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Business Developments & Projects

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Illustration; Source: Baron Oil
Business Developments & Projects

UK player progressing talks to put funding in place for drilling ops offshore Timor-Leste next year

Baron Oil has entered its third year of a production sharing contract (PSC) for a gas field offshore Timor-Leste.

about 2 years ago
Eight cross-border energy infrastructure projects secure €600 million-bundle of financial support from EU
Business Developments & Projects

Eight cross-border energy infrastructure projects secure €600 million-bundle of financial support from EU

European Climate, Infrastructure and Environment Executive Agency (CINEA) has inked almost €600 million in grant agreements for eight cross-border energy infrastructure projects, entailing ten countries and covering electricity, gas, CO2, and smart grids. Five of these eight projects are focused on

about 2 years ago
Wadad Aletheia; Source: CCCUWE
Business Developments & Projects

Delivery of UAE player’s subsea vessel gets pushed to next quarter

The UAE-based CCCUWE has disclosed a revised schedule for the arrival of the newest member of its subsea fleet to its base.

about 2 years ago
Elia awards HVAC contracts for world’s first energy island
Business Developments & Projects

Elia awards HVAC contracts for world’s first energy island

Belgium’s transmission system operator (TSO) Elia has awarded contracts to several companies for high-voltage alternating current (HVAC) components of Princess Elisabeth Island, the world’s first energy island.

about 2 years ago
Nick Ingrassia, CEO of Longboat Energy; Source: Longboat Energy
Business Developments & Projects

Oil & gas firm closing Norwegian chapter to continue its story in Southeast Asia

Longboat Energy has decided to exit Norway to concentrate on building a full-cycle E&P business in Southeast Asia.

about 2 years ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

Aker BP’s drilling ops yield new gas discovery in Norwegian waters

Aker BP has made a new gas discovery on the Norwegian Continental Shelf (NCS), using one of Saipem’s semi-submersible rigs.

about 2 years ago
Höegh Autoliners
Business Developments & Projects

Höegh Autoliners secures funding for 4 new ammonia-fueled ships

Höegh Autoliners has been granted NOK 109.4 million (about $10.4 million) from Enova for four of the company’s ammonia-powered Aurora PCTCs.

about 2 years ago
Hy2gen’s subsidiary rebrands, reveals expansion plans
Business Developments & Projects

Hy2gen’s subsidiary rebrands, reveals expansion plans

Hy2gen Norge has changed its name to Hy2gen Nordic to reflect the company’s strategic expansion beyond Norway into other Nordic countries.

about 2 years ago
Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships
Business Developments & Projects

Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships

Maris Fiducia Norway, with HAV Hydrogen and Norwegian Hydrogen, secured $38.4 million funding from Enova for hydrogen-powered dry-bulk vessels.

about 2 years ago
Two out of four CO2 storage licenses awarded offshore Norway going to Equinor
Business Developments & Projects

Two out of four CO2 storage licenses awarded offshore Norway going to Equinor

The Norwegian Ministry of Energy has awarded four new exploration licenses related to CO2 storage on the Norwegian Continental Shelf (NCS) to six companies as part of the sixth call for CO2 storage on the NCS. The exploration licenses are located in the North Sea, with two offered to Equinor, one to

about 2 years ago
Illustration; Source: Rex International Holding
Business Developments & Projects

Singaporean player bringing Norwegian and African offshore oil & gas assets under one roof

Rex International Investments has signed a deal with two partners to combine offshore portfolios of two affiliates into a new joint venture.

about 2 years ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Business Developments & Projects

Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million

Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.

about 2 years ago
Enova
Business Developments & Projects

Fifteen green ship projects get $113.5M in Enova support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport.

about 2 years ago
After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Business Developments & Projects

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

about 2 years ago
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