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Deepsea Yantai rig; Credit: Odfjell Drilling
Business Developments & Projects

ConocoPhillips hires Odfjell Drilling-managed rig for more work off Norway

ConocoPhillips has picked one of the Odfjell Drilling-managed rigs for drilling activities on the Norwegian Continental Shelf (NCS).

about 3 years ago
Helix Energy Solutions appointed for full-field decommissioning in Gulf of Mexico
Business Developments & Projects

Helix Energy Solutions appointed for full-field decommissioning in Gulf of Mexico

Helix Alliance, the Louisiana-based subsidiary of Helix Energy Solutions, has secured a full-field decommissioning contract in the U.S. Gulf of Mexico shelf. As part of the project set to begin in mid-2023, Helix’s scope of work includes the plug and abandonment of 39 wells, 15 pipelines and seven s

about 3 years ago
Fourth dual-fuel VLGC joins Avance Gas’ fleet
Business Developments & Projects

Fourth dual-fuel VLGC joins Avance Gas’ fleet

Norwegian shipping company Avance Gas has welcomed the fourth dual-fuel very large gas carrier (VLGC) to its fleet. The company took delivery of the 91,000 cbm carrier, Avance Avior, on 30 May from South Korean shipbuilder Hanwha Ocean, which recently rebranded from Daewoo Shipbuilding & Marine Engi

about 3 years ago
Grimaldi
Business Developments & Projects

Grimaldi returns to China for two more ammonia-ready car carriers

Italian shipping major Grimaldi Group has placed an order for two more ammonia-ready Pure Car & Truck Carrier (PCTC) vessels, lifting the options from the previous contract signed with China State Shipbuilding Corporation Limited (CSSC) back in January. Under the contract from earlier this year, Gri

about 3 years ago
Stena Evolution drillship; Source: Stena Drilling
Business Developments & Projects

Shell takes Stena Drilling’s newest drillship for work in Gulf of Mexico

Stena Drilling has secured a new drilling contract with Shell’s subsidiary – Shell Offshore – for operations in the U.S. Gulf of Mexico.

about 3 years ago
Plug Power plans three green hydrogen production plants in Finland
Business Developments & Projects

Plug Power plans three green hydrogen production plants in Finland

Plug Power Inc., a provider of turnkey hydrogen solutions for the global green hydrogen economy, has revealed plans to develop three green hydrogen production plants in Finland, resulting in the production of 850 tonnes per day (TPD) of green hydrogen, or 2.2 gigawatts (GW) of electrolyser capacity,

about 3 years ago
Estonian company to deliver subsea structures for North Sea oil & gas development
Business Developments & Projects

Estonian company to deliver subsea structures for North Sea oil & gas development

Norwegian oilfield services provider Aker Solutions has appointed an Estonia-based company to deliver subsea templates for an oil and gas field development in the North Sea. Marketex Offshore Constructions (MOC), a subsidiary of BLRT Grupp, has signed a contract with Aker Solutions under which it is

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business Developments & Projects

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago
Illustration (Courtesy of NKT)
Business Developments & Projects

NKT secures cable agreement for major wind farms offshore Sweden

OX2 and Ingka Investments have entered into a conditional agreement with NKT for the delivery and installation of export power cables for two wind farm projects offshore Sweden. Under the agreement, NKT’s facility in Karlskrona, Sweden, will deliver the cables for the recently awarded Galene project

about 3 years ago
Marubeni unites with Pembina for development of ammonia supply chain
Business Developments & Projects

Marubeni unites with Pembina for development of ammonia supply chain

Japan’s Marubeni Corporation has signed a Memorandum of Agreement (MoA) with Canada’s Pembina Pipeline Corporation to co-develop a low-carbon ammonia supply chain from Western Canada to Japan and other Asian markets. The project includes the joint development, on a 50/50 basis, of a global-scale, lo

about 3 years ago
Hutchinson Ports
Business Developments & Projects

Hutchison Ports commits to net-zero emissions by 2035 across three UK ports

Global port developer and operator Hutchison Ports has set a target of 2035 for its three UK ports to achieve Net-Zero for Scope 1 and Scope 2 emissions. The three ports are the Port of Felixstowe, Harwich International, and London Thamesport. The ports group aims to reach net zero globally by 2050.

about 3 years ago
UK-made subsea robots 'significantly outperform' expectations, step closer to commercialization
Business Developments & Projects

UK-made subsea robots ‘significantly outperform’ expectations, step closer to commercialization

UK-Based Blue Ocean Seismic Services has completed a set of trials of its autonomous subsea survey vehicles said to represent a big step towards commercialization. With this latest series of trials, Blue Ocean Seismic Services said it had confirmed that its autonomous undersea robots can reliably op

about 3 years ago
ONE joins GSBN to advance digitalisation in shipping
Business Developments & Projects

ONE joins GSBN to advance digitalisation in shipping

Singapore-based shipping company Ocean Network Express (ONE) has joined Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system.

about 3 years ago
FPSO Bacalhau; Source: Dalian Shipbuilding
Business Developments & Projects

Chinese shipbuilder delivers MODEC’s new giant FPSO destined for Brazilian waters

Dalian Shipbuilding has delivered a floating production storage and offloading (FPSO) vessel bound for an Equinor-operated field off Brazil.

about 3 years ago
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