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Business Developments & Projects

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Akcakoca platform; Source: Trillion Energy
Business Developments & Projects

Gas production boost coming up next on giant Black Sea field’s horizon

Trillion Energy is a day away from resuming activities to put all the required puzzle pieces in place to increase and maintain natural gas production at its huge gas field in the Black Sea off the coast of Türkiye, thanks to a gas lift compressor system.

about 1 year ago
Orkney Research and Innovation Campus - ORIC (Courtesy of Highlands and Islands Enterprise)
Business Developments & Projects

Orkney’s marine renewables campus moves to HIE ownership

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Highlands and Islands Enterprise (HIE) has taken full ownership of the Orkney Research and Innovation Campus (ORIC) in Stromness, Scotland, following the transfer of Orkney Islands Council’s (OIC) share in the joint venture (JV). According to HIE, the move comes as ORIC prepares for a second phase o

about 1 year ago
Langh Ship
Business Developments & Projects

Langh Ship gets €35M from KfW IPEX for 2 eco-friendly feeder ships

Germany’s KfW IPEX-Bank has decided to finance the newbuilding program of Finnish shipping company Langh Ship by providing €35 million for two eco-friendly 1,200 TEU containerships.

about 1 year ago
COSL Innovator rig; Source: COSL
Business Developments & Projects

COSL rig spuds last well on its North Sea list with Serica

Serica Energy is bringing its multi-well drilling campaign and work-over program in the North Sea to an end, as a rig from COSL Drilling Europe has started drilling the final well in this campaign on the UK Continental Shelf (UKCS).

about 1 year ago
Tidal energy has potential to provide 11% of UK’s electricity demand, analysis says
Business Developments & Projects

Scottish firm’s tidal energy converter secures Lloyd Register’s feasibility statement

Marine classification society Lloyd’s Register (LR) has awarded Scotland-based renewable energy company Orbital Marine Power an International Electrotechnical Commission for Renewable Energy (IECRE) feasibility statement for its O2-X tidal energy converter (TEC). According to LR, the O2-X, an upgrad

about 1 year ago
Galveston LNG Bunker Port inks first bunker supply deal
Business Developments & Projects

Galveston LNG Bunker Port inks first bunker supply deal

Galveston LNG Bunker Port (GLBP) has executed the first sales and purchase agreement (SPA) for the supply of LNG of its proposed liquefaction project in Texas City Industrial Complex within Galveston Bay.

about 1 year ago
An LNG terminal
Business Developments & Projects

MET Group appoints new head to oversee LNG growth

Switzerland-headquartered energy company MET Group has named a new leader for its liquefied natural gas (LNG) unit.

about 1 year ago
Development and operation plan handed in for Northern Lights expansion
Business Developments & Projects

Development and operation plan handed in for Northern Lights expansion

Some five days after taking the final investment decision (FID), Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have submitted the plan for development and operation (PDO) to the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage de

about 1 year ago
Europe unlikely to meet its 2030 hydrogen production targets, report says
Business Developments & Projects

Europe unlikely to meet its 2030 hydrogen production targets, report says

Less than 20% of the EU’s planned hydrogen project pipeline is expected to be realized by 2030 without urgently addressing critical points that create a widening gap between ambition and reality in Europe’s hydrogen sector, according to the latest report from energy market research and consultancy f

about 1 year ago
UK firm picks its first international franchisee for fully autonomous USV charter fleet
Business Developments & Projects

UK firm picks its first international franchisee for fully autonomous USV charter fleet

UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its uncrewed surface vessel (USV) charter fleet in North America. According to Zero USV, Oceanus12 is designed for long-distance over-the-horizon operations and is mission agnostic, allowing a wide range of p

about 1 year ago
Avenir’s bunker vessel to continuously run on bio-LNG in 2025
Business Developments & Projects

Avenir’s bunker vessel to continuously run on bio-LNG in 2025

LNG bunkering provider Avenir LNG has decided to run its 2022-built vessel Avenir Ascension on bio-LNG for the remainder of 2025.

about 1 year ago
Day rate contracts in South America and Africa come along to Argeo vessels
Business Developments & Projects

Day rate contracts in South America and Africa come along to Argeo vessels

Norwegian subsea services provider Argeo has signed new contracts under which its two vessels will be deployed offshore South America and Africa on oil & gas projects. The contracts will see Argeo Searcher perform autonomous underwater vehicle (AUV) survey work in South America and Argeo Venture AUV

about 1 year ago
Ocean Harvesting Technologies opens financing round to advance wave energy tech
Business Developments & Projects

Ocean Harvesting Technologies opens financing round to advance wave energy tech

Sweden’s Ocean Harvesting Technologies has launched a €200,000 financing round to support further development of its InfinityWEC wave energy converter (WEC) in 2025. The move is part of a larger €700,000 capital requirement for 2025-2027. InfinityWEC is currently being developed under two EU-funded

about 1 year ago
An offshore rig
Business Developments & Projects

Island Drilling sheds more light on $330 million Equinor contract win

Norwegian offshore rig operator Island Drilling has expounded on the permanent plug and abandonment (PP&A) assignment on the Norwegian continental shelf (NCS) it recently won with compatriot state-owned giant Equinor.

about 1 year ago