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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Business Developments & Projects

More time for FPSO sale to go through as Murphy Oil prolongs BW Offshore’s US gig

Murphy Oil Corporation has lengthened the current deal for a floating production, storage, and offloading (FPSO) working at its asset in the Gulf of America, formerly the U.S. Gulf of Mexico.

about 1 year ago

Business Developments & Projects

Res Integra joins forces with Ohmium for green hydrogen project in Sicily

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Res Integra has partnered with Ohmium International for a green hydrogen project in Sicily.

about 1 year ago

Crowley's American Energy, said to be the first U.S. LNG carrier to supply Puerto Rico with U.S.-sourced energy; Source: Crowley

Business Developments & Projects

American Energy ready to fortify Puerto Rico’s security of supply with LNG cargos

Crowley has joined forces with Naturgy, enabling it to send what it describes as the first U.S. LNG carrier (LNGC) to Puerto Rico, bolstering the North American country’s energy security amid growing power demand.

about 1 year ago

Business Developments & Projects

Italian FSRU gets new 20-year lease on life

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has secured a 20-year extension for its floating storage and regasification unit (FSRU) moored off the coast of Livorno.

about 1 year ago

Business Developments & Projects

Northern Lights, NORSAR to monitor North Sea CO2 storage reservoir

Northern Lights JV has signed an agreement with independent research foundation NORSAR to monitor a CO2 storage reservoir in the North Sea, a move expected to enhance commercial opportunities for Northern Lights and Norway. NORSAR will establish and operate a permanent monitoring station near Bergen

about 1 year ago

Business Developments & Projects

Duo in talks to boost stake in two blocks offshore Angola

Afentra has acknowledged the growing media speculating over its alleged attempt to up its stake in two Angolan offshore blocks by confirming its participation in discussions, together with one of its joint venture (JV) partners, to buy the stake of another JV partner.

about 1 year ago

Business Developments & Projects

GNV trials RINA’s machine learning to optimize newbuild’s energy and fuel use

Italian shipping company Grandi Navi Veloci (GNV) has opted for machine learning and predictive models from compatriot classification society RINA to optimize energy use and fuel consumption on its newbuild passenger/RoRo cargo ship.

about 1 year ago

Business Developments & Projects

Ten suppliers line up for UK National Grid’s HVDC supply chain framework

The National Grid has awarded contracts to ten suppliers as part of a £59 billion high voltage direct current (HVDC) supply chain framework, setting the stage for the delivery of the required works and equipment for key energy projects across the UK. The HVDC supply chain framework was launched in 2

about 1 year ago

Business Developments & Projects

Puyallup Tribe and NWSA unite to expand PNW Maritime Gateway’s capacity

The Puyallup Tribe of Indians and the Northwest Seaport Alliance (NWSA) have joined forces to construct a new berth at the Port of Tacoma, expanding the capacity of the PNW Maritime Gateway.

about 1 year ago

Business Developments & Projects

‘Material’ portfolio expansion on Seascape’s 2025 agenda after Malaysian block farmout

Seascape Energy, an E&P company focused on Southeast Asia, has completed the sale of its participating interest in a production sharing contract (PSC) offshore Malaysia to Japan’s Inpex Corporation.

about 1 year ago

Business Developments & Projects

CMAL picks builder of seven new electric ferries under fleet modernization plan

Scotland’s state-owned Caledonian Maritime Assets Limited (CMAL) has officially handpicked the shipbuilder that will construct seven new Loch-class electric ferries envisioned under its “Small Vessel Replacement Program (SVRP)” aimed at slashing emissions and improving connectivity. As disclosed, CM

about 1 year ago

Business Developments & Projects

Wheels up to get the go-ahead for phased development of gas assets in Southeast Asia

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has handed over a field development plan (FDP) for hydrocarbon discoveries off the coast of Vietnam, Southeast Asia.

about 1 year ago

Business Developments & Projects

Puzzle coming together for Western Isles’ link to Scottish national electricity transmission network

Scottish transmission system operator (TSO) SSEN Transmission has submitted a planning application for a project that encompasses the construction of the converter station and substation for a subsea link that will connect the Western Isles to the national electricity transmission network for the fi

about 1 year ago

Business Developments & Projects

Shanghai-California green corridor collaboration remains steadfast despite tariff war 2.0

Governmental and non-governmental stakeholders have highlighted the progress made so far on establishing a green shipping corridor between California and Shanghai. The green corridor plan seems to be unaffected by the escalating United States-China trade war.

about 1 year ago