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Business Developments & Projects

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Oil output drops below prediction in May as Norway records slightly higher gas production
Business Developments & Projects

Oil output on the decline as Norway records slightly higher gas production in May

Norway saw a small increase in gas production while its oil output dropped below NPD’s predications for the third month in a row.

about 4 years ago
Island Innovator rig - Island Drilling
Business Developments & Projects

Spud date for exploration well off South Africa draws near

Eco (Atlantic) Oil & Gas and its partners are planning to start drilling an exploration well offshore South Africa in the third quarter of this year.

about 4 years ago
Danish govt to hold co-ownership in future CO2 storage licenses under new political deal
Business Developments & Projects

Danish govt to hold co-ownership in future CO2 storage licenses under new political deal

The Danish government has signed a new political agreement with eight parties which implies that it will have a 20% co-ownership in future carbon storage licenses in the North Sea. Danish parties Venstre, Socialistisk Folkeparti, Radikale Venstre, Enhedslisten, Det Konservative Folkeparti, Dansk Fol

about 4 years ago
ESL Shipping
Business Developments & Projects

ESL Shipping receives $21M for electric hybrid vessels

Finnish shipping company ESL Shipping, part of Aspo, has signed a €20 million ($21 million) loan agreement with Nordic Investment Bank (NIB).

about 4 years ago
PEL 83 - Namibia
Business Developments & Projects

Fresh exploration well on the cards for Namibia’s deep waters

Galp has secured an extension for an exploration licence located offshore Namibia close to Shell’s Graff and TotalEnergies’ Venus discoveries.

about 4 years ago
Baltic Pipe: Key onshore section ready for start-up
Business Developments & Projects

Baltic Pipe: Key onshore section ready for start-up

GAZ-SYSTEM has completed the technical acceptance of the Goleniów – Ciecierzyce gas pipeline, another onshore section of the Baltic Pipe, 30 days before the planned date.

about 4 years ago
Sempra Infrastructure
Business Developments & Projects

INEOS signs 1.4 mtpa LNG deal with Sempra Infrastructure

London-based energy player INEOS has signed a deal with U.S. LNG company Sempra Infrastructure for the potential supply of 1.4 million tonnes per annum (mtpa) of LNG for 20 years.

about 4 years ago
Over $1 million for US-produced micro-sized autonomous underwater vehicles
Business Developments & Projects

Over $1 million for US micro-sized autonomous underwater vehicles

Rhode Island-based Jaia Robotics has raised more than $1 million in seed funding that will be used for its micro-sized autonomous underwater vehicles (AUVs). Jaia Robotics, founded in 2020, specializes in developing what are said to be low-cost, high-speed, micro-sized configurable autonomous marine

about 4 years ago
MOL
Business Developments & Projects

MOL creates Philippine subsidiary to drive shipping decarbonisation

Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to establish a wholly-owned subsidiary called EcoMOL, which will tackle immediate GHG emission reduction by ships’ operational efficiency through digital solutions.

about 4 years ago
TotalEnergies’ latest well flow test marks “significant step forward” for project development off Suriname
Business Developments & Projects

TotalEnergies’ latest flow test in Suriname to shape future activity

TotalEnergies and its partner APA Corporation have completed a flow test on an exploration well in Block 58 offshore Suriname.

about 4 years ago
GAC
Business Developments & Projects

GAC Norway onboard hydrogen energy research project

Shipping and logistics company GAC Norway, part of GAC Group, has joined Norwegian hydrogen energy project HyValue, as part of its commitment to sustainability and accelerating decarbonisation across the wider maritime industry.

about 4 years ago
Beach Energy seeking approval for infill drilling off Australia to meet demand for natural gas
Business Developments & Projects

Beach Energy makes plans for infill drilling off Australia to meet gas demand

Beach Energy has submitted an environment plan to the Australian offshore regulator for infill drilling on a field in Commonwealth waters.

about 4 years ago
University of Rhode Island selected for TEAMER program
Business Developments & Projects

University of Rhode Island accepted into TEAMER program

The University of Rhode Island (URI) has been accepted into the U.S. Department of Energy’s Testing Expertise and Access for Marine Energy Research (TEAMER) program.

about 4 years ago
Northern Lights
Business Developments & Projects

ABB gets in on Norway’s Northern Lights project

Technology group ABB has secured a contract with Aker Solutions to deliver the main electrical, automation and safety systems for the Northern Lights project, the transport and storage component of Norway’s Longship project for establishing full-scale CO2 capture, transport and storage facilities. N

about 4 years ago
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