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Business Developments & Projects

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Seatrium
Business Developments & Projects

Seatrium secures $400 million sustainability-linked credit facility

Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB).

about 1 year ago
C40 Cities
Business Developments & Projects

Maersk-backed Prometheus ready to bring sustainable e-fuels to the market

Prometheus Fuels (Prometheus), a US-based producer of low-cost, carbon-neutral fuels backed by Denmark’s shipping giant A.P. Moller – Maersk, has reached commercial readiness for its proprietary e-fuels manufacturing system. As disclosed, the company’s Titan Forge Alpha prototype has ‘successfully’

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about 1 year ago
Heidrun field on Haltenbanken in the Norwegian Sea; Source: Harald Pettersen/Equinor
Business Developments & Projects

Equinor knocks on TechnipFMC’s door for North Sea asset extension

Norwegian state-owned energy giant Equinor has selected the UK-headquartered energy technology provider TechnipFMC for work on its project in the Norwegian North Sea.

about 1 year ago
First for Petrobras as it puts Strohm’s thermoplastic composite pipe to test
Business Developments & Projects

First for Petrobras as it puts Strohm’s thermoplastic composite pipe to test

Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the first field trials with Brazilian oil & gas giant Petrobras for its TCP design, performed at water depths of approximately 1,500 meters offshore Brazil. According to Strohm, the testing and engineering assessments were conduc

about 1 year ago
TEAMER expands technical support with subsea firm
Business Developments & Projects

TEAMER expands technical support with subsea firm

Texas-based 3U TECHNOLOGIES has been added to the U.S. Testing Expertise and Access for Marine Energy Research (TEAMER) facility network. According to TEAMER, the company name refers to “Underground Underwater Under-Ice,” reflecting its capability to support a wide range of subsea numerical modellin

about 1 year ago
FSRU Energos Winter; Source: Energos Infrastructure
Business Developments & Projects

Egypt weeks away from upping its security of gas supply with another FSRU

A floating storage and regasification unit (FSRU), owned by Energos Infrastructure, formed by a joint venture between the U.S. energy infrastructure player New Fortress Energy (NFE) and Apollo Global Management, has secured a multi-year deal for deployment at a liquefied natural gas (LNG) import ter

about 1 year ago
A FSRU at sea
Business Developments & Projects

Four years in the making: Africa’s first LNG-to-power project up and running off Senegal

A vessel from the fleet of Türkiye’s Karpowership has started producing energy using liquefied natural gas (LNG) off the coast of Senegal.

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

Another ‘major breakthrough’ for Asian giant as new oil & gas pay zone comes to light

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has expanded its discovered oil and gas reserves with a new hydrocarbon find in the Beibu Gulf of the South China Sea.

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

Interview on America’s tax overhaul: Investment ‘catalyst’ across energy spheres but deadlines spell potential trouble for wind & solar

The latest action the United States (U.S.) has taken to unlock its energy dominance, encapsulated in a new tax reconciliation bill, which President Donald J. Trump signed into law, has set the stage for an uptick in domestic energy to drive down costs by inciting new investments across all energy do

about 1 year ago
Asuka III
Business Developments & Projects

Japan’s ‘largest-ever’ cruise ship, LNG-fueled Asuka III, christened in Yokohama

Japan’s ‘largest cruise ship ever’, the liquefied natural gas (LNG)-powered ASUKA III, has officially been named at its home port of Yokohama. According to NYK Cruises, the owner and operator of the newly built vessel, the 52,265 GT Asuka III, considered to be the first passenger ship built under th

about 1 year ago
worker looking at tidal turbines
Business Developments & Projects

UK firm secures almost $5M for Morlais tidal energy demonstrator build

UK-based Inyanga Marine Energy Group has raised £3.7 million (approximately $5 million) in fresh investment to support the build of a tidal energy demonstrator for the Morlais project in Wales. According to Inyanga, the funding round includes backing from the British Business Bank via The FSE Group

about 1 year ago
Australia’s Energys gets green light for hydrogen plant in Victoria
Business Developments & Projects

Australia’s Energys gets green light for hydrogen plant in Victoria

Australia’s hydrogen company Energys has received planning approval for its green hydrogen production facility in Hastings, Victoria.

about 1 year ago
$23M investment to back Amogy’s ammonia-to-power expansion into Asian markets
Business Developments & Projects

$23M investment to back Amogy’s ammonia-to-power expansion into Asian markets

U.S.-based ammonia-to-power solutions provider Amogy has secured an additional $23 million in venture financing to advance development of its maritime products and support expansion into Asian markets.

about 1 year ago
Fluxys' Zeebrugge LNG terminal; Source: Sacyr Proyecta
Business Developments & Projects

Spanish player picks up work on European LNG terminal as pursuit of net-zero ops intensifies

Belgian energy infrastructure company Fluxys has hired Madrid-headquartered Sacyr Proyecta to take care of front-end engineering design (FEED) services related to the development of a CO2 emissions reduction project at its liquified natural gas (LNG) terminal in Zeebrugge, Belgium.

about 1 year ago