Business Developments & Projects
Hy2gen’s subsidiary rebrands, reveals expansion plans
Hy2gen Norge has changed its name to Hy2gen Nordic to reflect the company’s strategic expansion beyond Norway into other Nordic countries.
Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships
Maris Fiducia Norway, with HAV Hydrogen and Norwegian Hydrogen, secured $38.4 million funding from Enova for hydrogen-powered dry-bulk vessels.
Two out of four CO2 storage licenses awarded offshore Norway going to Equinor
The Norwegian Ministry of Energy has awarded four new exploration licenses related to CO2 storage on the Norwegian Continental Shelf (NCS) to six companies as part of the sixth call for CO2 storage on the NCS. The exploration licenses are located in the North Sea, with two offered to Equinor, one to
Singaporean player bringing Norwegian and African offshore oil & gas assets under one roof
Rex International Investments has signed a deal with two partners to combine offshore portfolios of two affiliates into a new joint venture.
Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million
Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.
Fifteen green ship projects get $113.5M in Enova support
A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport.
After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the
Green Marine UK joins C-Power in demonstrating autonomous offshore power system
Scotland’s Green Marine (UK) has joined the U.S.-based C-Power’s Partner Engagement and Co-development (PEC) program to advance autonomous offshore power systems (AOPS).
UK player strikes a bargain with Seatrium over yearslong rig arbitration saga
Seatrium has come to an understanding with Awilco Drilling regarding the settlement of two arbitration cases related to rig termination deals.
Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard
Peter Döhle Schiffahrt has ordered four 14,000 TEU methanol-fueled containerships at China’s Hudong-Zhonghua Shipbuilding.
Bermuda-based player gives Oslo stock exchange a go
Paratus Energy has shared its intention to list shares on Euronext Growth Oslo, followed by a planned uplisting to the Oslo Stock Exchange.
Denmark challenges Greenpeace to a fight in court over protests hindering transit of Russian oil
Greenpeace is facing legal action in Denmark, which the Danish state set in motion in a crackdown on protests the group embarked on in 2022.
Topsoe, ABB and Fluor join forces for SOEC factory development in US
Topsoe, ABB and Fluor have formed an alliance to design a standardized concept for building Topsoe’s solid oxide electrolysis cells (SOEC) factory in Chesterfield, Virginia, U.S.
Marine Power Systems and Quoceant partner to advance Q-Connect in floating wind market
Welsh company Marine Power Systems (MPS) has joined Quoceant’s Offshore Wind Growth Partnership (OWGP) project to accelerate the development of Q-Connect technology into the floating offshore wind market.