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Illustration; Source: DNV
Business Developments & Projects

DNV: Oil & gas witnessing confidence resurgence while energy transition price tag hampers net-zero aspirations

A new survey from DNV pinpoints the cost of the energy transition as the biggest barrier to meeting the net zero targets.

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

TotalEnergies spuds North Sea well with Shelf Drilling rig

TotalEnergies has embarked on drilling operations at a well in the Danish sector of the North Sea. If more gas is found it will be exported through the Tyra facilities.

about 2 years ago
Illustration; Source: AG&P LNG
Business Developments & Projects

Global LNG markets facing oversupply while key importing regions work on curbing demand

The new wave of LNG supply is set to flood the market amid demand uncertainty, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

about 2 years ago
Nel to focus solely on development of electrolyzers
Business Developments & Projects

Nel to focus solely on development of electrolyzers

Nel has pronounced itself as a company solely dedicated to developing and delivering electrolyzers to produce renewable hydrogen.

about 2 years ago
An aerial view of the Excelsior ship docked at Freeport LNG terminal; Courtesy of Freeport LNG
Business Developments & Projects

Support for US LNG terminals deemed as ‘backdoor’ for more gas drilling

The support for LNG projects skyrocketed to stave off a gas crunch. Which insurance players are enabling the operation of LNG terminals in the U.S.?

about 2 years ago
Korean trio teams up with Amogy on ammonia technology for ships
Business Developments & Projects

Korean trio teams up with Amogy on ammonia technology for ships

Korean Register (KR), Hanwha Ocean, Hanwha Aerospace and Amogy have signed an MoU that focuses on the technical collaboration and certification for the application of ammonia reformers and ammonia fuel cell systems to ships.

about 2 years ago
Darwin LNG in Australia; Source: Australian Energy Producers (former APPEA)
Business Developments & Projects

Twofold jump in LNG demand places Australian gas at the heart of Asia’s energy security and emissions cuts

Australian Energy Producers is convinced that Australian gas has the opportunity to be a major piece of the Asia-Pacific’s emissions reductions and energy security puzzles.

about 2 years ago
Sattelite photo showing the 2021 oil spill off the coast of Baniyas, Syria; Credit: Planet Labs
Business Developments & Projects

More than 750 oil slicks spotlight pollution risks in Mediterranean Sea

757 oil slicks, covering 1.9 million hectares in the Mediterranean Sea, have been identified between July 2020 – January 2024.

about 2 years ago
Ocean Power Technologies delivers first set of USVs under its largest single order to date
Business Developments & Projects

Ocean Power Technologies delivers first set of USVs under its largest single order to date

U.S.-headquartered Ocean Power Technologies (OPT) has delivered the first set of WAM-V uncrewed surface vehicles (USVs) to subsea specialist Sulmara as part of the largest single order of WAM-Vs to date. According to OPT, the WAM-V is designed to adapt to various marine environments and applications

about 2 years ago
MacArtney’s to connect GreenLink at PacWave South for testing marine energy technologies
Business Developments & Projects

MacArtney’s to connect GreenLink at PacWave South for testing marine energy technologies

MacArtney Underwater Technology Group’s GreenLink terminations will connect technology at PacWave South (PWS), an Oregon State University platform for testing marine energy devices in open-ocean environments to advance wave energy as a reliable power source.

about 2 years ago
New alliance looking to boost hydrogen, ammonia and biofuel production
Business Developments & Projects

New alliance looking to boost hydrogen, ammonia and biofuel production

Empati and TNE have signed a strategic memorandum of understanding (MoU) to accelerate green hydrogen, ammonia and biofuel production.

about 2 years ago
Weco preparing for testing in the Delta Flume at Deltares
Business Developments & Projects

Dutch company to test wave energy converter at ‘world’s largest’ wave simulation facility (Video)

The Hague-based Wave Energy Collective (Weco) is to test its wave energy converter (WEC) in the Delta Flume at Deltares.

about 2 years ago
MLJ3 platform; Source: TotalEnergies
Business Developments & Projects

Malaysian oil & gas firm swoops up TotalEnergies’ Brunei business for $259 million

TotalEnergies has set the wheels in motion to divest its affiliate in Brunei to Hibiscus Petroleum, enabling the latter to take over an offshore asset.

about 2 years ago
Solstad subsea vessels get prolonged charters
Business Developments & Projects

Solstad subsea vessels get prolonged charters

Norwegian shipping company Solstad Offshore has secured contract extensions for two of its construction support vessels (CSVs). Subsea7 has exercised the 2025 optional charter period for the Normand Subsea, with the contract now firm until December 31, 2025, with no further options thereafter. The 2

about 2 years ago
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