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Business Developments & Projects

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HD KSOE unveils ABS-approved nuclear-powered containership model
Business Developments & Projects

HD KSOE unveils ABS-approved nuclear-powered containership model

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (KSOE) has rolled out a nuclear-powered containership model utilizing small modular reactor (SMR) technology to accelerate the development of nuclear-powered vessels.

about 1 year ago
A woman and a man sitting in armchairs with four people standing behind them
Business Developments & Projects

Brazil and India bolster oil & gas collaboration with deal trifecta

Brazil’s state-owned energy giant Petrobras has signed two memoranda of understanding (MOUs) and one framework agreement with India’s state energy firms for cooperation in various areas related to the oil and gas segment.

about 1 year ago
Horisont Energi pressing ahead with commerical work for Barents Blue ammonia project
Business Developments & Projects

Horisont Energi pressing ahead with commerical work for Barents Blue ammonia project

Norwegian clean energy company Horisont Energi has signed the first non-binding term sheet to secure gas supply for its Barents Blue project, a clean ammonia plant located at Markoppnes in Northern Norway.

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

Rig construction of third out of 20 planned newbuilds set in motion with ARO-IMI deal

As the ink dries on the contract between ARO Drilling and International Maritime Industries (IMI), it marks the opening of the construction chapter for a third in a series of 20 planned newbuild Saudi-operated and manufactured offshore jack-up rigs, which the offshore drilling player intends to depl

about 1 year ago
Rendering of BP's Kaskida offshore platform in the Gulf of Mexico; Source: Exmar Offshore/BP
Business Developments & Projects

BP books Singapore firm for another Gulf of America-bound floating production unit

Seatrium has secured a job ahead of a newbuild floating production unit (FPU), destined for a deepwater project operated by BP Exploration & Production, a subsidiary of the UK-based energy heavyweight BP, in the Gulf of America, former Gulf of Mexico.

about 1 year ago
BP's Cassia platform offshore Trinidad and Tobago (for illustration purposes); Source: BP
Business Developments & Projects

26 offshore blocks up for grabs in Trinidad and Tobago’s 2025 deepwater oil & gas bid round

Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland.

about 1 year ago
Liquid Wind to develop another e-fuel facility in Sweden
Business Developments & Projects

Liquid Wind to develop another e-fuel facility in Sweden

Swedish e-fuel plant developer Liquid Wind has announced a new e-fuel facility project in Sweden.

about 1 year ago
Deepsea Mira rig works for TotalEnergies off the coast of Namibia; Source: Odfjell Drilling
Business Developments & Projects

Upcoming ops in Namibia, Angola, Nigeria, and Libya mark oil & gas drilling hotspots across Africa

African Energy Chamber (AEC), which serves as the voice of the energy sector in Africa, has shed more light on the ongoing and anticipated high-impact drilling campaigns in Namibia, Angola, Nigeria, and Libya.

about 1 year ago
FSRU Energos Power; Source: Energos
Business Developments & Projects

FSRU gig at one of Germany’s LNG terminals cut short over pricing issues

Germany’s Deutsche ReGas has pulled the plug on a charter deal for one of two floating storage and regasification units (FSRUs) currently operating at the ‘Deutsche Ostsee’ (German Baltic Sea) energy terminal in Mukran.

about 1 year ago
An offshore platform
Business Developments & Projects

Equatorial Guinea launching new oil & gas licensing round after six years

Equatorial Guinea’s Ministry of Mines and Hydrocarbons is set to launch a new oil and gas licensing round to up the country’s offshore exploration and production ante.

about 1 year ago
ACWA Power and Hysata enter hydrogen technology partnership
Business Developments & Projects

ACWA Power and Hysata enter hydrogen technology partnership

ACWA Power and Hysata have signed an agreement for the delivery of commercial-scale demonstrations of Hysata’s electrolysis technology in Saudi Arabia.

about 1 year ago
Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd ordering additional green newbuilds. This time in S. Korea

German container shipping heavyweight Hapag-Lloyd shows no signs of pausing orders as it turned to South Korea for another vessel batch.

about 1 year ago
Ocean Installer extends charter of multi-purpose offshore construction vessel until 2027
Business Developments & Projects

Ocean Installer extends charter of multi-purpose offshore construction vessel

Norway’s marine construction and operations player Ocean Installer, part of the Moreld Group, has extended its charter agreement with compatriot North Sea Shipping for an advanced multi-purpose offshore construction vessel. Ocean Installer announced it had executed an 18-month option, extending the

about 1 year ago
Aerial shots of coastal route on the North East of Scotland. Credit: Scottish Enterprise
Business Developments & Projects

Industry welcomes report on almost $10B potential of Scotland’s wave and tidal energy

Industry players have welcomed a new report that highlights the potential of Scotland’s wave and tidal energy sector to generate up to £8 billion (almost $10 billion) for the economy by 2050, supporting more than 15,000 direct jobs and driving investment in coastal communities. Commissioned by Highl

about 1 year ago
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