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Business Developments & Projects

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Illustration; Source: Aize
Business Developments & Projects

Aker BP bolsters digitalization arsenal by streamlining brownfield asset management with help of digital twins

Aker BP has expanded its collaboration with Aize, a digital twin software provider, by including a software-as-a-service (SaaS) agreement for all relevant facilities.

about 2 years ago
HGK Shipping
Business Developments & Projects

HGK Shipping unveils wind-powered diesel-electric gas tanker design

HGK Shipping, part of Germany’s integrated logistics group HGK, has developed a design for a river/sea-going gas tanker to better comply with new transport requirements in the energy transition era.

about 2 years ago
Illustration; Source: MODEC
Business Developments & Projects

MOL grabs bigger stake in MODEC to bolster offshore energy game as decarbonization age goes on

Japan’s MOL has taken hold of a larger stake in MODEC, which will enable it to convert the firm into an equity-method affiliate in pursuit of further growth in both firms’ offshore businesses against the backdrop of energy transition plays that call for a step-up in the decarbonization arena.

about 2 years ago
KNCC teams up with COSCO to develop LCO2-EP carrier with direct injection offshore capability
Business Developments & Projects

KNCC teams up with COSCO to develop LCO2-EP carrier with direct injection offshore capability

Liquefied CO2 (LCO2) marine transportation company Knutsen NYK Carbon Carriers (KNCC) and China’s COSCO Shipping Heavy Industry have signed a joint study agreement to ensure market readiness and detail design development for LCO2 carriers. The joint study will include the LCO2 carrier based on KNCC’

about 2 years ago
Pre-lay operations about to begin for first UK-Germany energy link
Business Developments & Projects

Pre-lay operations about to begin for first UK-Germany energy link

The C-Horizon vessel is set to soon kick off shallow water debris removal, boulder relocation and pre-lay grapnel run activity in UK waters to clear the proposed cable route for the first direct energy link between the UK and Germany. The 1.4 GW NeuConnect interconnector will see the construction of

about 2 years ago
Former CEO of Transocean JV takes the same role at Northern Ocean
Business Developments & Projects

Former CEO of Transocean JV takes the same role at Northern Ocean

Oslo Stock Exchange-listed offshore drilling contractor Northern Ocean, a spin-off company of Northern Drilling, has picked a new Chief Executive Officer (CEO) to spearhead the company and oversee the implementation of its growth strategy.

about 2 years ago
A man in his working suit, Matthew Hewitson, squats next to the tidal turbine parts
Business Developments & Projects

UK firm finishes geotechnical investigation for offshore tidal turbine in Orkney

UK-based engineering consultancy Ryder, part of Tekmar Group, has completed a geotechnical site investigation for an offshore floating tidal turbine project located at the Fall of Warness European Marine Energy Centre (EMEC) test site in Orkney. A site investigation assessed ground conditions for de

about 2 years ago
Rendering of Rio Grande LNG; Source: NextDecade
Business Developments & Projects

After court axes permit, NextDecade pulls back ‘not sufficiently developed’ CCS application for US LNG project

NextDecade has made a move to retract an application made to the Federal Energy Regulatory Commission (FERC) for a proposed carbon capture and storage (CCS) project envisioned to be deployed as a way to curb the carbon footprint of its liquefied natural gas (LNG) export terminal located at the Port

about 2 years ago
Danish Shipping counts on Denmark-Germany deal on North Sea Energy Island to support its green ships and fuels vision
Business Developments & Projects

Danish Shipping counts on Denmark-Germany deal on North Sea Energy Island to support its green ships and fuels vision

As Denmark is starting negotiations with Germany on the North Sea Energy Island, the proposed artificial energy island in the North Sea, the trade and employer association Danish Shipping is optimistic the possible agreement will bring the necessary infrastructure to support the association’s invest

about 2 years ago
ADNOC, Petronas and Storegga team up on carbon capture and storage off Malaysia
Business Developments & Projects

ADNOC, Petronas and Storegga team up for carbon capture and storage off Malaysia

Malaysian state-owned energy giant Petronas, Abu Dhabi National Oil Company (ADNOC), and UK’s carbon capture and storage (CCS) company Storegga have signed a joint study and development agreement (JSDA) to evaluate the CO2 emissions storage capabilities of saline aquifers and the construction of CCS

about 2 years ago
An offshore rig illuminated by lights at sunset
Business Developments & Projects

With new offshore block in the bag, Inpex gearing up for hydrocarbon exploration ops in Australia

Inpex Browse E&P, a subsidiary of Japan’s energy company Inpex Corporation, has won a license allowing it to search for hydrocarbons in a block off the northern coast of Western Australia as part of the country’s 2022 offshore petroleum exploration acreage release.

about 2 years ago
Stolt Tankers barge switches to 100% renewable fuel to underpin sustainability strategy
Business Developments & Projects

Stolt Tankers barge switches to 100% renewable fuel to underpin sustainability strategy

Tanker operator Stolt Tankers, part of London-based transportation group Stolt-Nielsen Limited, has bunkered one of its barges with 100% renewable fuel for the first time, reaching a new milestone in its sustainability journey. The barge Stolt Main was bunkered with HVO100, a synthetic renewable die

about 2 years ago
The construction of China's large-scale Yantai Zhaoyuan 400MW Offshore HJT Solar Project
Business Developments & Projects

‘China’s first large-scale offshore PV project’ ready for operation

The booster station for what is said to be China’s first large-scale, pile-fixed deep-water offshore photovoltaic (PV) project has been energized for the first time, marking the operational readiness of the project. The CGN Yantai Zhaoyuan 400 MW floating solar project, located in Laizhou Bay in nor

about 2 years ago
FPSO Jotun; Source: Vår Energi
Business Developments & Projects

FPSO delay pushes North Sea project’s costs up by $400 million and bumps first oil to 2025

Vår Energi has made changes to the schedule for the start-up of an oil field life extension project in the Norwegian sector of the North Sea, moving it to the second quarter of 2025.

about 2 years ago
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