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Business Developments & Projects

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Waves to Water Prize (Courtesy of the U.S. Department of Energy)
Business Developments & Projects

Ten finalists advance to next stage of Waves to Water challenge

The U.S. Department of Energy has announced 10 winners in the ADAPT stage of the Waves to Water Prize, a competition focused on using the power of waves to develop clean energy-powered desalination technologies to help provide potable water to communities in need.

about 5 years ago
ADNOC awards offshore block to Japan’s Cosmo
Business Developments & Projects

ADNOC awards offshore block to Japan’s Cosmo

ADNOC has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Japan’s Cosmo Energy.

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about 5 years ago
Boxship
Business Developments & Projects

HMM posts record operating profit in 2020

Despite the negative effects of COVID-19, South Korea’s national flagship carrier HMM closed 2020 with a significant earnings boost. The shipping company reported an operating profit of $831.1 million in 2020, against a loss of $254 million in 2019. The result recorded in 2020 represents HMM’s highe

about 5 years ago
Maersk Integrator rig drilled the North Sea well for MOL
Business Developments & Projects

MOL hits dust in North Sea well

Oil and gas company MOL Norge has drilled a dry well located at Mandal High in the southern North Sea offshore Norway.

about 5 years ago
Magseis Fairfield ocean bottom node
Business Developments & Projects

Deep-water Angola survey work for Magseis Fairfield

Magseis Fairfield has won a contract for a deep-water ocean bottom node baseline 3D survey offshore Angola for an undisclosed energy major. According to the Oslo-listed company, the project should start in Q2 2021 and run for approximately three months. “Our ocean bottom node technology has delivere

about 5 years ago
Adolo FPSO is operating on the Dussafu permit off Gabon
Business Developments & Projects

Tullow Oil offloads West African assets to Panoro

Tullow Oil has signed two separate sale and purchase agreements with Panoro Energy for its assets in Equatorial Guinea and the Dussafu asset in Gabon.

about 5 years ago
Saipem lifts roof on Nong Fab LNG terminal
Business Developments & Projects

Saipem lifts roof on Nong Fab LNG terminal

Italian contractor Saipem has hit a company milestone and made progress on the construction of the Nong Fab LNG regasification plant in Thailand.

about 5 years ago
Lamar McKay; Source: BP Apache
Business Developments & Projects

Apache names former BP deputy CEO as board member

Oil and gas company Apache Corporation has appointed a new member to the company’s board of directors.

about 5 years ago
Photo of Oceans of Energy's offshore solar farm modules in North Sea - a groudbreaking pilot referenced in the roadmap (Courtesy of Oceans of Energy)
Business Developments & Projects

Dutch government releases floating solar energy roadmap

The Dutch Minister of Economic Affairs and Climate Policy, Bas van ‘t Wout, has published a roadmap for floating solar energy, outlining the opportunities and risks associated with this growing industry in the Netherlands.

about 5 years ago
TechnipFMC Brazil spoolbase
Business Developments & Projects

TechnipFMC’s Brazil spoolbase open for business

TechnipFMC has officially opened its brand new spoolbase in Brazil. The new facility is located in the Açu Port, north of Rio de Janeiro State. According to the company, it will be its most modern spoolbase worldwide as well as an important asset to meet the future demands of subsea projects. With a

about 5 years ago
Sapura Topazio & Sapura Diamante
Business Developments & Projects

Sapura’s JV with Seadrill not impacted by Chapter 11 cases

Sapura Energy has clarified that its joint venture with Seadrill is not impacted by the recent Chapter 11 cases filed by several Seadrill subsidiaries.

about 5 years ago
First Nacelle for the Saint-Nazaire offshore wind farm rolled out at GE's factory in France
Business Developments & Projects

8.2 France working on Saint-Nazaire OWF

8.2 France has been appointed to carry out quality monitoring of the assembly of the nacelles, the e-stack, and pre-assembly at the logistics hub in the port area for the Saint-Nazaire offshore wind farm. The company, which started its three-year contract back in April 2020, has deployed three exper

about 5 years ago
energy storage MOU
Business Developments & Projects

SPBES, GRSE to collaborate on electric/hybrid propulsion solutions for ships

Canadian energy storage solutions provider Sterling PlanB and India state-controlled shipyard Garden Reach Shipbuilders and Engineers (GRSE) have signed a memorandum of understanding (MOU) to facilitate an increase in access to hybrid and fully electric propulsion and power solutions expertise throu

about 5 years ago
Kentech CEO John Gilley
Business Developments & Projects

Kentech to buy SNC-Lavalin’s oil and gas business in bid to address energy transition

Kentech has made a move to buy SNC-Lavalin’s oil and gas business in an effort to accelerate its growth strategy and address the energy transition.

about 5 years ago