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Business Developments & Projects

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Several man sitting behind a desk onstage signing contracts
Business Developments & Projects

Petrovietnam inks PSC for block offshore Vietnam

The state-owned Vietnam National Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for a block in Vietnam’s Cuu Long basin.

about 1 year ago
Scots submit marine cable license application for 'crucial component' of large investment program
Business Developments & Projects

Scots submit marine cable license application for ‘crucial component’ of large investment program

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After two years of development, offshore surveys and public engagement, Scottish transmission system operator (TSO) SSEN Transmission has submitted a marine cable license application for the Spittal-Peterhead subsea link in Scotland. The 2 GW bi-pole, 525 kV high voltage direct current (HVDC) link w

about 1 year ago
Danish project set to measure sail-assisted emission reductions in shipping
Business Developments & Projects

Danish project set to measure sail-assisted emission reductions in shipping

Danish ship owner and operator Uni-Tankers has equipped its vessel Jutlandia Swan with VentoFoils wingsails to collect new real-life data that will provide insights into the effect of wind-assisted sails on commercial vessels.

about 1 year ago
Noble Viking drillship; Source: Noble Corporation
Business Developments & Projects

Noble rig embarks on drilling gig at gas project in Philippines

A drillship, owned by Noble Corporation, a U.S.-based offshore drilling player, has started its drilling campaign at a field off the coast of the Philippines in Southeast Asia.

about 1 year ago
Fluxys and ENAP target hydrogen infrastructure opportunities in Chile’s Magallanes
Business Developments & Projects

Fluxys and ENAP target hydrogen infrastructure opportunities in Chile’s Magallanes

Fluxys Chile and ENAP have signed a memorandum of understanding (MoU) to deepen their strategic cooperation and jointly explore infrastructure opportunities for hydrogen and derivatives in Chile’s southernmost region, Magallanes.

about 1 year ago
Emirati subsea company further bolsters fleet with two UK-made ROVs
Business Developments & Projects

Emirati subsea company further bolsters fleet with two UK-made ROVs

Shortly following the addition of a new Saab remotely operated vehicle (ROV) to its fleet, the UAE-based CCC (Underwater Engineering) has contracted the UK’s Forum Energy Technologies (FET) for the delivery of two work-class ROVs. The FET Perry XLX-C 3,000-meter systems will be used for construction

about 1 year ago
Bahrain LNG terminal
Business Developments & Projects

Strait of Hormuz’s LNG flow role faces uncertainty amid tensions

The U.S. Energy Information Administration (EIA) has reported that the Strait of Hormuz, the sea channel linking the Persian Gulf with the Gulf of Oman and the Arabian Sea, has facilitated the transport of one-fifth of global liquefied natural gas (LNG) exports.

about 1 year ago
Geotechnical survey coming up at Dogger Bank D offshore wind site
Business Developments & Projects

Geotechnical survey coming up at Dogger Bank D offshore wind site

A short geotechnical survey is scheduled to begin at the Dogger Bank D offshore wind farm site in the UK this month. The offshore supply vessel (OSV) Connector will be deployed to carry out the work within the array area and the export cable route. The works will be performed in a single campaign, e

about 1 year ago
Maritime Partners enters ferry sector with SWITCH Maritime hydrogen deal
Business Developments & Projects

Maritime Partners enters ferry sector with SWITCH Maritime hydrogen deal

Maritime Partners has closed a sale-leaseback refinancing of the hydrogen-powered passenger ferry Sea Change, developed by SWITCH Maritime, marking the company’s entry into the ferry sector.

about 1 year ago
FPSO Energean Power; Source: Energean
Business Developments & Projects

Israel-Iran truce sends signal for Mediterranean gas story to continue with FPSO restart

As the Israel-Iran ceasefire seems to be holding its ground, the UK-based oil and gas player Energean has been given the go-ahead to restart production from a floating production, storage, and offloading (FPSO) vessel, which is working on a natural gas field off the coast of Israel, enabling the cou

about 1 year ago
biofuels
Business Developments & Projects

Global organizations unite to step up maritime electrification game

Looking to accelerate the electrification of maritime transport, four associations have formed the Global Alliance for Maritime Electrification (GAME), with an initial focus on inland, nearshore, and commercial vessels.

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Business Developments & Projects

Norwegian player’s oil & gas search hits a dry patch

Aker BP has come up empty after drilling an exploration well in the Norwegian Sea off the coast of Norway, with a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago
tests of an array of floaters of offshore solar in the Delta Flume. Source: Deltares
Business Developments & Projects

New offshore solar testing results to pave way for certification standards

A new white paper released under the North Sea Two (NS2) project outlines important findings from full-scale testing of floating offshore solar systems under simulated North Sea wave conditions. Conducted in the Deltares Delta Flume, the tests were a joint effort by Oceans of Energy, Deltares, TNO,

about 1 year ago
HydePoint and partners launch new hydrogen project in Norway
Business Developments & Projects

HydePoint and partners launch new hydrogen project in Norway

Norwegian hydrogen systems developer HydePoint has partnered with compatriot Karmsund Hydrogen, owned by Norwegian Hydrogen, Sigma, and Karmsund Group, to build a green hydrogen facility in Karmsund.

about 1 year ago