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Business Developments & Projects

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Transocean Norge; Source: Transocean
Business Developments & Projects

Partners in Norwegian Sea gas discovery mulling over tie-back to existing infrastructure

Wintershall Dea has undertaken appraisal activities with one of Transocean’s rigs at a gas discovery in the Norwegian Sea, 270 kilometers north of Kristiansund, off the coast of Norway.

about 1 year ago
Aerial view of a processing plant
Business Developments & Projects

Angolan LNG enriching SEFE’s energy mix

Germany’s Securing Energy for Europe (SEFE) has signed an agreement for the supply of liquefied natural gas (LNG) with Angola LNG, a joint venture (JV) between Chevron, Azule Energy – formed by BP and Eni – Sonangol, and TotalEnergies.

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about 1 year ago
VTTI gauging interest in ammonia storage and cracking capacity at Rotterdam and Antwerp terminals
Business Developments & Projects

VTTI gauging interest in ammonia storage and cracking capacity at Rotterdam and Antwerp terminals

The Netherlands-based energy infrastructure firm VTTI has launched an open season for ammonia storage and ammonia cracking capacity at its terminals in Rotterdam and Antwerp.

about 1 year ago
UK's National Subsea Centre bags grant to develop decommissioning AI-demonstrator
Business Developments & Projects

UK’s National Subsea Centre bags grant to develop decommissioning AI-demonstrator

The UK’s National Subsea Centre (NSC) and PlanSea, a spin-out company from Robert Gordon University (RGU), have secured a grant to develop a subsea decommissioning optimization software demonstrator with artificial intelligence (AI) technology. The partners, which have collaborated for many years to

about 1 year ago
Image of the MARMOK-A-5 prototype wave energy device
Business Developments & Projects

Wave energy prototype moves closer to offshore deployment at BiMEP

Spain-based multi-national architecture and engineering consultancy IDOM is progressing toward the offshore deployment of its wave energy prototype next summer at the Biscay Marine Energy Platform (BiMEP), as part of Phase 3 of the EuropeWave project. The project unveiled reaching several milestones

about 1 year ago
Agbami field; Source: Equinor
Business Developments & Projects

Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement

Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission.

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Business Developments & Projects

US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.

about 1 year ago
ABB to power NKT's high-voltage offshore cable factory in Sweden
Business Developments & Projects

ABB to power NKT’s Swedish high-voltage offshore cable factory

Denmark-headquartered power cable manufacturer and installation firm NKT has appointed ABB to electrify its high-voltage submarine power cable factory in Karlskrona, Sweden. To remind, on the back of a record order backlog and strong market outlook, NKT announced investments in a new cable-laying ve

about 1 year ago
CMB.TECH offloads three Suezmaxes on fleet rejuvenation quest
Business Developments & Projects

CMB.TECH offloads three Suezmaxes on fleet rejuvenation quest

As part of its fleet rejuvenation agenda, Belgium-based shipowner CMB.TECH has sold three of its Suezmax tankers for nearly $120 million.

about 1 year ago
VARD delivers PSV-turned-CLV to Canadian owner
Business Developments & Projects

VARD hands over PSV-turned-CLV to Canadian owner

Norway’s VARD has delivered the cable-laying vessel (CLV) it had converted from a platform supplier (PSV) to I.T. International Telecom Marine (IT), a Canadian company active in the offshore oil & gas and energy sectors. The vessel was built at Vard Brattvaag and delivered to Volstad Maritime in 200

about 1 year ago
A vessel at berth
Business Developments & Projects

With new offshore decom roadmap in place, Australia steps up collaboration with UK

The United Kingdom and Australia have inked a partnership agreement to advance offshore oil and gas decommissioning expertise and capabilities in both countries.

about 1 year ago
Vertom’s seventh diesel-electric vessel launched at Dutch shipyard
Business Developments & Projects

Vertom’s seventh diesel-electric vessel launched at Dutch shipyard

Dutch Thecla Bodewes Shipyards has launched the seventh diesel-electric dry bulk vessel built for compatriot short-sea shipping company Vertom Group.

about 1 year ago
UK firm advances large-scale natural gas and hydrogen storage project
Business Developments & Projects

UK firm advances large-scale natural gas and hydrogen storage project

EnergyPathways has selected Wood as the lead engineering partner for the Marram Energy Storage Hub (MESH) project, a large-scale natural gas and green hydrogen storage facility in the UK Irish Sea.

about 1 year ago
Chinese company delivers submarine cable installation in the Balkans (Video)
Business Developments & Projects

Chinese firm delivers ‘historic’ submarine cable installation project in the Balkans (Video)

China’s ZTT Submarine Cable & System has delivered what it says is Croatia’s first submarine cable installation in over four decades, a project described as a historic and ESG-focused milestone as it aims to modernize the country’s energy system. For the Cortia Submarine Cable Project, ZTT delivered

about 1 year ago