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Business Developments & Projects

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Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab
Business Developments & Projects

Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab

Norwegian marine geoscience and technology company Shearwater GeoServices and France’s energy giant TotalEnergies have expanded their collaboration with the signature of a three-year firm capacity reservation agreement (CRA) for global marine seismic streamer acquisition services. The CRA is said to

about 1 year ago
An offshore platform
Business Developments & Projects

Egypt puts more offshore acreage on offer in new oil & gas round

Egypt’s Ministry of Petroleum and Mineral Resources has launched a new licensing round encompassing offshore and onshore blocks to attract investments in the country’s oil and gas production and exploration.

about 1 year ago
West Vela drillship; Source: Seadrill
Business Developments & Projects

Seadrill drillship staying busy with US drilling campaign thanks to multimillion-dollar extension

Talos Energy has decided to keep a drillship, owned by Seadrill, an offshore drilling contractor, occupied with additional drilling into September 2025.

about 1 year ago
Osaka Gas
Business Developments & Projects

US duo looking to use methanol as feedstock for hydrogen production

Oxylus Energy and Element 1 have partnered to explore the use of Oxylus’s green methanol as a feedstock for point-of-use hydrogen production.

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

US player keeps its eyes on expansion plans as clean energy underinvestment makes room for more LNG

Given the worldwide spike in total demand for natural gas, Houston-headquartered NextDecade is contemplating further capacity expansion of its liquefied natural gas (LNG) export terminal at the Port of Brownsville, Texas.

11 minutes read
View of a dock with a large vessel in the background
Business Developments & Projects

US firm to bring compatriot pump manufacturer into its fold for $2B

U.S.-based technology firm Honeywell has agreed to buy compatriot pump and compressor player Sundyne from private equity firm Warburg Pincus in an all-cash transaction.

about 1 year ago
Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Business Developments & Projects

Eco Wave Power cuts costs in 2024, projects in focus

Wave energy developer Eco Wave Power has presented its 2024 financial results, highlighting cost reductions, revenue generation, and a strengthened financial position. The company raised $3 million through a registered direct offering, bolstering its financial resources. Operating expenses fell by 7

about 1 year ago
A man seen from behind looking at the sea
Business Developments & Projects

Petrofac eyes April restructuring date as convening hearing is postponed

UK-headquartered oilfield services provider Petrofac has provided an update on its proposed financial restructuring.

about 1 year ago
GT Wings: First AirWing-fitted ship sets sail
Business Developments & Projects

GT Wings: First AirWing-fitted ship sets sail

UK’s GT Wings has installed its first AirWing wind propulsion system onboard a general cargo vessel owned by Carisbrooke Shipping, reaching “a major milestone in sustainable shipping”.

about 1 year ago
Lloyd’s Register approves Corvus Energy’s marine battery system
Business Developments & Projects

Lloyd’s Register approves Corvus Energy’s marine battery system

Corvus Energy has received type approval from Lloyd’s Register (LR) for its Dolphin NxtGen Energy marine battery system.

about 1 year ago
Trion FPU concept image
Business Developments & Projects

Award of fiber optic contract brings remote ops to Mexican deepwater oil project

Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a fiber optic project and long-term service contract with Woodside Energy that will enable remote operations at an oil project in the Gulf of Mexico/America. The fiber-based connecti

about 1 year ago
FPSO One Guyana; Courtesy of EnerMech
Business Developments & Projects

SBM Offshore taps UK firm for job on fourth FPSO in Guyana’s offshore oil arena

SBM Offshore has picked EnerMech for pre-commissioning work on a floating production, storage, and offloading (FPSO) vessel, which will be deployed on ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.

about 1 year ago
Työvene secures €20M order for battery-hybrid vessels from Sweden
Business Developments & Projects

Työvene secures €20M order for battery-hybrid vessels from Sweden

Swedish shipping company Torghatten AB has contracted Finnish shipbuilder Työvene to construct two battery-hybrid passenger vessels.

about 1 year ago
Lhyfe and INOCEL pen four-year hydrogen supply deal
Business Developments & Projects

Lhyfe and INOCEL pen four-year hydrogen supply deal

Lhyfe and INOCEL have signed a contract covering the supply of up to 140 tonnes of green hydrogen over a period of four years for the test benches of fuel cells manufactured by INOCEL.

about 1 year ago
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