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Hejre jacket; Credit: INEOS
Business Developments & Projects

Another contractor gets FEED deal for North Sea gas platform

Kent has landed a front end engineering design (FEED) contract for a high-pressure, high-temperature (HP/HT) gas production platform in the North Sea off the coast of Denmark.

about 2 years ago
Australia's green hydrogen outlook
Business Developments & Projects

Australia’s Hydrogen Headstart program receives $2 billion boost

As part of a funding package of $7.1 billion for budgeted programs to be administered by ARENA, the Australian government has allocated $2 billion for round two of the Hydrogen Headstart program.

about 2 years ago
Naming ceremony for Greenergy Ocean LNG carrier; Source: MOL
Business Developments & Projects

MOL names first of six newbuilding LNG carriers at Chinese shipyard

Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuilding liquefied natural gas (LNG) carrier at a Chinese shipyard.

about 2 years ago
Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book
Business Developments & Projects

Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book

Jan De Nul Group has started 2024 with an order book of €8.9 billion, an increase of 38% compared to last year. In its latest financial report, the Belgian company said it had far exceeded its expectations for 2023 and has been net debt-free for the tenth year in a row. In 2023, Jan De Nul reported

about 2 years ago
Source: Orbital Marine Power
Business Developments & Projects

Orbital Marine Power partners with Global Energy Group for Orkney tidal projects

Scotland-based renewable energy company Orbital Marine Power has picked Global Energy Group as a supplier to lead the manufacture and assembly of turbines for the company’s Orkney projects which have won contracts under the UK Government’s Contract for Difference (CfD) auction rounds 4 and 5.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business Developments & Projects

Emergency arbitrator picked: Has Dolphin Drilling’s attempt to oppose Nigerian oil & gas firm’s restraining order against rig termination failed?

General Hydrocarbons Limited (GHL) has succeeded in its endeavor to obtain an interim injunction against Dolphin Drilling’s plan to break off a semi-submersible rig’s deal off the coast of Nigeria.

about 2 years ago
Oceaneering on track with full-year 2024 expectations
Business Developments & Projects

Oceaneering on track with full-year 2024 expectations

Texas-headquartered Oceaneering International has reported an operating income of $44.2 million for its Subsea Robotics division in the first three months of 2024, a 31% increase compared to the first quarter of 2023. In Q1 2024, Oceaneering reported a net income of $15.1 million on revenue of $599

about 2 years ago
Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.
Business Developments & Projects

US research program backs eleven marine energy projects

Ship cabin image on the sea representing twelfth Request For Technical Support (RFTS), the U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program.

about 2 years ago
Plug Power gets conditional loan of up to $1.66 billion for hydrogen projects
Business Developments & Projects

Plug Power gets conditional loan of up to $1.66 billion for hydrogen projects

Plug Power has received a conditional commitment for an up to $1.66 billion loan guarantee from the U.S. Department of Energy (DOE) to finance green hydrogen projects.

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

ADES firms up jack-up rig’s drilling gig in Thailand

ADES has ironed out all the details for a new offshore drilling assignment, which will be undertaken by one of its jack-up rigs off the coast of Thailand.

about 2 years ago
Reach Subsea achieves record order backlog as it pursues 'large untapped potential' within group
Business Developments & Projects

Record order backlog for Reach Subsea as it pursues ‘large untapped potential’ within group

Norway’s Reach Subsea has reported record financial results for the first three months of 2024 with the order backlog reaching NOK 1.3 billion (about €111.5 million), a 60% increase compared to the first quarter of 2023. Revenue for Q1 2024 was NOK 575.3 million, a 146% increase compared to NOK 234

about 2 years ago
National associations commit to advancing clean hydrogen across Europe
Business Developments & Projects

National associations commit to advancing clean hydrogen across Europe

National hydrogen associations agreed to strengthen ties through Cooperation Charter for European Associations Advancing Clean Hydrogen.

about 2 years ago
Illustration; Credit: Jarrad Seng/Woodside
Business Developments & Projects

Woodside making strides in developing deepwater gas project

Woodside Energy has discussed the inroads made in the development of its deepwater natural gas field off the coast of Trinidad.

about 2 years ago
New milestone unlocked as ADNOC delivers first certified commercial shipment of low-carbon ammonia
Business Developments & Projects

New milestone unlocked as ADNOC delivers first certified commercial shipment of low-carbon ammonia

ADNOC delivered the first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage to Mitsui in Japan.

about 2 years ago
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