (FPU) destined for Türkiye’s largest natural gas field. Saipem’s scope of work for the Osman Gazi FPU, intended for the development of the Sakarya gas field in the Turkish Black

about 1 month ago