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Business Developments & Projects

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Abdülhamid Han drillship; Source: President Recep Tayyip Erdoğan
Business Developments & Projects

Türkiye’s drillship makes ‘large’ gas find in Black Sea

As part of Türkiye’s mission to cut its reliance on foreign natural gas and diversify its sources of supply, the country is conducting oil and gas exploration activities. One of the drillships tasked with searching for hydrocarbon reserves has made a new natural gas discovery in the Black Sea.

about 1 year ago
Ultranav
Business Developments & Projects

Ultranav, Beyond the Sea to install kite-based propulsion system on chemical tanker

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Chile-based shipping group Ultranav has entered into a co-development agreement with Beyond the Sea, a French pioneer in kite-powered propulsion, to bring kite-powered propulsion to commercial shipping.

about 1 year ago
Shelf Subsea's saturation diving vessel ready for four-year job following reactivation works
Business Developments & Projects

Shelf Subsea’s saturation diving vessel ready for four-year job after reactivation works

Australia-based Shelf Subsea has completed reactivation works for its 2010-built saturation diving vessel, with all new ABS certificates reissued and the vessel now ready for its first job. Shelf Subsea reported some five days ago that the 82-meter-long DP2 vessel Southern Nova had finished its majo

about 1 year ago
Several men standing in front of a screen holding documents
Business Developments & Projects

Vitol broadening LNG supply base thanks to deal with Omani firm

Energy and commodities company Vitol has signed a liquefied natural gas (LNG) term sale and purchase agreement (SPA) with Oman LNG, a joint venture company between the Government of the Sultanate of Oman and seven global energy players.

about 1 year ago
Depsea Yantai rig; Source: Odfjell Drilling
Business Developments & Projects

Norwegian Sea wildcat on Odfjell Drilling-managed rig’s agenda

Norwegian authorities have handed out a drilling permit for an exploration well in the Norwegian Sea, which is expected to be drilled this month using one of Odfjell Drilling-managed semi-submersible rigs.

about 1 year ago
Hafnia
Business Developments & Projects

Cargill-Hafnia joint venture is up and running

Seascale Energy, a joint venture between Cargill Ocean Transportation and Hafnia dedicated to marine fuel procurement services, has officially commenced operations.

about 1 year ago
Illustration; Source: ADNOC
Business Developments & Projects

US energy giants poised to pour $60 billion into UAE oil & gas projects

Abu Dhabi National Oil Company (ADNOC) has strengthened its energy bonds with U.S. energy majors, thanks to deals to ramp up oil and gas production capacity at two giant fields.

about 1 year ago
€713.5M to back two Eastern Green Links and five other UK grid upgrades
Business Developments & Projects

€713.5M to back two Eastern Green Links and five other UK grid upgrade projects

The National Wealth Fund (NWF), the UK’s sovereign wealth fund, has backed ScottishPower with £600 million to support the delivery of seven priority transmission grid upgrade projects anticipated to help facilitate more renewable energy onto the system, reduce congestion costs, lower the cost of ele

about 1 year ago
A large vessel at sea
Business Developments & Projects

Chinese player hands over first of three LNG newbuilds for QatarEnergy’s growing fleet

China LNG Shipping has delivered a liquefied natural gas (LNG) carrier to Qatar’s state-owned energy giant QatarEnergy.

about 1 year ago
German Zeppelin Power Systems unveils new hybrid fuel cell power generator
Business Developments & Projects

German Zeppelin Power Systems unveils new hybrid fuel cell power generator

Zeppelin Power Systems has unveiled its new fuel cell power generator, which can operate using hydrogen.

about 1 year ago
Longship to expand eco-friendly fleet with four additional ships
Business Developments & Projects

Longship to expand eco-friendly fleet with four additional ships

The Dutch shortsea ship operator and logistics company Longship has confirmed an option to order four additional eco-friendly PMAX ECO TRADER vessels, bringing the total number of units in the series to eight.

about 1 year ago
Carnegie and SEI engineers demonstrate testing underway with a representative from EuropeWave and Ente Vasco de la Energia
Business Developments & Projects

Carnegie advances ACHIEVE wave energy project with new EuropeWave payment

Australia’s wave energy developer Carnegie Clean Energy has confirmed that its wholly owned subsidiary, CETO Wave Energy Ireland (CWEI), received a €137,152 payment under the EuropeWave Phase 3 contract, part of its ACHIEVE program. The payment follows the completion of electrical and control system

about 1 year ago
Cemre Shipyard: New battery-powered ferry sets sail for Denmark
Business Developments & Projects

Cemre Shipyard: New battery-powered ferry sets sail for Denmark

Danish ferry operator Molslinjen has taken delivery of a new battery-powered RoRo passenger ferry built by Turkish shipbuilder Cemre Shipyard.

about 1 year ago
An offshore platform and a vessel next to it at sunset
Business Developments & Projects

Indonesian field stake sale gets shareholder go-ahead

Coro Duyung, a subsidiary of Southeast Asia’s Coro Energy, has received the green light from its shareholders to sell its stake in a production sharing contract (PSC) in the West Natuna Sea off the coast of Indonesia to the Singapore-headquartered natural gas player Conrad Asia Energy.

about 1 year ago