Business Developments & Projects
Chart and Ballard test liquid hydrogen-powered fuel cell
Chart Industries and Ballard Power Systems have successfully tested a fuel cell powered by liquid hydrogen.
U.S. player closes Gulf of Mexico deal ahead of schedule
W&T Offshore has increased its Gulf of Mexico footprint following the acquisition of producing shallow-water assets in the area.
PGNiG buys American LNG for Ukraine
Polish oil and gas player PGNiG has purchased a shipment of LNG from the United States for delivery to Ukrainian energy project developer ERU.
Equinor fails to find hydrocarbons in Norwegian Sea well
Equinor has failed to find hydrocarbons in the stacked Ginny/Hermine exploration prospects in the Norwegian Sea.
Harbour Energy’s CEO Europe heading out
Harbour Energy has revealed that its current CEO Europe has tendered his resignation, which becomes effective at the end of the month.
Odfjell rig starts Equinor gig
An Odfjell Drilling-owned semi-submersible rig has started its contract with Equinor, making it the third Odfjell rig to work for Equinor.
ExxonMobil profit soars on the back of higher oil & gas prices
ExxonMobil booked a profit in the last quarter of 2021 amid a significant increase in revenues driven by a rebound in oil and gas prices.
MOL, Oshima complete hard sail system for ships
Japanese shipping company Mitsui O.S.K. Lines and compatriot shipbuilder Oshima Shipbuilding have completed the hard sail system jointly developed under the Wind Challenger project at the Oshima shipyard.
Cabling works complete for Israeli wave energy project
Eco Wave Power has completed the cabling works required to connect the wave energy project, being developed in collaboration with EDF, to Israeli power grid.
EU: EuroAsia power link gets highest grant in €1B energy infrastructure investment
Under the Connecting Europe Facility (CEF) for trans-European energy networks, the EuroAsia Interconnector project will receive €657 million.
Wavepiston kicks off installation ops for wave-powered desalination system
Danish wave energy company Wavepiston has started with the installation operations for its wave-powered desalination system in Canary Islands.
Hapag-Lloyd reports $12.8 billion operating profit amid strong demand
German container shipping company Hapag-Lloyd reported an “extraordinary” strong operating result in 2021, driven by high freight rates.
Exploration hotspot – Guyana well results reinforce belief in ‘transformational opportunity’
CGX Energy and Frontera Energy have made a discovery at the Kawa-1 well located in the Corentyne block offshore Guyana.
d’Amico-led biofuel trial confirms positive reduction in CO2 emissions
The joint industry project launched in June 2021 to test biofuel blend (B30) derived from renewable feedstock to power a d’Amico Group LR1 product tanker, showed positive findings in terms of the reduction of CO2 emissions, reduced carbon intensity, and stable NOx emissions.