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Business Developments & Projects

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Illustration; Source: i3 Energy
Business Developments & Projects

Canadian oil & gas player makes $225.4 million takeover bid for UK firm

Gran Tierra Energy has made a move to bring i3 Energy, the UK-based oil and gas player, into its fold by pursuing a $225.4 million business combination that will not only diversify but also expand its asset portfolio.

about 2 years ago
An offshore platform
Business Developments & Projects

Kent demystifying oil & gas decarbonization economics

Dubai-headquartered engineering and services company Kent is developing a comprehensive report aiming to offer guidance for determining the cost of decarbonization, including its societal aspect, in the upstream oil and gas industries on behalf of the London-based Energy Institute.

about 2 years ago
An aerial photo of JDR Cable Systems' new Blyth facility
Business Developments & Projects

JDR’s Chief Strategy Officer: ‘Look at floating wind’

JDR Cable Systems is already at the forefront of the production and supply of dynamic subsea cables to the floating wind market and will become a leader as the market expands, JDR’s Chief Strategy and Compliance Officer said in an interview with our sibling news site offshoreWIND.biz. In this articl

about 2 years ago
Jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Shelf Drilling’s backlog reaches $2.1 billion with 33 out of 36 rigs busy with work

Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024.

about 2 years ago
Contract extension puts high-end subsea vessel to work until May 2028
Business Developments & Projects

Contract extension puts high-end subsea vessel to work until May 2028

DOF Subsea has secured a contract extension for its high-end subsea vessel that will keep the vessel busy until mid-2028. The new commitment for DOF’s Skandi Africa will run until May 2028 and will commence in direct continuation with the current commitment, which runs until February 2025. According

about 2 years ago
Ocean Sun has secured funding from Innovation Norway to advance key technology areas, including a freshwater collection system.
Business Developments & Projects

Innovation Norway backs compatriot floating solar firm with funding

Norway-based floating solar company Ocean Sun has secured funding from state-owned Innovation Norway to advance key technology areas, including a freshwater collection system.

about 2 years ago
Proman scales up methanol bunkering in Trinidad and Tobago
Business Developments & Projects

Proman scales up methanol bunkering in Trinidad and Tobago

Proman highlights the potential of Trinidad as a methanol bunkering hub with 2,100 MT of methanol to be delivered to ships in August 2024.

about 2 years ago
biomethane
Business Developments & Projects

MOL: Biomethane from animal manure could fuel vessels in the future

Several Japanese companies including shipping major Mitsui O.S.K. Lines (MOL) have launched a study on the production and utilization of biomethane from animal manure.

about 2 years ago
LNG vessel surrounded by four tugboats approaching a jetty
Business Developments & Projects

Demand boost prompts calls for more gas production and fewer exports in Western Australia

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, is set on working with the government of Western Australia (WA) to find the best way forward following an inquiry into the state’s domestic gas policy by the Western Australian Par

about 2 years ago
$40M fund for New Yorkers looking to build careers in green economy opens second call
Business Developments & Projects

$40M fund for New Yorkers looking to build careers in green economy opens second call

Champlain Hudson Power Express (CHPE), the high-voltage direct current (HVDC) power cable project that will connect the Canadian border and New York, has opened the second request for proposals (RFP) for its $40 million fund dedicated to supporting New York State’s disadvantaged communities, low-inc

about 2 years ago
Outer Harbor project site; Source: Venice Energy
Business Developments & Projects

Formal negotiations underway for new partner to come aboard renewable-powered floating LNG import terminal

Venice Energy is engaged in formal negotiations to secure what it describes as a major international balance sheet partner for a proposed liquefied natural gas (LNG) import terminal project in South Australia.

about 2 years ago
NYK concludes first charter deal for methanol-fueled bulk carrier
Business Developments & Projects

NYK concludes first charter deal for methanol-fueled bulk carrier

NYK Bulk & Projects Carriers has reached a basic agreement with Kambara Kisen to time charter a methanol dual-fuel bulk carrier.

about 2 years ago
West Phoenix rig; Source: Semco Maritime
Business Developments & Projects

Seadrill rig wraps up North Sea drilling campaign and comes to Norwegian yard

Seadrill has finished its drilling assignment at a field life extension project in the North Sea off the coast of Norway, which enabled its semi-submersible rig to go to a yard in Bergen.

about 2 years ago
Rendering of Scarborough FPU; Source: Woodside
Business Developments & Projects

As legal challenge for $12.5 billion gas project gets dropped, first LNG cargo on track for 2026

Woodside has struck a deal to ensure a two-year legal challenge, concerning its giant energy project off the coast of Australia will be dismissed.

about 2 years ago
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