Business Developments & Projects
AmmPower to develop ammonia facility at Port of South Louisiana
Vancouver-based resource exploration company AmmPower wants to develop a green hydrogen/ammonia production facility for shipping fuel and energy transfer at the Port of South Louisiana.
ExxonMobil reshuffling business lines and moving HQ to Houston
ExxonMobil is reorganising its business structure to improve effectiveness and reduce costs and moving its headquarters.
VIDEO: Timeline of Ever Given crisis management
The Suez Canal Authority (SCA) has just released this very interesting video named ‘Timeline of the Ever Given crisis management’. With a length of 400 meters and a width of nearly 60 meters, this giant ship had been wedged in the Suez Canal since March 23, 2021, blocking all shipping traffic. For t
Maersk Drilling wins extra work for drillship in Malaysia
Danish offshore drilling contractor Maersk Drilling has secured a contract extension for a drillship operating offshore Malaysia.
Yield identified as key cost reduction driver for HelioRec floating solar tech
Under the auspices of the Marine Energy Alliance (MEA) project, a French start-up HelioRec worked together with Irish techno-financial analysis provider Exceedence on the assessment of levelized cost of energy (LCOE) and key cost drivers for the company’s floating solar technology.
Spanish companies present plans for country’s largest floating wind farm
A joint venture company established by two Spanish renewable energy businesses has submitted initial plans for a gigawatt-scale floating offshore wind farm to the Spanish government, informing the authorities of its intention to explore and assess the implementation of the project.
Sustainable Marine back on track to link tidal device to Nova Scotia grid
Sustainable Marine has returned to work at the Grand Passage in the Bay of Fundy to connect its next-gen floating tidal energy platform PLAT-I to Nova Scotia’s power grid.
UK: £5 bln grid investments proposed, including England-Scotland subsea links
National Grid Electricity System Operator, the UK’s electricity system operator, has published Networks Options Assessment (NOA) for 2022 recommending more than £5 billion (around $6.7 billion) worth of grid infrastructure investments in the North of Scotland.
Saipem in profit warning as margins deteriorate due to pandemic and rising costs
Following a revision of its backlog, Saipem has withdrawn its outlook from October 2021, citing significant deterioration of some projects’ margins.
Three oil & gas firms gearing up for Norwegian wells in February
Three oil & gas companies have been granted drilling permits by Norwegian authorities for wells in the Norwegian Sea and the North Sea.
CMA CGM takes majority stake in Colis Privé
French shipping and logistics major CMA CGM Group has entered into a preliminary agreement to acquire a 51% stake in the Colis Privé Group, a compatriot specialist in home and relay parcel delivery.
UK oil & gas trade body changing name to reflect drive towards net-zero future
Oil & Gas UK (OGUK) is expanding to include the low-carbon offshore energy technologies like offshore wind, hydrogen, and CCS.
Ocean Infinity orders six HUGIN AUVs for sustainable data acquisition
Marine robotics company Ocean Infinity is expanding its robotic fleet with an order of six Kongsberg Maritime’s HUGIN autonomous underwater vehicles (AUVs) which will integrate as part of the Armada fleet.
McDermott’s unit scores Plaquemines LNG gig
U.S. LNG export project developer Venture Global has awarded McDermott’s storage business CB&I a contract for two storage tanks as part of the first phase of the Plaquemines LNG export project.