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Business Developments & Projects

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EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus
Business Developments & Projects

EU approves €3 billion German-Dutch RFNBO scheme, hydrogen in focus

The European Commission has approved, under EU State aid rules, a €3 billion German-Dutch scheme to support the production of renewable fuels of non-biological origin (RFNBOs), including renewable hydrogen, throughout the world.

about 1 year ago
SAIC
Business Developments & Projects

COSCO, SIPG take a 20% stake in Chinese logistics player SAIC Anji

Chinese state-owned transportation service conglomerate COSCO SHIPPING Group and terminal operator Shanghai International Port Group (SIPG) have invested in SAIC Anji Logistics, a logistics unit owned by Shanghai-based SAIC Motor Corp, each obtaining 10% of the company’s shares.

about 1 year ago
DeepOcean stays alone in contract with Equinor as TechnipFMC opts out
Business Developments & Projects

DeepOcean stays alone in contract with Equinor as TechnipFMC opts out

Norwegian ocean services provider DeepOcean is taking 100% ownership of the pipeline repair and subsea intervention (PRSI) Pool Services contract with Equinor, formerly operated in a joint venture (JV) with TechnipFMC. To remind, Equinor has operational responsibility for what is said to be the worl

about 1 year ago
zura Ocean Wave Energy Unit (Right) sitting in ocean water. Graphic (left) depicts how the device looks and works underwater.
Business Developments & Projects

Wave energy microgrids poised to power Australian aquaculture

Australia’s aquaculture sector is moving towards a clean energy transformation, with wave energy microgrids identified as a viable solution to power operations and reduce emissions. Backed by findings from the Fisheries Research and Development Corporation (FRDC)-funded AquaGrid feasibility study, t

about 1 year ago
Pacific Northwest Hydrogen Association and MHI Hydrogen Infrastructure formalize collaboration to further advance clean energy objectives
Business Developments & Projects

Pacific Northwest Hydrogen Association and MHI Hydrogen Infrastructure formalize collaboration to further advance clean energy objectives

The Pacific Northwest Hydrogen Association (PNWH2) and MHI Hydrogen Infrastructure’s (MHI H2I’s) Boardman Hydrogen Hub project have signed a subrecipient agreement that advances PNWH2’s objectives and movement toward the deployment of clean hydrogen infrastructure and technologies in the region.

about 1 year ago
Noble Venturer drillship; Source: Noble Corporation
Business Developments & Projects

Noble drillship gets multi-well drilling job in Africa

Noble Corporation has landed a new drilling campaign in western Africa, which one of its drillships will carry out off the coast of Ghana.

about 1 year ago
Contract with 'prominent' oil & gas company takes US subsea firm to West Africa
Business Developments & Projects

Contract with ‘prominent’ oil & gas company takes US subsea firm to West Africa

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, is set to deliver subsea distribution manifolds to what it says is a prominent oil and gas company, for a project in West Africa. The scope of work includes engineering, procurement, fabrication,

about 1 year ago
Two men shaking hands and two men standing by their side
Business Developments & Projects

Wison signs FEED contract for Nigeria-bound FLNG

China-based provider of clean energy services Wison New Energies has signed a front-end engineering and design (FEED) deal with Nigeria’s Ace Gas and FLNG for a proposed project comprising a floating liquefied natural gas (FLNG) unit and a power barge off the coast of the West African country.

about 1 year ago
FPSO Okha; Source: Woodside
Business Developments & Projects

Woodside and Chevron swap oil & gas and CCS assets offshore Australia

Woodside and Chevron have set an asset swap deal in motion to consolidate their interest in core areas of operations and focus on strategic oil, gas, liquified natural gas (LNG), and carbon capture and storage (CCS) assets each operates in Western Australia.

about 1 year ago
Helix Q7000 light well intervention rig; Source: Helix Energy Solutions
Business Developments & Projects

Helix vessel getting ready for Brazilian decom job with Shell at Namibia’s port

Helix Energy Solutions has confirmed the arrival of its purpose-built DP3 semi-submersible vessel to Namibia’s Port of Walvis Bay to prepare for its decommissioning assignment off the coast of Brazil.

about 1 year ago
An offshore platform
Business Developments & Projects

EnQuest gets nod to boost gas production at field offshore Malaysia

EnQuest Petroleum Production Malaysia, a subsidiary of London Stock Exchange-listed energy player EnQuest, and its partners in a production sharing contract (PSC) offshore Malaysia have signed a letter of agreement with Petronas enabling them to develop additional gas resources at a field within the

about 1 year ago
Surveys starting at UK-Netherlands multi-purpose interconnector
Business Developments & Projects

TenneT selects NextGeo for marine route survey offshore Netherlands

Italy’s Next Geosolutions (NextGeo) has been awarded a contract by the Dutch-German transmission system operator (TSO) TenneT to carry out a marine route survey in the Netherlands. The contract, worth approximately €43 million, involves extensive geophysical and geotechnical activities, both offshor

about 1 year ago
Mocean Energy’s Blue X wave energy device under sea trials (Courtesy of Mocean energy/Photo by Colin Keldie)
Business Developments & Projects

Mocean Energy lands £1.2M grant and almost £200K for further commercial work

Scottish wave energy company Mocean Energy has secured £140,000 (around $178,000) of further commercial work and a £1.2 million (around $1.5 million) grant from Wave Energy Scotland (WES) to further develop a novel direct drive generator for wave energy technology. According to Mocean Energy, the fu

about 1 year ago
IMO
Business Developments & Projects

Monjasa gearing up to introduce LNG bunkering operations in UAE

Marine fuels supplier Monjasa has chartered its first dedicated LNG bunker vessel which is expected to be deployed in the United Arab Emirates (UAE) in January 2025.

about 1 year ago
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