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Business Developments & Projects

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E-fuel
Business Developments & Projects

Major investment aims to drive progress with decarbonization via synthetic fuels production

Japan’s shipping giant Mitsui O.S.K Lines (MOL) is to invest in U.S.-based e-fuels producer HIF Global through its wholly-owned subsidiary MOL Clean Energy aiming to reduce carbon emissions by promoting the establishment of a ‘robust’ e-fuel and CO2 supply chain. As informed, HIF Global has already

about 1 year ago
An aerial view of a circular offshore platform surrounded by several smaller vessels
Business Developments & Projects

TotalEnergies to supply ‘world’s largest LNG importing country’ with natural gas until 2034

France’s energy giant TotalEnergies has landed a five-year extension of its liquefied natural gas (LNG) sales and purchase agreement (SPA) with Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC).

about 1 year ago
Babcock wins LR’s nod for ammonia release recovery system
Business Developments & Projects

Babcock wins LR’s nod for ammonia release recovery system

Babcock’s LGE business has received approval in principle (AiP) from the classification society Lloyd’s Register for its ammonia release recovery system, ecoVARSTM.

about 1 year ago
Lake Charles LNG; Source: Energy Transfer
Business Developments & Projects

French-US pair bag over $1 billion for revamp project to bring America’s LNG import terminal new lease on life as large export facilities

Technip Energies and KBR has been put in charge of repurposing a liquefied natural gas (LNG) import and regasification terminal, located on Louisiana’s Gulf Coast, into what has been envisioned to become one of the largest LNG facilities in the United States.

about 1 year ago
NKT construction of the third extrusion tower is soaring to new heights at the Swedish high voltage factory, where the slipform casting of concrete continues towards the final height of 200 meters; So
Business Developments & Projects

NKT hits 100-meter mark for addition to its huge subsea power cable factory

NKT has made inroads in the construction of a new cable extrusion tower for a power cable factory in Karlskrona, Sweden, which is expected to be the world’s largest high-voltage offshore power cable factory after completion.

about 1 year ago
M/V Ross Eagle; Source: Ross Offshore, part of AGR
Business Developments & Projects

‘Major’ refit around the corner for 2003-built vessel with work-class ROV among new enhancements

AGR has disclosed a list of improvement features that will be added to a ship originally built as a platform supply vessel (PSV), which is said to have emerged as a solution to a major energy industry bottleneck – the scarcity of special-purpose ships, with refurbishment work allowing it to sign up

about 1 year ago
New platform for Marjan field; Source: COOEC
Business Developments & Projects

Saipem picks up $2 billion job at huge oil & gas field in Middle East

Saipem has won another such deal for work at an oil and gas field off the coast of Saudi Arabia, which the country’s energy giant Aramco operates.

about 1 year ago
FPSO One Guyana; Source: SBM Offshore
Business Developments & Projects

WATCH: SBM Offshore FPSO getting ready to sail toward ExxonMobil’s Guyanese oil project next year

SBM Offshore has tucked a new milestone under its belt with the completion of a floating production, storage, and offloading (FPSO) vessel’s final module lifts at Seatrium’s yard in Singapore. This FPSO will work on ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.

about 1 year ago
Illustration; Source: Georgian State Electrosystem (GSE)
Business Developments & Projects

TSO quartet moving forward with €3.5 billion subsea cable link between four countries to bring green energy to Europe

Four transmission system operators (TSOs) have pooled resources to create a joint venture (JV) company that will bring a subsea cable link between Azerbaijan, Romania, Georgia, and Hungary to life for a price tag of €3.5 billion, sending renewable electricity from the South Caucasus region straight

about 1 year ago
RWE and AM Green ink long-term ammonia supply deal
Business Developments & Projects

RWE and AM Green ink long-term ammonia supply deal

RWE Supply & Trading has signed a memorandum of understanding (MoU) with AM Green Ammonia (AMG), a subsidiary of AM Green Group, for the long-term supply of green ammonia.

about 1 year ago
FPSO Johan Castberg; Source: Ocean Installer
Business Developments & Projects

Ocean Installer enters last stretch of subsea work enabling huge FPSO to achieve its first oil endgame (Photo)

Ocean Installer, part of the Moreld Group, has moved to the final stage of its subsea scope for a giant new floating production, storage, and offloading (FPSO) vessel, which is slated to start its three-decade job next quarter at a large oil project in the Barents Sea off the coast of Norway.

about 1 year ago
LNG carrier; Source: Wärtsilä
Business Developments & Projects

Chevron knocks on Wärtsilä’s door for LNG fleet engine conversion in pursuit of methane slip cuts

Wärtsilä and Chevron are teaming up on converting one engine on six of Chevron Transport Corporation’s liquefied natural gas (LNG) carriers in a bid to reduce their methane emissions.

about 1 year ago
UAE-US partnership brings autonomous vehicle services to the Middle East
Business Developments & Projects

US firm ready to ship its wave-powered bouy to Middle East

With revenue recognition on the horizon, Ocean Power Technologies (OPT), a U.S.-based marine energy firm, has completed preparations to ship the AI-capable Merrows PowerBouy (PB) to a customer in the Middle East. With the shipment of the PB, OPT will advance to the next phase of revenue recognition

about 1 year ago
Norwegian seismic company TGS has finished the acquisition of an ultra-high-resolution 3D (UHRD3D) survey on behalf of Community Offshore Wind in the New York Bight, providing soil condition data to g
Business Developments & Projects

TGS wraps up ultra-high-resolution 3D survey for offshore wind project in New York Bight

Norwegian seismic company TGS has finished the acquisition of an ultra-high-resolution 3D (UHRD3D) survey on behalf of Community Offshore Wind in the New York Bight, providing soil condition data to guide the design of the offshore wind project. According to TGS, the survey began in October 2023 and

about 1 year ago
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