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Business Developments & Projects

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Seatrium fits CO2 capture system onboard MOL’s tanker
Business Developments & Projects

Seatrium fits CO2 capture system onboard MOL’s tanker

Singapore-headquartered offshore, marine, and energy solutions provider Seatrium has completed a carbon capture and storage (CCS) retrofit project for Japanese shipping company Mitsui O.S.K. Lines (MOL), installing an onboard CO2 capture system on an LR1 product tanker.

about 1 year ago
A woman smiling
Business Developments & Projects

Upstream director out the door as Shell seeks to ‘delayer’ top management

UK-headquartered energy giant Shell has announced leadership changes, including the stepping down of its Integrated Gas and Upstream Director.

about 1 year ago
COSL Pioneer rig; Source: COSL
Business Developments & Projects

Third time not the charm as another well comes up dry in same North Sea area

Norwegian oil and gas player Vår Energi has found no hydrocarbons in an exploration well located in the North Sea off the coast of Norway.

about 1 year ago
ORLEN and Equinor to jointly explore carbon capture and storage opportunities
Business Developments & Projects

ORLEN and Equinor to jointly explore carbon capture and storage opportunities

Polish multi-utility company ORLEN and Norwegian state-owned energy company Equinor have signed a collaboration agreement to explore opportunities for carbon capture and storage (CCS) technology in Poland. The scope of the agreement covers the transport and storage of CO2 in Poland, with the partner

about 1 year ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business Developments & Projects

Odfjell Drilling rig finds more gas/condensate offshore Norway

Equinor has made a new hydrocarbon discovery off the coast of Norway, using a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
Wah Kwong and CIMC ENRIC forge renewable fuel partnership
Business Developments & Projects

Wah Kwong and CIMC ENRIC forge renewable fuel partnership

Hong Kong-based shipowner Wah Kwong has formed a strategic partnership with clean energy equipment and services provider CIMC ENRIC to work on joint renewable fuels projects.

about 1 year ago
FPSO John Agyekum Kufuor; Source: Yinson Production
Business Developments & Projects

Eni and GNPC enhance partnership to unleash Ghana’s hydrocarbon potential

Italy’s energy player Eni and the Ghana National Petroleum Corporation (GNPC) have reinforced their strategic partnership aiming to deepen collaboration and unlock new opportunities in the West African country’s oil and gas sector.

about 1 year ago
Alpha Star rig; Source: Constellation
Business Developments & Projects

Rig return expands Petrobras’ contracted fleet for oil & gas search

A semi-submersible rig, owned by Constellation Oil Services, has kicked off its multi-year drilling assignment off the coast of Brazil with Petrobras, the South American country’s state-owned energy giant.

about 1 year ago
Large vessel at dock
Business Developments & Projects

Snam closing in on LNG terminal’s startup as FSRU is moored in Ravenna

Italian energy player Snam has completed the mooring of a floating storage regasification unit (FSRU) at its liquefied natural gas (LNG) terminal off the coast of Northern Italy.

about 1 year ago
Hunter Queen rig; Source: PRIO
Business Developments & Projects

Hunter Queen on black gold hunt: All systems go for rig’s multi-well drilling campaign off Brazil

PRIO has received the go-ahead from the Brazilian Institute of the Environment and Natural Renewable Resources (Ibama) for its offshore drilling plans in the Campos Basin, Espírito Santo. A sixth-generation semi-submersible drilling rig will carry out the planned six-well drilling program off the co

about 1 year ago
Repair costs for damaged Finland-Estonia subsea link to be sought via court
Business Developments & Projects

Shipowner to be taken to court over damage of Finland-Estonia subsea link

Estonian transmission system operator (TSO) Elering and its Finnish counterpart Fingrid have withdrawn the request to seize the ship that broke the EstLink 2 power connection in December 2024 for compensation for damages, and plan to sue the shipowner for compensation for repair costs. To remind, Fi

about 1 year ago
Echandia
Business Developments & Projects

Echandia reveals $20.6M funding to scale up sustainable operations

Swedish maritime battery system supplier Echandia has closed a new funding round at SEK 220 million (around $20.6 million), through which it expects to ‘strengthen’ its efforts in keeping pace with the global demand for sustainable maritime solutions. As disclosed, the funding round will support Ech

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

Paratus rig duo’s drilling contracts cut short

An unnamed client of Fontis Holdings, a wholly owned subsidiary of Bermuda-headquartered Paratus Energy Services, has opted for early termination of drilling contracts for two jack-up rigs.

about 1 year ago
Andritz to work on 100 MW green hydrogen plant in Germany
Business Developments & Projects

Andritz to work on 100 MW green hydrogen plant in Germany

Andritz has received an order from rostock EnergyPort cooperation (REPCO) for the engineering of a 100 MW green hydrogen plant in Rostock, Germany.

about 1 year ago
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