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Business Developments & Projects

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GTT lands tank design deal for new TotalEnergies-chartered LNG bunkering vessel
Business Developments & Projects

GTT lands tank design deal for new TotalEnergies-chartered LNG bunkering vessel

French technological containment specialist Gaztransport & Technigaz (GTT) has secured a new tank design order from Chinese shipyard Hudong-Zhonghua for a new LNG bunkering vessel being built for Ondimar Transportes Marítimos, a company of Spanish Ibaizabal Group. The order for the tank design of th

about 2 years ago
'First-of-its-kind' open-access CO2 storage concept gets €225 million EU support
Business Developments & Projects
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‘First-of-its-kind’ open-access CO2 storage concept gets €225 million EU support

UK’s energy services provider Altera Infrastructure and oil and gas company Harbour Energy have secured up to €225 million in grant funding from the EU Innovation Fund for what is said to be the first-of-its-kind large-scale solution for CO2 sequestration using shared, flexible offshore infrastructu

about 2 years ago
Trafigura forms joint venture company with Spanish oil operator
Business Developments & Projects

Trafigura forms joint venture company with Spanish oil operator

Global commodity trading group Trafigura and oil operator Meroil S.A. have created a joint venture company that includes storage infrastructure for biofuels within the port of Barcelona. Following Trafigura’s acquisition of 50% of the shares in Meroil Tank S.L. from Meroil for an undisclosed sum, Me

about 2 years ago
Ocean Onyx semi-submersible rig; Source: Noble
Business Developments & Projects

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 2 years ago
Hydrogen, maritime projects among winners of €4.8 billion EU grant
Business Developments & Projects

Hydrogen, maritime projects among winners of €4.8 billion EU grant

The European Commission has selected 85 net-zero projects, including those involving hydrogen and maritime, to receive €4.8 billion in grants from the Innovation Fund.

about 2 years ago
Sleipner field in North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor
Business Developments & Projects

Update: North Sea platform still offline after smoke incident

Equinor has confirmed that the production at an unmanned production platform on a gas field in the North Sea offshore Norway remains shut in, following the appearance of smoke, with no impact on committed gas exports currently anticipated.

about 2 years ago
Island Innovator rig; Source: Island Drilling
Business Developments & Projects

Island Drilling rig makes a stop at shipyard in Las Palmas

Canarship has confirmed the arrival of a semi-submersible rig to the Port of Las Palmas. This rig is owned by Norway’s Island Drilling.

about 2 years ago
RVO TGS Doordewind
Business Developments & Projects

TGS completes soil survey for Doordewind offshore wind zone

TGS has carried out a three-dimensional Ultra High-Resolution Seismic (3D UHRS) soil survey in the Doordewind Wind Farm Zone in the Netherlands. Commissioned by the Netherlands Enterprise Agency (RVO), the 3D UHRS soil survey was conducted in the North Sea for the first time from mid-June to the end

about 2 years ago
Smart Green Shipping
Business Developments & Projects

Smart Green Shipping secures $1.3 million funding injection to decarbonize shipping with wind-assisted technology

British renewable energy business Drax Group and compatriot systems design house Smart Green Shipping (SGS) have united efforts to develop and put into use ecologically responsible wind-assisted ‘FastRig’ technology, all with the aim of positively contributing to the decarbonization of the country’s

about 2 years ago
Nel secures up to €135 million for industrialization of its electrolyzer technology
Business Developments & Projects

Nel secures up to €135 million for industrialization of its electrolyzer technology

Nel Hydrogen Electrolyser has been awarded a grant from the EU Innovation Fund of up to €135 million for the industrialization of its next-generation pressurized alkaline technology.

about 2 years ago
The Marine Energy All-Party Parliamentary Group (APPG) has been relaunched under the new UK Parliament, with Orkney and Shetland member of parliament (MP) Alistair Carmichael as chair.
Business Developments & Projects

UK marine energy parliamentary group relaunches to drive offshore renewables growth

The Marine Energy All-Party Parliamentary Group (APPG) has been relaunched under the new UK Parliament, with Orkney and Shetland member of parliament (MP) Alistair Carmichael as chair. Carmichael is joined by Llinos Medi MP, Harriet Cross MP, and Torcuil Crichton MP as officers, representing a cros

about 2 years ago
Rendering of Balder area in North Sea; Source: Vår Energi
Business Developments & Projects

Six-well North Sea drilling campaign with $690 million price tag coming up next year to unleash more high-value barrels

Vår Energi, together with its partner, Kistos Energy, has greenlighted a final investment decision (FID) for a multi-well project, which aims to develop the next stage of a field life extension project in the North Sea off the coast of Norway.

about 2 years ago
Green light for development of Germany-wide hydrogen core network
Business Developments & Projects

Green light for development of Germany-wide hydrogen core network

The Federal Network Agency (BNetzA) has approved the construction of the Germany-wide hydrogen core network, expected to be created by 2032.

about 2 years ago
Sleipner assets; Source: Øyvind Gravås and Bo B. Randulff/Equinor
Business Developments & Projects

Smoke incident leads to gas production shutdown at North Sea platform

Equinor has confirmed the appearance of smoke at an unmanned production platform deployed at a gas field in the North Sea off the coast of Norway. As a result, the production was interrupted to carry out the required checks.

about 2 years ago