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Business Developments & Projects

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South Stack © Visit Wales
Business Developments & Projects

Anglesey tidal energy project moves forward as environmental plan completes

Natural Resources Wales has completed the Environmental Monitoring and Mitigation Plan (EMMP) for the Marine Characterization Research Project (MCRP), led by Menter Môn. The EMMP, developed with input from environmental stakeholders and an advisory group, is part of the marine license for the Morlai

about 1 year ago
Anchor FPU; Source: Chevron
Business Developments & Projects

Gulf of Mexico’s oil & gas platforms getting check-up post-tropical cyclone while offshore facilities in China ride out super typhoon

Following bad weather, the offshore oil and gas facilities in the Gulf of Mexico are set to undergo inspection to determine if they are in a fit condition to return online while CNOOC has confirmed that its offshore facilities overall weathered the storm.

about 1 year ago
C-Power CEO Reenst Lesemann and SLB OneSubsea CEO Mads Hjelmeland joined by colleagues from OneSubsea and Subsea7 at ONS in Stavanger, Norway, to celebrate a joint industry project to test a next-gene
Business Developments & Projects

SLB, Subsea7 partner with C-Power to explore ocean energy solutions for subsea applications

SLB has inked a memorandum of understanding (MoU) with C-Power through its OneSubsea joint venture (JV) to, together with Subsea7, explore using ocean energy as a lower-cost, lower-carbon power source for subsea applications. SLB OneSubsea, the JV backed by SLB, Aker Solutions, and Subsea7, will pro

about 1 year ago
LH₂
Business Developments & Projects

HD KSOE’s 80,000 cbm electric LH₂ carrier gets DNV’s blessing

Classification society DNV has awarded an approval in principle (AiP) to South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its electric propulsion liquefied hydrogen (LH₂) carrier design concept that could enable 80,000 cubic meters of LH₂ storage and transport.

about 1 year ago
Nexans to link Orkney Islands to UK mainland by 2027
Business Developments & Projects

Nexans to link Orkney Islands to UK mainland in 2027

Following the capacity reservation agreement signed in November 2023, French subsea power cables manufacturer Nexans has officially been awarded a contract by SSEN Transmission to connect the Orkney Islands and the UK mainland. The Orkney Transmission Link will exchange up to 220 MW of renewable ene

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

Shelf Drilling’s triangular merger move consolidates its jack-up fleet and sorts out funding gap

Shelf Drilling (SHLF) has made a consolidation move, which is structured as a proposed triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS) as the surviving entity in the proposed merger, and SHLF as the issuer of the merger consideration shares.

about 1 year ago
Stena Forth drillship; Source: Stena Drilling
Business Developments & Projects

Despite gas pays being present, drilling ops off Morocco ‘unsuccessful’ in fulfilling main objectives

Energean has finished drilling activities without reaching its exploration targets at an appraisal well on its gas field in the Lixus license located 40 km off the coast of Morocco in the Atlantic Ocean.

about 1 year ago
Browse to North-West Shelf project development concept; Source: Woodside
Business Developments & Projects

$30 billion offshore energy undertaking at stake of being thwarted as endangered sea snake slithers to mega gas project

Will a dusky sea snake, which has been put on the endangered list by the Australian federal government, jeopardize a project, led by Australia’s energy giant Woodside and valued at over $30 billion, to develop what is said to be the country’s largest untapped conventional gas resource?

15 minutes read
Illustration; Source: BV
Business Developments & Projects

Closing ‘reality gap’ between net zero ambition and energy transition action requires US and EU to pull all decarbonization levers

McKinsey & Company, a global management consulting firm, highlights the need to up the climate action ante by scaling up interrelated low-emission and green technologies.

about 1 year ago
Knutsen welcomes eighth energy-efficient LNG carrier for charter with Shell
Business Developments & Projects

Knutsen welcomes eighth energy-efficient LNG carrier for charter with Shell

Norwegian shipping company Knutsen Group has received new energy-efficient LNG carrier for charter with energy giant Shell from South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI). The 174,000 cubic meter LNG carrier named Nantes Knutsen was delivered to the shipowner on September 13, 202

about 1 year ago
CSS Subsea, a subsea engineering solutions provider, has been acquired by a UK-based subsea company Artina, expanding both companies' capabilities in the global energy services market.
Business Developments & Projects

New ownership for Swiss subsea engineering solutions provider

CSS Subsea, a subsea engineering solutions provider, has been acquired by a UK-based subsea company Artina, expanding both companies’ capabilities in the global energy services market. After five years as part of CSS Group, CSS Subsea will now operate as Deepwave under new ownership. The transition

about 1 year ago
Zama graphic; Credit: Wintershall Dea
Business Developments & Projects

Mexico’s top oil & gas projects under development: Coming to grips with main hydrocarbon challenges and obstacles at home and abroad

Mexico’s energy officials have offered a glimpse into the prospects for the exploration and extraction of hydrocarbons not only in the domestic playground but also the international one, under the backdrop of economic, geopolitical, and energy transition woes and opportunities.

about 1 year ago
MOL and Chevron to equip newbuild LNG carrier with wind-assisted propulsion
Business Developments & Projects

MOL and Chevron to equip newbuild LNG carrier with wind-assisted propulsion

Japanese shipping major Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company, a subsidiary of energy company Chevron, have signed an agreement to install Wind Challenger, a hard sail wind-assisted ship propulsion system, on a newbuild LNG carrier. The vessel is said to be the world’s LNG carrier t

about 1 year ago
Proteus Marine Renewables' worker
Business Developments & Projects

Proteus Marine Renewables starts crowdfunding campaign to propel tidal energy commercialization

UK-based tidal energy company Proteus Marine Renewables (PMR) has launched a crowdfunding campaign to support its technology commercialization program. On 9 September, PMR opened early access to crowdfunding through Crowdcube. “With key global sites primed for tidal energy adoption and the market f

about 1 year ago
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