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Business Developments & Projects

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TGS nets shallow-water survey contract off Trinidad, wraps up Gulf Coast CO2 storage assessments
Business Developments & Projects

TGS nets shallow-water survey contract off Trinidad, wraps up Gulf Coast CO2 storage assessments

Norway-based energy data and intelligence company TGS has secured a contract to deliver a shallow-water ocean bottom node (OBN) project offshore Trinidad. The 3D baseline contract is scheduled to commence early in the third quarter of 2025, with the total duration of the survey expected to be approx

about 1 year ago
French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities.
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Business Developments & Projects

Setec expands marine engineering reach with Sealand Projects acquisition

French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities. According to Setec, the acquisition expands the company’s service offering in the marine renewables sector and enhances its presence in the

about 1 year ago
Clean Industrial Deal
Business Developments & Projects

EU, EIB and KfW to back renewable hydrogen projects in Chile with up to €216.5M

The European Commission, the European Investment Bank (EIB), KfW Development Bank (KfW), Corporación de Fomento de la Producción (CORFO) and the Chilean Ministry of Energy have signed agreements to support Chile’s renewable hydrogen industry via the Team Europe Renewable Hydrogen Funding Platform fo

about 1 year ago
An LNG terminal under construction
Business Developments & Projects

$5.7B investment to fast-track Woodside’s US LNG development

Australia’s energy giant Woodside has entered into a binding agreement with Stonepeak, a New York-based investment firm specializing in infrastructure and real assets, for the sale of an interest in its liquefied natural gas (LNG) development on the United States’ Gulf Coast.

about 1 year ago
NYK finalizes construction and charter deals for methanol-powered VLCC
Business Developments & Projects

NYK finalizes construction and charter deals for methanol-powered VLCC

Japanese shipping company NYK has executed construction and charter contracts for its first methanol-powered very large crude carrier (VLCC).

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

Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns

MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald Trump’s book by reviving its energy ties with Russia against the backdrop of tr

about 1 year ago
Oseberg field centre in the Norwegian North Sea; Credit: Trond Glaser/Equinor
Business Developments & Projects

Equinor’s Norwegian activity across energy and decarbonization realms remaining ‘robust’ up to 2035

Equinor has set its cap on upping its activity ante in Norway within its operated fields, onshore facilities, and exploration and development projects alongside those for renewable and low-carbon solutions, creating further ripple effects like the multibillion-dollar worth of goods and services proc

about 1 year ago
Eneos jackup lands two-well gig offshore Vietnam
Business Developments & Projects

Eneos jackup lands two-well gig offshore Vietnam

Japan’s Eneos Drilling, a wholly owned subsidiary of Eneos Xplora, has entered into a contract with Japan Vietnam Petroleum Company (JVPC) to supply a jack-up rig from its fleet for a drilling assignment offshore Vietnam.

about 1 year ago
Construction progress at Woodfibre LNG; Source: Woodfibre LNG
Business Developments & Projects

‘World’s first net-zero LNG export facility’ shaping up in Canada as $5.1B project forges ahead

Woodfibre Management, a privately held Canadian company based in Vancouver, is moving forward with the construction works at its operated multimillion-dollar liquefied natural gas (LNG) export project located along the southwest coast of British Columbia, Canada.

about 1 year ago
WATCH: First of three Agalas subsea vessels launches in Türkiye
Business Developments & Projects

WATCH: First of three Agalas subsea vessels launches in Türkiye

A new 100-meter-long cable laying support vessel (CLSV) being built at the Sefine Shipyard for Norwegian Agalas and Cecon Contracting has been launched in Türkiye. Agalas reported yesterday, April 3, that the first of its three subsea vessels had been launched in Türkiye, with a few intense months a

about 1 year ago
John T. Essberger wraps up first bio-LNG bunkering at Hamina LNG terminal
Business Developments & Projects

John T. Essberger wraps up first bio-LNG bunkering at Hamina LNG terminal

E&S Tankers, a joint venture of Essberger Tankers and Stolt Tankers, has conducted the first bio-LNG bunkering for its newbuild dual-fuel stainless steel parcel chemical tanker John T. Essberger at the Hamina LNG terminal in Finland.

about 1 year ago
Berwick Bank
Business Developments & Projects

Benthic survey underway at SSE Renewables’ Berwick Bank wind farm site

SSE Renewables is undertaking a benthic survey within a prospective offshore export cable route at the Berwick Bank offshore wind farm site in Scotland. The survey work is being carried out by Natural Power, utilising the Windcat 20 as the survey vessel. According to a Notice from Mariners from the

about 1 year ago
CMAL
Business Developments & Projects

CMAL, Remontowa sign shipbuilding contract for electric ferry fleet

Scotland’s state-owned Caledonian Maritime Assets Limited (CMAL) and Polish shipbuilder Remontowa Shipbuilding have signed a contract for the construction of seven new Loch-class electric ferries.

about 1 year ago
IDOM has started testing a new air turbine design at the Mutriku wave power plant as part of the activities of the EuropeWave project.
Business Developments & Projects

IDOM turbine undergoing tests at Mutriku wave power plant

The Basque technology firm IDOM has started testing a new air turbine design at the Mutriku wave power plant as part of the activities of the EuropeWave project. According to the Biscay Marine Energy Platform (BiMEP), the testing is being carried out in the experimental area of the Mutriku facility

about 1 year ago