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Business Developments & Projects

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Solar in Seychelles
Business Developments & Projects

Seychelles’ ‘first utility-scale’ floating solar project secures financing

French renewable energy company Qair has secured a $5.7 million (approximately € 4.8 million) senior debt facility from the Facility for Energy Inclusion (FEI), managed by Cygnum Capital, to finance the development, construction, and operation of a 5.8 MWp floating solar plant in Providence Lagoon o

about 1 year ago
Study highlights ‘major climate benefits’ of EverWind’s green fuels project
Business Developments & Projects

Study highlights ‘major climate benefits’ of EverWind’s green fuels project

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Point Tupper Green Fuels Project, a green hydrogen and ammonia project developed by EverWind Fuels, could deliver ‘major global climate benefits’ and ‘significantly’ reduce greenhouse gas (GHG) emissions, according to new analysis by Dunsky Energy + Climate Advisors.

about 1 year ago
USV in action for TotalEnergies offshore Norway
Business Developments & Projects

USV in action for TotalEnergies offshore Norway

Norway’s Reach Subsea has performed a subsea inspection campaign at TotalEnergies’ fields on the Norwegian Continental Shelf (NCS) using its Reach Remote 1 uncrewed surface vessel (USV). The annual inspection of subsea production systems and Xmas trees also included integrity checks, assessment of a

about 1 year ago
Petrobras hands out $640M in ROV support vessel contracts to compatriot firm
Business Developments & Projects

Petrobras hands out $640M in ROV support vessel contracts to compatriot firm

Brazil’s state-owned oil & gas giant Petrobras has awarded compatriot OceanPact with four new contracts worth approximately BRL 3.2 billion (around $640 million) for the charter of remotely operated vehicle (ROV) support vessels (RSVs). Founded in 2007 in Rio de Janeiro, OceanPact offers services fo

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

US puts 30 new oil & gas lease sales on Gulf of America’s menu

The U.S. Department of the Interior (DOI) has unveiled an uptick in the oil and gas leasing schedule in the Gulf of America, formerly the U.S. Gulf of Mexico, which is said to strengthen the nation’s offshore energy dominance aspirations.

about 1 year ago
TS Lines orders four methanol-ready boxships in China
Business Developments & Projects

TS Lines orders four methanol-ready boxships in China

Taiwanese shipping player TS Lines has ordered four methanol-ready containerships at CSSC Hunagpu Wenchong, a subsidiary of China State Shipbuilding Corporation (CSSC).

about 1 year ago
Montara field FPSO
Business Developments & Projects

Initial well production exceeds expectations at Australian offshore oil field

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has revealed the results of initial flow testing at a well off the coast of Australia that achieved production rates significantly above expectations.

about 1 year ago
CMA CGM
Business Developments & Projects

EPS taps Chinese yard for 12+6 LNG dual-fuel boxships, with CMA CGM charter deal

China’s Fujian Mawei Shipbuilding has clinched an order for a dozen eco-friendly 1,800 TEU container vessels from Singapore-based shipowner Eastern Pacific Shipping (EPS), with an option for an additional six units. According to Greek shipbroker Intermodal, Fujian Mawei is set to construct at least

about 1 year ago
Argeo’s bankruptcy estate sells three ‘core’ technologies to Kongsberg Discovery
Business Developments & Projects

Argeo’s bankruptcy estate sells three ‘core’ technologies to Kongsberg Discovery

Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, is set to acquire active and passive electromagnetic sensing capabilities from Argeo’s bankruptcy estate. To remind, it was reported on July 7 that Norwegian subsea services provider Argeo and its Nor

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

US firm hits oil pay in Gulf of America with Seadrill rig

Houston-based energy player Talos Energy has made a new oil discovery in the Gulf of America, formerly the U.S. Gulf of Mexico, thanks to its drilling activities with a drillship owned by Seadrill, an offshore drilling contractor.

about 1 year ago
Imabari
Business Developments & Projects

ONE adds latest ammonia/methanol-ready containership to its roster

Singapore-based shipping company Ocean Network Express (ONE) has taken delivery of the next 13,900 TEU fit-for-the-future container vessel from Japan’s Imabari Shipbuilding. As disclosed, the vessel—christened One Sincerity—was constructed at Imabari’s Hiroshima Shipyard. It was handed over to its o

about 1 year ago
Inna Braverman and CY Huang explain the Eco Wave Power technology to Mr. Yu Zheng Wei Head of Taiwan's Energy Bureau, and Mrs. Wang Mei Hua, Taiwan's former Minister for Economic Affairs.
Business Developments & Projects

First commercial port site in Taiwan ready for wave energy pilot

Wave energy developer Eco Wave Power Global and its partner I-KE International Ocean Energy, a subsidiary of Lian Tat Company, have obtained the official land use tender from Suao Port Company for a wave energy pilot station in Taiwan. According to Eco Wave Power, this marks the first time a commerc

about 1 year ago
Foresea NS-42 (ODN-II) drillship will be used during the pre-operational assessment for drilling operations; Source: Petrobras
Business Developments & Projects

2012-built rig at designated spot: Petrobras sets the stage to secure go-ahead for drilling ops

Following the arrival of a drillship at its drill site, Brazil’s state-owned oil and gas giant Petrobras is getting ready to embark on the pre-operational assessment, as the final stage of the licensing process for drilling a deepwater well in Amapá.

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Business Developments & Projects

BP confirms multimillion-dollar deals for gas field expansion and terminal electrification

BP has corroborated the award of engineering and procurement support assignments to the SOCAR-KBR joint venture (JV), entailing KBR, a U.S.-headquartered science, technology, and engineering player, and Azerbaijan’s SOCAR.

about 1 year ago