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Business & Finance

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Business Developments & ProjectsCollaborationOutlook & StrategyProject & TendersVesselsExploration & ProductionTransitionAuthorities & GovernmentCarbon Capture Usage & StorageEnvironmentInfrastructureInnovationRegulation & PolicyGreen MarineStorageEquipmentMarket OutlooksTechnologyRules & RegulationVisionResearch & Development
TES teams up with Japanese equity fund to scale e-NG production
Business & Finance

TES teams up with Japanese equity fund to scale e-NG production

Tree Energy Solutions (TES), a Belgium-based producer of electric natural gas derived from green hydrogen (e-NG), and Advantage Partners (AP), a Japanese private equity fund, are in discussions to explore potential investments in TES’ e-NG projects.

about 1 year ago
Van Oord’s hybrid cable layer debuts at RWE's 1.4 GW offshore wind farm
Business & Finance

Van Oord’s hybrid cable layer debuts at RWE’s 1.4 GW offshore wind farm

Van Oord’s new, next-generation cable-laying vessel (CLV) Calypso has begun installing cables at its first offshore wind project, marking its official debut. Calypso’s first project is RWE’s Sofia offshore wind farm, being constructed on Dogger Bank in the central North Sea, 195 kilometers from the

about 1 year ago
Outer Harbor project site in February 2024; Source: Venice Energy
Business & Finance

US firm bankrolls its Singapore arm’s entrance into Australian LNG market

Nebula Energy will foot the bill for its majority-owned AG&P LNG to spread its wings into the Australian liquefied natural gas (LNG) arena with the acquisition of Venice Energy, a developer of an import terminal project in South Australia, which is said to be the world’s first floating LNG (FLNG) im

about 1 year ago
'First-of-its-kind' open-access CO2 storage concept gets €225 million EU support
Business & Finance

‘First-of-its-kind’ open-access CO2 storage concept gets €225 million EU support

UK’s energy services provider Altera Infrastructure and oil and gas company Harbour Energy have secured up to €225 million in grant funding from the EU Innovation Fund for what is said to be the first-of-its-kind large-scale solution for CO2 sequestration using shared, flexible offshore infrastructu

about 1 year ago
Topside structure of an offshore plant manufactured by Dyna-Mac; Source: Hanwha Ocean
Business & Finance

As Singapore FPSO builder’s directors back its bid, South Korean shipbuilder closing in on takeover deal

The sweetened deal South Korea’s shipbuilder Hanwha Ocean made with an 11.67% rise in its final offer seems to have worked its magic, as the independent directors of Singapore-based offshore builder Dyna-Mac have recommended to shareholders to accept the cash offer.

about 1 year ago
Trafigura forms joint venture company with Spanish oil operator
Business & Finance

Trafigura forms joint venture company with Spanish oil operator

Global commodity trading group Trafigura and oil operator Meroil S.A. have created a joint venture company that includes storage infrastructure for biofuels within the port of Barcelona. Following Trafigura’s acquisition of 50% of the shares in Meroil Tank S.L. from Meroil for an undisclosed sum, Me

about 1 year ago
Ocean Onyx semi-submersible rig; Source: Noble
Business & Finance

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 1 year ago
Hydrogen, maritime projects among winners of €4.8 billion EU grant
Business & Finance

Hydrogen, maritime projects among winners of €4.8 billion EU grant

The European Commission has selected 85 net-zero projects, including those involving hydrogen and maritime, to receive €4.8 billion in grants from the Innovation Fund.

about 1 year ago
FSRU; Courtesy of Hanwha Ocean
Business & Finance

Japanese giant strikes deal for Singapore’s first FSRU

Mitsui O.S.K. Lines (MOL) has won a long-term time charter contract for a floating storage and regasification unit (FSRU), which will be built by South Korea’s Hanwha Ocean for deployment in Singapore.

about 1 year ago
Following Australian approval, Singapore's regulator blesses 'flagship' power link
Business & Finance

Singapore’s regulator blesses ‘flagship’ power link two months after Australian approval

Singapore’s electricity regulator the Energy Market Authority (EMA) has given conditional approval for a project that will harness and store renewable energy from Australia and transmit it to Singapore via a high-voltage direct current (HVDC) transmission system, two months after the Australian Gove

about 1 year ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business & Finance

US research program opens applications for 15th call for marine energy projects

The Testing Expertise and Access for Marine Energy Research (TEAMER) program, supported by the U.S. Department of Energy (DOE) and directed by the Pacific Ocean Energy Trust (POET), has opened its 15th request for technical support (RFTS). Through the latest call, TEAMER is offering marine energy te

about 1 year ago
Nel secures up to €135 million for industrialization of its electrolyzer technology
Business & Finance

Nel secures up to €135 million for industrialization of its electrolyzer technology

Nel Hydrogen Electrolyser has been awarded a grant from the EU Innovation Fund of up to €135 million for the industrialization of its next-generation pressurized alkaline technology.

about 1 year ago
PSV Skandi Feistein; Source: DOF
Business & Finance

DOF vessel finds more work with oil major in Australian waters

DOF Group has secured a new long-term assignment for one of its platform supply vessels (PSVs) off the coast of Australia, which enables the ship to remain in the country after wrapping up its five-year job with Esso Australia, an Australian affiliate of ExxonMobil.

about 1 year ago
US research vessel undergoes diesel engines upgrade
Business & Finance

US research vessel set for West Coast offshore wind projects after diesel engines upgrade

U.S.-headquartered TDI-Brooks is set to upgrade diesel engines on one of its research vessels to ensure compliance with the regulations of the California Air Resources Board (CARB). The 48-meter-long R/V Brooks McCall is a Jones Act-complaint multi-use vessel said to be suited for various comprehens

about 1 year ago
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