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Business Developments & Projects

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Höegh Evi and North Ammonia join forces to set up clean ammonia supply chain
Business Developments & Projects

Höegh Evi and North Ammonia join forces to set up clean ammonia supply chain

Norwegian companies North Ammonia and Höegh Evi have signed an agreement to explore a clean ammonia supply chain from Norway to Europe.

about 1 year ago
Tadek Ocean Engineering Expands UK Office
Business Developments & Projects

Tadek expands UK presence, eyes offshore renewables growth

Marine engineering specialist Tadek has expanded into new UK offices as its focus on offshore wind and marine renewables sharpens. Tadek’s new offices are located in One Crown Square, Woking, near London. According to Tadek, the move comes as the company strengthens its partnerships with industry p

about 1 year ago
BlackRock
Business Developments & Projects

BlackRock-TiL-led consortium targets $22.8B Panama port acquisition amid geopolitical uncertainty

A consortium led by American asset management giant BlackRock and Switzerland-based Terminal Investment Limited (TiL) have revealed intentions to buy the majority of port holdings belonging to Hong Kong-based CK Hutchison in a deal estimated at $22.8 billion. According to a joint statement by the pa

about 1 year ago
Transocean Barents rig; Source: OMV Petrom
Business Developments & Projects

WATCH: Transocean rig on its way to kick off 10-well drilling gig

One of the semi-submersible rigs, owned by Transocean, is on the move to reach an offshore site where it will embark on a multi-well drilling campaign to unlock natural gas from a project in the Black Sea.

about 1 year ago
LR: LNG retrofits surge amid shipowners’ forage for immediate carbon reductions
Business Developments & Projects

LR: LNG retrofits surge amid shipowners’ forage for immediate carbon reductions

The maritime industry has witnessed the resurgence of engine retrofits to LNG marine fuel in 2024 as shipowners’ short-term solution for immediate carbon reductions amid strengthening regulatory requirements, Lloyd’s Register (LR) found in its latest Engine Retrofit Report.

about 1 year ago
A jack-up rig
Business Developments & Projects

Borr rig ends Gabon job with a bang: oil discovery opens new cluster door

Oslo-listed oil and gas E&P player BW Energy has made what it says is a “substantial” oil discovery at a field in the Dussafu license off the coast of Gabon, Africa, using a Borr Drilling jack-up rig.

about 1 year ago
FPSO Raia; Source: Equinor
Business Developments & Projects

MODEC cheers new ‘milestone’ for Brazil-bound FPSO as workforce earns brownie points

MODEC has achieved further progress in the construction of a floating production, storage, and offloading (FPSO) destined for a big upcoming natural gas project off the coast of Brazil, thanks to the workers hired to turn the unit plan into reality, hitting 1 million work hours without lost time acc

about 1 year ago
Golden Pass LNG
Business Developments & Projects

US bestows export permit extension on Golden Pass LNG terminal as start-up edges closer

The U.S. Department of Energy (DOE) has handed out its third liquefied natural gas (LNG) approval since President Donal J. Trump returned to the White House, enabling more time to start LNG exports from the Golden Pass LNG terminal (GPX) export project in Sabine Pass, Texas.

about 1 year ago
A vessel next to a larger vessel
Business Developments & Projects

Norwegian firm moves to become sole owner of Avenir LNG

After finalizing the acquisition of 95% of the shares of the UK-based midstream LNG & BioLNG company Avenir LNG, Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has disclosed its intention to buy the latter’s remaining shares.

about 1 year ago
DSIC orders GTT tank design for two LNG carriers
Business Developments & Projects

DSIC starts building Wah Kwong’s 175,000 cbm LNG vessel

Dalian Shipbuilding Industry (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has started building Hong Kong-based shipping company Wah Kwong’s second LNG vessel G175K-13.

about 1 year ago
A large vessel at sea with two smaller vessels behind and next to it
Business Developments & Projects

Vaalco secures multi-million loan to fund growth projects across assets

Houston-based energy player Vaalco Energy has entered into a revolving credit facility to provide short-term funding for its planned investment programs over the next few years.

about 1 year ago
Against heat and strong sea: Allseas delivers nearshore pipeline for Santos off Australia
Business Developments & Projects

Against heat and strong seas: Allseas delivers nearshore pipeline for Santos off Australia

Allseas’ recently converted shallow-water pipelay barge has completed nearshore construction activities for the Darwin Pipeline Duplication project being developed by Australian energy giant Santos offshore Northern Australia. The flat-bottom, anchored barge Sandpiper carried out the work to deliver

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Business Developments & Projects

BP to fast-track tie-backs as drilling ops with Valaris rig unleash more gas

BP has made another gas discovery in the Mediterranean region within the Egyptian Exclusive Economic Zone (EEZ).

about 1 year ago
Singapore raises limits for licensed bunker ships to carry biofuel blends up to B30
Business Developments & Projects

Singapore raises limits for licensed bunker ships to carry biofuel blends up to B30

Singapore-registered conventional bunker ships will be allowed to carry and deliver biofuel blends up to B30 without separate approval, the Maritime and Port Authority of Singapore (MPA) revealed.

about 1 year ago
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