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Business Developments & Projects

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A man looking at a large vessel at sea
Business Developments & Projects

PETRONAS clears key milestone for Suriname’s first offshore gas development

A subsidiary of Malaysia’s state-owned energy giant PETRONAS and Suriname’s national oil company (NOC) Staatsolie Maatschappij Suriname (Staatsolie) have achieved a milestone, allowing them to move forward with the development of a gas field offshore Suriname.

about 10 months ago
After Taiwan, Mermaid Maritime creates joint venture in Equatorial Guinea
Business Developments & Projects

After Taiwan, Mermaid Maritime creates joint venture in Equatorial Guinea

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has established a joint venture company in Equatorial Guinea with the African country’s national oil company GEPetrol S.A for services in the oil & gas industry. The primary activity of the j

about 10 months ago
Les Ilots Blandin floating solar farm, France. Copyright: Romain Berthiot
Business Developments & Projects

Spanish firm acquires ‘Europe’s largest’ floating solar plant

Spain-based Velto Renewables has completed the acquisition of what is described as “Europe’s largest” 74.3 MWp Les Ilots Blandin floating solar power plant from renewable energy developer Q Energy, becoming the sole owner of the facility located in Perthes, Haute-Marne, France. The company previousl

about 10 months ago
Audacia
Business Developments & Projects

France’s Audacia launches €150M fund dedicated to next-gen fuels

France-based growth equity firm Audacia has launched Calderion, a €150 million fund dedicated to next-generation fuels such as low-carbon hydrogen, CO2 capture, and e-fuels.

about 10 months ago
Appraisal well was drilled by COSL Prospector rig; Source: COSL
Business Developments & Projects

Vår Energi hits bullseye with Barents Sea appraisal well

Norwegian oil and gas player Vår Energi has confirmed an oil discovery made in the Barents Sea using a semi-submersible rig from COSL’s fleet.

about 10 months ago
MSC Cruises
Business Developments & Projects

MSC Cruises and Chantiers de l’Atlantique shake hands on €3.5B deal for new LNG-fueled World Class duo

MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has signed a ‘massive’ shipbuilding order with France-based Chantiers de l’Atlantique for the construction of two more liquefied natural gas (LNG)-powered World Class-series units. As disclosed, the order—worth a whopping €3.5 billi

about 10 months ago
One of Solstad’s largest CSVs fully commited until end of 2027
Business Developments & Projects

One of Solstad’s largest CSVs fully commited until end of 2027

One of the largest construction support vessels (CSVs) in the Solstad fleet has won a contract award that will keep it fully committed until the end of 2027. As Solstad Maritime (SOMA) reported, the CSV Normand Sentinel secured the award with an international subsea contractor for operations worldwi

about 10 months ago
Amogy and SHI strike multi-year deal for ammonia-to-power systems manufacturing
Business Developments & Projects

Amogy and SHI strike multi-year deal for ammonia-to-power systems manufacturing

U.S.-based provider of ammonia-to-power solutions Amogy and South Korea’s shipbuilding major Samsung Heavy Industries (SHI) have signed a multi-year strategic contract for the manufacturing of Amogy’s ammonia-to-power systems.

about 10 months ago
CMA CGM
Business Developments & Projects

Franco-German maritime relations strengthened as CMA CGM takes stake in EUROGATE Hamburg terminal

French shipping and logistics giant CMA CGM Group has signed a term sheet to acquire a 20% stake in EUROGATE Container Terminal Hamburg (CTH).

about 10 months ago
DeepOcean nets subsea contract to extend life of Equinor’s field operating since 1992
Business Developments & Projects

DeepOcean nets subsea contract to extend life of Equinor’s field operating since 1992

Norway’s state-owned oil & gas giant Equinor has awarded DeepOcean with a contract for subsea construction and installation activities for a project that aims to extend the production life of an oil & gas field operational since 1992. DeepOcean’s scope of work includes the installation of a subsea s

about 10 months ago
Disney Cruise Line
Business Developments & Projects

Disney Cruise Line’s newest LNG-powered unit officially christened

Florida-headquartered Disney Cruise Line has held a naming ceremony for its third cruise ship fueled by liquefied natural gas (LNG). As disclosed, the 340-meter-long and 39-meter-wide vessel was formally named Disney Destiny at its homeport of Port Everglades in Fort Lauderdale, Florida on November

about 10 months ago
CETO technology
Business Developments & Projects

Australian firm secures milestone payment under EuropeWave contract

Australian wave energy developer Carnegie Clean Energy has received a €351,471 payment under its EuropeWave contract, following the completion of the system integration review for the ACHIEVE program. “Thank you to the EuropeWave Project Buyers Group for their continued support!” the company said in

about 10 months ago
FPSO One Guyana; Source: ExxonMobil
Business Developments & Projects

Guyana’s fourth offshore project propels output at Exxon-operated oil block to new heights

The Guyanese subsidiary of U.S.-headquartered energy giant ExxonMobil has reached a production milestone at a field it operates offshore Guyana.

about 10 months ago
FPSO P-79
Business Developments & Projects

8th FPSO starts making its way to Petrobras’ largest producing field

Another floating production storage and offloading (FPSO) unit destined for a field in Brazil’s Santos Basin operated by the country’s oil and gas giant Petrobras has started its journey from Hanwha Ocean’s shipyard.

about 10 months ago
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