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Business Developments & Projects

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Aerial view of a port
Business Developments & Projects

Contractor picked for offshore portion of Poland’s first FSRU

Poland’s gas transmission system operator Gaz-System has selected the general contractor for the offshore portion of the floating storage and regasification unit (FSRU) that will form part of the country’s liquefied natural gas (LNG) terminal in the Gulf of Gdańsk.

about 1 year ago
Meyer Werft
Business Developments & Projects

Meyer Werft unveils climate-neutral cruise ship concept for people aged 80+

German shipbuilder Meyer Werft has presented a new climate-neutral ship concept targeting older people.

about 1 year ago
Washington’s Department of Commerce has rescinded a $1.37 million conditional grant for a tidal energy project in Puget Sound following objections from multiple tribal nations.
Business Developments & Projects

Commerce pulls plug on Puget Sound tidal energy project after tribal pushback

Washington’s Department of Commerce has rescinded a $1.37 million conditional grant for a tidal energy project in Puget Sound following objections from multiple tribal nations. The project, led by Dehlsen Associates’s subsidiary Aquantis, proposed testing a marine turbine for three months in the Sim

about 1 year ago
Three connected offshore platforms
Business Developments & Projects

TotalEnergies to restore full gas production at North Sea field this week after operational hiccup

Partners in a natural gas redevelopment project in the Danish sector of the North Sea expect the project to reach its full technical capacity this week, following a month-long hiatus due to an operational obstacle.

about 1 year ago
A jackup rig being transported on a vessel
Business Developments & Projects

Borr Drilling’s rig takes on 120-day oilfield revival job in West Africa

Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, has signed a contract with Borr Drilling for a modern-built jack-up rig from its fleet to be used for a drilling campaign in West Africa.

about 1 year ago
Panamanian
Business Developments & Projects

Panama Canal to open bidding process for LPG pipeline in key diversification move

The Panama Canal is about to open a bidding process for developing a new pipeline for the transfer of energy products which will complement operations in the interoceanic waterway.

about 1 year ago
AIDA Cruises books multi-fuel cruise ships at Fincantieri
Business Developments & Projects

AIDA Cruises books multi-fuel cruise ships at Fincantieri

German cruise line AIDA Cruises, part of Carnival Corporation, has placed an order for two new multi-fuel cruise ships from Italian shipbuilder Fincantieri.

about 1 year ago
TGS nets shallow-water survey contract off Trinidad, wraps up Gulf Coast CO2 storage assessments
Business Developments & Projects

TGS nets shallow-water survey contract off Trinidad, wraps up Gulf Coast CO2 storage assessments

Norway-based energy data and intelligence company TGS has secured a contract to deliver a shallow-water ocean bottom node (OBN) project offshore Trinidad. The 3D baseline contract is scheduled to commence early in the third quarter of 2025, with the total duration of the survey expected to be approx

about 1 year ago
French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities.
Business Developments & Projects

Setec expands marine engineering reach with Sealand Projects acquisition

French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities. According to Setec, the acquisition expands the company’s service offering in the marine renewables sector and enhances its presence in the

about 1 year ago
Clean Industrial Deal
Business Developments & Projects

EU, EIB and KfW to back renewable hydrogen projects in Chile with up to €216.5M

The European Commission, the European Investment Bank (EIB), KfW Development Bank (KfW), Corporación de Fomento de la Producción (CORFO) and the Chilean Ministry of Energy have signed agreements to support Chile’s renewable hydrogen industry via the Team Europe Renewable Hydrogen Funding Platform fo

about 1 year ago
An LNG terminal under construction
Business Developments & Projects

$5.7B investment to fast-track Woodside’s US LNG development

Australia’s energy giant Woodside has entered into a binding agreement with Stonepeak, a New York-based investment firm specializing in infrastructure and real assets, for the sale of an interest in its liquefied natural gas (LNG) development on the United States’ Gulf Coast.

about 1 year ago
NYK finalizes construction and charter deals for methanol-powered VLCC
Business Developments & Projects

NYK finalizes construction and charter deals for methanol-powered VLCC

Japanese shipping company NYK has executed construction and charter contracts for its first methanol-powered very large crude carrier (VLCC).

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

Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns

MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald Trump’s book by reviving its energy ties with Russia against the backdrop of tr

about 1 year ago
Oseberg field centre in the Norwegian North Sea; Credit: Trond Glaser/Equinor
Business Developments & Projects

Equinor’s Norwegian activity across energy and decarbonization realms remaining ‘robust’ up to 2035

Equinor has set its cap on upping its activity ante in Norway within its operated fields, onshore facilities, and exploration and development projects alongside those for renewable and low-carbon solutions, creating further ripple effects like the multibillion-dollar worth of goods and services proc

about 1 year ago
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