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Business Developments & Projects

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FPU Osman Gazi; Source: Alparslan Bayraktar, Türkiye’s Minister of Energy and Natural Resources via X
Business Developments & Projects

WATCH: FPU heads off to Black Sea ahead of doubling Türkiye’s gas production in 2026

As part of its efforts to wean itself off energy imports and bolster its domestic production capacity, Türkiye has sent its first-ever floating production unit (FPU) on a journey to the Black Sea, where it is expected to enable a twofold increase in gas production from the country’s giant deepwater

about 1 year ago
An offshore platform with a vessel next to it
Business Developments & Projects

Denmark’s Project Greensand hires NOV for CO2 transfer solution

INEOS and its partners in Project Greensand, an initiative that aims to set up a large-scale carbon capture and storage (CCS) value chain offshore Denmark by 2026, have selected a provider of an offshore CO2 injection system for the project.

about 1 year ago
Latin America’s first electric tugboat en route to Chile
Business Developments & Projects

Latin America’s first electric tugboat en route to Chile

Latin America’s first electric tugboat, built by Sanmar Shipyards for Enap and SAAM, has embarked on a voyage to Chile.

about 1 year ago
Sungrow partners with BrightHy to deliver hydrogen solutions in Iberia
Business Developments & Projects

Sungrow partners with BrightHy to deliver hydrogen solutions in Iberia

Sungrow Hydrogen, a subsidiary of China’s energy solutions company Sungrow, and BrightHy Solutions, Fusion Fuel’s hydrogen solutions platform, have entered a strategic agency and partnership agreement to accelerate the deployment of hydrogen production equipment in Iberia.

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

Petrobras taps Portuguese firm for €250M oil platform work

Empresa Construtora do Brasil, an affiliate of Portugal’s engineering group Mota-Engil, has secured a maintenance and construction contract with Brazilian state-owned energy giant Petrobras. Valued at around 1.61 billion Brazilian reais, equivalent to approximately €250 million, the contract is set

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

15-year drilling assignment enables rig duo to rake in $1.15 billion

ADNOC Drilling has expanded its workload with ADNOC Offshore, a compatriot oil and gas heavyweight, by securing another multi-year drilling campaign in the Middle East, which will be undertaken by two of its jack-up rigs.

about 1 year ago
TUI Cruises’ second LNG-powered newbuild launched at Italian shipyard
Business Developments & Projects

TUI Cruises’ second LNG-powered newbuild launched at Italian shipyard

Italian shipbuilder Fincantieri has launched the second LNG dual-fuel cruise ship built for TUI Cruises, a joint venture between TUI and Royal Caribbean Cruises.

about 1 year ago
Hail and Ghasha mega gas development concept; Source: ADNOC
Business Developments & Projects

Lukoil boosts its share in huge offshore sour gas project as OMV exits

Austria-headquartered oil and gas player OMV has struck a deal with Lukoil Gulf Upstream, a subsidiary of Russia’s Lukoil, to divest its stake in a giant sour gas development off the coast of the United Arab Emirates (UAE).

about 1 year ago
Artist's depiction of Geelong gas terminal
Business Developments & Projects

Australian LNG terminal gets green light to avert looming gas crisis

Australian energy infrastructure player Viva Energy has received the environmental green light for its proposed liquefied natural gas (LNG) terminal project in Geelong, Australia.

about 1 year ago
Royal Bodewes
Business Developments & Projects

CLI orders methanol-ready wind-powered cargo ship at Royal Bodewes

Germany-based logistics company CLI has signed a contract with Dutch shipbuilder Royal Bodewes for the construction of an eco-friendly multipurpose cargo vessel.

about 1 year ago
BAR Technologies: WindWings secures BV’s stamp of approval
Business Developments & Projects

BAR Technologies: WindWings secures BV’s stamp of approval

UK-based wind propulsion provider BAR Technologies has received type approval from French class society Bureau Veritas (BV) for its 37.5-meter WindWings, a rigid sail technology that uses wind propulsion.

about 1 year ago
elwind geophysical survey
Business Developments & Projects

Geophysical survey tender launches for Estonian-Latvian cross-border offshore wind project

A tender has been launched seeking geophysical survey services for the Estonian-Latvian cross-border offshore wind project. The tender submission date is June 27, and the estimated duration for the ELWIND offshore wind project is from August 15, 2025, to March 31, 2027. The objective of the survey i

about 1 year ago
FPSO Armada Sterling II; Source: Shapoorji Pallonji Oil & Gas
Business Developments & Projects

Bumi Armada irons out FPSO deal in India

Bumi Armada has sorted out the arrangements for the operation and maintenance (O&M) of a floating production storage and offloading (FPSO) vessel working for Oil and Natural Gas Corporation (ONGC) off the coast of India.

about 1 year ago
Statkraft and Clydeport agree to explore green hydrogen project at Hunterston PARC
Business Developments & Projects

Statkraft and Clydeport agree to explore green hydrogen project at Hunterston PARC

Norwegian renewable energy supplier Statkraft and Clydeport, part of the UK’s Peel Ports Group, have exchanged an option agreement to explore the potential development of a green hydrogen facility at Clydeport’s Hunterston Port and Resource Campus (PARC) site in Scotland.

about 1 year ago
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