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Business Developments & Projects

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Illustration; Source: Conrad Asia Energy
Business Developments & Projects

Closing fossil fuels chapter to focus on renewables: New timeline for Asian firm’s gas field sale

Coro Duyung, a subsidiary of Southeast Asia’s Coro Energy, has confirmed a change in the end date of its fossil fuels chapter related to the divestment of its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia, which will enable it to direct its attention to its renewa

about 1 year ago
Wallenius Marine
Business Developments & Projects

ABB, Wallenius Marine establish joint venture for sustainable fleet support

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Swedish-Swiss technology company ABB and Sweden’s ship design and ship management company Wallenius Marine have founded a joint venture (JV) that would seek to offer “innovative” fleet support services aimed at more sustainable and ‘cost-effective’ operations. According to Wallenius Marine, the join

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

Equinor hits a dry patch in Barents Sea prospect

Norwegian state-owned oil and gas giant Equinor has found no commercial hydrocarbons in an exploration well in the Barents Sea, which was drilled with COSL Drilling Europe’s semi-submersible rig off the coast of Norway.

about 1 year ago
Multiple subsea robotics contracts with Petrobras bring $180 million to Oceaneering
Business Developments & Projects

Multiple subsea robotics contracts with Petrobras bring $180 million to Oceaneering

U.S. subsea engineering and applied technology firm Oceaneering International has secured multiple subsea robotics contracts with Brazilian state-owned energy giant Petrobras that have an anticipated aggregate revenue of approximately $180 million. Following a competitive tender, Oceaneering’s Brazi

about 1 year ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Equinor finds hydrocarbons at Norwegian Sea wildcat with Transocean rig

Norwegian state-owned energy giant Equinor has proven petroleum in a wildcat well offshore Norway using a rig from the fleet of Switzerland-based offshore drilling contractor Transocean.

about 1 year ago
West Vela drillship; Source: Seadrill
Business Developments & Projects

WoodMac deems recent US oil find as Gulf of America’s biggest discovery in eight years

In the aftermath of a recent black gold discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, Wood Mackenzie, an energy intelligence group, has provided its take on the significance of the new oil find, describing it as the region’s biggest discovery since 2017.

about 1 year ago
Illustration; Credit: Morten Berentsen/NOD
Business Developments & Projects

Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production

As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the upcoming years.

about 1 year ago
FSRU LNG Croatia
Business Developments & Projects

Croatia’s FSRU heads to Türkiye for regasification capacity upgrade

The floating storage regasification unit (FSRU) serving Croatia’s liquefied natural gas (LNG) terminal at the island of Krk has left for Türkiye, where its capacity is set to get a boost thanks to the installation of an additional component.

about 1 year ago
DOF’s CSV to begin operating in Asia Pacific in January 2026
Business Developments & Projects

DOF’s CSV to begin operating in Asia Pacific in January 2026

Norwegian vessel owner DOF Group has secured a long-term commitment in the Asia Pacific region (APAC) for a construction support vessel (CSV) designed for subsea construction, inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services up to 3,000 meters of depth. The contr

about 1 year ago
An illustration of two plants on the coast
Business Developments & Projects

South Texas LNG project cleared for completion in late 2029

The U.S. Federal Energy Regulatory Commission has reissued the final order authorizing the construction and operation of the liquefied natural gas (LNG) project Texas LNG, a subsidiary of Glenfarne Energy Transition, proposes to build in the Port of Brownsville, Texas.

about 1 year ago
Green Volt Rovco
Business Developments & Projects

OWC wins cable engineering contract for Scottish floating wind farm

The renewable energy consultancy OWC has been awarded a contract to provide cable engineering support to the Green Volt floating offshore wind farm in Scotland, developed by Flotation Energy and Vårgrønn. OWC’s scope of work includes cable engineering for both offshore and onshore cables. The subsea

about 1 year ago
Illustration; Source: Rystad Energy
Business Developments & Projects

Potential imbalance in oil demand and supply on the cards

With data showing the availability of proven reserves for only 14 years of current production, Rystad Energy, an energy market intelligence group, has pointed out that in a scenario where oil demand is on the rise, supply may struggle even with high prices, but if the energy transition gets a boost,

about 1 year ago
Noria Energy deploys its AquaPhi(R) solar tracker on a floating solar PV installation in Colorado
Business Developments & Projects

First US floating solar tracker under construction in Colorado

U.S.-based solar developer Noria Energy has begun construction of a tracker for a 50 kW floating solar pilot project at Fairmount Reservoir in Golden, Colorado. The Aurea Solar project, developed for the Consolidated Mutual Water Company (CMWC), will power onsite pumps that regulate the water supply

about 1 year ago
Port of Hamburg
Business Developments & Projects

Methanol and LNG bunkering approved at Hamburg’s Waltershofer Hafen

The Port of Hamburg’s Waltershofer Hafen has been given the rubber stamp of approval for ship-to-ship (STS) bunkering of methanol and liquefied natural gas (LNG), marking another ‘milestone’ for the port’s efforts oriented toward the broader utilization of eco-friendly fuels. As disclosed, vessels a

about 1 year ago