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Business Developments & Projects

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Illustration: Source: Wood Mackenzie
Business Developments & Projects

50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach

With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence group, has pointed out that such a decision cou

about 1 year ago
FPSO P-63; Source: Petrobras
Business Developments & Projects

Brazilian offshore oil asset pair turning off the taps next month for scheduled maintenance

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The production mode at two oil-producing assets off the coast of Brazil is weeks away from being switched off, enabling operators to undertake planned maintenance activities in their chosen Campos Basin fields.

about 1 year ago
Keppel-led consortium to advance ammonia project on Jurong Island
Business Developments & Projects

Keppel-led consortium to advance ammonia project on Jurong Island

The Energy Market Authority of Singapore (EMA) and the Maritime and Port Authority of Singapore (MPA) have appointed the consortium led by asset manager and operator Keppel to conduct the next phase of the project to provide a low- or zero-carbon ammonia solution on Jurong Island for power generatio

about 1 year ago
Zandolie renewably-powered platform; Source: DeNovo, now Proman Energy
Business Developments & Projects

Trinidad and Tobago’s gas producer rebrands to align with Proman family of companies

Proman’s upstream company, DeNovo Energy, has changed its name to Proman Energy to bring its identity in alignment with the integral role of the parent company’s upstream business, ensuring greater visibility across its integrated value chain.

about 1 year ago
A rig offshore
Business Developments & Projects

Australia’s energy backbone: Oil & gas firms set to boost tax revenue with $21.9 billion

While emphasizing that oil and gas companies are among Australia’s largest corporate taxpayers, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has highlighted that the hydrocarbon industry will drive additions to taxes and roya

about 1 year ago
Hellenic Cables bags East Anglia Two inter-array cable deal
Business Developments & Projects

Hellenic Cables bags East Anglia Two inter-array cable deal

Hellenic Cables has been awarded a contract by Seaway7 for the supply of approximately 165 kilometers of 66 kV inter-array cables and associated accessories for the East Anglia Two offshore wind farm in the UK. Hellenic Cables’ scope of work includes the engineering, design, manufacturing, testing,

about 1 year ago
India
Business Developments & Projects

MHI begins work on export logistics plan for green hydrogen and ammonia from India

Japanese major Mitsubishi Heavy Industries (MHI) has commenced a study aimed at formulating a plan for the facilities and logistics necessary to export green hydrogen and ammonia from India.

about 1 year ago
wave energy buoys
Business Developments & Projects

Canadian firm raises $1.83M to advance wave energy tech

Voltai, a Canadian cleantech company focused on ocean and renewable energy solutions, has closed an oversubscribed $1.83 million pre-seed financing round. Invest Nova Scotia led the round, with additional participation from an angel investor group headed by Mahir Sahin, former advisor to Alphabet’s

about 1 year ago
Illustration; Source: Environmental Defense Fund Europe (EDFE)
Business Developments & Projects

€4.5 trillion investor coalition urges EU to hold the line on methane cuts

The European Union (EU) is facing pressure to uphold its methane regulation amid the climate push from 42 institutional investors, with over €4.5 trillion in assets under management, which have warned that backtracking would undermine regulatory certainty and market stability, while also slowing pro

about 1 year ago
Noble BlackHornet
Business Developments & Projects

Noble’s high‑spec drillship duo wins $620M US Gulf extensions with BP

The U.K.’s oil and gas major BP has prolonged the stay of two drillships in the Gulf of America (previously known as the Gulf of Mexico) from the fleet of the U.S.-headquartered offshore drilling giant Noble Corporation.

about 1 year ago
DOF gets project awards for three vessels to keep working in North America
Business Developments & Projects

DOF gets project awards for three vessels to keep working in North America

Norwegian vessel owner DOF Group has secured several project awards in the North America region that have a combined contract value of over $60 million. The awards will use vessels already in the region, securing over 300 days of firm vessel utilization, with further options available. Skandi Skanse

about 1 year ago
A large vessel at sea
Business Developments & Projects

Eni moves ahead with second FLNG unit in Mozambique’s supergiant basin

Italy’s energy giant Eni and its co-venturers have reached the final investment decision (FID) to develop a floating liquefied natural gas (FLNG) project in the north of Mozambique.

about 1 year ago
Thai operator taps Candela for electric flying ferries
Business Developments & Projects

Thai operator taps Candela for electric flying ferries

Swedish electric boat maker Candela has signed an agreement with Thai operator Seudamgo by Leopard Transportation for ten of its electric hydrofoil ferries to initially operate on Thailand’s route between the mainland and Koh Kood Island.

about 1 year ago
FPSO Alexandre de Gusmão at sea
Business Developments & Projects

SBM Offshore reimaging FPSO ops with Cognite and SLB to power next wave of AI-enabled innovation

SBM Offshore has strengthened ties with Cognite, an industrial AI software-as-a-service (SaaS) company, and SLB, a U.S.-headquartered technology player, to create an enhanced artificial intelligence (AI) blueprint envisioned to bolster operational efficiency and fuel further innovation in floating p

about 1 year ago