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Business Developments & Projects

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Alma’s ammonia-fuelled SOFC system wins DNV’s nod
Business Developments & Projects

Alma’s ammonia-fuelled SOFC system wins DNV’s nod

Norway-based clean power solutions provider Alma Clean Power has received approval in principle (AiP) from classification society DNV for its marine solid oxide fuel cell (SOFC) system.

about 3 years ago
CMA CGM
Business Developments & Projects

CMA CGM launches €200 mln call for decarbonization projects

French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi

about 3 years ago
Illustration; Source: TotalEnergies
Business Developments & Projects

QatarEnergy joins TotalEnergies and Eni on two exploration blocks in Mediterranean’s gas-rich waters

TotalEnergies andEni have completed the transfer of a partial interest to QatarEnergy for two offshore blocks located in Lebanese waters.

about 3 years ago
Equinor advances its low-carbon hydrogen project with major FEED contract in place
Business Developments & Projects

Equinor advances its low-carbon hydrogen project with major FEED contract in place

Norwegian energy giant Equinor has selected units of German engineering company Linde for front-end engineering design (FEED) work and operation and maintenance of its large-scale low-carbon hydrogen plant in the UK. Equinor’s UK project, named Hydrogen to Humber Saltend (H2H Saltend), is a 600-mega

about 3 years ago
Eni inks agreement for gas development project off Libya
Business Developments & Projects

Eni inks agreement for $8 billion gas development project off Libya

Italian oil and gas company Eni and the National Oil Corporation of Libya (NOC) have signed an agreement for the development of a strategic project aimed at increasing gas production to supply the Libyan market as well as to ensure export to Europe. Eni’s CEO Claudio Descalzi and Farhat Bengdara, th

about 3 years ago
Petronas and ExxonMobil ally on CCS in Malaysia
Business Developments & Projects

Petronas and ExxonMobil ally on CCS in Malaysia

Malaysia’s Petronas and oil major ExxonMobil Exploration and Production Malaysia (ExxonMobil) have signed two agreements to jointly pursue carbon capture and storage (CCS) activation projects in Malaysia. Under the agreements, the parties will define their next steps, including the maturation of tec

about 3 years ago
Euronav
Business Developments & Projects

Euronav presses ahead with arbitration against Frontline

Belgian tanker shipping major Euronav has filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement. “This request on the merits follows the request for emergency arbitration that was announced by the company’s press release dated

about 3 years ago
NYK, Ghelia join hands on autonomous ships
Business Developments & Projects

NYK, Ghelia join hands on autonomous ships

Japanese shipping company Nippon Yusen Kaisha (NYK) and compatriot AI solutions provider Ghelia have entered into a business and capital alliance agreement to collaborate on projects regarding autonomous ships.

about 3 years ago
Illustration; Source: Shell
Business Developments & Projects

Shell embarks on a performance improvement mission by merging business segments

Shell has unveiled a simplified organisational structure and executive committee and directorate changes to enhance performance.

about 3 years ago
U.S. offshore rig count slips down few more notches
Business Developments & Projects

U.S. offshore rig count slips down few more notches

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the U.S. took a tumble last week and fell by 3 more units.

about 3 years ago
In focus: European countries keeping pace with the hydrogen uptick
Business Developments & Projects

In focus: European countries keeping pace with the hydrogen uptick

A closer look at this week’s highlights of the latest energy transition-related news gives us an insight into what the future may hold for the sector. With the world’s energy security at the top of nations’ agendas, more and more countries around the world are preparing to shift to renewable energy

about 3 years ago
Drilling campaign in Gulf of Mexico on Murphy’s agenda for 2023
Business Developments & Projects

Drilling campaign in Gulf of Mexico on Murphy’s agenda for 2023

Houston-based oil and gas company Murphy Oil is working on progressing its 2023 drilling campaign in the Gulf of Mexico.

about 3 years ago
Ailes-Marines-Picks-Communication-Solution-for-Saint-Brieuc
Business Developments & Projects

Correll lands Saint-Brieuc cable pull-in gig

Correll Group, Cable Installation & Power Services Division has been awarded a contract with Asso.subsea for cable pull-in operations on the Saint-Brieuc offshore wind farm in France. The full scope of work includes pulling high-voltage subsea cables into the 62 Siemens Gamesa 8 MW wind turbines as

about 3 years ago
License renewal in place for Serica's North Sea gas field
Business Developments & Projects

License renewal in place for Serica’s North Sea gas field

UK-based oil and gas company Serica Energy has received a renewed license and secondary sanctions assurance from the U.S. Office of Foreign Assets Control (OFAC) for the Rhum field in the North Sea, in which the company has a 50 per cent interest. The license and assurance are set to allow certain U

about 3 years ago
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