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Business Developments & Projects

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Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Equinor cleared to kick off drilling ops with Transocean’s rig next month

Norwegian state-owned energy giant Equinor has obtained a drilling permit for an exploration well in the Norwegian Sea, which will be drilled using a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 1 year ago
Rendering of FPU Sakarya
Business Developments & Projects

Wison-designed FPU picked for next stage of TPAO’s huge Black Sea field

Wison New Energies has signed the engineering, procurement, construction, installation, and commissioning (EPCIC) contract with Türkiye Petrolleri A.O. (TPAO) for the floating production unit (FPU) to be deployed at a project in the Black Sea.

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about 1 year ago
Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?
Business Developments & Projects

Is combo with floating wind and hydrogen road to commercial-scale wave energy in Wales?

A new project has been launched in Wales to explore combining floating wind turbines, equipped with electrolyzers that produce green hydrogen, and wave energy devices to drive wave energy deployment off the coast of Pembrokeshire and lower its cost by sharing infrastructure. The Milford Haven: Hydro

about 1 year ago
Siemens Energy, Techint to design electrolysis plant for low-carbon methanol project in Mexico
Business Developments & Projects

Siemens Energy, Techint to design electrolysis plant for low-carbon methanol project in Mexico

Siemens Energy and Techint E&C have been selected to carry out FEED for a 210 MW electrolysis plant that will form part of the low-carbon methanol project, Pacifico Mexinol, located in Sinaloa, Mexico.

about 1 year ago
Axpo
Business Developments & Projects

Digitalization at work: Axpo targets ‘streamlined’ LNG deliveries in the Mediterranean

Switzerland-based renewable energy producer Axpo has joined the FuelBoss platform, a fully digitalized end-to-end bunkering solution created by Ofiniti, a spinoff of Norway’s classification society DNV, which aims to boost process integrity, data transparency and operational efficiency. According to

about 1 year ago
Wallenius Marine
Business Developments & Projects

ABB, Wallenius Marine establish joint venture for sustainable fleet support

Swedish-Swiss technology company ABB and Sweden’s ship design and ship management company Wallenius Marine have founded a joint venture (JV) that would seek to offer “innovative” fleet support services aimed at more sustainable and ‘cost-effective’ operations. According to Wallenius Marine, the join

about 1 year ago
COSL Prospector rig; Source: Canarship
Business Developments & Projects

Equinor hits a dry patch in Barents Sea prospect

Norwegian state-owned oil and gas giant Equinor has found no commercial hydrocarbons in an exploration well in the Barents Sea, which was drilled with COSL Drilling Europe’s semi-submersible rig off the coast of Norway.

about 1 year ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Equinor finds hydrocarbons at Norwegian Sea wildcat with Transocean rig

Norwegian state-owned energy giant Equinor has proven petroleum in a wildcat well offshore Norway using a rig from the fleet of Switzerland-based offshore drilling contractor Transocean.

about 1 year ago
Illustration; Credit: Morten Berentsen/NOD
Business Developments & Projects

Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production

As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the upcoming years.

about 1 year ago
FSRU LNG Croatia
Business Developments & Projects

Croatia’s FSRU heads to Türkiye for regasification capacity upgrade

The floating storage regasification unit (FSRU) serving Croatia’s liquefied natural gas (LNG) terminal at the island of Krk has left for Türkiye, where its capacity is set to get a boost thanks to the installation of an additional component.

about 1 year ago
DOF’s CSV to begin operating in Asia Pacific in January 2026
Business Developments & Projects

DOF’s CSV to begin operating in Asia Pacific in January 2026

Norwegian vessel owner DOF Group has secured a long-term commitment in the Asia Pacific region (APAC) for a construction support vessel (CSV) designed for subsea construction, inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services up to 3,000 meters of depth. The contr

about 1 year ago
Green Volt Rovco
Business Developments & Projects

OWC wins cable engineering contract for Scottish floating wind farm

The renewable energy consultancy OWC has been awarded a contract to provide cable engineering support to the Green Volt floating offshore wind farm in Scotland, developed by Flotation Energy and Vårgrønn. OWC’s scope of work includes cable engineering for both offshore and onshore cables. The subsea

about 1 year ago
Illustration; Source: Rystad Energy
Business Developments & Projects

Potential imbalance in oil demand and supply on the cards

With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,

about 1 year ago
Port of Hamburg
Business Developments & Projects

Methanol and LNG bunkering approved at Hamburg’s Waltershofer Hafen

The Port of Hamburg’s Waltershofer Hafen has been given the rubber stamp of approval for ship-to-ship (STS) bunkering of methanol and liquefied natural gas (LNG), marking another ‘milestone’ for the port’s efforts oriented toward the broader utilization of eco-friendly fuels. As disclosed, vessels a

about 1 year ago