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Business Developments & Projects

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CNOOC
Business Developments & Projects

CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays

China’s CNOOC has set out its multibillion-dollar business strategy and development plan for 2025.

about 1 year ago
Sumitomo and Van Oord booked for second Shetland HVDC cable link
Business Developments & Projects

Sumitomo and Van Oord booked for second Shetland HVDC cable link

SSEN Transmission has entered into a capacity reservation agreement (CRA) with a consortium of Sumitomo Electric Industries and Van Oord for the supply and installation of a second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland 2 HVDC Link. The cable for the

about 1 year ago
A large vessel at dock
Business Developments & Projects

Croatia’s LNG terminal one step closer to capacity expansion

The process of increasing the capacity of the liquefied natural gas (LNG) terminal on the island of Krk, Croatia, has entered a new stage with the completion of the inspection of a regasification module at Nantong CIMC Sinopacific Offshore & Engineering in Shanghai.

about 1 year ago
Geophysical cable route survey completed for Ossian floating offshore wind farm
Business Developments & Projects

Geophysical cable route survey completed for Ossian floating offshore wind farm

Ireland-based XOCEAN has completed the geophysical survey along the 420-kilometer cable route for the proposed 3.6 GW Ossian floating offshore wind farm in Scotland. The survey, conducted using uncrewed survey vessels (USVs), took place over a span of 13 months, in water depths ranging from the shor

about 1 year ago
Norwegian Hydrogen acquires Aker Horizons’ Rjukan green hydrogen project
Business Developments & Projects

Norwegian Hydrogen acquires Aker Horizons’ Rjukan green hydrogen project

Norwegian Hydrogen has acquired Aker Horizons’ hydrogen project in Rjukan, Norway, and plans on building a 25 MW plant, with the possibility for further upscaling and expansion.

about 1 year ago
FPSO Cidade de Angra dos Reis; Source: Petrobras
Business Developments & Projects

MODEC’s FPSO staying five more years with Petrobras offshore Brazil

Petrobras has prolonged the assignment of a floating production, storage, and offloading (FPSO) vessel, chartered from Japan’s MODEC, in the Santos Basin off the coast of Brazil.

about 1 year ago
GT Wings
Business Developments & Projects

UK’s GT Wings readies to debut AirWing technology to accelerate maritime decarbonization

UK’s wind propulsion technology provider GT Wings, in collaboration with shipping company Carisbrooke Shipping, University of Bristol, and supported by Innovate UK and the UK Department for Transport, has announced the launch of the AirWing propulsion system.

about 1 year ago
US autonomous surface vehicle completes multi-day trials without returning to base
Business Developments & Projects

US autonomous surface vehicle completes multi-day trials without returning to base

U.S.-based Ocean Power Technologies (OPT) has completed a set of exercises in California in which its WAM-V unmanned surface vehicle (USV) operated for multiple days without needing to return to base. During the exercises, the WAM-V 22 operated for several days while hosting a complete seabed survey

about 1 year ago
Map showing oil & gas fields in Vietnam; Source: Harbour Energy
Business Developments & Projects

UK firm’s acquisition of ‘fast-payback’ oil & gas fields marks new country entry in Southeast Asia

EnQuest has set the wheels in motion to expand its presence in Southeast Asia by buying Harbour Energy’s business in Vietnam, which encompasses producing oil and gas assets.

about 1 year ago
Rendering of an LNG liquefaction plant
Business Developments & Projects

YPF and Indian trio shake hands on LNG export from Argentina’s future plant

Argentina’s oil and gas firm YPF has signed a memorandum of understanding (MOU) with three Indian companies, India’s Oil and Natural Gas Corporation (ONGC), Gas Authority of India Limited (GAIL), and ONGC Videsh to export liquefied natural gas (LNG) from its proposed project in the Sierra Grande Nor

about 1 year ago
Liquid Wind and TSE join forces to develop e-fuel facility in Finland
Business Developments & Projects

Liquid Wind and TSE join forces to develop e-fuel facility in Finland

Swedish e-fuel plant developer Liquid Wind and Finnish energy company Turku Region Energy Production (TSE) have signed a memorandum of understanding (MoU) for the development of an e-fuel facility in Naantali, Finland.

about 1 year ago
Europe
Business Developments & Projects

New LNG carrier deal marks 21st vessel entry in Danish shipowner’s orderbook

Danish shipping player Celsius has expanded its liquefied natural gas (LNG) orderbook with a new addition, thanks to a deal with Japan’s JERA.

about 1 year ago
Depsea Yantai rig; Source: Neptune Energy
Business Developments & Projects

Orlen and Shell come up empty as Tomcat drilling ops wind down

Orlen Upstream Norway, part of Poland’s Orlen Group, has wrapped up drilling activities at a wildcat well in the southern part of the Norwegian Sea, undertaken with one of the Odfjell Drilling-managed rigs, without finding any commercial volumes of hydrocarbons.

about 1 year ago
Stena RoRo welcomes new cargo ship to its fleet
Business Developments & Projects

Stena RoRo welcomes new cargo ship to its fleet

Swedish shipping company Stena RoRo has expanded its fleet with the purchase of the roll-on/roll-off (RoRo) ship Giuseppe Lucchesi from Compagnia Italiana di Navigazione (CIN), a part of the Moby Lines group of companies.

about 1 year ago
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