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Business Developments & Projects

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Illustration; Source: Karoon Energy
Business Developments & Projects

Changes sweep across Karoon’s executive team with CFO and CCTO picks

Karoon Energy, an ASX-listed international oil and gas exploration and production company, has revealed two new appointments to fill the role of Executive Vice President (EVP) and Chief Financial Officer (CFO), alongside the position of EVP and Chief Commercial and Technical Officer (CCTO).

about 6 months ago
Flex Aurora LNG carrier; Source: Flex LNG
Business Developments & Projects

‘Supermajor’ hires Flex LNG’s vessel on multi-year gig

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Bermuda-headquartered liquefied natural gas (LNG) shipping company Flex LNG has lined up a new long-term assignment for a six-year-old LNG carrier with an undisclosed company.

about 6 months ago
Vallourec scores five-contract win in Indonesia
Business Developments & Projects

Vallourec scores five-contract win in Indonesia

French provider of tubular solutions Vallourec has secured five contracts for oil country tubular goods (OCTG) products to be delivered in Indonesia. Vallourec signed two contracts in February for 14,000 tons of OCTG products, part of a series of five contracts signed recently with different operato

about 6 months ago
FPSO Fast4Ward design; Source: SBM Offshore
Business Developments & Projects

SBM Offshore’s FPSO deal with ExxonMobil opens FEED gate for Guyana’s oil project

SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has been entrusted with the front end engineering and design (FEED) studies for a floating production, storage, and offloading (FPSO) vessel destined to be deployed at an oil project, w

about 6 months ago
Valaris DS-17 drillship; Source: Valaris
Business Developments & Projects

Valaris drillship spins the drill bit at Equinor’s $9 billion Brazilian gas project

Norway’s state-owned oil and gas giant Equinor has kicked off drilling activities at its natural gas project off the coast of Brazil with a drillship owned by Valaris, a Bermuda-headquartered offshore drilling contractor.

about 6 months ago
Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres
Business Developments & Projects

Second UK CO2 storage licensing round yields interest for over 2 million North Sea acres

The North Sea Transition Authority (NSTA) has received bids from carbon storage developers for more than 2 million acres of North Sea seabed as part of its second carbon storage licensing round. The licensing round was opened in December 2025, offering five locations offshore Scotland and nine offsh

about 6 months ago
A jack-up rig
Business Developments & Projects

As Paratus closes its jack-up shop, Borr Drilling’s Mexican JV welcoming five rigs

Fontis Finance, an indirect subsidiary of Bermuda-headquartered Paratus Energy Services, is offloading its drilling operations and jack-up fleet to Proyectos Globales de Energía y Servicios CME (CME) and BC Ventures, a newly established 50/50 joint venture between subsidiaries of Bermuda-based Borr

about 6 months ago
Stillstrom, Faber Group and Prysmian launch offshore charging pilot project
Business Developments & Projects

Stillstrom, Faber Group and Prysmian launch offshore charging pilot project

Stillstrom has partnered with Faber Group and Prysmian to develop an offshore charging solution aimed at reducing emissions from vessels operating in the offshore wind sector. The first demonstration trial is scheduled for the fourth quarter of 2026 in Esbjerg. The companies will pilot a system that

about 6 months ago
European shipowner takes Red Rock to subsea crane market
Business Developments & Projects

European shipowner takes Red Rock to subsea crane market

Norway-headquartered advanced lifting and handling solutions provider Red Rock has entered the subsea crane market thanks to a contract with an undisclosed client. Red Rock reported today, March 24, that it had secured a contract for the delivery of an offshore subsea crane, marking the company’s en

about 6 months ago
FPSO Kraken; Source: EnerMech
Business Developments & Projects

New North Sea FPSO job in EnerMech’s hands

Aberdeen-headquartered integrated solutions specialist EnerMech has won a new multi-year deal with Malaysia’s Bumi Armada for a floating production, storage, and offloading (FPSO) vessel deployed in the UK sector of the North Sea.

about 6 months ago
Malaysian firm orders more TCP jumpers from Strohm
Business Developments & Projects

Malaysian firm orders more TCP jumpers from Strohm

Dutch thermoplastic composite pipe (TCP) manufacturer Strohm has won a contract to supply two insulated production jumpers for oil production as part of a field extension project offshore Malaysia. Strohm will deliver two insulated carbon fibre PA12 (CF/PA12) large bore 7-inch internal diameter TCP

about 6 months ago
Calcasieu Pass terminal; Source: Venture Global
Business Developments & Projects

Venture Global and Vitol shake hands on multi-year LNG deal

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has struck a long-term liquefied natural gas (LNG) agreement with Vitol, an energy and commodities company.

about 6 months ago
LNG concept; Source: ST LNG
Business Developments & Projects

Baker Hughes breathing life into offshore LNG export terminal in Texas

U.S.-headquartered energy technology giant Baker Hughes has landed a new assignment in the Lone Star State, which will enable it to work on bringing to life a liquefied natural gas (LNG) export terminal off the coast of Matagorda, Texas.

about 6 months ago
Deutsche Ostsee; Source: Deutsche Regas
Business Developments & Projects

German player picks up permanent permit for LNG terminal with FSRU duo

Germany’s private operator of liquefied natural gas (LNG) terminals, Deutsche ReGas, has secured the go-ahead for the permanent operation of an energy terminal in Mukran with two floating storage and regasification units (FSRUs) using onboard gas generators.

about 6 months ago