10000 results found for 'progress'

10000 results found for 'progress'
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  • 28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back

    4 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of Norway.

  • Scotland’s clean energy zest grows as it signs off on new subsea cable link and Banniskirk Hub

    28 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Transition

    Scottish transmission system operator (TSO) SSEN Transmission has collected all permissions needed for a high voltage direct current (HVDC) subsea cable link between Sinclair’s Bay in Caithness and Rattray Head near Peterhead, thanks to a marine license for the subsea electricity transmission project and a planning consent for a clean energy project that will see the construction of a new 400 kV substation and HVDC converter station in the Spittal area.

  • AYK Energy batteries picked for ‘world’s first’ all-electric intercontinental ferries

    9 October 2025
    Infrastructure, Vessels

    Andorra-based marine battery manufacturer AYK Energy has won a contract to power “the world’s first” fully electric intercontinental fast ferries between Europe and Africa.

  • Former SBM Offshore CEO joins Yinson Production board

    9 October 2025
    Business & Finance, Business Developments & Projects, Human Capital

    Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has appointed a former Chief Executive Officer (CEO) of the Netherlands-headquartered SBM Offshore to its board of directors to reinforce its growth strategy.

  • CorPower Ocean takes leading role at Ocean Energy Europe

    9 October 2025
    Authorities & Government, Collaboration, Human Capital, Outlook & Strategy, Regulation & Policy

    Wave energy developer CorPower Ocean has stepped up its support for Ocean Energy Europe (OEE), a network of ocean energy professionals, taking on the role of Lead Partner, according to OEE. CEO of CorPower Ocean Patrik Moller will continue to represent the company on the OEE Board of Directors, where he currently serves as an elected […]

  • Noble’s backlog climbs to $7.5 billion

    12 February 2026
    Business & Finance, Business Developments & Projects

    Noble Corporation, a U.S.-headquartered offshore drilling giant, has landed a batch of new contracts and extensions off the coasts of Guyana, Norway, Nigeria, Trinidad, South America, and the U.S. Gulf, which have enabled the firm to augment its backlog.

  • With $8.6 billion for next chapter, US LNG project has $20.7B financing in the bag

    16 March 2026
    Business & Finance, Business Developments & Projects, Exploration & Production

    Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has unveiled a final investment decision (FID) and closing of a multibillion-dollar project financing for the second phase of its third project in Louisiana, United States.

  • $10 billion US LNG project comes online in Texas: One train down, two more left on McDermott and Chiyoda’s list

    1 April 2026
    Business & Finance, Business Developments & Projects, Exploration & Production

    The main engineering, procurement, and construction (EPC) contractors for a liquefied natural gas (LNG) project in the United States, U.S.-headquartered McDermott (MDR) and Chiyoda International Corporation (CIC), have finished work on the first train and have two more on their agenda for this LNG export terminal under construction in Sabine Pass, Texas.  

  • 15 years in the making: Falkland Islands’ Sea Lion ready to move forward to first oil

    10 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    A final investment decision (FID) has been taken for a giant oil project in the North Falkland Basin (NFB), where $1.8 billion will be needed to foot the bill to first oil and $2.1 billion to project completion. This FID comes 15 years after the original oil discovery was made.

  • Rock solid challenges: How jack-ups are adapting to tougher seabeds

    21 November 2025
    Business Developments & Projects, Vessels

    As offshore wind expands into new frontiers, jack-up vessels face increasingly difficult working environments. Beyond the sandy soils of the North Sea, projects are now being built on dense tills, coral limestone, and even exposed bedrock. These hard seabeds are testing the limits of conventional jack-up design and installation practices — and calling for new […]

  • ITM Power to deliver FEED for UK hydrogen project using its 5 MW electrolyzer solution

    6 October 2025
    Business Developments & Projects, Project & Tenders, Research & Development, Technology

    ITM Power has signed a front-end engineering design (FEED) contract for a project which has been shortlisted in the UK’s Hydrogen Allocation Round 2 (HAR2).

  • MODEC: Pieces of Shell’s Brazil-bound FPSO puzzle continue to slide into place

    6 October 2025
    Business & Finance, Business Developments & Projects

    Japan’s MODEC is making headway in the construction of a floating production, storage, and offloading (FPSO) unit destined for a field offshore Brazil, operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell.

  • Port of San Diego reports progress on Maritime Clean Air Strategy

    11 September 2025
    Business & Finance, Business Developments & Projects, Environment, Equipment, Infrastructure, Outlook & Strategy, Ports & Logistics, Project & Tenders, Research & Development, Technology, Transition

    The Port of San Diego, the U.S., has implemented and is making progress on 80% of the objectives outlined in its Maritime Clean Air Strategy (MCAS), according to the latest MCAS highlights report.

