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Business Developments & Projects

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Al Shaheen field in Qatar; Source: North Oil Company (NOC)
Business Developments & Projects

UK player staying on duty at giant oil field offshore Qatar for five more years

EnerMech has landed a multi-year contract extension with North Oil Company (NOC), a joint venture between QatarEnergy (70%) and TotalEnergies (30%), for work at an oil asset, which is said to be the largest field off the coast of Qatar.

about 1 year ago
Valaris DPS-5 rig; Source: Lukoil
Business Developments & Projects

Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs

Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning geographies.

about 1 year ago
Stella Maris CCS; Source: Altera Infrastructure
Business Developments & Projects

Yinson Production broadens its carbon capture and storage horizons with Stella Maris CCS buy

Yinson Production has opened itself up to new decarbonization inroads with the acquisition of Norway-based Stella Maris carbon capture and storage (CCS) business that aims to unlock large-scale floating collection, transport, and offshore storage of CO2.

about 1 year ago
India
Business Developments & Projects

Shipping colossals deepen ties with India amid growing maritime ambitions

French container shipping heavyweight CMA CGM, along with Denmark’s A.P. Moller–Maersk and Switzerland’s Mediterranean Shipping Company (MSC), is strengthening its foothold in India as the country endeavors to become a “global maritime hub”. As disclosed, during his state visit to France in mid-Febr

about 1 year ago
Calcasieu Pass facility; Source: Venture Global LNG
Business Developments & Projects

More US LNG coming to market in mid-April with start-up of commercial ops at Calcasieu Pass

Venture Global has disclosed a date for the beginning of commercial operations at its LNG export project in Cameron Parish, Louisiana, south of Lake Charles, United States.

about 1 year ago
Wärtsilä plans to reduce 25% of direct suppliers’ GHG emissions by 2030
Business Developments & Projects

Wärtsilä plans to reduce 25% of direct suppliers’ GHG emissions by 2030

Wärtsilä has reinforced its ‘Set for 30’ decarbonization targets by committing to a new goal of reducing 25% of direct suppliers’ GHG emissions by 2030.

about 1 year ago
power system
Business Developments & Projects

Next-gen power system for green shipping wins EU funding

The European Union has granted NOK 90 million (about €7.8 million) to the STEESMAT project, aimed at developing power distribution systems for zero-emission ships of the future.

about 1 year ago
FPSO Petrojarl I; Source: Altera Infrastructure
Business Developments & Projects

39-year-old FPSO ready for redeployment as it changes hands

A 1986-built floating production, storage, and offloading (FPSO) vessel, seen as capable of supporting early-phase and tail-phase production at offshore oil fields given its experience to date, is getting a new owner, which intends to find a new job for the unit in regions such as Vietnam, Suriname,

about 1 year ago
Dutch Zeevonk offshore wind-to-hydrogen project gains ground
Business Developments & Projects

Dutch Zeevonk offshore wind-to-hydrogen project gains ground

Zeevonk, a joint venture between Vattenfall and Copenhagen Infrastructure Partners (CIP) and developer of a large-scale project blending offshore wind, floating solar, and green hydrogen, has moved on to the next phase with the front-end engineering design (FEED) work assigned to the UK-based compan

about 1 year ago
Illustration; Source: Scana-owned Seasystems
Business Developments & Projects

Multimillion-dollar FLNG mooring deal ends up in Scana’s workbook

Norway-based Seasystems, a Scana-owned mooring solutions business for floating structures, has received a new order to deliver mooring equipment for a floating liquefied natural gas (FLNG) project to an undisclosed company.

about 1 year ago
Skarv Shipping bags timber transport deal for its ammonia-powered newbuild
Business Developments & Projects

Skarv Shipping bags timber transport deal for its ammonia-powered newbuild

Norwegian forestry companies Viken AT Market and AT Skog have entered into an agreement with Skarv Shipping Solutions, a joint venture between Grieg Edge and Peak Group, to transport timber on zero-emission ships powered by ammonia and electricity.

about 1 year ago
FSO Palanca; Source Stapem Offshore
Business Developments & Projects

Boost in oil reserves ahead of rig activity spotlights Angolan offshore block’s potential

Afentra has confirmed that hydrocarbon production from a block off the coast of Angola is offset by a growth in reserves based on the latest Competent Person’s Report (CPR) for Block 3/05, conducted by ERC Equipoise (ERCE).

about 1 year ago
Tekmar firm secures multi-year subsea engineering deal with Nexans
Business Developments & Projects

Tekmar firm secures multi-year subsea engineering deal with Nexans

UK-based engineering consultancy Ryder, part of Tekmar Group, has secured a three-year framework agreement with France’s cable systems designer and manufacturer Nexans to provide subsea engineering support for the company’s cable projects worldwide. According to Ryder, the company will deliver cable

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Business Developments & Projects

QatarEnergy’s CEO pins oil, gas, and renewables as ingredients of ‘resilient’ energy supply

While discussing the tools required to meet energy demands and move forward with the transition to low-carbon and green sources of supply, the CEO of QatarEnergy has emphasized the importance of diversifying the energy mix by feeding oil and gas alongside renewable energy to its global arsenal.

about 1 year ago
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