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Business Developments & Projects

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A jack-up rig offshore
Business Developments & Projects

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 2 years ago
A large group of people standing in front of a vessel
Business Developments & Projects

Greek operator names LNG carrier

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Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 2 years ago
Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds
Business Developments & Projects

Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds

Compared to a Newcastlemax bulk carrier powered by conventional very low sulfur fuel oil (VLSFO) and one powered by green ammonia, a nuclear-powered Newcastlemax bulk carrier could sail longer, faster, and cheaper, without producing greenhouse gas (GHG) emissions, a new study found. Amsterdam-based

about 2 years ago
FSRU Toscana returning to Livorno; Source: OLT Offshore LNG Toscana
Business Developments & Projects

With Italian FSRU en route to its post, tender goes up to secure LNG needed for cool-down and gas-up ops

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has kicked off the required procedure to bring its floating storage and regasification unit (FSRU) back online since maintenance activities have been wrapped up and the u

about 2 years ago
MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg
Business Developments & Projects

MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg

Electrolysis specialist Quest One, a subsidiary of MAN Energy Solutions (MAN ES), has opened a new “gigahub” for the serial and automated production of electrolysis stacks in Hamburg, Germany.

about 2 years ago
Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

UK study maps out complex tidal flows around ‘world’s most powerful tidal turbine’

A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida

about 2 years ago
NKT begins expansion of Danish power cable production
Business Developments & Projects

NKT begins expansion of Danish power cable factory

Denmark-headquartered power cable manufacturer and installation company NKT has begun construction to expand its cable factory in Asnaes to increase medium-voltage power cable production capacity to support growing demand across Europe. NKT held the groundbreaking ceremony for the expansion of the c

about 2 years ago
A large vessel at sea
Business Developments & Projects

Mammoth floating power plant calls at Spanish port

A vessel owned by Turkey’s floating power plant company Karpowership has made a planned seven-day stop to undergo a technical inspection in Las Palmas, Canary Islands while en route to the company’s shipyard.

about 2 years ago
Van Oord completes FSRU jetty at Wilhelmshaven in Germany; Source: Van Oord
Business Developments & Projects

Van Oord puts 600-meter-long FSRU jetty together for Germany’s LNG terminal

Van Oord has assembled a floating storage and regasification unit (FSRU) jetty at Wilhelmshaven, Germany for Deutsche Energy Terminal (DET), the German state-owned operator of four terminals.

about 2 years ago
NoviOcean power plant that combines wave, wind and solar energy.
Business Developments & Projects

Swedish developer seeks backing to scale wave, wind, and solar hybrid technology (Video)

Swedish renewable energy firm Novige, which stands behind the hybrid wave, wind, and solar converter NoviOcean, is on the lookout for funding to scale its operations and integrate the technology into offshore wind farms. After securing the SEK 1 million (around $99,210) Startup4Climate award for the

about 2 years ago
EU issues terms and conditions for second hydrogen bank auction
Business Developments & Projects

EU issues terms and conditions for second hydrogen bank auction

The European Commission (EC) has published the final terms and conditions (T&Cs) for its second auction for the production of renewable hydrogen (IF24 Auction), via the Innovation Fund.

about 2 years ago
New Norwegian partnership set up to digitalize North Sea oil & gas area
Business Developments & Projects

New Norwegian partnership set up to digitalize North Sea oil & gas area

Norwegian oil and gas player Aker BP and compatriot energy data and intelligence company TGS have expanded their ongoing cooperation with a strategic partnership aimed at digitalizing the Yggdrasil area in the North Sea. As part of the new agreement, Aker BP will integrate TGS’ Prediktor Data Gatewa

about 2 years ago
Troll A platform; Credit: Øyvind Gravås and Even Kleppa/Equinor
Business Developments & Projects

Aker Solutions ready for work on another chapter in giant North Sea gas project’s story

Aker Solutions has been hired for topside modification assignment at a project that aims to bolster gas production from a giant oil and natural gas field in the northern part of the North Sea, which Equinor operates on the Norwegian Continental Shelf (NCS).

about 2 years ago
BREB
Business Developments & Projects

BREB gears up to deploy wind-powered methanol-ready MPP fleet in 2025

German transporation company BREB is preparing to welcome four wind-powered methanol-ready multipurpose dry cargo vessels in 2025.

about 2 years ago