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Business Developments & Projects

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Two men shaking hands
Business Developments & Projects

Orlen and Naftogaz sign agreement to deepen energy ties

Ukraine’s state-owned energy company Naftogaz Group and Poland’s energy company ORLEN have signed a memorandum of understanding (MoU) to strengthen joint energy-related strategic initiatives.

about 1 year ago
Welsh Government-backed project to design and develop tidal stream turbine blades
Business Developments & Projects

Wales backs next-gen tidal stream turbine blade project

A new Welsh Government-backed project aims to design and develop next-generation tidal stream turbine blades, with a focus on increasing efficiency, durability, and overall performance in marine energy systems. Based in Broughton, the Advanced Manufacturing Research Centre (AMRC) Cymru will work alo

about 1 year ago
Island Frontier
Business Developments & Projects

Norwegian vessel at work for Oceaneering in Africa, North Sea comeback in August

A multi-service vessel (MSV) owned by Norway’s Island Offshore has completed a campaign in West Africa for U.S. subsea engineering and applied technology firm Oceaneering and is getting ready for the next project in the region. The 106-meter-long Island Frontier, delivered to the owner in 2004, is c

about 1 year ago
Digital rendering of Port Arthur LNG Project phase 1 and 2; Credit: Sempra
Business Developments & Projects

Sempra secures LNG export permit for Phase 2 of Texas facility

The U.S. Department of Energy (DOE) has issued a permit to Sempra Infrastructure, a subsidiary of North America’s energy infrastructure company Sempra, for the export of liquefied natural gas (LNG) to non-free trade agreement (non-FTA) countries from its facility in Jefferson County, Texas.

about 1 year ago
Deep Value Driller drillship; Source: Deep Value Driller
Business Developments & Projects

2014-built drillship embarks on Eni’s hydrocarbon search in African waters

Eni Ghana, a subsidiary of Italy’s energy giant Eni, has kicked off drilling activities off the coast of Ghana with a seventh-generation drillship, which previously worked for the Italian player in Côte d’Ivoire, Africa.

about 1 year ago
Smart Green Shipping
Business Developments & Projects

Smart Green Shipping: CMDC3-backed sea trials prove efficiency, fuel savings potential of wingsail

UK systems design house Smart Green Shipping (SGS) has released the results of recent sea trials of its wind-assisted propulsion system (WAPS), conducted in late 2024 aboard the MV Pacific Grebe, a nuclear waste carrier.

about 1 year ago
Moeve and Armas Trasmediterránea strike marine biofuel supply deal
Business Developments & Projects

Moeve and Armas Trasmediterránea strike marine biofuel supply deal

Spanish energy major Moeve, formerly Cepsa, has reached a strategic agreement with compatriot shipping company Armas Trasmediterránea to supply second-generation (2G) marine biofuels in the Canary Islands.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business Developments & Projects

Japan-US duo strikes 20-year offtake deal for LNG export project in Texas

JERA has taken steps to boost its liquefied natural gas (LNG) arsenal through a new offtake agreement with NextDecade Corporation, enabling the U.S. player to edge closer to a positive final investment decision (FID) on the fifth train at its LNG export project in Texas, United States.

about 1 year ago
Lake Charles LNG; Source: Energy Transfer
Business Developments & Projects

20-year gas supply deal brings US LNG terminal’s import-to-export conversion closer to reality

Energy Transfer LNG Export, a subsidiary of U.S.-based Energy Transfer, has entered into a multi-year sale and purchase agreement (SPA) with Japan’s Kyushu Electric Power Company for the delivery of liquefied natural gas (LNG) volumes from the former’s proposed export project on Louisiana’s Gulf Coa

about 1 year ago
Siemens and RIC Energy join hands on hydrogen, ammonia, and e-fuels
Business Developments & Projects

Siemens and RIC Energy join hands on hydrogen, ammonia, and e-fuels

German technology conglomerate Siemens and Spanish renewable energy company RIC Energy have signed a memorandum of understanding (MoU) to jointly develop innovative projects in the fields of renewable hydrogen, green ammonia, and e-fuels in Spain.

about 1 year ago
ZOEX's wave energy converter (WEC) technology. Source: ZOEX
Business Developments & Projects

UK’s first female-founded wave energy firm raises $700K to advance its tech

Aberdeen-based ZOEX Power has secured £531,000 (around $715,000) in funding to support the development of its wave energy converter (WEC) technology. The round includes investment from angel syndicate Equity Gap, alongside backing from the University of Strathclyde and Scottish Enterprise. The inves

about 1 year ago
A floating production storage and offloading unit being towed
Business Developments & Projects

A journey of 10,000 miles: Singaporean player sheds light on massive FPSO tow

Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH) has completed the transoceanic tow of a floating production storage and offloading (FPSO) to Angola.

about 1 year ago
Azane handpicks Ofiniti’s digital platform for ammonia bunkering expansion
Business Developments & Projects

Azane handpicks Ofiniti’s digital platform for ammonia bunkering expansion

Norwegian bunkering company Azane Fuel Solutions has partnered with Ofiniti, a DNV spinoff, to support its ammonia bunkering expansion across Scandinavia with Ofiniti’s digital platform.

about 1 year ago
Mento platform; Source: BP
Business Developments & Projects

BP and EOG’s new offshore platform achieves first gas: Drilling ops coming next

EOG Resources Trinidad (EOG) and BP Trinidad and Tobago (bpTT), a subsidiary of the UK-based energy giant BP, are getting ready to embark on a multi-well drilling campaign after bringing online a new platform off the coast of Trinidad and Tobago.

about 1 year ago
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