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Business Developments & Projects

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Wildcat well proves North Sea reservoir suitable for carbon storage
Business Developments & Projects

Wildcat well proves North Sea reservoir suitable for carbon storage

Harbour Energy Norge and its partners have confirmed a reservoir in the Norwegian part of the North Sea suitable for CO2 injection and storage following the drilling of a wildcat well. As part of the Havstjerne storage project, the 9/6-1 well was drilled in a water depth of 90 meters, around 30 kilo

about 1 year ago
Tian-Bing Xu, Ph.D., a professor at ODU, developing wave energy technology
Business Developments & Projects

$1M grant boosts underwater wave energy tech at ODU

Tian-Bing Xu, Professor in the Department of Mechanical and Aerospace Engineering at Old Dominion University (ODU) in the U.S., has been awarded a $1 million grant from the Office of Naval Research (ONR) to develop an underwater wave energy conversion system. According to ODU, the four-year project

about 1 year ago
ABS
Business Developments & Projects

ABS sheds light on potential of floating nuclear-powered data centers

The US-based classification society American Bureau of Shipping (ABS) has, in partnership with naval architecture specialist Herbert Engineering Corp (HEC) published a study on floating nuclear-powered data centers, detailing design considerations for such centers supporting the rapid growth of arti

about 1 year ago
BP
Business Developments & Projects

BP shakes hands on multi-year LNG offtake with India’s Torrent Power

BP Singapore, a subsidiary of the UK-headquartered energy giant BP, has signed on the dotted line with India’s Torrent Power, part of Torrent Group, to supply liquefied natural gas (LNG) for the latter’s 2,730 MW combined cycle gas-based power plants in line with India’s push to up the natural gas a

about 1 year ago
Japanese majors collaborate on liquefied hydrogen carrier design study
Business Developments & Projects

Japanese majors collaborate on liquefied hydrogen carrier design study

Japanese majors Kawasaki Heavy Industries, Imabari Shipbuilding, and Japan Marine United Corporation are due to commence a joint study to establish a construction scheme for liquefied hydrogen carriers.

about 1 year ago
Orlen Baltic East
Business Developments & Projects

Orlen taps local companies for Baltic East seabed survey offshore Poland

Poland’s Orlen Group has selected three local companies to explore the geological conditions of the seabed within the Baltic East offshore wind farm concession area in the Baltic Sea. A consortium of three companies, MEWO, Orlen Petrobaltic, and Geofizyka Toruń, will conduct geological engineering,

about 1 year ago
APM Terminals Moín launches modernization project to boost efficiency and sustainability
Business Developments & Projects

APM Terminals Moín launches modernization project to boost efficiency and sustainability

As part of a wider commitment to upgrade operational infrastructure and implement sustainable technologies, APM Terminals Moín in Costa Rica has launched a modernization project focused on streamlining access to the terminal.

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business Developments & Projects

Drop in UK oil & gas players’ profits prompts calls for tax changes to amplify investments

Offshore Energies UK (OEUK), has urged the government to take action on the energy profits levy (EPL), known as the windfall tax on oil and gas profits, by next year to put all ingredients in place to secure jobs, energy security enhancement, and the build-out of the energy infrastructure for the fu

about 1 year ago
NEOM
Business Developments & Projects

World’s ‘largest’ green hydrogen plant construction reaches 80% completion

NEOM Green Hydrogen Project in Saudi Arabia has reached an 80% construction completion across all sites, the US-based industrial gases company Air Products said.

about 1 year ago
Several men sitting behind a desk at a contract signing ceremony
Business Developments & Projects

PSC signed for Myanmar’s seventh offshore project

Myanmar’s state-owned Oil and Gas Enterprise and Gulf Petroleum Myanmar, a Thai-owned company based in Myanmar, have signed a production sharing contract (PSC) for an offshore oil and gas block.

about 1 year ago
Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities
Business Developments & Projects

Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities

Norwegian shipping company Solvang and Global Infrastructure Partners (GIP), a part of private infrastructure investment firm BlackRock, have joined forces to grow the liquefied gas shipping business with a focus on LPG, ammonia, ethane, and CO2.

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

Black Sea drillship reactivation job lands on ModuSpec’s table

MR Group’s ModuSpec, a rig intake and inspection specialist, has lined up a multi-staged support assignment during the intake process of a sixth-generation deepwater drillship in the Black Sea.

about 1 year ago
Edvard Grieg platform; Source: Aker BP
Business Developments & Projects

Drone ops edging North Sea oil platform closer to autonomous offshore inspections

Aker BP has made a new leap toward fully autonomous offshore inspections and maintenance, thanks to its recently completed first offshore beyond-visual-line-of-sight (BVLOS) drone operation at its platform in the North Sea off the coast of Norway.

about 1 year ago
An image showing Hornsea Three array site and export cable corridor on a map
Business Developments & Projects

Ørsted preparing seabed for Hornsea Three export cable

Preparation work for the installation of the Hornsea Three export cable is underway with boulder and debris relocation, and a geophysical survey starting this month, following the completion of UXO clearance work. An installation campaign to replace blanking plates from the horizontal directional dr

about 1 year ago
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