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Business Developments & Projects

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An illustration of two plants on the coast
Business Developments & Projects

Contractor selection brings US LNG terminal closer to FID

Texas LNG, a subsidiary of Glenfarne Energy Transition, has selected compatriot construction and engineering services provider Kiewit to lead the engineering, procurement, and construction (EPC) of its proposed liquefied natural gas (LNG) terminal in Texas’ Port of Brownsville. Kiewit’s subsidiaries

about 1 year ago
Ongoing data reprocessing program at block off Uruguay to back farmout process targeted for mid-2025
Business Developments & Projects

Ongoing data reprocessing program at block off Uruguay to back farmout process targeted for mid-2025

Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) is carrying out a data reprocessing program at a shallow water exploration block off the coast of Uruguay, expected to back a formal farm-out process anticipated to commence in mid-2025. A program of reprocessing work is unde

about 1 year ago
Norwegian Hydrogen and HydePoint to jointly work on near-shore and offshore hydrogen projects
Business Developments & Projects

Norwegian Hydrogen and HydePoint to jointly work on near-shore and offshore hydrogen projects

Offshore hydrogen production technology company HydePoint has formed a strategic partnership with Norwegian Hydrogen to accelerate the development of mid-size dockside and near-shore green hydrogen projects. The collaboration centers around the development of 10-40 MW dockside and near-shore green h

about 1 year ago
HelioRec has teamed up with compatriot company deepmath solutions to address the engineering demands of floating solar in marine environments.
Business Developments & Projects

France’s HelioRec teams up with compatriot firm to develop offshore floating solar solutions

French offshore solar start-up HelioRec has teamed up with compatriot company deepmath solutions to address the engineering demands of floating solar in marine environments. The partnership is said to combine deepmath’s expertise in modeling with HelioRec’s advancements in offshore solar to create r

about 1 year ago
Offshore rigs
Business Developments & Projects

Oil & gas license duo offshore Denmark formally changes hands following approval by Danish Energy Agency

The Danish Energy Agency (DEA) has cleared the transfer of ownership shares in two oil and gas licenses in the Danish sector of the North Sea.

about 1 year ago
Enova backs Norwegian shipping with investment in hydrogen production projects
Business Developments & Projects

Enova backs Norwegian shipping with investment in hydrogen production projects

To springboard the use of hydrogen in the Norwegian maritime industry, Enova has awarded over NOK 777 million ($70.92 million) to five hydrogen production projects.

about 1 year ago
Sea1 orders two methanol-ready offshore energy support vessels from China
Business Developments & Projects

Sea1 orders two methanol-ready offshore energy support vessels from China

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has placed an order with Chinese shipyard Cosco Shipping for two next-generation offshore energy support vessels (OESVs) that will be methanol-ready. Bernt Omdal, CEO of Sea1, said that the investment is part of the company’s

about 1 year ago
The CETO tank display at ISC High Performance conference in Hamburg (Courtesy of Carnegie Clean Energy)
Business Developments & Projects

Carnegie Clean Energy, Hewlett Packard Enterprise push AI-driven wave energy tech with extended agreement

Australia’s wave energy developer Carnegie Clean Energy has extended collaboration with Hewlett Packard Enterprise (HPE) by two years, focusing on integrating advanced artificial intelligence (AI) and high-performance computing into the company’s CETO wave energy technology. According to Carnegie Cl

about 1 year ago
NKT's new cable extrusion tower reaches full height, becoming second tallest in the Nordics
Business Developments & Projects

NKT’s new cable extrusion tower reaches full height, becoming 57th tallest European structure

The new cable extrusion tower that Denmark’s power cable manufacturer and installation company NKT is building at its power cable factory in Karlskrona, Sweden, has reached its full height of 200 meters, becoming the second tallest tower in the Nordics. This third extrusion tower at the Karlskrona f

about 1 year ago
An offshore rig
Business Developments & Projects

Production sharing contracts inked for two shallow-water blocks offshore Gabon

The partners behind two exploration blocks in shallow waters offshore Gabon have signed production sharing contracts (PSCs) with the country’s Petroleum Minister and Minister of Economy.

about 1 year ago
Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast
Business Developments & Projects

Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast

UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person

about 1 year ago
Saab UK's Seaeye SR20 eWROV water trials. Source: Saab
Business Developments & Projects

Saab’s remotely operated vehicle finishes water trials, moving toward sea tests

Saab UK has completed inshore water testing for its Seaeye SR20 eWROV, marking what it says is a significant milestone in the development of the fully electric, work-class remotely operated vehicle (ROV). Last month, the SR20 underwent rigorous trials aimed at validating its specifications and perfo

about 1 year ago
tug
Business Developments & Projects

Dutch firm christens new eco-friendly tug to support construction of ‘world’s first energy island’

Dutch towage and salvage company Multraship Towage & Salvage has held a christening ceremony for its newest eco-friendly tug, Multratug 36, built by compatriot shipbuilder Damen.

about 1 year ago
Proteus Marine Renewables signed a memorandum of understanding with Swedish bearing and seal manufacturing company SKF Marine and GE Vernova’s Power Conversion business.
Business Developments & Projects

Proteus Marine Renewables, SKF, GE Vernova join forces on multi-megawatt tidal energy project

UK-based tidal energy company Proteus Marine Renewables (PMR) has signed a memorandum of understanding (MoU) with Swedish bearing and seal manufacturing company SKF Marine and GE Vernova’s Power Conversion business to set a framework for delivering tidal turbine generation systems (TTGS) to develope

about 1 year ago
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