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Business Developments & Projects

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NKT Beatrice
Business Developments & Projects

NKT completes Beatrice export cable repair, 588 MW offshore wind farm returns to full capacity

NKT has completed a turnkey repair of one of the 220 kV high-voltage AC subsea export cables connecting the Beatrice offshore wind farm in the Scottish Moray Firth to the Aberdeenshire coast. In April 2025, an unplanned transmission outage occurred on one of two of Beatrice’s Transmission Capital Pa

about 10 months ago
Illustration; Source: Conrad Asia Energy
Business Developments & Projects

Arbitration battle looms in Asia as Empyrean challenges Conrad’s withdrawal notice

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Conrad Asia Energy’s wholly-owned subsidiary, West Natuna Exploration Limited (WNEL), has served Empyrean Energy, an AIM-listed oil and gas exploration company, with a notice of election of remedy and forced withdrawal, after the duo had been knee-deep in talks regarding the settlement of outstandin

about 10 months ago
Strategic Marine
Business Developments & Projects

Bermuda receives environmentally friendly ferry duo from Strategic Marine

Singapore-based shipbuilder Strategic Marine has handed over a pair of low-emission catamaran ferries to the Government of Bermuda. As disclosed in a social media post, the 40-meter-long newbuildings were delivered to the Bermudan government ahead of schedule. The vessels were designed by Australia’

about 10 months ago
BASF and ExxonMobil to advance methane pyrolysis technology for low-emission hydrogen
Business Developments & Projects

BASF and ExxonMobil to advance methane pyrolysis technology for low-emission hydrogen

German chemical company BASF and U.S. energy major ExxonMobil have signed a joint development agreement to co-develop methane pyrolysis technology for low-emission hydrogen.

about 10 months ago
Sonardyne adds another task to its contract for UK’s first offshore CCS project
Business Developments & Projects

Sonardyne adds another task to its contract for UK’s first offshore CCS project

Underwater technology company Sonardyne has added more work to its existing contract with the Northern Endurance Partnership (NEP), a joint venture of BP, Equinor and TotalEnergies, for the UK’s first offshore carbon capture and storage (CCS) project. Developed some 75 kilometers east of Flamborough

about 10 months ago
New anchor project could lower costs for floating wind and wave energy
Business Developments & Projects

New consortium sets sights on smarter anchoring for floating wind and wave energy

The Netherlands-based Dieseko Group and Swedish wave energy developer CorPower Ocean have formed a consortium to launch VibroDrive+, a research project aimed at advancing offshore anchor technology through improved design and installation methods. Backed by €400,000 in Eureka Eurostars funding, the

about 10 months ago
TGS wins contract extensions in Norway, about to start 3D survey in Brazil
Business Developments & Projects

TGS wins contract extensions in Norway, about to start 3D survey in Brazil

Norwegian energy data and intelligence company TGS has secured an extension for its current contracts with what it says is a major international energy company, for reservoir monitoring and source services on the Norwegian Continental Shelf (NCS). The contracts cover the provision of reservoir monit

about 10 months ago
NOCC’s first LNG dual-fuel PCTC named in China
Business Developments & Projects

NOCC’s first LNG dual-fuel PCTC named in China

Oslo-headquartered shipowner Norwegian Car Carriers (NOCC) has named its first LNG dual-fuel pure car and truck carrier (PCTC) built by CIMC Raffles shipyard in China.

about 10 months ago
Hammerfest LNG on Melkøya; Credit: Øyvind Gravås and Jonny Engelsvoll/Equinor
Business Developments & Projects

Probe into incident at Equinor’s LNG hub sheds light on root cause

While pinpointing the primary source, Norway’s state-owned energy giant Equinor has shared its findings regarding a recent investigation into an incident at its liquefied natural gas (LNG) facility on Melkøya island in Northern Norway.

about 10 months ago
APM Terminals
Business Developments & Projects

Bangladesh, APM Terminals ink $550 million investment accord

The Dutch container terminal operator APM Terminals, a part of Denmark’s shipping giant A.P. Moller – Maersk, has signed a concession agreement valued at $550 million with the Bangladeshi Chittagong Port Authority (CPA), aiming to deepen the South Asian nation’s infrastructural development and susta

about 10 months ago
Amogy bags $15M strategic investment from South Korean partner
Business Developments & Projects

Amogy bags $15M strategic investment from South Korean partner

U.S. ammonia-to-power solutions provider Amogy has raised a $15 million strategic investment from South Korea’s GS E&C to accelerate the deployment of ammonia-based, carbon-free distributed power solutions.

about 10 months ago
Ekofisk complex; Courtesy of ConocoPhillips
Business Developments & Projects

North Sea oil & gas portfolio recalibration in progress with another asset swap deal

Norwegian oil and gas player DNO has struck a new asset exchange deal to high-grade its North Sea portfolio. The latest move will enable it to swap assets with Orlen Upstream Norway, a subsidiary of Poland’s Orlen. The all-cash transactions are conditional on customary government approvals.

about 10 months ago
Noble Intrepid (former Maersk Intrepid) jack-up rig; Source: Noble Corporation
Business Developments & Projects

Page ends up being blank as North Sea drilling ops yield no oil

DNO Norge, a subsidiary of Norwegian oil and gas player DNO, has not found black gold during the drilling of a well in the North Sea off the coast of Norway, which was conducted with a rig owned by Noble Corporation, a U.S.-headquartered offshore drilling giant.

about 10 months ago
TechnipFMC illustration
Business Developments & Projects

Eni awards ‘substantial’ integrated EPCI contract to TechnipFMC in Indonesia

TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract with Italy’s energy giant Eni for a deepwater project offshore Indonesia. TechnipFMC will design and manufacture Subsea 2.0 tree systems, flexible flowlines, a manifold, and controls, as wel

about 10 months ago