Business Developments & Projects

Petrobras strikes another oil-bearing zone in Equatorial Margin frontier

This fresh oil discovery off Brazil’s northern coast encountered a new oil-bearing section at a well in ultra-deep waters of the Amapá state.

MidOcean gets hold of $4 billion in major capital raise to fuel global LNG push

Backed by global institutional and sovereign investors, MidOcean Energy has banked $4 billion to expand its international LNG portfolio.

BP taking the wheel of Namibian license trio as farm-in deal clear final regulatory gate

Namibia approves Eco Atlantic's farm-down to BP across three offshore licenses, bringing the partial divestment to the homestretch.

DOF gets ‘large’ booking for its vessel to undertake undisclosed subsea campaign

DOF bags a new letter of intent (LoI) for an undisclosed subsea campaign, locking in I-class vessel work for 2028.

BW Offshore and McDermott’s blue ammonia FPSO concept catches wind in its sails with DNV backing

DNV's blessing for this blue ammonia FPSO concept paves the way for unlocking scalable, low-carbon offshore energy production.

BlueNewables and Naturgy testing Spanish waters as 1MW floating solar project kicks off in Valencia

BlueNewables and Naturgy have broken ground on Spain’s first major offshore test, deploying a 1MW floating solar project off the coast of Valencia.

Borr Drilling’s rig trio lines up jobs in Africa and Europe

Three rigs from Borr Drilling's fleet have picked up new awards off the coasts of West Africa, Nigeria, and the United Kingdom (UK).

Inpex broadens its Southeast Asian horizons with two offshore blocks

The acquisition contributes to the expansion of Inpex’s natural gas and LNG business in Southeast Asia.

Dutch LNG terminal capacity rises to 20 billion cubic meters with 4th tank

The Gate LNG terminal on Rotterdam’s Maasvlakte is bringing a massive 180,000-cubic-meter (cbm) storage tank online.

EnerMech stays with Chevron in Australia until end of 2031

Centrica secures two-decade-long LNG supply from Canadian project

Centrica will buy 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) on a free-on-board basis for 20 years.

Digital twin technology to help improve safety of ammonia-fueled vessels