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Business Developments & Projects

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FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Business Developments & Projects

New oil discovery boosts Barents Sea potential with 20 more wells on the drilling horizon

Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm believes the new find has unlocked further potential in the area, it plans to drill 20 more wells in the Barents Sea over the next four years.

about 1 year ago
Norve jack-up rig; Source: Borr Drilling
Business Developments & Projects

US firm confirms booking of Borr Drilling rig for ops in Africa

Houston-based Vaalco Energy has disclosed a new contract with Borr Drilling for a jack-up rig that will carry out its 2025/2026 drilling program off the coast of Gabon, Africa.

about 1 year ago
cement carrier
Business Developments & Projects

NovaAlgoma’s methanol dual-fuel cement carrier to generate sustainable electricity onboard

NovaAlgoma Cement Carriers has opted for a system to generate sustainable electricity on board its methanol dual-fuel cement carrier.

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

ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output

ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow.

about 1 year ago
A drone flying over a processing facility
Business Developments & Projects

Finnish firm wins ISO certification for drone-based GHG emissions monitoring solution

Finland-based provider of mobile emission monitoring services Aeromon has received international accreditation for its technology enabling the monitoring and analysis of airborne greenhouse gas (GHG) emissions.

about 1 year ago
Sixth AtoB@C plug-in hybrid ship hits the water
Business Developments & Projects

Sixth AtoB@C plug-in hybrid ship hits the water

AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has launched its plug-in hybrid newbuild, Terramar, at India’s Chowgule shipyard.

about 1 year ago
Photo showing Oneka Technologies' wave-powered desalination buoy (Courtesy of Oneka Technologies)
Business Developments & Projects

Wave-powered desalination to support Chile’s industrial water needs

Canadian Wave-powered desalination innovator Oneka Technologies and Chile-based Asfalcom have signed a memorandum of understanding (MoU) to deploy wave-powered desalination technology at Asfalcom’s production facility in Chile, marking a first for industrial water users in South America. According t

about 1 year ago
UK’s center for low-carbon technologies Cenex joins Maritime Battery Forum
Business Developments & Projects

UK’s center for low-carbon technologies Cenex joins Maritime Battery Forum

Cenex, the UK’s center of excellence for low carbon and fuel cell technologies, has joined the Maritime Battery Forum (MBF), a community that aims to promote new and efficient energy storage technologies in the maritime industry.

about 1 year ago
SENAI CIMATEC, in partnership with Shell Brasil, Petrobras, and Sonardyne, has inaugurated the world’s first production plant for on-demand ocean bottom nodes (OD OBN).
Business Developments & Projects

Industry majors launch ‘world’s first’ on-demand OBN production plant

SENAI CIMATEC, in partnership with Shell Brasil, Petrobras, and Sonardyne, has inaugurated the world’s first production plant for on-demand ocean bottom nodes (OD OBN), a seismic technology poised to revolutionize oil reservoir management, particularly in Brazil’s pre-salt region. Located at SENAI C

about 1 year ago
Madoqua-led coalition formalizes Portugal-Northern Europe green fuels corridor initiative
Business Developments & Projects

Madoqua-led coalition formalizes Portugal-Northern Europe green fuels corridor initiative

Renewable energy developer Madoqua and its industry partners have formalized plans to operationalize a green fuels corridor connecting Portugal with Northern Europe.

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

Petronas assigns work on Malaysian carbon capture and storage project to RINA

Petronas has put RINA, a provider of inspection, certification, and engineering consultancy services, in charge of a preliminary front-end engineering design (pre-FEED) study for a carbon capture and storage (CCS) project in Malaysia.

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

Hanwha handpicks GTT for tank design of LNG carrier pair

South Korea’s shipbuilder Hanwha Ocean has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas (LNG) carriers it is building for Greek shipowner Maran Gas Maritime.

about 1 year ago
TES to develop CO2 export terminal at its Wilhelmshaven Green Energy Hub
Business Developments & Projects

TES to develop CO2 export terminal at its Wilhelmshaven Green Energy Hub

Tree Energy Solutions (TES), a Belgium-based producer of electric natural gas derived from green hydrogen (e-NG), is advancing its Green Energy Hub in Wilhelmshaven, Germany, with the development of a liquid CO2 export terminal.

about 1 year ago
CSET sets up new entity focused on LPG shipping and hydrogen
Business Developments & Projects

CSET sets up new entity focused on LPG shipping and hydrogen

China’s tanker major COSCO Shipping Energy Transportation (CSET) has established a new subsidiary centered around LPG fleet development and hydrogen-based new energy business.

about 1 year ago
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