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Business & Finance

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Business Developments & ProjectsOutlook & StrategyProject & TendersVesselsAuthorities & GovernmentCollaborationTechnologyVisionExploration & ProductionGreen MarineInfrastructureRegulation & Policy
US clean fuel producer secures $50 million investment from Hy24
Business & Finance

US clean fuel producer secures $50 million investment from Hy24

Clean fuels producer and developer StormFisher Hydrogen has secured a $50 million commitment from Hy24’s Clean Hydrogen Infrastructure Fund, a low-carbon hydrogen asset manager, to boost its clean fuel production projects in North America.

about 1 year ago
Courtesy of Hilong Group
Business & Finance

Chinese firm scores offshore multimillion-dollar job for Eni’s LNG project

Eni has hired China’s Hilong Group’s Hilong Offshore Engineering to handle the second phase of the offshore transportation and installation works for its liquefied natural gas (LNG) project off the coast of Congo, Africa.

about 1 year ago
Kystdesign
Business & Finance

ROV solutions for vessel duo mark ‘largest’ deal in Norwegian firm’s history

A big new order for comprehensive remotely operated underwater vehicles (ROV) solutions has landed on the Norway-based Kystdesign’s table.

about 1 year ago
GUH CEO Neil Gordon
Business & Finance

New taskforce enters subsea scene to enhance cable performance for offshore wind

Global Underwater Hub (GUH) has launched a new initiative to tackle subsea cable reliability, a critical factor in offshore wind development, as the UK pushes to meet its clean energy targets. The industry body, representing the UK’s £9.2 billion (around $11,3 billion) underwater sector, has publish

about 1 year ago
SSV Catarina rig; Source: Ventura Offshore
Business & Finance

Brazil’s offshore drilling firm reaches rig acquisition settlement

Ventura Offshore has struck a deal with Umas 1 as the seller of a semi-submersible rig the firm decided to acquire last year. This enables the Brazilian player to make a lump sum payment as a final settlement.

about 1 year ago
FPSO Jotun; Source: Vår Energi
Business & Finance

Four giant oil & gas projects line up for start-up in 2025 offshore Norway with more on the cards

Vår Energi has confirmed that four major projects are expected to be put into operation this year, enabling the firm’s production to exceed 400,000 barrels of oil equivalent per day (kboepd).

about 1 year ago
Leviathan; Source: NewMed Energy
Business & Finance

Gas expansion on Chevron’s Mediterranean agenda with subsea pipeline works due by year-end

After hitting the brakes on the planned activities at a giant natural gas field expansion project off the coast of Israel as a result of the Israel-Gaza war in the Middle East, Chevron Mediterranean, a subsidiary of the U.S.-headquartered Chevron, has penciled in the end of the works on a third subs

about 1 year ago
SwitcH2 nearing final design of floating ammonia project with new investor onboard
Business & Finance

SwitcH2 nearing final design of floating ammonia project with new investor onboard

Renewable energy company SwitcH2 has welcomed a new shareholder on track to finalize the design of its 300 MW offshore floating ammonia project.

about 1 year ago
Medway Hub CCS project; Source: Synergia Energy
Business & Finance

UK firm on the lookout for new partner in North Sea CCS project

As Harbour Energy plans to head for the exit, the AIM-listed Synergia Energy is going on the hunt for another partner that will join its carbon capture and storage (CCS) project in the UK sector of the North Sea.

about 1 year ago
Transocean Enabler rig at sea
Business & Finance

Transocean rig gearing up to spud Barents Sea wildcat in April

Equinor has secured a drilling permit with Norway’s authorities to drill an exploration well in the Barents Sea with one of Transocean’s semi-submersible rigs.

about 1 year ago
MPC
Business & Finance

MPC Capital presses forward with energy transition ambitions via new acquisition

Hamburg-based asset and investment manager MPC Capital has acquired a 50% stake in the compatriot performance management firm BestShip from Norway’s maritime group Wilhelmsen, a move expected to help the company ‘reinforce’ its position in energy transition-related activities. As disclosed, BestShip

about 1 year ago
Mumbai High oil field; Source: ONGC
Business & Finance

BP tackling production decline at ‘largest and most prolific’ oil field offshore India

BP has been hired by Oil and Natural Gas Limited (ONGC) to handle the decline in hydrocarbon production levels at a giant oil field in the country’s waters.

about 1 year ago
FLNG Tango; Source: Exmar
Business & Finance

Eni rebuts Exmar’s FLNG bonus entitlement claim

Eni has refuted the conclusions drawn by Exmar, concerning the latter’s bonus expectations based on the production data for a floating liquefied natural gas (FLNG) unit the firm sold to the Italian player.

about 1 year ago
Singapore’s Strategic Marine to build survey vessel for Australian firm
Business & Finance

Singapore’s Strategic Marine to build survey vessel for Australian firm

Singapore-based shipbuilder Strategic Marine has signed a contract with Odyssey Group under which it will construct a new multi-purpose survey vessel for the Australian maritime logistics provider. Strategic Marine said that the vessel would be tailored to meet Odyssey Group’s specific operational n

about 1 year ago
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