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FLNG Gimi's departure; Source: Golar LNG
Business Developments & Projects

New FLNG sets sail from Seatrium shipyard towards BP’s giant gas project

BP is two months away from welcoming the arrival of an FLNG destined for its LNG project off the coasts of Mauritania and Senegal.

about 2 years ago
Carbon capture and storage project off Malaysia to start operating by 2028
Business Developments & Projects

Carbon capture and storage project off Malaysia to kick off by 2028

Three Japanese companies have signed a key principles agreement (KPA) with Petronas for the maturation and development of a carbon capture and storage (CCS) project offshore Malaysia, aiming for commercialization by the end of 2028. Japan Petroleum Exploration (JAPEX), JGC Holdings Corporation (JGC

about 2 years ago
Danish Energy Agency makes new decision on PtX tender winners as one company fails to meet contractual obligations
Business Developments & Projects

Danish Energy Agency makes new decision on PtX tender winners as one company fails to meet contractual obligations

The Danish Energy Agency (DEA) has made a new decision regarding the winners of Denmark’s first Power-to-X (PtX) tender as it turned out that one of the winners, namely Plug Power Idomlund Denmark, can not meet the condition of providing a bank guarantee, meaning the company is no longer the winner

about 2 years ago
NSEC countries ‘unlikely’ to meet 2030 offshore wind target without immediate action on port development, study says
Business Developments & Projects

NSEC countries ‘unlikely’ to meet 2030 offshore wind target without immediate action on port development, study says

A new report from the North Seas Energy Cooperation (NSEC) calls for “immediate action” on developing new port infrastructure and upgrading existing port facilities as the study behind the report found the joint offshore wind target of the nine NSEC countries for 2030 is unlikely to be met otherwise

about 2 years ago
Hy2gen and Amogy team up on ammonia-powered energy solutions
Business Developments & Projects

Hy2gen and Amogy team up on ammonia-powered energy solutions

Hy2gen Norge, a subsidiary of hydrogen company Hy2gen, and Amogy, an ammonia power solutions company, have signed a memorandum of understanding (MoU) to collaborate in the field of renewable ammonia in Norway. The agreement encompasses the pooling of resources to advance the use of renewable ammonia

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business Developments & Projects

Green light for Vår Energi to kick off drilling ops with Transocean rig

Vår Energi has received consent to use one of Transocean’s semi-submersible rigs on a field located in the Barents Sea.

about 2 years ago
DP World
Business Developments & Projects

DP World: Carbon emissions from UAE operations down by 50%

Dubai-based port operator DP World has managed to cut carbon emissions from its UAE operations by nearly 50% this year by accessing renewably produced power from the Dubai Electricity and Water Authority (DEWA).

about 2 years ago
KNCC LCO2 carrier with LCO2-EP containment system
Business Developments & Projects

KNCC says its LCO2-EP technology is proven and ready for commercialization

Knutsen NYK Carbon Carriers AS (KNCC), a joint venture established last year between Japanese shipping major NYK and Norway’s Knutsen Group to transport liquid CO2, revealed that its LCO2-EP technology to store and transport liquefied CO2 at ambient temperature tested and proved at the test-rig faci

about 2 years ago
Egyptian govt taps Jan De Nul for Egypt-to-Europe undersea export cable
Business Developments & Projects

Egyptian govt taps Jan De Nul for Egypt-Europe undersea export cable

Jan De Nul has signed an agreement with the Egyptian government, represented by the Egyptian Electricity Transmission Company (EETC), to start a study for the construction of an undersea export cable between Egypt and Europe. In late September, the Egyptian government reaffirmed its plans to build a

about 2 years ago
Darren Woods, ExxonMobil's CEO; Source: ExxonMobil
Business Developments & Projects

ExxonMobil CEO: World in need of plan to address climate change alongside energy needs

ExxonMobil is taking several steps to slash its GHG footprint and its CEO believes that oil and gas industry can help the world curb emissions.

about 2 years ago
Illustration/QED Naval’s SubHub platform with Tocardo tidal turbines (Courtesy of QED Naval)
Business Developments & Projects

Marine Energy Wales applauds price increase for offshore renewables in next CfD auction

Marine Energy Wales has welcomed the increase in administrative strike prices for offshore wind and tidal energy in the next UK government’s contracts for difference (CfD) allocation round.

about 2 years ago
Subsea7 to decommission subsea infrastructure related to 20-year-old FPSO
Business Developments & Projects

Subsea7 to decommission subsea infrastructure related to 20-year-old FPSO

Subsea 7 has secured what it says is a “sizeable” contract by Shell for the decommissioning of subsea infrastructure offshore Brazil. The contract will see Subsea 7 deliver the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupirá and Salema fields of the Campo

about 2 years ago
European ministers urged to streamline renewable hydrogen financing
Business Developments & Projects

European ministers urged to streamline renewable hydrogen financing

In a joint letter, CEOs from the Renewable Hydrogen Coalition (RHC) have urged European Ministers of Finance to streamline financing to renewable hydrogen and electrolyzer manufacturing capacity within Europe and allocate national budgets to the European Hydrogen Bank. According to the CEOs, the cri

about 2 years ago
Unity platform; Source: INEOS
Business Developments & Projects

Reliance on gas imports rising due to UK’s energy policy with ‘high North Sea taxes and disincentives’

Is the UK’s government’s energy policy is holding back the UK economy, as energy cost differences hit Britain’s businesses and consumers?

about 2 years ago
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