The Energy NL Conference & Exhibition concluded with discussions focused on offshore development, energy security, regulatory certainty and Newfoundland and Labrador’s growing role in supplying energy to global markets.
SBM Offshore plans to divest a 45% ownership stake in the FSO Chalchi project to NYK while retaining majority ownership. The floating storage and offloading vessel is being developed for Woodside’s Trion deepwater project offshore Mexico.
MODEC and Eld Energy have signed an agreement to develop a 1.2-MW solid oxide fuel cell power system integrated with carbon capture technology for future FPSOs, with onshore testing targeted for 2029.
The U.S. House of Representatives has passed legislation to reauthorize the Permit Processing Improvement Fund, an industry-funded program that supports Bureau of Land Management offices responsible for oil and gas leasing, permitting and production activities on federal lands.
Velesto has secured a contract from Northern Gulf Petroleum to provide the NAGA 6 jackup rig for a drilling campaign in the Gulf of Thailand, including four infill wells and three exploration wells.
Expro has secured a contract extension of up to five years to provide subsea completion and intervention services in the U.S. Gulf, including deployment of its Solus shear-and-seal valve technology designed to enhance well integrity and operational safety.
India is seeking deeper energy ties with Venezuela, including expanded crude imports and potential upstream investment opportunities, as the Iran conflict and disruptions to Strait of Hormuz traffic drive efforts to diversify oil supplies.
Project updates on Bay du Nord and West White Rose highlighted the second day of the Energy NL Conference & Exhibition, alongside discussions on regulatory reform, Indigenous participation and future energy opportunities in Atlantic Canada.
Aramco has selected McDermott for a long-term project management consultancy agreement supporting energy, petrochemical and low-carbon developments across Saudi Arabia, strengthening the contractor’s role in the Kingdom’s future project portfolio.
Fresh military exchanges between the U.S. and Iran are placing new strain on a fragile ceasefire and raising uncertainty around negotiations aimed at reopening the Strait of Hormuz and restoring regional energy flows.