  • UK firm set on quadrupling gas and hydrogen energy storage capacity with new license push

    20 October 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy

    With energy storage capacity growth in mind, EnergyPathways, the England-based energy transition-focused player, is moving forward with its expansion aspirations by pursuing new storage license applications for its proposed large-scale offshore wind-powered energy storage project in the East Irish Sea.

  • IMO delays adoption of shipping carbon tax in ‘might is right’ show

    20 October 2025
    Authorities & Government, Regulation & Policy, Rules & Regulation

    Governments at the International Maritime Organization (IMO) agreed to delay the planned adoption of the Net-Zero Framework (NZF) for one year in a vote at the Extraordinary Session of the Marine Environment Protection Committee (MEPC E.2) in London on October 17.

  • Safety overhaul underway at Equinor’s Barents Sea LNG plant after incident probe

    6 October 2025
    Business Developments & Projects, Safety

    Following an internal investigation of an accident at its liquefied natural gas (LNG) facility, Norway’s state-owned energy giant Equinor has introduced measures to prevent similar incidents from happening in the future.

  • Europe urged to step-up its renewable hydrogen game

    8 December 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Regulation & Policy, Rules & Regulation, Technology, Transition

    The Renewable Hydrogen Coalition (RHC), as the voice of the value chain, encompassing renewable energy suppliers, start-ups, investors, and industrial offtakers dedicated to making Europe the global leader in renewable hydrogen solutions, has called on the European decision-making realms and leaders to scale up incentives, funding opportunities, and market fundamentals for clean technology, especially the landscape surrounding hydrogen made from renewable sources.  

  • SBM Offshore interview: Advancing future-ready FPSOs through standardization, robotics, AI and lower‑carbon solutions

    20 March 2026
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Transition

    While diving into the evolution journey of its offshore operations model and the implementation of its Fast4ward program, the Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has shed light on the key growth drivers it is employing to pave the way for its floating production, storage, and offloading (FPSO) units to be ready to operate in a rapidly evolving energy landscape.

  • Allseas and DOF win contracts for pipeline renewal in Singapore

    2 October 2025
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders

    Singapore-headquartered Aster, a provider of energy, chemical, and infrastructure solutions in Southeast Asia, has awarded contracts to Allseas and DOF Group, as well as other partners, for engineering and rejuvenation of direct tanker-to-refinery crude oil transfer infrastructure. Aster is investing $125 million to rejuvenate its single buoy mooring (SBM) and SBM pipeline infrastructure, an offshore […]

  • Maersk launches efficiency program across time-chartered fleet to reduce emissions

    2 October 2025
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Danish logistics giant A.P. Moller – Maersk has launched an efficiency program for its time-chartered fleet, targeting the retrofit of approximately 200 vessels, with the aim of improving fuel efficiency and reducing greenhouse gas (GHG) emissions.

  • HAMR Energy enters biomass supply deal for renewable fuels production

    24 September 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Australian chemicals company HAMR Energy has teamed up with compatriot forestry and sawmill business OneFortyOne for the supply of sustainable biomass for renewable methanol production in “a significant step forward” in the development of its flagship Portland Renewable Fuels Project (PRF Project).

  • Anemoi completes rotor sail installation on 325,000 dwt U-Ming VLOC

    1 October 2025
    Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Taiwanese shipping company U-Ming Marine Transport Corporation (U-Ming) and the UK-based wind propulsion technology provider Anemoi Marine Technologies have completed the rotor sail installation on U-Ming’s Grand Pioneer, a 325,000 dwt very large ore carrier (VLOC).

  • Everllence, ABB, OceanWings join forces to engineer novel, optimized propulsion concepts

    1 October 2025
    Business Developments & Projects, Collaboration, Innovation, Technology, Vessels

    Germany-based engine maker Everllence (formerly known as MAN ES Solutions), Swiss technology company ABB and French designer and manufacturer OceanWings have shaken hands on a joint project that will aim to develop optimized and sustainable propulsion concepts. As disclosed, the three partners signed a memorandum of understanding (MoU) at a recent maritime event in Italy […]

  • Exclusive interview with Noble: Tight rig demand on 2026 horizon – Golden Triangle and US Gulf as core growth regions

    2 February 2026
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    With contracting opportunities still on the uptick in spite of potential softer energy prices, Noble Corporation, a U.S.-headquartered offshore drilling giant, has pinpointed the Golden Triangle, the U.S. Gulf, South America, and West Africa as the key regions that will drive its floater demand growth. As Suriname and Colombia remain in the lead for frontier activity areas, the Asia Pacific opportunities in Brunei and Australia are anticipated to add diversification.

  • MODEC tasked with full scope of Guyana-bound FPSO for ExxonMobil’s $6.8B oil project

    30 September 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Following a final investment decision (FID) for its seventh offshore oil development in the Stabroek block, ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, has put Japan’s MODEC in charge of the full engineering, procurement, construction, and installation (EPCI) work for a floating production, storage, and offloading (FPSO) vessel destined to be deployed at its project off the coast of Guyana.