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Business Developments & Projects

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FPSO John Agyekum Kufuor; Source: Yinson Production
Business Developments & Projects

Eni and Vitol eye integrated project’s output increase offshore Ghana

Italy’s energy giant Eni and its partners in an integrated project offshore Ghana, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a memorandum of intent (MOI) with Ghana’s government to boost the country’s oil and gas production capacity.

about 1 year ago
South Korean duo sets out to promote domestic LNG bunkering business
Business Developments & Projects

South Korean duo sets out to promote domestic LNG bunkering business

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South Korea’s trading company POSCO International has signed a memorandum of understanding (MoU) with Korea Southern Power to promote the domestic LNG bunkering business.

about 1 year ago
Prysmian completes cable laying for Spanish interconnection
Business Developments & Projects

Prysmian connects two Canary Islands with submarine cables

Italian cabling giant Prysmian Group has finished laying the submarine cable for the interconnection between Tenerife and La Gomera in Spain, with the entire infrastructure expected to be completed by the end of this year. The interconnection consists of a 66 kV double-circuit line, with a 36-kilome

about 1 year ago
HyOrc and Start forge joint venture to build green methanol network in Portugal
Business Developments & Projects

HyOrc and Start forge joint venture to build green methanol network in Portugal

HyOrc has signed a definitive joint venture (JV) agreement with Start to co-develop and operate a network of green methanol plants in Portugal.

about 1 year ago
Neowave Energy, a Colombia-based startup, is moving forward with the development of its wave energy converter (WEC).
Business Developments & Projects

Colombian start-up tests small-scale wave energy converter

Neowave Energy, a Colombia-based startup, is moving forward with the development of its wave energy converter (WEC). The company has designed, manufactured, installed, and analyzed a small-scale version of its device in the Universidad Nacional de Colombia wave flume. According to Neowave, the tests

about 1 year ago
Wärtsilä
Business Developments & Projects

Wärtsilä’s 15-year deal fortifying operational reliability of Chinese firm’s LNG vessel trio

Wärtsilä has won a multi-year lifecycle agreement for three liquefied natural gas (LNG) carriers with China LNG Shipping (International) Co. Ltd. (CLSICO), which is perceived to be designed to ensure operational reliability, enable flexibility in maintenance scheduling, and optimize the time between

about 1 year ago
FSRU Turquoise P
Business Developments & Projects

BSM breaks new ground in FSRU management at Turkish LNG terminal

Maritime services company Bernhard Schulte Shipmanagement (BSM) has assumed the technical management of a floating storage and regasification Unit (FSRU) operating in the Turkish Aegean Sea.

about 1 year ago
Long-term, project-based contracts lead South Korean cable maker to ‘record order backlog’
Business Developments & Projects

Long-term, project-based contracts lead South Korean cable maker to ‘record order backlog’

South Korean Taihan Cable & Solution has reported a record order backlog of KRW 3.25 trillion (approximately €2 billion) as of the end of August, surpassing KRW 3 trillion for the first time ever and marking an all-time high. This represents a 3.5-fold increase from KRW 945.5 billion at the end of 2

about 1 year ago
Meridian purpose-built FPSO hull design; Courtesy of Yinson Production
Business Developments & Projects

Deepwater frontiers calling: Yinson Production’s FPSO hull design with low-carbon kit wins DNV’s blessing

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has unveiled a purpose-built floating production storage and offloading (FPSO) hull design, which has secured main scantling approval (MSA) from DNV, a Norwegian classification socie

about 1 year ago
NYK inks new CO2 removal credits deal
Business Developments & Projects

NYK inks new CO2 removal credits deal

Japanese shipping company NYK has signed a new agreement with carbon capture, utilization, and sequestration (CCUS) company 1PointFive to purchase carbon dioxide removal (CDR) credits, neutralizing residual emissions and contributing to achieving net-zero by 2050.

about 1 year ago
Tidal Action drillship
Business Developments & Projects

Hanwha’s 7th-gen drillship kicks off maiden contract with Petrobras

A seventh-generation drillship owned by Hanwha Drilling, part of South Korea’s Hanwha Ocean, has commenced its assignment with Brazil’s state-owned energy giant Petrobras in the country’s Campos basin.

about 1 year ago
Darwin LNG; Source: Santos
Business Developments & Projects

$19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos

A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos.

about 1 year ago
Blue Marlin stimulation vessel; Source: Baker Hughes
Business Developments & Projects

Baker Hughes helping Petrobras enhance oil & gas production as vessel duo remains in Brazil

U.S.-headquartered energy technology giant Baker Hughes has disclosed a long-term contract extension with Brazil’s Petrobras for two stimulation vessels, which will keep supporting offshore operations that optimize oil and gas recovery in the South American country’s post and pre-salt fields.

about 1 year ago
Elcogen opens new solid oxide technology facility, boosting production to 360 MW
Business Developments & Projects

Elcogen opens new solid oxide technology facility, boosting production to 360 MW

Estonian clean energy technology manufacturer Elcogen has officially opened ELCO I, a solid oxide technology facility on the outskirts of Tallinn, increasing the company’s available production capacity from 10 MW to 360 MW.

about 1 year ago