Business Developments & Projects
Norway’s seismic firms PGS and TGS officially become one
Norway-headquartered seismic companies PGS and TGS have formally completed their merger, following the final regulatory approval obtained some twenty days ago. Back in September 2023, TGS and PGS announced their agreement on principal terms to combine their two firms and create a strong full-service
Jan De Nul selected for export cable installation offshore Taiwan
Jan De Nul Group has signed a preferred supplier agreement with Copenhagen Infrastructure Partners (CIP) for the installation of high-voltage export cables that will bring renewable energy generated at the Fengmiao 1 offshore wind farm ashore. Jan De Nul will connect the offshore substation of the F
DEME to expand green hydrogen portfolio with new production facility in Egypt
Belgium-based offshore energy and dredging contractor DEME has inked a cooperation agreement with the Egyptian government to establish an industrial-scale green hydrogen production facility in the Port of Gargoub in Egypt’s western desert.
Oil & gas exploration hit and miss in Barents Sea as Norwegian shelf continues its development
Aker BP and Equinor have completed drilling operations in the Barents Sea, which was recently expanded with new acreage in APA 2024.
Höegh LNG and Deutsche ReGas join forces for world’s first floating hydrogen import terminal
Germany’s Deutsche ReGas and Norway’s Höegh LNG have entered into an agreement to develop what is said to be the world’s first floating import terminal for the industrial-scale conversion of green ammonia to green hydrogen.
Nova Innovation and RSK establishes floating solar joint venture
Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe.
2019-built survey catamaran changes owner, set to serve European offshore wind
Surveying and mapping services provider Darkocean has added a multi-role workboat/survey catamaran to its fleet which will be used for offshore wind projects across the UK and Northern Europe. Darkocean has taken delivery of the 10-meter-long Coastal Observer from Purus, formerly known as HST Workbo
Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership
The Egyptian government and the EU are advancing green hydrogen and green ammonia incentives through new private investment agreements.
ZOEX Power completes installation of wave energy device at Port of Aberdeen
Aberdeen-based ZOEX Power has finished the installation of its 100 kW wave energy device at the Port of Aberdeen, South Harbour.
Italian energy giant books Norwegian gas supplies until mid-2030s
Vår Energi has secured a contract extension with Eni, enabling it to provide the oil major with natural gas for an additional 12 years.
Stena RoRo books two new multi-fuel E-Flexer RoPax vessels
Stena RoRo has ordered two more multi-fuel E-Flexer roll-on/roll-off passenger (RoPax) vessels at China’s CMI Jinling, Weihai Shipyard.
NIBC sells $1B shipping portfolio to Hamburg Commercial Bank
Dutch commercial bank NIBC has reached an agreement to sell its shipping portfolio of senior secured loans of $992 million to Germany’s Hamburg Commercial Bank (HCOB).
EU’s exit from embattled fossil fuel-loving treaty in the home stretch: New dawn breaking over 20-year sunset clause
The final push toward withdrawal the EU has taken to severe its Energy Charter Treaty (ECT) ties in a year is perceived as the right path to unleashing its green agenda.
Embracing key tools to navigate overlapping oil & gas, offshore wind, and carbon storage areas
Co-location conflicts between oil and gas projects, offshore wind farm developments, and carbon capture and storage (CCS) undertakings have emerged as an issue in the United Kingdom (UK).