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Business Developments & Projects

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NH3 Clean Energy raises $710K to propel flagship ammonia project forward
Business Developments & Projects

NH3 Clean Energy raises $710K to propel flagship ammonia project forward

Australia’s NH3 Clean Energy has raised $710,000 (before costs) to advance its flagship WAH2 ammonia project – a clean ammonia export and bunkering initiative.

about 1 year ago
Transocean Enabler rig at sea
Business Developments & Projects

Fresh Barents Sea oil find offers tie-in opportunity for Equinor

Norwegian state-owned energy giant Equinor has made an oil discovery in the proximity of a field it operates in the Barents Sea using a rig owned by Switzerland-based offshore drilling contractor Transocean.

about 1 year ago
Alotta's floating solar power plant at Emilsen Fisk's facility in Båfjordstranda, Norway
Business Developments & Projects

Second floating solar plant on the way for Norway’s northernmost fish farm

Norwegian fish farming company Emilsen Fisk has ordered a second floating solar power plant from Ålesund-based Alotta, just weeks after commissioning the first unit. According to Alotta, the system, an Alotta Circle Mc120, has already supplied over 90% of the site’s energy needs through solar and ba

about 1 year ago
Petrobras and Fugro deepen decades-long alliance with $340M in four multi-year contracts
Business Developments & Projects

Petrobras and Fugro deepen decades-long alliance with four contracts worth $340M

Brazilian oil & gas giant Petrobras and Dutch geo-data specialist Fugro have expanded their decades-long partnership with four multi-year contracts that together have an approximate value of $340 million. Following a tender procedure, Fugro has been awarded four multi-year, day-rate contracts for th

about 1 year ago
Brage platform; Source: OKEA
Business Developments & Projects

New wildcat on North Sea asset’s drilling agenda next month

OKEA has secured a drilling permit for an exploration well in the North Sea off the Norwegian coast, which is scheduled to be drilled in July 2025.

about 1 year ago
Minesto has completed dragon 12
Business Developments & Projects

Minesto-led consortium gets $2.6M for tidal microgrid in Faroe Islands

Minesto, a Swedish tidal energy developer, is leading a consortium of four that has been awarded a SEK 25 million (approximately $2.6 million) grant funding from the Swedish Energy Agency to build a complete microgrid installation in the Faroe Islands. The consortium includes Minesto, microgrid tech

about 1 year ago
‘World’s first’ LCO2/methanol carrier gets stamp of approval
Business Developments & Projects

‘World’s first’ LCO2/methanol carrier gets stamp of approval

Japanese shipping major Mitsui O.S.K. Lines (MOL) and compatriot Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI), have secured approval in principle (AiP) for their jointly developed liquefied CO2 (LCO2)/methanol carrier.

about 1 year ago
Several people standing in several rows at a steel-cutting ceremony for FPSO Gato do Mato
Business Developments & Projects

Japanese duo starts building Shell’s Brazil-bound FPSO

The steel-cutting ceremony for a floating production storage and offloading (FPSO) unit destined for a field offshore Brazil operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell was held at the Sumitomo Heavy Industries’ Yokosuka shipyard in Japan.

about 1 year ago
Darwin LNG terminal; Courtesy of Santos
Business Developments & Projects

$19 billion takeover bid takes step forward: Santos and ADNOC-led firm embark on talks

With a six-week exclusive due diligence period in effect, Australia’s energy player Santos has kicked off negotiations concerning an $18.7 billion non-binding indicative offer for all its shares with a consortium led by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), comprising Abu Dhab

about 1 year ago
12-year-old vessel at work for Equinor after rebuild project
Business Developments & Projects

12-year-old vessel at work for Equinor after rebuild project

A construction support vessel (CSV) owned by Norway’s shipping player Rem Offshore has begun working for Norwegian state-owned energy giant Equinor following an extensive rebuild and mobilization project. In pursuit of more sustainable operations, efficiency enhancements, and cost savings, Rem Offsh

about 1 year ago
LNG terminal
Business Developments & Projects

Texas Gulf Coast getting new low-carbon LNG export facility

A privately held energy infrastructure development company plans to develop a liquefied natural gas (LNG) facility on the Texas Gulf Coast.

about 1 year ago
Ormen Lange development; Source: Shell
Business Developments & Projects

More gas for Europe as Shell turns on the taps at Norwegian field’s next chapter

Shell has brought online a new phase of its natural gas field in the Norwegian Sea, which is set to augment the amount of gas recovered from the asset, bolstering Europe’s energy security.

about 1 year ago
Imabari
Business Developments & Projects

Japan’s ‘top’ shipbuilder restructures: Imabari gains upper hand in JMU

Imabari Shipbuilding, considered to be one of the biggest shipbuilding players in Japan, has entered an agreement with compatriot JFE Steel Corporation and IHI Corporation to acquire a portion of the shares of Japan Marine United Corporation (JMU) previously owned by JFE and IHI. As disclosed, once

about 1 year ago
Several people holding documents at an agreement signing ceremony
Business Developments & Projects

PTT secures first long-term LNG export contract outside Thailand

Thailand’s state-owned oil and gas company PTT has signed a heads of agreement (HoA) with the U.K.-based energy company Centrica Energy for a long-term supply of liquefied natural gas (LNG).

about 1 year ago
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