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Business Developments & Projects

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Petronas' President and Group CEO, Tan Sri Tengku Muhammad Taufik (right) and PetroVietnam President and CEO, Dr Le Manh Hung (left) at the memorandum of cooperation signing ceremony in Hanoi; Source:
Business Developments & Projects

Petronas and PetroVietnam pursuing oil & gas alongside decarbonization and clean energy

Petronas will pool resources with PetroVietnam to explore opportunities in the upstream, renewables, and downstream sectors in Vietnam.

about 2 years ago
China's largest submarine cable construction ship launches
Business Developments & Projects

China’s largest submarine cable construction ship launches

State Grid Corporation of China has launched what – with a cable-carrying capacity of 10,000 tons and a displacement of 24,000 tons – is said to be China’s largest submarine cable construction ship. Qifan-19, developed independently by State Grid Corporation of China for Guojiao No.1 Brand, was laun

about 2 years ago
Depsea Yantai rig; Source: Neptune Energy
Business Developments & Projects

Neptune gearing up to spud North Sea wildcat with Odfjell Drilling-managed rig

Neptune Energy has secured a drilling permit from the Norwegian authorities for an exploration well in the North Sea off Norway.

about 2 years ago
SD Grace; Source: Kotug
Business Developments & Projects

Three more Kotug vessels come to Guyana for work with ExxonMobil

Kotug has welcomed the arrival of three additional vessels in Guyana, which will support ExxonMobil’s offshore operations.

about 2 years ago
CMES
Business Developments & Projects

CMES exercises options for 4 methanol-fueled car carriers, orders 4 bulkers

Shipping company China Merchants Energy Shipping (CMES), part of China Merchants Group, has ordered a total of eight new vessels from China Merchants Industry.

about 2 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Business Developments & Projects

ExxonMobil flows oil from third project offshore Guyana as FPSO comes online ahead of schedule

ExxonMobil has started production from its third oil development at the Stabroek block offshore Guyana, boosting total production capacity in the country to approximately 620,000 barrels per day.

about 2 years ago
Damen Shipyards introduces the new Fast Crew Supplier 3210 Hybrid
Business Developments & Projects

Damen Shipyards introduces the new Fast Crew Supplier 3210 Hybrid

Damen Shipyards is introducing a new addition to its popular Fast Crew Supplier (FCS) crew transfer vessel range. The FCS 3210 Hybrid has been designed to transport technicians to the new generation of wind farms that are being built further offshore than ever before. The new vessel is based on Dame

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

TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation

TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28.

about 2 years ago
Gasunie to use green method of financing for energy transition projects
Business Developments & Projects

Gasunie to use green method of financing for energy transition projects

Dutch energy company Gasunie has issued its first green bond, a loan for €300 million with a maturity of 9.5 years, intending to use the proceeds to finance part of its energy transition projects, such as the construction of the national hydrogen grid in the Netherlands. Gasunie revealed the company

about 2 years ago
Fugro updates 2027 strategy, plans to expand into CCUS
Business Developments & Projects

Fugro updates 2027 strategy, plans expansion into CCUS

Fugro is planning to expand into the carbon capture utilization and storage (CCUS) segment as part of its strategy towards 2027. Fugro has updated its strategic agenda with three priorities, including growing and transforming current business, expanding into developing segments, and increasing recur

about 2 years ago
Nova Innovation's floating solar units (Courtesy of Nova Innovation)
Business Developments & Projects

Nova Innovation installs floating solar demonstrator in the Port of Leith

Scottish marine energy company Nova Innovation has installed a marine floating solar demonstrator to power Forth Ports’ headquarters in the Port of Leith.

about 2 years ago
EU should support entire chains, not just individual projects, in its drive toward climate neutrality
Business Developments & Projects

EU should support entire chains, not just individual projects, in its drive toward climate neutrality

The European Union should support entire chains such as in the port industry and logistics instead of individual projects in order to drive carbon neutrality.

about 2 years ago
OW Ocean Winds export cables Nexans
Business Developments & Projects

Nexans kicks off Moray West export cable pull-in work

Nexans has started the pull-in of the first of two export cables at the 882 MW Moray West offshore wind farm off the coast of Scotland. The offshore export cables were manufactured by Nexans at its factory in Halden under a contract signed with Ocean Winds in 2021. The Nexans Skaggerak and the Nexan

about 2 years ago
INPEX taps GR Engineering unit for Ichthys LNG operation and maintenance services
Business Developments & Projects

INPEX taps GR Engineering unit for Ichthys LNG operation and maintenance services

GR Production Services, a wholly-owned subsidiary of GR Engineering Services, has secured a contract with INPEX Operations Australia to provide operations and maintenance support services to the Ichthys LNG upstream and downstream facilities. The three-year contract has an estimated value of $28 mil

about 2 years ago
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