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Business Developments & Projects

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Saipem unveils solution for large-scale green hydrogen production, utilizing Nel’s technology
Business Developments & Projects

Saipem unveils solution for large-scale green hydrogen production, utilizing Nel’s technology

Saipem has unveiled IVHY 100, a 100 MW green hydrogen solution leveraging Nel’s technology, advancing the decarbonization of hard-to-abate industries and renewable hydrogen production.

about 1 year ago
PosHYdon green hydrogen pilot moves to next phase with onshore test ticked off the list
Business Developments & Projects

PosHYdon green hydrogen pilot moves to next phase with onshore test ticked off the list

The PosHYdon project, also known as the world’s first pilot that aims to produce green hydrogen on an operational gas platform in the North Sea, has reached a new milestone with the completion of its onshore testing phase. The 15-member project consortium announced the start of the onshore testing p

about 1 year ago
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.
Business Developments & Projects

Subsea data provider joins upcoming SeaRAY ocean energy system demonstration

U.S.-based Tiburon Subsea, a subsea data collection and delivery provider, has joined fellow U.S. marine energy company C-Power’s partner engagement and co-development (PEC) program to handle subsea data collection for the upcoming SeaRAY ocean energy system demonstration. The two companies will col

about 1 year ago
ABS gives green light to SHI’s new ammonia FPSO design
Business Developments & Projects

ABS gives green light to SHI’s new ammonia FPSO design

Classification society ABS has approved a new design of an ammonia floating production storage and offloading (FPSO) unit developed by South Korean shipbuilder Samsung Heavy Industries (SHI). Having completed design reviews on the topside process, interface system, and layout based on class and stat

about 1 year ago
A floating, production, storage and offloading unit
Business Developments & Projects

Brazil sees monthly increase in oil & gas production, with lion’s share coming from Petrobras’ offshore fields

The Brazilian National Agency for Petroleum, Natural Gas, and Biofuels (ANP) has published its monthly oil and natural gas production bulletin for August 2024, comprising consolidated data on national production.

about 1 year ago
Norwegian energy giant hires compatriot firm for subsurface support
Business Developments & Projects

Norwegian energy giant hires compatriot firm for subsurface support

Norway’s state-owned energy giant Equinor has selected compatriot company AGR, part of energy and marine consultancy ABL Group, for the provision of subsurface and field development support related to project developments of its facilities, offshore installations and onshore plants. As part of the l

about 1 year ago
Laguna Star drillship; Source: Constellation
Business Developments & Projects

As drillship gets ready for its Brazilian gig with Petrobras, $500 million lands on Hanwha Drilling’s backlog

Hanwha Drilling, part of South Korea’s Hanwha Group, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work at the coast of Brazil for the South American country’s energy giant Petrobras.

about 1 year ago
The appraisal drilling at Block 58 was done with the Maersk Valiant (now called Noble Valiant) drillship; Source: Noble Corporation
Business Developments & Projects

TotalEnergies greenlights ‘historic’ $10.5 billion oil project, enabling new dawn to break over Suriname’s economy (Video)

TotalEnergies has kept its word by reaching a final investment decision (FID) for a giant oil project in Block 58 off the coast of Suriname before the year-end, as promised. With the construction and installation phases estimated to take approximately four years, the first oil is anticipated in 2028

about 1 year ago
Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing
Business Developments & Projects

Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing

In a major strategic realignment, UK-based midstream LNG & BioLNG company Avenir LNG has revealed its intent to divest from the HIGAS LNG storage terminal in Sardinia, Italy, as part of a shift to ‘exclusively’ focus on providing ‘efficient and sustainable’ small-scale liquefied natural gas (LNG) su

about 1 year ago
Two large vessels at sea surrounded by four smaller ones
Business Developments & Projects

First LNG cargo from floating terminal offshore Mexico sets sail for Europe (Video)

U.S. energy infrastructure player New Fortress Energy (NFE) has reached another milestone at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico with first full cargo and sail away.

about 1 year ago
US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland
Business Developments & Projects

US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland

The U.S. Department of Energy (DOE) has granted $2.5 million for the development and demonstration of advances in fuel cell technology at the Port of Oakland.

about 1 year ago
Geotechnical survey wraps up for first phase of South Korean floating wind project
Business Developments & Projects

Geotechnical survey wraps up for first phase of South Korean floating wind project

Korea Floating Wind (KF Wind), owned by Ocean Winds, Mainstream Renewable Power, and Kumyang Electric Co., has completed the geotechnical survey for the first phase of its 1,125 MW floating offshore wind project in South Korea. The first phase of the project, called East Blue Power, has a potential

about 1 year ago
A jack-up rig offshore
Business Developments & Projects

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 1 year ago
A large group of people standing in front of a vessel
Business Developments & Projects

Greek operator names LNG carrier

Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
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