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Business Developments & Projects

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Tyra field in the North Sea - Denmark
Business Developments & Projects

Denmark to harvest full potential of North Sea to ensure independence from Russian fossil fuels

Denmark has decided to speed up its renewable energy production and temporarily boost its gas output from the North Sea fields.

about 4 years ago
U.S. oilfield services giants record revenue growth, expecting further improvement during 2022
Business Developments & Projects

U.S. oilfield services giants book more in revenues, expecting further improvement in 2022

Oilfield services providers Halliburton & Baker Hughes revealed improvements in their 1Q 2022 financial performances on a y-o-y basis.

about 4 years ago
Gidara Energy sets up Advanced Methanol Rotterdam facility
Business Developments & Projects

Gidara Energy sets up Advanced Methanol Rotterdam facility

Dutch energy company Gidara Energy and the Port of Rotterdam will set up an advanced biofuels facility in the Netherlands called Advanced Methanol Rotterdam.

about 4 years ago
BayWa commissions its first floating solar project outside of Europe
Business Developments & Projects

BayWa r.e. commissions its first floating solar project outside Europe

German renewable energy company BayWa r.e. has commissioned its first floating solar project in the Asia-Pacific region, also the first outside of Europe.

about 4 years ago
Wärtsilä
Business Developments & Projects

Wärtsilä invests in Marindows to help Japanese shipping market decarbonise

Wärtsilä Voyage, part of the Finnish technology group Wärtsilä, has completed an investment in Marindows, a Japanese company delivering an open digital platform for Japan’s marine industry.

about 4 years ago
Maersk Convincer rig
Business Developments & Projects

ADES to take over jack-up rig from Maersk

Maersk Drilling has entered into an agreement with ADES to sell a jack-up rig for $42.5 million in an all-cash transaction.

about 4 years ago
Works on Shetland HVDC link pressing on, first subsea installation set for summer 2022
Business Developments & Projects

Works on Shetland HVDC link pressing on, first subsea installation set for summer 2022

The Shetland HVDC subsea link project has reached several milestones in recent months with the completion of UXO surveys and the first phase of boulder relocation as well as onshore drilling work.

about 4 years ago
Silverstream
Business Developments & Projects

MMHE, Silverstream ink partnership to promote air lubrication tech

Marine engineering and construction services provider Malaysia Marine and Heavy Engineering (MMHE) has signed a strategic agreement with UK cleantech company Silverstream Technologies.

about 4 years ago
Malta seeking FEED services for 2nd electrical cable link with Sicily
Business Developments & Projects

Malta seeking FEED services for 2nd electrical cable link with Sicily

Government-owned InterConnect Malta has launched a call for tenders seeking the provision of front end engineering design (FEED) for the second electrical cable interconnection project between Malta and Sicily.

about 4 years ago
Masdar targets floating solar projects in Kyrgyzstan under new MoU
Business Developments & Projects

Masdar targets floating solar projects in Kyrgyzstan under new MoU

UAE government-owned Masdar has signed a Memorandum of Understanding (MoU) with Kyrgyzstan’s Ministry of Energy to explore the development of renewable energy opportunities, including floating solar and hydropower, as well as onshore solar PV projects.

about 4 years ago
ConocoPhillips cheers Greater Ekofisk Area life extension with new project in the pipeline
Business Developments & Projects

With 50 years of operations under its belt, Ekofisk gets another life extension

Norwegian Ministry of Petroleum and Energy has extended ConocoPhillips’ production licenses in the Greater Ekofisk Area.

about 4 years ago
Recently-launched subsea cable producer signs UK Steel Charter
Business Developments & Projects

Recently-launched subsea cable producer signs UK Steel Charter

XLCC has signed the UK Steel Charter, committing to create a new export-led HVDC cable manufacturing industry for the UK. The UK Steel Charter aims to maximize opportunities for the UK economy and UK steel producers by encouraging and promoting measures that can be taken in relation to the procureme

about 4 years ago
Searcher’s seismic data reveals ‘exciting’ oil prospectivity offshore Oman
Business Developments & Projects

Searcher’s seismic data reveals ‘exciting’ oil prospectivity offshore Oman

Searcher Seismic has entered into a strategic partnership with the Ministry of Energy and Minerals of Oman (MEM) to acquire several new seismic surveys and reprocess legacy seismic data both offshore and onshore Oman.

about 4 years ago
MadoquaPower2X consortium to produce hydrogen and ammonia in Portugal
Business Developments & Projects

MadoquaPower2X consortium to produce hydrogen and ammonia in Portugal

European consortium MadoquaPower2X launches a $1.08 billion industrial-scale project for large-scale production of green hydrogen and ammonia in Sines, Portugal.

about 4 years ago
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