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Business Developments & Projects

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C40 Cities
Business Developments & Projects

CRI and Jilin Huajin Energy to collaborate on green methanol project in China

Iceland’s Carbon Recycling International (CRI) has signed a strategic cooperation agreement with China’s Jilin Huajin Energy for the Yushu green methanol project located near Changchun City in Jilin Province, Northeast China.

about 1 year ago
Prysmian, Sembcorp and SACE collaborating on potential energy transition projects in Southeast Asia
Business Developments & Projects

Prysmian, Sembcorp and SACE ink energy transition deal for Southeast Asia

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Italian cabling company Prysmian Group has signed a Memorandum of Understanding (MoU) with Singapore’s state-owned energy giant Sembcorp Industries and Italy’s export credit agency and insurance and finance group SACE, controlled directly by the Ministry of the Economy and Finance, to explore opport

about 1 year ago
Mariner platform; Credit: Jamie Baikie/Equinor
Business Developments & Projects

Equinor renews Wood’s contract for UK oilfield support services

UK engineering and consulting company Wood has secured a contract extension to provide operations, maintenance, modifications, and support services (OMMS) on the assets located on the UK Continental Shelf (UKCS) operated by the Norwegian state-owned energy giant Equinor.

about 1 year ago
New financial chief to take the lead at Minesto
Business Developments & Projects

New financial chief to take the lead at Minesto

Swedish ocean energy developer Minesto has appointed a new chief financial officer (CFO) who will take over the role as of October. According to Minesto, Alexander Jancke has a strong background in finance with experience spanning nearly ten years as a certified auditor and financial adviser at KPMG

about 1 year ago
German and Korean institutes expand cooperation in hydrogen safety
Business Developments & Projects

German and Korean institutes expand cooperation in hydrogen safety

German Federal Institute for Materials Research and Testing (BAM) and the Korea Institute of Civil Engineering and Building Technology (KICT) have signed a memorandum of understanding (MoU) to expand their cooperation in the field of hydrogen safety.

about 1 year ago
JMU completes delivery of new future-fit 159,097 dwt Suezmax tanker
Business Developments & Projects

JMU completes delivery of new future-fit 159,097 dwt Suezmax tanker

Yokohama-based shipbuilding company Japan Marine United Corporation (JMU) recently handed over an environmentally friendly 159,097 dwt Suezmax tanker to its owner. According to JMU, the tanker—christened Advantage Smart—was delivered on August 29 at the company’s Ariake Shipyard in Kumamoto prefectu

about 1 year ago
Illustration; Source: United Oil & Gas
Business Developments & Projects

License award paving the way for work to unlock Jamaican asset’s hydrocarbon potential

Ireland-headquartered and AIM-listed United Oil & Gas has secured a license off the coast of Jamaica, which is set to lend a helping hand in unleashing the hydrocarbon potential of the firm’s offshore asset.

about 1 year ago
ABL Group names new CEO as co-founder transitions to another role
Business Developments & Projects

ABL Group names new CEO as co-founder transitions to another role

Energy and marine consultancy ABL Group has made changes to its executive management team with the appointment of a new chief executive officer (CEO), succeeding the company’s co-founder in the role. The new CEO, Hege Marie Norheim,. brings experience in oil & gas and renewables from roles of Senior

about 1 year ago
FSO Yamoussoukro
Business Developments & Projects

Carlyle buying Altera’s FPSO business

UK-based Altera Infrastructure (Altera) intends to sell its entire floating production storage and offloading (FPSO) business to global investment firm Carlyle.

about 1 year ago
Yara
Business Developments & Projects

Hydrogen associations team up to drive uptake of hydrogen value chains

Hydrogen Europe Research (HER) and the Clean Hydrogen Mission (CHM) have signed a memorandum of understanding (MoU) in Busan, South Korea, intending to speed up the development and uptake of integrated clean hydrogen value chains across developed and developing regions.

about 1 year ago
Sea1 Offshore's vessel joins Boskalis' fleet following sale
Business Developments & Projects

Sea1 Offshore’s vessel joins Boskalis’ fleet following sale

The Netherlands-headquartered Boskalis has added a new construction support vessel (CSV) to its fleet, following the purchase from Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore. The 120-meter-long Spearfish CSV is equipped with a heave-compensated deck crane capable of lif

about 1 year ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business Developments & Projects

Transocean eyes divestment of five stacked rigs

Transocean has unveiled plans to optimize its fleet by bidding goodbye to four drillships and one semi-submersible rig that are currently stacked, which will reduce the size of its rig fleet.

about 1 year ago
Yara
Business Developments & Projects

Yara Clean Ammonia puts pen to paper for long-term charter of dual-fuel gas carrier pair

Yara Clean Ammonia (YCA), an arm of Norway-based fertilizer company Yara International, has inked a long-term shipping contract with compatriot Navigator Amon Shipping, securing access to two 51,000 cbm dual-fuel gas carriers. As disclosed, YCA and Navigator Amon Shipping, a joint venture (JV) betwe

about 1 year ago
Johan Sverdrup field in the North Sea; Source: Arne Reidar Mortensen/Equinor
Business Developments & Projects

Orlen tapping into lower-carbon oil from major Norwegian field

Poland’s Orlen has signed a contract with Norwegian state-owned energy giant Equinor for the supply of crude oil from a field on the Norwegian Continental Shelf.

about 1 year ago