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Business Developments & Projects

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An image showing Wavepiston wave energy system (Courtesy of Wavepiston)
Business Developments & Projects

Wavepiston launches crowdfunding campaign

Danish company Wavepiston has opened a crowdfunding campaign on Seedrs investment platform in order to fund the final phase of development of its wave energy technology.

about 6 years ago
Ithaca’s FPF-1 floating production facility - BP
Business Developments & Projects

BP and Ithaca produce first oil from North Sea project

BP and Ithaca Energy have started production from the Vorlich development, in the UK North Sea, which was the target of environmental protests back in 2019.

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about 6 years ago
Jersey Oil and Gas licence map overview
Business Developments & Projects

Jersey gains full control of North Sea asset with CIECO V&C buy

Jersey Oil & Gas has entered into a conditional sale and purchase agreement to acquire CIECO V&C, which will give it full ownership of a North Sea licence.

about 6 years ago
Illustration; Source: Equinor oil price
Business Developments & Projects

Oil price hits highest levels since March over vaccine hopes

Brent crude oil prices reached highest levels since March as news of another promising coronavirus vaccine raised hopes of a quicker recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his leadership transition.

about 6 years ago
Arctic LNG 2 project 29 pct done
Business Developments & Projects

Arctic LNG 2 project 29 pct done

Russia’s Novatek is forging ahead with the construction of its second liquefied natural gas (LNG) export project, the Arctic LNG 2.

about 6 years ago
OHT vessel Hawk with the final ten jackets in the Port of Nigg
Business Developments & Projects

OHT unloads final Moray East jacket sent from UAE

The last jacket foundation produced for the Moray East offshore wind farm at Lamprell’s yard in Hamriyah has now been unloaded from OHT’s Hawk heavy transportation vessel in the Port of Nigg. The vessel arrived at the Port of Nigg on 12 November with the last batch of ten jackets, completing its sec

about 6 years ago
Spot, the quadruped robotic dog - Aker BP
Business Developments & Projects

Aker BP deploys robotic dog on North Sea FPSO

Aker BP and Cognite have partnered to deploy Spot, the quadruped robotic dog, to pioneer the remote-controlled offshore mission on the Skarv installation.

about 6 years ago
GTT fined €9.5 mln by South Korea's FTC
Business Developments & Projects

GTT fined €9.5 mln by South Korea’s FTC

French LNG containment specialist GTT has been fined €9.5 million ($11.3 million) by the South Korean Fair Trade Commission (FTC).

about 6 years ago
The Safeway gangway on board Olympic Commander vessel docking on a Sandbank offshore wind turbine
Business Developments & Projects

Olympic Commander deployed for inter-array cables O&M at Sandbank OWF

The multi-purpose offshore vessel Olympic Commander has been contracted by JDR Cables to support a maintenance campaign at the Sandbank offshore wind farm in the German North Sea. Equipped with a 28-metre Safeway Seagull walk-to-work gangway system, the vessel has been deployed to carry out the tran

about 6 years ago
Rem Mistral PSV - Rem Offshore
Business Developments & Projects

Apache employs Rem PSVs in North Sea

Rem Offshore has been awarded a contract and extension for its platform supply vessels from Apache in the UK North Sea.

about 6 years ago
Ravenna port
Business Developments & Projects

Contract awarded for Ravenna Port Hub development

A major contract for the construction of Italy’s Ravenna Port Hub has been awarded to a consortium including DEME’s subsidiary Dredging International and Italian construction company Consorzio Stabile Grandi Lavori.

about 6 years ago
Jubilee field off Ghana - Tullow Oil
Business Developments & Projects

Tullow plans to generate $7 billion cash flow over 10 years with focus on West African assets

Tullow Oil will focus on its West African producing portfolio as part of its new strategy to generate $7B of operating cash flow in the next 10 years.

about 6 years ago
Endesa lines up €34.5 mln LNG bunkering investment
Business Developments & Projects

Endesa lines up €34.5 mln LNG bunkering investment

Spanish utility Endesa is aiming to invest up to €34.5 million ($41million) in an LNG bunkering facility in the port of Los Barrios, in Algeciras Bay.

about 6 years ago
The design for utility-scale Orbital OA model (Courtesy of Orbital Marine Power)
Business Developments & Projects

Orbital Marine Power announces crowdfunding campaign

Orbital Marine Power has revealed its intention to launch a crowdfunding campaign through the Crowdcube investment platform in the weeks ahead.

about 6 years ago