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Business Developments & Projects

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Safe Concordia; Source: Prosafe
Business Developments & Projects

Prosafe vessel staying longer in Gulf of Mexico

Prosafe has secured a charter extension with an undisclosed company for one of its semi-submersible vessels, which is working in the U.S. Gulf of Mexico.

about 2 years ago
Chinese cabling giant buys into two UK companies, enters Morocco-UK power project
Business Developments & Projects

Chinese cabling giant buys into two UK companies, enters Morocco-UK power project

Chinese power cable specialist Orient Cable (NBO) is entering the Morocco-UK Power Project with the acquisition of a stake in the company behind the multi-technology renewable energy project. Xlinks First Limited announced it had entered into a share subscription agreement for the placement of commo

about 2 years ago
Baker Hughes making strides in transition to hydrogen economy
Business Developments & Projects

Baker Hughes making strides in transition to hydrogen economy

Energy technology company Baker Hughes has reached numerous milestones in the advancement of its hydrogen-enabling technologies as well as in executing several customers’ hydrogen projects and new collaborations as part of its broader strategy in new energy. The company announced these milestones du

about 2 years ago
ABB
Business Developments & Projects

ABB to accelerate decarbonization of NCLH cruise ship fleet

Swiss technology company ABB and the US-based Norwegian Cruise Line Holdings (NCLH) have signed a long-term partnership agreement to accelerate the decarbonization and digitalization of the Norwegian Cruise Line (NCL) fleet.

about 2 years ago
Höegh Autoliners’ first LNG-powered Aurora-class PCTC hits the water in China
Business Developments & Projects

Höegh Autoliners’ first LNG-powered Aurora-class PCTC hits the water in China

Norway-based shipping company Höegh Autoliners has revealed that its first LNG-powered Aurora-class PCTC was floated out of the drydock in China.

about 2 years ago
Map showing location of CGG’s new Trinidad & Tobago reimaging program
Business Developments & Projects

Trinidad and Tobago hires CGG for multi-client reimaging program

Paris-based company CGG has signed an agreement with the Ministry of Energy and Energy Industries of Trinidad and Tobago to update 3D seismic data from deepwater blocks off the coast of Trinidad. CGG will deliver improved images of seismic data from deepwater blocks 25a, 25b, 26, and 27 in the east

about 2 years ago
Wilhelmshaven hydrogen initiative welcomes first North American partner
Business Developments & Projects

Wilhelmshaven hydrogen initiative welcomes first North American partner

Canadian renewable energy company World Energy GH2 has joined Port of Wilhelmshaven’s ENERGY HUB, an initiative that aims to position Wilhelmshaven as the ‘Hydrogen Valley of Germany’, as the first North American member. On 26 January, World Energy GH2 announced it had officially become a member of

about 2 years ago
The FPSO Agogo, which is currently under conversion, is targeted for deployment in 2025; Source: Yinson
Business Developments & Projects

Norwegian player’s compressor system hand-picked for Yinson Production’s Angola-bound FPSO

TMC Compressors has been hired by Yinson Production to deliver a large-capacity marine compressed air system on board an FPSO destined for Angola.

about 2 years ago
ONE
Business Developments & Projects

ONE wins AiP for ammonia dual-fueled vessel, accelerating progress towards net zero

Singapore-based Ocean Network Express (ONE) has been awarded Approval in Principle (AiP) from classification society DNV for an ammonia dual-fueled vessel, marking another milestone for the shipping company on its journey towards net zero by 2050.

about 2 years ago
Solstad completes refinancing
Business Developments & Projects

Solstad completes refinancing

Solstad Shipholding, part of Norway’s Solstad Offshore (SOFF), has completed refinancing which is expected to create a robust industrial platform going forward. The completed refinancing includes equity contributions to Solstad Maritime Holding (SMH) of NOK 4 billion (around $384.2 million) in total

about 2 years ago
Illustration; Source: Europa Oil & Gas
Business Developments & Projects

UK oil & gas firm gets more time for technical studies and partner search off Ireland

AIM-listed Europa Oil & Gas has got an extension for a license offshore Ireland from the Irish government’s DECC.

about 2 years ago
Excelerate Energy to purchase Qatari LNG for Bangladesh
Business Developments & Projects

Excelerate Energy to purchase Qatari LNG for Bangladesh

Qatar’s LNG heavyweight QatarEnergy and U.S.-based LNG importer Excelerate Energy have signed a long-term agreement for the supply of LNG from Qatar to Bangladesh. This sale and purchase agreement (SPA) will see Excelerate buy up to 1 million tons per annum (mtpa) of LNG from QatarEnergy to be deliv

about 2 years ago
Lhyfe’s offshore hydrogen production pilot aces trials
Business Developments & Projects

Lhyfe’s offshore hydrogen production pilot aces trials

French hydrogen producer Lhyfe has shared operating results from its Sealhyfe project, also known as the world’s first offshore hydrogen production pilot which returned to dock in November 2023, confirming that the initial objectives were met. Lhyfe launched the Sealhyfe project, equipped with a 1 M

about 2 years ago
FPSO Sepetiba; Source: SBM Offshore
Business Developments & Projects

Petrobras’ annual oil & gas production reaches new heights

Petrobras has achieved new oil and gas production milestones in 2023, exceeding its strategic plan 2023-27 guidance.

about 2 years ago
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