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Business Developments & Projects

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RINA and Hanwha ink MoU for battery-hybrid propulsion systems
Business Developments & Projects

RINA and Hanwha ink MoU for battery-hybrid propulsion systems

Ship classification, inspection, certification and consulting engineering group RINA and South Korean conglomerate Hanwha Group have signed a memorandum of understanding (MoU) to promote the adoption of battery-hybrid propulsion systems in the maritime sector. According to RINA, the collaboration ai

about 6 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Business Developments & Projects

Third well comes online at Brazilian oil field

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Brazilian oil and gas company PRIO, formerly known as PetroRio, has started production from another well at its subsea tie-back project in the Campos basin off the coast of Brazil.

about 6 months ago
Netherlands to establish new offshore electricity bidding zone linked to planned interconnector
Business Developments & Projects

Netherlands to establish new offshore electricity bidding zone linked to planned interconnector

The Netherlands will introduce a new offshore electricity bidding zone for wind farms that will be linked to the planned 1.8 GW LionLink hybrid interconnector, which will connect the Dutch and UK grids. The LionLink project was launched in April 2023 and is led by the countries’ transmission system

about 6 months ago
Ivar Aasen platform; Source: Aker BP
Business Developments & Projects

First oil gushes out of North Sea project

Norwegian oil and gas player Aker BP has put into production mode its subsea tie-back project in the North Sea off the coast of Norway.

about 6 months ago
BW MaBoMo; Source: BW Energy
Business Developments & Projects

25‑year licence extension opens doors to output and investment boost at BW Energy’s asset

Oslo-listed oil and gas E&P player BW Energy has secured a multi-year licence extension for its core producing asset off the coast of Gabon, Africa.

about 6 months ago
Paul B. Loyd Jr. rig; Source: Dolphin Drilling
Business Developments & Projects

Dolphin Drilling lines up new gig to keep its rig busy until August 2030

Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has secured a potential long-term assignment for one of its semi-submersible rigs.

about 6 months ago
Hunting gets $63.5 million of subsea orders for new development off Guyana
Business Developments & Projects

Hunting gets $63.5 million of subsea orders for new development off Guyana

London-headquartered energy services provider Hunting has received subsea orders totalling $63.5 million for a new offshore development in Guyana. The award covers the delivery of Hunting‘s titanium stress joint (TSJ) product line, used on floating production, storage and offloading (FPSO) vessels,

about 6 months ago
Valaris DS-4 drillship; Source: Valaris
Business Developments & Projects

Petrobras expands Valaris drillship’s stay in Brazil

Bermuda-incorporated offshore drilling contractor Valaris has secured more drilling work for one of its drillships off the coast of Brazil with the country’s state-owned energy giant Petrobras.

about 6 months ago
Illustration; Source: Oil & Natural Gas Corporation (ONGC)
Business Developments & Projects

Ten workers suffer injuries as fire breaks out at Asian offshore oil platform

India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has reported a fire at an offshore platform. The incident left multiple workers injured.

about 6 months ago
West Polaris drillship; Source: Seadrill
Business Developments & Projects

Seadrill’s drillship staying 1,095 days longer with Petrobras

Brazil’s state-owned energy giant Petrobras has prolonged a drilling assignment that an ultra-deepwater drillship is carrying out in the South American country.

about 6 months ago
Wave-Op is working on the Dike Wave Energy (Dikwe) project in the port of Boulogne-sur-Mer; Source: Fimetal
Business Developments & Projects

Construction continues for French full-scale wave energy demonstrator

Wave-Op, a joint venture between the Legendre Group and Geps Techno dedicated to innovation in coastal and port infrastructure, is progressing the construction of its first full-scale demonstrator for what it describes as a unique wave-powered system, combining coastal protection and renewable elect

about 6 months ago
Oil spill east of Gotland; Courtesy of Swedish Coast Guard
Business Developments & Projects

Vessel detained under suspicion over Baltic Sea oil spill is on EU sanctions list

The Swedish Coast Guard has decided to launch a probe into a ship suspected of causing an oil spill in the Baltic Sea, east of Gotland, ordering the vessel to anchor in Swedish territorial waters.

about 6 months ago
LNG tanker (for illustration purposes); Source: U.S. Department of Energy
Business Developments & Projects

EXIM rubber-stamps over $2 billion for US LNG export to Egypt

The Export-Import Bank of the United States (EXIM), the United States government’s official export credit agency that supports American jobs by facilitating U.S. exports, has given the go-ahead for an export credit insurance authorization of more than $2 billion to send U.S. liquefied natural gas (L

about 6 months ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business Developments & Projects

Asian multi-well drilling campaign bumped to May

A drilling campaign, which Jasmine Energy (JEL), a subsidiary of Singapore’s Rex International, is planning to embark on off the coast of Oman, has been moved to the second quarter of 2026.

about 6 months ago