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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Aerial view of workers carrying out operations on an offshore platform

Business Developments & Projects

Trillion makes progress with ‘highly anticipated’ gas flow optimization ops at field off Türkiye

Canada’s oil and gas player Trillion Energy has started velocity string operations on its production platform at a gas field offshore Türkiye.

about 1 year ago

Business Developments & Projects

Canadian government invests $22 million in EverWind’s green fuels hub

North American developer of green hydrogen projects EverWind Fuels has secured $22.5 million in funding from the Canadian government to develop marine and shore-side infrastructure at its Point Tupper terminal in Nova Scotia as part of the green hydrogen and ammonia project. The funding was awarded

about 1 year ago

$16 million subsea order lands on Kraken Robotics' table

Business Developments & Projects

Kraken Robotics bags $13M in subsea battery orders

Canada-headquartered marine technology player Kraken Robotics has secured $13 million in orders for its SeaPower subsea batteries from existing clients. Rated for depths of up to 6,000 meters, these batteries deliver twice the energy density and are 46% lighter per kWh compared to traditional press

about 1 year ago

A man with virtual-reality headset looking at a hologram depicting terrain with some data attached to it

Business Developments & Projects

Microsoft helping Enbridge harness power of AI to scale up assets and slash emissions

Canadian pipeline and energy company Enbridge has teamed up with Microsoft to employ artificial intelligence (AI) to maximize safety, reduce greenhouse gas (GHG) emissions, and enhance assets across its operations.

about 2 years ago

Business Developments & Projects

Seaspan’s LNG bunker vessel Garibaldi to take first cargo in Vancouver

Seaspan Energy’s first LNG bunkering vessel, the Seaspan Garibaldi (Nch’kay), is on its way to Vancouver, where it will take its first cargo and finalize commissioning.

about 2 years ago

Enbridge has secured a deal with BP to construct and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico.

Business Developments & Projects

Canadian firm lines up oil & gas pipeline pair for BP’s Gulf of Mexico project

Canadian pipeline and energy company Enbridge has secured a deal with the UK-based energy giant BP to construct and operate crude oil and natural gas pipelines for the oil major’s recently sanctioned deepwater development in the U.S. Gulf of Mexico. The pipeline system duo is expected to be operatio

about 2 years ago

Business Developments & Projects

$45M public offering to help Kraken Robotics with expansion and acquisitions

Canada-headquartered marine technology player Kraken Robotics is set to receive a bought deal public offering of $45 million, with the net proceeds to be used for the company’s long-term strategy, including expansion and acquisitions, among others. Kraken Robotics has amended its agreement with Corm

about 2 years ago

Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG

Business Developments & Projects

Canada’s $4B LNG project and Samsung Heavy Industries hit with patent infringement lawsuit

Steelhead LNG has filed a patent infringement lawsuit with the Seoul Central District Court in South Korea against the developer of the Cedar LNG project on Canada’s West Coast and Samsung Heavy Industries (SHI), which is constructing a new floating LNG (FLNG) unit for the project.

about 2 years ago

Champlain Hudson Power Express (CHPE) transmission line installation; Source: CHPE

Business Developments & Projects

‘Great progress’ in cable laying ops at mega $6 billion US-Canada subsea link to power Big Apple with renewables

NKT, alongside other players hired for work on an underwater high-voltage direct current (HVDC) cable project between the U.S. and Canada, is continuing to make inroads in putting all the subsea marine infrastructure in place.

about 2 years ago

An offshore platform with cranes surrounded by two vessels

Business Developments & Projects

Trinity’s takeover by Trinidadian firm pressing on as previous contender decides to step back

After the acquisition of UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, by Canada-based Touchstone Exploration was upheaved by a cash offer from a third player, Trinidad-headquartered Lease Operators, the new w

about 2 years ago

Business Developments & Projects

BC Ferries prepares to invest in green ship fleet

Canadian ferry operator BC Ferries has unveiled plans to order five of seven new environmentally friendly vessels for its busiest routes, with the remaining two to be built in a later phase.

about 2 years ago

Business Developments & Projects

World Energy GH2 joins Green Hydrogen Organisation

Newfoundland and Labrador-based renewable energy company World Energy GH2 has become a member of the Green Hydrogen Organisation (GH2).

about 2 years ago

Business Developments & Projects

BMT, Greenline Marine join forces on all-electric ferry design (Video)

International design and engineering firm BMT has joined forces with Canadian ferry transportation company Greenline Marine to develop a new all-electric ferry design.

about 2 years ago

LNG Canada marine terminal, Kitimat, March 2024; Courtesy of Shell-led LNG Canada

Business Developments & Projects

‘Pivotal’ move for Canada’s first LNG export facility to come online

With the first natural gas feed and flaring, LNG Canada, a joint venture company encompassing Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, is taking a key action toward putting into operation mode its liquefied natural gas (LNG) export terminal in Kitimat, Canada’s British Columbia (B.C.).

about 2 years ago