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Business Developments & Projects

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UK: Cable route construction starts on subsea green electricity superhighway
Business Developments & Projects

Cable route construction starts on UK’s subsea green electricity superhighway

Construction has started on the cable route for Eastern Green Link 2 (EGL2), a subsea link said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country. Developed by a joint venture of SSEN Transmission and National Grid El

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

$19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue

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Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global

about 1 year ago
Boskalis Baltica 2
Business Developments & Projects

Boskalis kicks off boulder clearance work offshore Poland

The next stage of seabed preparation for the construction of the 1.5 GW Baltica 2 offshore wind farm has begun with the arrival of Boskalis’ BOKA Falcon vessel in Polish waters. The task of BOKA Falcon, equipped with two plows, T-Rex and Megalodon, will be to remove large boulders along the planned

about 1 year ago
Rendering of the proposed LNG terminal; Source: LNG Alliance
Business Developments & Projects

Mexico’s large-scale LNG export terminal strikes another 20-year offtake deal

Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance, has landed a definitive multi-year sales and purchase agreement (SPA) with Gunvor Singapore, an independent commodity trading house, for the supply of liquefied natural gas (LNG) from its liquefaction fa

about 1 year ago
Step forward for Eni’s co-control stake sale in CCUS business
Business Developments & Projects

Step forward for Eni’s co-control stake sale in CCUS business

Global Infrastructure Partners (GIP), an infrastructure investor part of BlackRock, has entered into a definitive agreement with Italy’s energy giant Eni for the acquisition of a co-control 49.99% interest in the latter’s carbon capture, utilization, and storage (CCUS) business. The partners in May

about 1 year ago
Al Zuwair LNG vessel; Source: NYK
Business Developments & Projects

QatarEnergy’s LNG carrier fleet becomes one vessel richer

A joint venture encompassing Japanese shipping companies NYK and Kawasaki Kisen Kaisha (K Line), Malaysia’s energy-related maritime services provider MISC, and China LNG Shipping (Holdings) Limited (CLNG) has taken delivery of a new liquefied natural gas (LNG) carrier built for QatarEnergy, as part

about 1 year ago
UK subsea technology and services firm appoints new CEO after a decade
Business Developments & Projects

UK subsea technology and services firm appoints new CEO after a decade

UK-based subsea technology and services company SMD has appointed a new chief executive officer (CEO), after the previous one spent a decade in the role. The new CEO, Kenny Liu, is succeeding Julian Zhu, who led the establishment of SMD’s innovation division and oversaw the expansion of UK facilitie

about 1 year ago
Fleetzero taps Glosten to design ‘world’s longest-range’ hybrid electric vessel
Business Developments & Projects

Fleetzero taps Glosten to design ‘world’s longest-range’ hybrid electric vessel

Modular marine batteries developer and maker Fleetzero has commissioned naval architecture company Glosten to design what is expected to be the world’s longest-range hybrid electric vessel.

about 1 year ago
Floating solar project in Valencia reaches first milestones
Business Developments & Projects

Keel laid for BlueNewables floating solar platform in Spain

Spain-based Astilleros San Enrique, part of Grupo Marina Meridional, has reached a new stage in the construction of the BlueNewables floating solar project with the keel laying of the first of two platforms. The work is taking place at the former Factorias Vulcano site in Vigo. According to local me

about 1 year ago
MOL and ITOCHU to collaborate on ammonia bunkering demonstration in Singapore
Business Developments & Projects

MOL and ITOCHU to collaborate on ammonia bunkering demonstration in Singapore

Japanese shipping major Mitsui O.S.K. Lines (MOL) and compatriot trading company ITOCHU Corporation have concluded a joint development agreement (JDA) for ammonia bunkering demonstrations.

about 1 year ago
SBM Offshore's FPSO One Guyana at ExxonMobil-operated Yellowtail; Source: Saipem
Business Developments & Projects

Saipem sheds light on its part in early start-up of ExxonMobil’s oil project offshore Guyana

Saipem has landed a helping hand to U.S.-headquartered ExxonMobil to bring online its fourth oil project on the Stabroek block off the coast of Guyana.

about 1 year ago
C40 Cities
Business Developments & Projects

Swire Shipping links up with Achilles Maritime Netowork

Singapore-based shipping company Swire Shipping has become an official member of the Achilles Maritime Network, a digital platform developed by the UK-based supply chain risk management solutions provider Achilles. As disclosed, Swire Shipping’s joining the collaborative industry initiative now brin

about 1 year ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business Developments & Projects

Australia’s upstream industry stepping up gas game with reform proposals

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has come up with a set of proposals aimed at boosting Australia’s natural gas arsenal.

about 1 year ago
FPSO Peregrino; Credit: Felipe Torres/Equinor
Business Developments & Projects

Brazilian FPSO weeks away from restart following oil production shutdown

Norway’s state-owned energy giant Equinor has switched off oil production at its largest operated field outside the European country.

about 1 year ago