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Business Developments & Projects

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A view of the seaside with rocks and a seagull in the foreground and an offshore platform in the background
Business Developments & Projects

‘Significant’ Southern North Sea acreage for Australian firm in UK’s licensing round

Hartshead Resources has received a letter of offer and license documentation for six new licenses covering ten blocks as part of the UK’s oil and gas licensing round awarded by the country’s regulator, the North Sea Transit Authority (NSTA).

about 2 years ago
BV approves Dalian Shipbuilding’s liquid ammonia bunkering vessel design
Business Developments & Projects

BV approves Dalian Shipbuilding’s liquid ammonia bunkering vessel design

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Dalian Shipbuilding has obtained approval in principle (AiP) from Bureau Veritas (BV) for its 30,000 cbm liquid ammonia bunkering vessel design.

about 2 years ago
Shearwater Geoservices to start 2025 in Ghana
Business Developments & Projects

Shearwater GeoServices to start 2025 in Ghana

Norwegian marine geoscience and technology company Shearwater GeoServices is set to commence a seismic monitoring project at the beginning of 2025 at a field offshore Ghana that was discovered in 2007. Shearwater Geoservices will perform a two-month 4D seismic survey at the Jubilee field, operated b

about 2 years ago
Gas TSOs conclude pre-feasibility study on Nordic-Baltic Hydrogen Corridor
Business Developments & Projects

Gas TSOs conclude pre-feasibility study on Nordic-Baltic Hydrogen Corridor

Gas transmission system operators (TSOs) of Finland, Estonia, Latvia, Lithuania, Poland and Germany have completed a pre-feasibility study on the Nordic-Baltic Hydrogen Corridor (NBHC).

about 2 years ago
Methanex seals $2.05 billion deal to buy OCI Global’s methanol business
Business Developments & Projects

Methanex seals $2.05 billion deal to buy OCI Global’s methanol business

Canadian company that supplies, distributes, and markets methanol worldwide Methanex Corporation has entered into a definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion.

about 2 years ago
Illustration; Source: Saipem
Business Developments & Projects

Saipem exploring nuclear tech as ‘new frontier’ in offshore oil & gas for emission-free energy

Saipem is pooling resources with the UK-based newcleo to throw nuclear technology into the offshore oil and gas operations mix and look into the development of floating nuclear-powered prototypes on a quest to achieve zero-emission energy.

about 2 years ago
CoreAll's video footage indicates Saipem's Scarabeo 8 semi-submersible rig participated in the CoDril trials with Aker BP in the Barents Sea; Image source: Var Energi
Business Developments & Projects

Oil & gas firm puts tripping-free tech forces to the test: Blazing new trails to shape coring and drilling innovations

The field trials off the coast of Norway aim to determine whether an innovative technology designed to solve core drilling’s tripping woes will live up to expectations.

about 2 years ago
Illustration; Credit: Morten Berentsen/NOD
Business Developments & Projects

21 oil & gas firms show ‘great faith’ in hydrocarbon exploration in Norwegian waters

21 companies have submitted offers for production licenses, as part of the award in pre-defined areas 2024 (APA 2024) licensing round, indicating their interest in further exploration activity on the Norwegian Continental Shelf (NCS).

about 2 years ago
ABB's package to optimize performance of NKT’s new cable-laying vessel
Business Developments & Projects

NKT hires ABB to optimize performance of newbuild cable-laying vessel

Danish power cable manufacturer and installation company NKT has awarded Swedish–Swiss automation company ABB with a contract to supply a power distribution system for its newbuild cable-laying vessel (CLV) that enables integration of multiple power sources and allows engines to run at variable spee

about 2 years ago
Amogy and HD KSOE EcoPhin to jointly work on ammonia-powered solutions for maritime sector
Business Developments & Projects

Amogy and HD KSOE EcoPhin to jointly work on ammonia-powered solutions for maritime sector

U.S.-based provider of ammonia-to-power solutions Amogy has formed a new partnership with propulsion system specialist HD KSOE EcoPhin to deploy their respective technologies to enhance ammonia-powered solutions across the maritime sector. For the most part, the partnership will focus on the integra

about 2 years ago
WaveRoller, a white and blue wave energy converter in the sea
Business Developments & Projects

ONDEP project wins €19M EU funding to deploy wave energy array offshore Portugal

The Ondas de Peniche (ONDEP) project has secured €19 million in funding from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array with four WaveRoller wave energy converters offshore Portugal. The ONDEP project will start in October 2024 and run for five and a half years, cover

about 2 years ago
Denmark’s Port Esbjerg bolsters offshore wind, ammonia, and hydrogen ties with Korea’s Ulsan port
Business Developments & Projects

Denmark’s Port Esbjerg bolsters offshore wind, ammonia, and hydrogen ties with Korea’s Ulsan port

Denmark’s Port Esbjerg and Korea’s Port of Ulsan have formed a strategic partnership to drive innovation and sustainability in the maritime industry through both parties’ experience in handling hydrogen and ammonia as well as offshore wind projects. Port Esbjerg revealed the collaboration via social

about 2 years ago
Danish power cable player to expand production capacity at another Swedish facility
Business Developments & Projects

Danish power cable player expanding production capacity at another Swedish facility

After Karlskrona, Sweden, Denmark-headquartered power cable manufacturer and installation firm NKT is expanding its operations in Alingsås to boost the production capacity of high-voltage accessories. NKT is currently constructing a new hall in Alingsås for testing power cable accessories up to 525

about 2 years ago
Potential turbine by Nova Innovation
Business Developments & Projects

Industry welcomes boost to tidal stream projects following latest UK renewables auction results

Key industry players have welcomed the recent UK renewables auction results, where six tidal stream projects secured contracts, viewing it as a strong endorsement of the tidal energy sector’s growth. Five developers secured contracts to develop a total of 28 MW of tidal stream energy across the UK.

about 2 years ago