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Business Developments & Projects

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Oscilla Power Triton C
Business Developments & Projects

Oscilla Power eyes Indian waves

Oscilla Power said it is in planning stages of a demonstration of its 1MW Triton ocean wave energy system in Southern India. Specifically, this utility-scale project is adjacent to Vizhinjam International Seaport, near Thiruvanathapuram, in the state of Kerala. This region has been identified as hav

about 6 years ago
Energy Transfer evaluating Lake Charles LNG EPC bids
Business Developments & Projects

Energy Transfer evaluating Lake Charles LNG EPC bids

US company Energy Transfer is in the process of evaluating bids for the engineering, procurement and construction contract on its proposed Lake Charles LNG export facility. Lake Charles LNG has received commercial bids from EPC companies in response to a commercial tender issued in December last yea

about 6 years ago
Keppel OM Tuas Shipyard aerial view
Business Developments & Projects

Keppel lands new FPSO contracts with MODEC

Keppel Offshore & Marine (Keppel O&M) has through its subsidiaries in Singapore and Brazil has secured two contracts worth a combined value of about S$73 million ($52.4Mn) from MODEC.

about 6 years ago
P-77 in Buzios field; Source: Petrobras
Business Developments & Projects

Petrobras reaches new production record at Búzios field

Brazilian oil and gas company Petrobras has reached a production record on its operated Búzios field located in the Santos Basin pre-salt offshore Brazil.

about 6 years ago
NextDecade cuts one Rio Grande LNG train in optimization move
Business Developments & Projects

NextDecade cuts one Rio Grande LNG train in optimization move

US company NextDecade said on Monday it would ditch one train from its proposed Rio LNG export plant in Texas as part of an optimization move that includes slashing emissions. The original design for Rio Grande LNG included six trains each capable of producing 4.5 million tonnes per year. NextDecade

about 6 years ago
Petrobras halves the cost of post-salt well construction
Business Developments & Projects

Petrobras halves the cost of post-salt well construction

Brazilian oil and gas company Petrobras has managed to halve the costs of the post-salt well construction at its Golfinho field offshore Brazil.

about 6 years ago
solar power
Business Developments & Projects

Port of Hamburg becomes more sustainable with solar-powered mooring systems

A newly-built berthing area in the Elbe River is powered by nineteen solar panels. The panels provide power to quick-release mooring hook units with integrated capstans. Following

about 6 years ago
Woodside takes $4.3 bln impairment hit
Business Developments & Projects

Woodside takes $4.3 bln impairment hit

Australian LNG major Woodside is bracing for a $4.37 billion impairments hit following an asset value review.

about 6 years ago
Fugro-Picks-Sonardyne-Tech-for-US-Offshore-Wind-Work
Business Developments & Projects

Fugro picks Sonardyne tech for US offshore wind work

Fugro has selected underwater positioning technology from Sonardyne Inc. for its upcoming activities at offshore wind projects in the U.S. Fugro ordered three Sonardyne Mini-Ranger 2 Ultra-Short BaseLine (USBL) underwater positioning systems to support shallow-water site characterization surveys and

about 6 years ago
AW-Energy new base in Finland
Business Developments & Projects

AW-Energy moves to new base in Finland

Finnish wave energy tech player AW-Energy Oy (AWE) drives forward opportunity and innovation with a new facility in Vantaa, Finland. The move to larger premises provides scope for AWE’s growth ambitions, and demonstrates the company’s commitment to wave energy. Christopher Ridgewell, CEO of AW-Energ

about 6 years ago
Aker BP's Hod development illustration
Business Developments & Projects

Record output lifts Aker BP profit

Aker BP booked a higher profit in 2Q 2020 on the back of record-high production despite lower income impacted by low oil prices and the coronavirus pandemic.

about 6 years ago
Methanol
Business Developments & Projects

Methanol Institute joins China’s study of methanol as marine fuel

The Methanol Institute (MI) has joined a study led by the China Waterborne Transportation Research Institute (CWTRI), the think tank of the Chinese Ministry of Transport, which will consider the technical and operational requirements for the use of methanol as a marine fuel.

about 6 years ago
Gazprom goes into red
Business Developments & Projects

Russia’s Gazprom hit hard in first quarter

Russian gas giant Gazprom posted a net loss in the first quarter of this year mainly due to lower prices and demand in Europe, and a weak rouble. Gazprom reported a net loss of 116.2 billion Russian roubles ($1.6 billion) in the January-March period. This compares to a profit of 535.9 billion rouble

about 6 years ago
Brage platform
Business Developments & Projects

Head Energy wins Brage extension with Wintershall Dea

Head Energy has been awarded an extension of a frame agreement with Wintershall Dea concerning modifications at the Brage platform offshore Norway.

about 6 years ago
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