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Business Developments & Projects

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Yara Kara, Image by Yara International
Business Developments & Projects

Yara to invest in blue ammonia capacity in U.S.

As part of its journey to decarbonize agriculture and serve clean ammonia segments, Norwegian fertilizer company Yara has announced it will boost its clean ammonia operations by investing in blue ammonia capacity in the U.S. Yara noted its ambition is to be the leading distributor across green, blue

about 3 years ago
T&T unites with Korean companies for LNG and hydrogen projects in Vietnam
Business Developments & Projects

T&T unites with Korean companies for LNG and hydrogen projects in Vietnam

Vietnam’s T&T Group and Korean companies Korea Gas Corporation (KOGAS) and SK Group have signed and awarded a Memorandum of Understanding (MoU) to cooperate on developing LNG and hydrogen projects in Vietnam. Specifically, T&T Group said that, together with KOGAS, it will work on developing LNG gas

about 3 years ago
West Tucana jack-up rig; Source: Seadrill
Business Developments & Projects

Seadrill mulls over divestment of three jack-ups along with stake in Gulfdrill

Seadrill is contemplating the sale of three jack-up rigs, which are working in Qatar, along with its interest in Gulfdrill LLC.

about 3 years ago
Cheniere seals long-term LNG deal with ENN
Business Developments & Projects

Cheniere seals long-term LNG deal with ENN

Cheniere Energy, through its subsidiary Cheniere Marketing, has signed a long-term LNG sale and purchase agreement (SPA) with ENN LNG, a subsidiary of ENN Natural Gas. The agreement will see ENN purchase approximately 1.8 million tonnes per annum (mtpa) of LNG from Cheniere Marketing on a free-on-bo

about 3 years ago
Lloyd’s Register and Global OTEC teams (Courtesy of Global OTEC)
Business Developments & Projects

Global OTEC gets Lloyd’s Register’s blessing for part of its floating OTEC system

UK-based company Global OTEC has secured an approval in principle from Lloyd’s Register for a barge that will support its floating ocean thermal energy conversion (OTEC) system.

about 3 years ago
ADNOC Drilling
Business Developments & Projects

With five jack-up rigs booked for work, ADNOC Drilling collects $2 billion

UAE’s ADNOC Drilling has secured long-term contracts for five jack-up rigs, totalling approximately $2 billion.

about 3 years ago
Deep Vision subsea IMR and survey vessel; Source: DeepOcean
Business Developments & Projects

DeepOcean tucks ‘significant milestone’ under its belt with production boost at North Sea field

DeepOcean has carried out inspection, repair and maintenance (IRM) of a field in the Danish sector of the North Sea.

about 3 years ago
Shelf Drilling’s Shelf Perseverance (former Noble Hans Deul) jack-up rig; Source: Noble Corporation
Business Developments & Projects

UK firm hits pause on North Sea drilling ops amidst buffeting winds of gas market volatility

IOG has decided to put on hold the previously planned drilling activities in the North Sea, which were expected to be undertaken with Shelf Drilling’s rig.

about 3 years ago
Norden
Business Developments & Projects

Danish regulator gives green light to Norden’s acquisition of Thorco Projects

Danish shipping company Norden has completed the acquisition of Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. The acquisition was announced last month as Norden is planning to gain access to new customer segments within the general car

about 3 years ago
EDF’s 20MWp floating solar plant in France (Courtesy of EDF/Photo by Rémi Flament)
Business Developments & Projects

EDF opens 20MWp floating solar power plant in France

The EDF Group has opened the Lazer floating solar power plant, the first facility of its type to be constructed in France by subsidiary EDF Renewables, and the first to combine solar and hydroelectric power generation at a single site.

about 3 years ago
Gordon McIntosh, QED Naval's new chairman (Courtesy of QED Naval)
Business Developments & Projects

QED Naval names new chairman

Scottish marine energy company QED Naval has appointed Gordon McIntosh as its new chairman.

about 3 years ago
Ramform Sovereign seismic vessel; Source: PGS
Business Developments & Projects

More work for PGS, TGS and SLB to glean insight into oil & gas accumulations off Malaysia

The JV has inked a MultiClient reprocessing agreement to expand MultiClient 3D coverage in the prospective Sarawak province off Malaysia.

about 3 years ago
NFE and Ocean Point start LNG ship-to-ship transfer ops in St. Croix
Business Developments & Projects

NFE and Ocean Point start LNG ship-to-ship transfer ops in St. Croix

US energy infrastructure company New Fortress Energy (NFE) and energy logistics hub Ocean Point Terminals have welcomed the first LNG carrier at Ocean Point’s dock facilities in St. Croix, marking the commencement of LNG ship-to-ship transfer operations. Ocean Point Terminals and NFE announced the l

about 3 years ago
Hengli Heavy Industries
Business Developments & Projects

Hengli Heavy Industries wins deal for 4+4 bulkers

Hengli Shipbuilding (Dalian) Co., Ltd., a subsidiary of Hengli Heavy Industry, has signed a contract for the construction of four 82,000 dwt bulk carriers and four 180,000 dwt bulk carriers, marking the shipbuilding company’s entrance into the large-scale bulk carrier construction market. The shipbu

about 3 years ago
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