Business Developments & Projects
Transocean’s 24-year-old stacked rig going to mystery buyer next quarter
Transocean has set the wheels into motion to get rid of one of its stacked ultra-deepwater floaters to turn its attention to its core fleet assets.
Construction of second Congo-bound FLNG progressing on course for start-up next year, Eni says
Eni has confirmed that the building works related to a new 2.4 million tonnes per year (mtpa) FLNG unit are moving forward in line with its timeline.
New alliance looking into development of hydrogen and ammonia technologies
KKR and IGNIS have agreed to launch a platform IGNIS P2X to develop primarily green hydrogen and ammonia projects for industrial applications in hard-to-abate sectors.
Chinese energy firm packs its bags to join the exodus from Russia
China-based provider of clean energy services Wison New Energies has signaled its intention to end all current and future Russian operations.
New cross-industry collab targets shipping decarbonization via energy efficiency, future fuels, and onboard carbon capture
GCMD and OGCI teamed up to work on decarbonizing the shipping industry with focus on energy efficiency, future fuels, and onboard CO2 capture.
Export cables for RWE’s Dutch offshore wind farm installed at landfall point
A consortium of Boskalis and Orient Cable (NBOS) has completed the pull-in and burial of the second export cable for TenneT’s Hollandse Kust West Beta offshore grid connection at the landfall location in Velsen-Noord, the Netherlands. The 700 MW grid connection will link the offshore wind farm that
Danske Commodities to optimize world’s largest commercial PtX facility
Danske Commodities secured an agreement for the optimization of the Kassø Power-to-X facility, the world’s largest commercial PtX facility.
Ocean Installer picked for major subsea scope at Equinor’s large oil & gas field
Norwegian state-owned energy company Equinor has awarded compatriot Ocean Installer with an engineering, procurement, construction and installation (EPCI) contract to deliver a subsea scope for its huge oil and natural gas field in the Norwegian sector of the North Sea. Equinor and its partners have
Namibia’s discoveries seen as silver lining: Global drilling costs up but exploration success rate down
High-impact exploration average discovery size is declining while costs have risen for the fifth consecutive year.
Carnegie Clean Energy raises over $2M, mainly to support ‘first ever’ CETO deployment in Europe
Carnegie Clean Energy has raised $2.134 million from shareholders that are set to support the delivery of the first CETO deployment in Europe, as well as commercialization.
Chinese shipbuilder in need of GTT’s bag of tricks for tank design of 10 very large LNG carriers
France’s GTT has received an order from Hudong-Zhonghua for the tank design of 10 new very large liquefied natural gas carriers (LNGCs).
ExxonMobil allies with Air Liquide for its low-carbon hydrogen project in Texas
ExxonMobil and Air Liquide have entered an agreement that is expected to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s Baytown, Texas facility, in the U.S.
HYDS becomes key partner in green hydrogen production project at Fjord Base
HYDS acquired a 33% stake in HyFuel, a developer of a green hydrogen production project for the maritime sector at Fjord Base in Norway.
LNG and dark fleet emerge as salient points of EU’s new raft of sanctions against Russia
The EU has decided to hit Russia with more sanctions aimed at eating away at the country’s ability to finance its military operations in Ukraine.