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Business Developments & Projects

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Hyflex
Business Developments & Projects

Hydrogen fuel cell, battery-enabled Hyflex could replace fossil fuel solutions, tests confirm

Several project partners have conducted a joint field test to demonstrate the latest innovation in hydrogen-electric power infrastructure — a containerized hydrogen fuel cell and battery solution.

about 2 years ago
Italy's Saipem and Fincantieri jointly pursuing subsea robotics
Business Developments & Projects

Italy’s Saipem and Fincantieri jointly pursuing subsea robotics

Italian oilfield services company Saipem and compatriot shipbuilding giant Fincantieri have signed a Memorandum of Understanding (MoU) with the aim of evaluating opportunities for cooperation in subsea robotics for surveillance and control of critical underwater infrastructure. With the MoU, signed

about 2 years ago
UK engineering start-up gets financial boost for new wind propulsion system
Business Developments & Projects

UK engineering start-up gets financial boost for new wind propulsion system

UK-based maritime engineering start-up WingTek, in collaboration with the University of Bristol and the National Composites Centre, has won a £2.2 million ($2.7 million) innovation grant for the development of a new wind auxiliary propulsion (WAP) system.

about 2 years ago
Minesto sees slight decline in operating income, widens operating loss
Business Developments & Projects

Minesto sees slight decline in operating income, widens operating loss

Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2

about 2 years ago
Lhyfe secures €149 million grant for green hydrogen plant near Le Havre
Business Developments & Projects

Lhyfe secures €149 million grant for green hydrogen plant near Le Havre

Lhyfe will receive financial support from the French government to build a 100 MW green hydrogen production plant near Le Havre.

about 2 years ago
Texas LNG inks 20-year LNG offtake deal with Gunvor
Business Developments & Projects

Texas LNG inks 20-year LNG offtake deal with Gunvor

Texas LNG has signed a heads of agreement (HOA) with Gunvor for a 20-year LNG FOB sale and purchase agreement (SPA) for 0.5 MTPA of LNG from Texas LNG.

about 2 years ago
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Business Developments & Projects

Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program

Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.

about 2 years ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business Developments & Projects

Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

about 2 years ago
Contract extension to bring 2009-built Siem vessel outside North Sea
Business Developments & Projects

Under contract extension, 2009-built Siem vessel to work outside North Sea

Siem Offshore has secured a contract extension for its 2009-built diesel-electric driven multipurpose support vessel (MPSV). The 93.6-meter-long MPSV Siem Dorado has been awarded a contract extension for utilization for a period reaching towards the end of Q4 2024. Commencement will be in direct con

about 2 years ago
India publishes scheme guidelines for setting up hydrogen hubs
Business Developments & Projects

India publishes scheme guidelines for setting up hydrogen hubs

India’s Ministry of New and Renewable Energy (MNRE) has issued scheme guidelines for setting up hydrogen hubs under the National Green Hydrogen Mission (NGHM).

about 2 years ago
Louis Dreyfus Armateurs SOV liquid hydrogen
Business Developments & Projects

Louis Dreyfus Armateurs unveils liquid hydrogen SOV concept

France-headquartered Louis Dreyfus Armateurs (LDA) has introduced a concept for a service operations vessel (SOV) that utilizes liquid hydrogen as its primary fuel source. The liquid-hydrogen SOV, currently in the concept design phase, will be able to operate 95% of the time with zero carbon emissio

about 2 years ago
Thylacine platform in the Otway Basin; Source: Beach Energy
Business Developments & Projects

With public input period up and running, more gas drilling on the cards for Australia

Beach Energy has submitted a proposal for a natural gas project off the coast of Australia, which is now open for public consultation.

about 2 years ago
First steel cut for advanced Spain-made unmanned vessel
Business Developments & Projects

First steel cut for advanced Spain-made unmanned vessel

Spain’s GONDAN Shipbuilders has cut the first steel for an advanced unmanned surface vessel (USV) that will perform subsea inspection, maintenance and repair (IMR) and survey work. GONDAN Shipbuilders started the construction of the USV in collaboration with USV A/S, an alliance of DeepOcean, Solsta

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

TotalEnergies enriches its low-carbon portfolio with Talos’ entire CCS business

TotalEnergies has expanded its carbon capture and storage (CCS) arsenal by acquiring Talos’ CCS business, including three projects along the U.S. Gulf Coast.

about 2 years ago
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