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Business Developments & Projects

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A large vessel at sea
Business Developments & Projects

SHI hands over LNG carrier to NYK

South Korean shipbuilder Samsung Heavy Industries (SHI) has delivered a liquefied natural gas (LNG) carrier ordered by Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) at the former’s shipyard in Geoje, South Korea.

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

McDermott scores FEED assignment at oil project in Gulf of Mexico

McDermott has secured a front-end engineering design (FEED) contract with Repsol for two oil fields that form part of a development project in the Gulf of Mexico’s Block 29 off the coast of Mexico.

about 1 year ago
Latin America’s first electric tug launched
Business Developments & Projects

Latin America’s first electric tug launched

Chile’s state-owned company Empresa Nacional del Petróleo (Enap) and harbor towage services provider SAAM have launched Latin America’s first electric tug at Sanmar shipyard in Tuzla Bay, Turkey.

about 1 year ago
An offshore platform at sunset
Business Developments & Projects

Inpex farming into Seascape’s exploration block offshore Malaysia

Japan’s energy company Inpex Corporation has inked a share sale and purchase agreement (SSPA) with Seascape Energy, a Southeast Asia-focused E&P player, to acquire a participating interest in a production sharing contract (PSC) off the coast of Sarawak, Malaysia from the latter’s subsidiary.

about 1 year ago
Second European Hydrogen Bank auction with €1.2 billion budget is officially open
Business Developments & Projects

Second European Hydrogen Bank auction with €1.2 billion budget is officially open

The European Commission (EC) has officially opened the second auction under the European Hydrogen Bank.

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

UK subsea player gets new job at Brazil’s deepwater oil field

CRP Subsea, part of AIS, has been hired to supply its distributed buoyancy modules (DBMs) to a deepwater oil field project in the pre-salt Santos Basin, off the coast of Brazil.

about 1 year ago
Aker Horizons and VNG bolster deal for green ammonia supply from Norway to Germany
Business Developments & Projects

Aker Horizons and VNG bolster deal for green ammonia supply from Norway to Germany

Norwegian green energy developer Aker Horizons and Leipzig-based gas trader VNG have signed a term sheet for supplying green ammonia from Narvik, northern Norway, to Germany.

about 1 year ago
Platforms at Jinzhou 23-2 oilfield; Source: Fulan Offshore
Business Developments & Projects

China’s commissioning streak continues with one more offshore oil project on stream

CNOOC is on top of its hydrocarbon game as it confirms a new first for China with the beginning of production at a development said to be the Asian country’s first offshore multi-layer heavy oil thermal recovery project.

about 1 year ago
Minas Passage in the Bay of Fundy, Nova Scotia. Source: Inyanga Marine Energy Group
Business Developments & Projects

Inyanga Marine Energy steps into Canada with new subsidiary

UK-based Inyanga Marine Energy Group has expanded its international presence with the launch of a Canadian subsidiary, Inyanga Maritime Services Nova Scotia, headquartered in Halifax. According to Inyanga Marine Energy, this move positions the company to advance Nova Scotia’s tidal energy and offsho

about 1 year ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

No hydrocarbons for Equinor in Norwegian Sea wildcat

Equinor has found no hydrocarbons in an exploration well, which was drilled using one of Transocean’s rigs in the Norwegian Sea off the coast of Norway.

about 1 year ago
Artistic rendering of an LNG plant
Business Developments & Projects

Canadian firm seeks environmental permit for LNG plant expansion

Canadian natural gas and energy utility FortisBC has filed an environmental assessment (EA) application with the British Columbia Environmental Assessment Office (BC EAO) for the proposed expansion of its existing liquefied natural gas (LNG) facility on Canada’s Tilbury Island.

about 1 year ago
An aerial view of the Excelsior ship docked at Freeport LNG terminal; Courtesy of Freeport LNG
Business Developments & Projects

$1.3 billion lawsuits for damages arising from explosion at US LNG facility thrown out of court

Texas-based litigation firm Hicks Thomas LLP, whose attorneys argued that insurance carriers could not recover on subrogation claims, has confirmed its win in two legal battles related to lawsuits totaling $1.3 billion against builders of a liquefied natural gas (LNG) export facility in Texas, Unite

about 1 year ago
Shearwater GeoServices goes to India
Business Developments & Projects

Shearwater to conduct 2D seismic survey in Bay of Bengal

Norway’s Shearwater Geoservices has been awarded a large 2D towed streamer seismic survey contract by Oil India Limited (OIL), covering 14,500 line kilometers off India’s East Coast in the Bay of Bengal. The survey, scheduled to begin in early 2025, is part of India’s National Seismic Program (NSP)

about 1 year ago
New chapter: MAN ES initiates full-scale ammonia engine testing
Business Developments & Projects

New chapter: MAN ES initiates full-scale ammonia engine testing

MAN ES has moved on to a new phase in the development of its ammonia engine with the commencement of testing a full-scale, two-stroke engine running on ammonia and its Research Centre Copenhagen.

about 1 year ago
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