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Business Developments & Projects

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green shipping corridor
Business Developments & Projects

South Korean and US ports formalize green shipping corridor agreement

South Korea’s Busan Port Authority (BPA) and the Ulsan Port Authority and the United States’ Northwest Seaport Alliance (NWSA), the Port of Tacoma (PoT) and the Port of Seattle have penned a formal agreement aiming to strengthen efforts in establishing a green shipping corridor. As officials from en

about 11 months ago
COSL Prospector rig; Source: Canarship
Business Developments & Projects

Equinor gearing up to spud Barents Sea wildcat with COSL rig

Norway’s state-owned energy giant Equinor has obtained the all-clear from the Norwegian authorities for drilling activities on the Norwegian Continental Shelf (NCS), which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling contractor.

about 11 months ago
LNG carrier at sea
Business Developments & Projects

NYK Line delivers LNG carrier to French firm

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) has delivered a newly built liquefied natural gas (LNG) carrier to France’s EDF LNG Shipping, a subsidiary of Electricité de France (EDF).

about 11 months ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business Developments & Projects

Another task at $31.8 billion US LNG project lands on Baker Hughes’ plate

U.S.-headquartered energy technology giant Baker Hughes has more work to grind through at a liquefied natural gas (LNG) export project in Texas, as it has been hired to provide the primary liquefaction equipment for another segment of this multibillion-dollar undertaking in the United States.

about 11 months ago
Nigeria LNG; Source: Oil and Gas Free Zones Authority (OGFZA)
Business Developments & Projects

Shell turns to Halliburton for integrated drilling and completion work offshore Nigeria

U.S.-headquartered oilfield services player Halliburton has landed a new assignment off the coast of Nigeria with Shell Nigeria Exploration and Production Company (SNEPCo), a subsidiary of the UK-headquartered Shell, in collaboration with its joint venture partner, Sunlink Energies.

about 11 months ago
Hyundai Motor breaks ground on hydrogen fuel cell facility in South Korea
Business Developments & Projects

Hyundai Motor breaks ground on hydrogen fuel cell facility in South Korea

Hyundai Motor Company, a subsidiary of South Korean conglomerate Hyundai Motor Group (HMG), has held a groundbreaking ceremony for its new hydrogen fuel cell production plant in Ulsan, South Korea.

about 11 months ago
Agreement signing; Source: XRG via LinkedIn
Business Developments & Projects

BP-ADNOC JV secures exploration rights for gas field off Egypt

Arcius Energy, an affiliate of the UK’s BP and the UAE’s ADNOC, has signed a deal with several partners enabling it to get exploration rights in a concession offshore Egypt.

about 11 months ago
Beihai Shipbuilding
Business Developments & Projects

Beihai Shipbuilding christens two 310,000 dwt ammonia-ready VLCCs

Qingdao Beihai Shipbuilding Heavy Industry (BSIC), part of China State Shipbuilding Corporation (CSSC), has held a naming ceremony for two 319,000 dwt ammonia-ready very large crude oil carriers (VLCCs) set to join the fleet of Belgium’s CMB.TECH. According to a social media post by the China Ship D

about 11 months ago
US firm wraps up 180-day survey campaign offshore Mozambique
Business Developments & Projects

US firm wraps up 180-day survey campaign offshore Mozambique

Florida-headquartered marine environmental consulting firm CSA Ocean Sciences (CSA) has performed an environmental baseline survey (EBS) off the coast of Mozambique for what it says is a major oil & gas company. CSA’s project scope included water column profiling, environmental sampling, seafloor im

about 11 months ago
Hebron platform; Source: ExxonMobil
Business Developments & Projects

ExxonMobil entrusts multimillion-dollar gig off Canada to Aker Solutions

Norway-based energy services provider Aker Solutions has won a multi-year brownfield services assignment with ExxonMobil Canada, a subsidiary of the U.S.-headquartered energy giant ExxonMobil.

about 11 months ago
Farm-in agreement signing
Business Developments & Projects

Greece gearing up for offshore exploration revival as ExxonMobil joins Ionian Sea block

U.S.-headquartered energy giant ExxonMobil, UK-based oil and gas player Energean, and Greece’s HELLENiQ ENERGY Upstream have signed a farm-in agreement for ExxonMobil’s participation in a concession in the northwestern Ionian Sea.

about 11 months ago
HYDS forges ahead with green hydrogen production projects
Business Developments & Projects

HYDS forges ahead with green hydrogen production projects

Hydrogen Solutions (HYDS) has reached final investment decisions (FIDs) for its two green hydrogen production projects, HyFuel and Kaupanes Hydrogen, advancing them into the construction phase.

about 11 months ago
West Vela seventh-generation ultra-deepwater dual activity drillship; Source: Seadrill
Business Developments & Projects

Appraisal of black gold discovery coming up next year in Gulf of America

Houston-based energy player Talos Energy is setting the stage to undertake appraisal activities in 2026 at its recent oil discovery in the Gulf of America (U.S. Gulf of Mexico), which was drilled with a drillship owned by Seadrill, an offshore drilling contractor.

about 11 months ago
BASF opens green hydrogen and fuel cell component facility
Business Developments & Projects

BASF opens green hydrogen and fuel cell component facility

BASF Environmental Catalyst and Metal Solutions (ECMS) has opened a production facility for green hydrogen and fuel cell components in Budenheim, Germany, near Frankfurt.

about 11 months ago
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