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Business Developments & Projects

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Two offshore platforms connected by a bridge
Business Developments & Projects

Energean and INA sanction €71M investment in Adriatic gas project

UK-based oil and gas player Energean and Croatia’s national petroleum company Industrija nafte (INA) have taken a final investment decision (FID) for the development of a gas field offshore Croatia.

about 1 year ago
EU flags
Business Developments & Projects

EU at energy crossroads: €700 billion to triple US oil, gas, and nuclear imports puts Europe’s decarbonization at risk

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The European Environmental Bureau (EEB), said to be Europe’s largest network of environmental non-government organizations (NGOs), has portrayed the new trade deal between the European Union (EU) and the United States (U.S.) in a different light from the one presented by the European Commission, whi

about 1 year ago
NG Explorer vessel at dock
Business Developments & Projects

NextGeo bags interconnector, offshore wind cable route survey contracts with Prysmian

Prysmian has awarded two contracts to Next Geosolutions (NextGeo), one of which is in the Dutch offshore wind market, where NextGeo will carry out export cable route surveys for the IJmuiden Ver Alpha and Nederwiek 1 offshore wind sites. The second contract NextGeo secured with Prysmian is for the B

about 1 year ago
LNG carrier docking at Adriatic LNG terminal
Business Developments & Projects

Italy’s biggest LNG terminal poised for capacity upgrade

A liquefied natural gas (LNG) terminal in Italy’s northern Adriatic Sea will undergo work to expand its regasification capacity.

about 1 year ago
Siemens and Paragon join forces on novel hydrogen production technology
Business Developments & Projects

Siemens and Paragon join forces on novel hydrogen production technology

Siemens and Paragon Resources have entered a memorandum of understanding (MoU) to jointly scale production of hydrogen using a novel process that reportedly eliminates the need for fossil fuels or external electricity sources.

about 1 year ago
Two offshore platforms
Business Developments & Projects

‘One of largest’ UKCS producers born with NEO–Repsol merger

Aberdeen-based full-cycle energy business New European Offshore (NEO Energy) has completed its strategic merger with Repsol Resources UK, a subsidiary of Spanish energy giant Repsol.

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

Aker BP prolongs Saipem rig’s stay in Norway

Norwegian oil and gas player Aker BP has extended the contract for the assignment of a semi-submersible drilling rig owned by Italian energy giant Saipem offshore Norway.

about 1 year ago
European Energy Little Belt
Business Developments & Projects

Geotechnical surveys start at 165 MW Lillebælt Syd offshore wind farm in Denmark

Geotechnical surveys have commenced for the Lillebælt Syd offshore wind farm in Denmark, being developed by TotalEnergies, European Energy, and Danish utility company SONFOR. In the coming months, a jack-up will conduct test drilling for the eleven turbine locations at the Lillebælt Syd wind farm si

about 1 year ago
Union Maritime clinches $130M financing for LNG, wind-assisted tanker duo
Business Developments & Projects

Union Maritime clinches $130M financing for LNG, wind-assisted tanker duo

UK shipping company Union Maritime has closed a $130 million delivery financing agreement for two newbuild long-range (LR2) tankers that will be fitted with LNG dual-fuel and wind-assisted propulsion solutions.

about 1 year ago
Source: MacArtney Underwater Technology Group (Screenshot)
Business Developments & Projects

MacArtney supplies equipment for Pacific Neutrino project

Denmark-based underwater technology specialist MacArtney Underwater Technology Group has completed production and assembly of 20 junction boxes and 1,000 meters of subsea cable for the Pacific Ocean Neutrino Experiment (P-ONE). “A significant milestone has been reached for the P-ONE project – and we

about 1 year ago
FPSO Triton
Business Developments & Projects

Serica facing stabilization setbacks after North Sea FPSO restart

The UK-based upstream oil and gas player Serica Energy is experiencing delays with stabilizing production from its fields in the North Sea, which is achieved via a floating production, storage, and offloading (FPSO) vessel operated by Dana Petroleum.

about 1 year ago
Noble Sam Croft drillship; Source: Noble Corporation
Business Developments & Projects

Noble’s rigs and Kongsberg Maritime’s tech opening doors to drilling innovation

Noble Corporation, a U.S.-based offshore drilling giant, has joined forces with Kongsberg Maritime, a Norway-headquartered marine technology player, to drive the creation of advanced marine technologies for the offshore drilling realm.

about 1 year ago
Source: TGS
Business Developments & Projects

TGS completes ‘first multi-client seismic project in British Columbia since 2019’

Norwegian energy data and intelligence company TGS has completed the Dawson Phase III 3D seismic survey in the Western Canadian Sedimentary Basin, marking its first new multi-client seismic project in British Columbia since 2019. The survey is said to span 141 square kilometers and has been merged w

about 1 year ago
Carbon Ridge installs industry’s first centrifugal onboard carbon capture system on Scorpio tanker
Business Developments & Projects

Carbon Ridge installs industry’s first centrifugal onboard carbon capture system on Scorpio tanker

U.S.-based developer of modular onboard carbon capture and storage solutions Carbon Ridge has deployed a centrifugal onboard carbon capture system (OCCS) on an LR2 product tanker ownedy by Scorpio Tankers.

about 1 year ago