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Business Developments & Projects

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CMB.TECH
Business Developments & Projects

CMB.TECH buys into dry bulk shipping firm Golden Ocean

Belgian shipowner CMB.TECH has entered into an agreement to acquire around 41% shares in dry bulk shipping company Golden Ocean Group (GOGL) as part of its diversification strategy.

about 1 year ago
With certificate of registry in place, 7-meter USV first uncrewed seagoing vessel to fly Dutch flag
Business Developments & Projects

With certificate of registry in place, 7-meter USV first uncrewed seagoing vessel to fly Dutch flag

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VO:X Barentsz, the fifth uncrewed survey vessel (USV) developed through the joint effort of Dutch Van Oord and DEMCON Unmanned Systems, has secured a certificate of registry in the Netherlands, becoming the first uncrewed seagoing vessel to fly the Dutch flag. VO:X Barentsz, Van Oord’s first USV spe

about 1 year ago
Map of blocks offshore Uruguay
Business Developments & Projects

With 3D reprocessing of asset off Uruguay nearly done, Isle of Man-based firm hoping for 2026 drilling decision

Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) has shared an update on the reprocessing being carried out for an exploration block off the coast of Uruguay.

about 1 year ago
Nauticus Robotics makes first step to acquire subsea robotic services provider
Business Developments & Projects

Nauticus Robotics makes first step to acquire subsea robotic services provider

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has initiated a process to acquire compatriot SeaTrepid International, a provider of subsea robotic services. Nauticus Robotics reported it had signed a definitive agreement to acquire all of the assets and busi

about 1 year ago
Noble Regina Allen jack-up rig; Credit: Noble
Business Developments & Projects

Noble’s 2013-built rig picks up drilling gig offshore Suriname

Noble Corporation has disclosed a new drilling assignment off the coast of Suriname for one of its jack-up rigs that reportedly wrapped up its assignment with France’s TotalEnergies in Argentina last month.

about 1 year ago
Essberger lifts option for two methanol-ready chemical tankers at Chinese yard
Business Developments & Projects

Essberger lifts option for two methanol-ready chemical tankers at Chinese yard

German shipping company John T. Essberger has executed an option for two additional 13,000 dwt chemical tankers with 1A ice class and stainless steel tanks at the Rainbow shipyard in Nantong, China.

about 1 year ago
Dutch wave energy company Slow Mill Sustainable Power has generated electricity from North Sea waves for the first time in the Netherlands.
Business Developments & Projects

Dutch firm’s wave energy tech delivers first kilowatts in North Sea (Gallery)

A wave energy device developed by Dutch wave energy company Slow Mill Sustainable Power has generated electricity from North Sea waves for the first time. According to Slow Mill Sustainable Power, the wave energy generator was tested off the coast of Scheveningen last week, marking a key milestone i

about 1 year ago
Eighth call for CO2 storage offshore Norway opens for applications
Business Developments & Projects

Eighth call for CO2 storage offshore Norway opens for applications

The Norwegian Ministry of Energy is inviting interested parties to apply for CO2 storage exploration licenses related to one area on the Norwegian Continental Shelf (NCS), representing the eighth time such acreage is announced on NCS. The announcement was made on March 5 for the area that comprises

about 1 year ago
Türkiye’s first LNG dual-fuel tugboats delivered to BOTAS
Business Developments & Projects

Türkiye’s first LNG dual-fuel tugboats delivered to BOTAS

Türkiye’s BOTAŞ Petroleum Pipeline Corporation (BOTAS) has taken delivery of two LNG dual-fuel tugboats from compatriot Uzmar Shipyard.

about 1 year ago
Haiji-2 (for illustration purposes); Source: CNOOC
Business Developments & Projects

‘Major breakthrough’ in Chinese giant’s exploration ops with new oil & gas pay zone

CNOOC has enriched its oil and gas arsenal with a new hydrocarbon discovery in the Beibu Gulf of the South China Sea.

about 1 year ago
ECSA rebrands to highlight shipping’s role in Europe’s energy security
Business Developments & Projects

ECSA rebrands to highlight shipping’s role in Europe’s energy security

The European Community Shipowners’ Associations (ECSA) has changed its name to ECSA European Shipowners intending to reflect its commitment to raising awareness of shipping’s role in the continent’s energy, supply chain and food security.

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

Oil field’s production ramp-up on the horizon as Petrobras welcomes new FPSO

Brazil’s state-owned oil and gas giant Petrobras has welcomed a floating production, storage, and offloading (FPSO) vessel owned by the Netherlands-based SBM Offshore destined to work at one of its fields in the country’s pre-salt Santos Basin.

about 1 year ago
OFAC orders wind down of oil activities in Venezuela; Source: Chevron
Business Developments & Projects

US order sets date for Chevron to grind oil exports from Venezuela to a halt

Chevron has been given a 30-day deadline to bring a wind-down of its crude oil production and exports in Venezuela to an end, as its previous license has been revoked by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

about 1 year ago
An aerial view of a port terminal
Business Developments & Projects

Oil player books three tanks at Odfjell’s growing South Korean terminal

Odfjell Terminals Korea (OTK), a subsidiary of Norwegian shipping company Odfjell, has entered into a multi-year contract with South Korean oil refining and petrochemical company S-Oil for storage at its expanding Ulsan terminal.

about 1 year ago