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Business Developments & Projects

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A digital rendering of an LNG plant by the coast
Business Developments & Projects

Canada’s pipeline with potential LNG link cleared to move forward

A pipeline project being developed by NW Infrastructure Limited Partnership, a joint venture between Western LNG and the Nisga’a Nation, in Canada’s British Columbia, has received the green light to continue with construction activities.

about 1 year ago
Water2Energy’s Tidal Turbine
Business Developments & Projects

Water2Energy tidal turbine boosts output by 20% with new pitch control system

Dutch-based company Water2Energy (W2E) has reported a 20% increase in turbine output following the deployment of its enhanced pitch control system, outperforming earlier performance estimates, according to Offshore For Sure (O4S). The improvement is attributed to individual blade pitch control, whic

about 1 year ago
Damaged Finland-Estonia subsea link to resume operations earlier than planned
Business Developments & Projects

Damaged Finland-Estonia subsea link to resume operations earlier than planned

EstLink 2, the electricity transmission link between Finland and Estonia that was damaged at the end of 2024, is set to return to commercial use on June 25, earlier than planned. Finnish transmission system operator (TSO) Fingrid reported to the authorities on December 25, 2024, the failure of Estli

about 1 year ago
Cable installation for Shetland HVDC link to resume next month
Business Developments & Projects

Export cable installation to start at East Anglia Three offshore wind farm

NKT, using its vessel NKT Victoria, is scheduled to start installing the export cable for the 1.4 GW East Anglia Three offshore wind farm in the UK this month. The vessel is expected to mobilize from the port of Karlskrona in Sweden on June 14 and work on the East Anglia Three site 24/7, conducting

about 1 year ago
Offshore platform at sunset
Business Developments & Projects

Busy times ahead for Singaporean player off Benin and Norway

Singapore’s Rex International has shared updates on the short-term plans of its affiliates for assets offshore Benin and Norway.

about 1 year ago
FPSO Aseng; Source: SBM Offshore
Business Developments & Projects

SBM Offshore pulling out of Equatorial Guinea with FPSO divestment

SBM Offshore has struck a deal with GEPetrol to say goodbye to a floating production, storage, and offloading (FPSO) unit, which will enable it to take its leave from Equatorial Guinea.

about 1 year ago
Höegh Evi and Aker BP’s LCO2 carrier gets DNV’s blessing
Business Developments & Projects

Höegh Evi and Aker BP’s LCO2 carrier gets DNV’s blessing

Marine energy infrastructure developer Höegh Evi and oil major Aker BP have received an approval in principle (AiP) from classification society DNV for their liquefied CO2 (LCO2) carrier design in what was described as “a significant step” in enabling the carbon capture and storage (CCS) value chain

about 1 year ago
BIMCO’s new clause to support biofuel use in time charters
Business Developments & Projects

BIMCO’s new clause to support biofuel use in time charters

Shipping association BIMCO has formed a new subcommittee to develop a Biofuel Clause for Time Charter Parties in a bid to address the legal and operational challenges stemming from the growing use of biofuels in shipping.

about 1 year ago
BAR Technologies
Business Developments & Projects

Union Maritime gears up for arrival of ‘world’s first’ newbuild tanker fitted with WAPS

The UK-based shipping player Union Maritime (UML) is all but ready to receive its future-proof long-range 2 (LR2) tanker, the first in a batch of fourteen, equipped with a wind-assisted propulsion solution (WAPS) developed by compatriot design and engineering firm BAR Technologies. As disclosed, the

about 1 year ago
Centrica
Business Developments & Projects

£20 billion gas deal gives UK’s energy security a shot in the arm

Equinor has inked a multi-year gas sales agreement with Britain’s Centrica, which is expected to strengthen energy security in the United Kingdom (UK).

about 1 year ago
bound4blue
Business Developments & Projects

bound4blue WAPS performance calculation method wins DNV nod of approval

Spanish automated wind-assisted propulsion system specialist bound4blue has secured validation from Norway’s classification society DNV for its wind propulsion performance methodology. As disclosed, bound4blue received DNV’s approval on June 5 for its ‘wind propulsion system force matrix’ calculatio

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

Petrobras makes a play for offshore acreage in Côte d’Ivoire

Petrobras has taken steps to secure offshore assets in Côte d’Ivoire, also known as Ivory Coast, by handing over a declaration of interest for exploration blocks in this country, which is located on the west coast of Africa.

about 1 year ago
AMEA Power and Kyuden International forge clean energy and hydrogen partnership
Business Developments & Projects

AMEA Power and Kyuden International forge clean energy and hydrogen partnership

AMEA Power and Kyuden International Corporation have signed a memorandum of Understanding (MoU) to jointly develop renewable energy and green hydrogen projects.

about 1 year ago
FPSO Bleo Holm; Source: Bluewater
Business Developments & Projects

Canadian firm sheds UK business and stake in North Sea oil discovery

New European Offshore (NEO Energy) is set on expanding its oil and gas portfolio by picking up a new addition, thanks to Canada’s Gran Tierra Energy, which has taken steps to offload its UK subsidiary, Gran Tierra North Sea Limited (GTNSL), which holds an interest in an oil discovery.

about 1 year ago
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