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Business Developments & Projects

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Deepsea Bollsta; Source: Odfjell Drilling
Business Developments & Projects

OMV’s Norwegian wildcat ends up being dry

OMV Norge, a Norwegian subsidiary of Austria-headquartered oil and gas player OMV, has drilled a dry well off the coast of Norway, using a semi-submersible rig managed by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
A map showing offshore field location
Business Developments & Projects

Namibian-Canadian duo secures another year of Orange Basin exploration

The National Petroleum Corporation of Namibia (NAMCOR) and Giraffe Energy Investments, an affiliate of Canada’s Sintana Energy, have secured an extension for a production exploration license (PEL) in Namibia’s Orange Basin.

about 1 year ago
Sumitomo's UK-produced subsea cables to link Kent and Suffolk
Business Developments & Projects

Sumitomo’s UK-produced subsea cables to link Kent and Suffolk

The UK National Grid has selected Sumitomo Electric Industries as the preferred bidder to supply and install 138 kilometers of subsea cable for Sea Link, a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk. Sumitomo Electric will perform the work out of its manuf

about 1 year ago
FPSO; Source: MODEC
Business Developments & Projects

MODEC gives FPSO decarbonization a leg up with solid oxide fuel cell tech

As part of its toolbox of initiatives aimed at curbing the carbon footprint from its floating production, storage, and offloading (FPSO) fleet, Japan’s MODEC has tasked Eld Energy, a Norwegian fuel cell system company, with the design and manufacture scope of work for a solid oxide fuel cell (SOFC)

about 1 year ago
Singapore
Business Developments & Projects

MPA, Firmus Technologies to examine if seawater cooling systems support sustainable AI infrastructure

The Maritime and Port Authority of Singapore (MPA) and Firmus Technologies, a Singapore-based technology company specializing in energy-efficient, AI-optimized infrastructure, have signed a memorandum of understanding (MoU) to collaborate on the study of sustainable, modular AI factories utilizing s

about 1 year ago
Seatrium
Business Developments & Projects

Seatrium secures $400 million sustainability-linked credit facility

Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB).

about 1 year ago
C40 Cities
Business Developments & Projects

Maersk-backed Prometheus ready to bring sustainable e-fuels to the market

Prometheus Fuels (Prometheus), a US-based producer of low-cost, carbon-neutral fuels backed by Denmark’s shipping giant A.P. Moller – Maersk, has reached commercial readiness for its proprietary e-fuels manufacturing system. As disclosed, the company’s Titan Forge Alpha prototype has ‘successfully’

about 1 year ago
Heidrun field on Haltenbanken in the Norwegian Sea; Source: Harald Pettersen/Equinor
Business Developments & Projects

Equinor knocks on TechnipFMC’s door for North Sea asset extension

Norwegian state-owned energy giant Equinor has selected the UK-headquartered energy technology provider TechnipFMC for work on its project in the Norwegian North Sea.

about 1 year ago
First for Petrobras as it puts Strohm’s thermoplastic composite pipe to test
Business Developments & Projects

First for Petrobras as it puts Strohm’s thermoplastic composite pipe to test

Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the first field trials with Brazilian oil & gas giant Petrobras for its TCP design, performed at water depths of approximately 1,500 meters offshore Brazil. According to Strohm, the testing and engineering assessments were conduc

about 1 year ago
TEAMER expands technical support with subsea firm
Business Developments & Projects

TEAMER expands technical support with subsea firm

Texas-based 3U TECHNOLOGIES has been added to the U.S. Testing Expertise and Access for Marine Energy Research (TEAMER) facility network. According to TEAMER, the company name refers to “Underground Underwater Under-Ice,” reflecting its capability to support a wide range of subsea numerical modellin

about 1 year ago
FSRU Energos Winter; Source: Energos Infrastructure
Business Developments & Projects

Egypt weeks away from upping its security of gas supply with another FSRU

A floating storage and regasification unit (FSRU), owned by Energos Infrastructure, formed by a joint venture between the U.S. energy infrastructure player New Fortress Energy (NFE) and Apollo Global Management, has secured a multi-year deal for deployment at a liquefied natural gas (LNG) import ter

about 1 year ago
A FSRU at sea
Business Developments & Projects

Four years in the making: Africa’s first LNG-to-power project up and running off Senegal

A vessel from the fleet of Türkiye’s Karpowership has started producing energy using liquefied natural gas (LNG) off the coast of Senegal.

about 1 year ago
Illustration; Source: CNOOC
Business Developments & Projects

Another ‘major breakthrough’ for Asian giant as new oil & gas pay zone comes to light

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has expanded its discovered oil and gas reserves with a new hydrocarbon find in the Beibu Gulf of the South China Sea.

about 1 year ago
Illustration; Source: BOEM
Business Developments & Projects

Interview on America’s tax overhaul: Investment ‘catalyst’ across energy spheres but deadlines spell potential trouble for wind & solar

The latest action the United States (U.S.) has taken to unlock its energy dominance, encapsulated in a new tax reconciliation bill, which President Donald J. Trump signed into law, has set the stage for an uptick in domestic energy to drive down costs by inciting new investments across all energy do

about 1 year ago
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