Oil & Gas

MODEC has been awarded an Approval in Principle (AiP) from Bureau Veritas Marine & Offshore (BV) for a Floating Storage and Injection Unit “LCO₂ FSIU” that is capable to receive, temporarily store and ultimately inject carbon dioxide (CO₂).

A liquefied natural gas (LNG) tanker loaded a cargo from Russia's sanctioned Arctic LNG 2 project last week, making it the sixth loading from the plant so far this year, according to shiptracking data from analytics firms Kpler and Vortexa.

Equinor Energy AS, operator of production licence 094, has proven petroleum in wildcat well 6506/12-PB-3 H.

Van Oord installed a protective scour edge around the Concrete Gravity Structure (CGS) to mitigate the effects of seabed erosion.

The conversion of Scarabeo 5 was completed in less than 24 months

Trafigura signs long-term LNG supply agreement with KOGAS

Aker BP, the operator of production licences 873, 873 B and 1249, has concluded its Omega Alfa exploration campaign in the area around Yggdrasil in the North Sea.

Equinor and partners have struck oil and gas in the Fram area, nine kilometres north of the Troll field in the North Sea.

Yggdrasil is the largest field development project currently underway on the Norwegian continental shelf.

The project concluded in 2025 with the Saipem Constellation executing the installation of flexible risers, umbilicals, and the connection of the pre-laid rigid riser to the FPSO.

The First Steel Cutting ceremony took place at Saipem’s Karimun fabrication yard, marking the official start of construction activities for the Tangguh UCC project, awarded by bp Indonesia.

Saipem, together with the other companies in the consortium, will undertake the review and specification definition of the offshore production facilities.