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Business Developments & Projects

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An offshore platform
Business Developments & Projects

Egypt puts more offshore acreage on offer in new oil & gas round

Egypt’s Ministry of Petroleum and Mineral Resources has launched a new licensing round encompassing offshore and onshore blocks to attract investments in the country’s oil and gas production and exploration.

about 1 year ago
West Vela drillship; Source: Seadrill
Business Developments & Projects

Seadrill drillship staying busy with US drilling campaign thanks to multimillion-dollar extension

Talos Energy has decided to keep a drillship, owned by Seadrill, an offshore drilling contractor, occupied with additional drilling into September 2025.

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about 1 year ago
Osaka Gas
Business Developments & Projects

US duo looking to use methanol as feedstock for hydrogen production

Oxylus Energy and Element 1 have partnered to explore the use of Oxylus’s green methanol as a feedstock for point-of-use hydrogen production.

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business Developments & Projects

US player keeps its eyes on expansion plans as clean energy underinvestment makes room for more LNG

Given the worldwide spike in total demand for natural gas, Houston-headquartered NextDecade is contemplating further capacity expansion of its liquefied natural gas (LNG) export terminal at the Port of Brownsville, Texas.

11 minutes read
View of a dock with a large vessel in the background
Business Developments & Projects

US firm to bring compatriot pump manufacturer into its fold for $2B

U.S.-based technology firm Honeywell has agreed to buy compatriot pump and compressor player Sundyne from private equity firm Warburg Pincus in an all-cash transaction.

about 1 year ago
Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Business Developments & Projects

Eco Wave Power cuts costs in 2024, projects in focus

Wave energy developer Eco Wave Power has presented its 2024 financial results, highlighting cost reductions, revenue generation, and a strengthened financial position. The company raised $3 million through a registered direct offering, bolstering its financial resources. Operating expenses fell by 7

about 1 year ago
A man seen from behind looking at the sea
Business Developments & Projects

Petrofac eyes April restructuring date as convening hearing is postponed

UK-headquartered oilfield services provider Petrofac has provided an update on its proposed financial restructuring.

about 1 year ago
GT Wings: First AirWing-fitted ship sets sail
Business Developments & Projects

GT Wings: First AirWing-fitted ship sets sail

UK’s GT Wings has installed its first AirWing wind propulsion system onboard a general cargo vessel owned by Carisbrooke Shipping, reaching “a major milestone in sustainable shipping”.

about 1 year ago
Lloyd’s Register approves Corvus Energy’s marine battery system
Business Developments & Projects

Lloyd’s Register approves Corvus Energy’s marine battery system

Corvus Energy has received type approval from Lloyd’s Register (LR) for its Dolphin NxtGen Energy marine battery system.

about 1 year ago
Trion FPU concept image
Business Developments & Projects

Award of fiber optic contract brings remote ops to Mexican deepwater oil project

Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a fiber optic project and long-term service contract with Woodside Energy that will enable remote operations at an oil project in the Gulf of Mexico/America. The fiber-based connecti

about 1 year ago
FPSO One Guyana; Courtesy of EnerMech
Business Developments & Projects

SBM Offshore taps UK firm for job on fourth FPSO in Guyana’s offshore oil arena

SBM Offshore has picked EnerMech for pre-commissioning work on a floating production, storage, and offloading (FPSO) vessel, which will be deployed on ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.

about 1 year ago
Työvene secures €20M order for battery-hybrid vessels from Sweden
Business Developments & Projects

Työvene secures €20M order for battery-hybrid vessels from Sweden

Swedish shipping company Torghatten AB has contracted Finnish shipbuilder Työvene to construct two battery-hybrid passenger vessels.

about 1 year ago
Lhyfe and INOCEL pen four-year hydrogen supply deal
Business Developments & Projects

Lhyfe and INOCEL pen four-year hydrogen supply deal

Lhyfe and INOCEL have signed a contract covering the supply of up to 140 tonnes of green hydrogen over a period of four years for the test benches of fuel cells manufactured by INOCEL.

about 1 year ago
Seatrium fits CO2 capture system onboard MOL’s tanker
Business Developments & Projects

Seatrium fits CO2 capture system onboard MOL’s tanker

Singapore-headquartered offshore, marine, and energy solutions provider Seatrium has completed a carbon capture and storage (CCS) retrofit project for Japanese shipping company Mitsui O.S.K. Lines (MOL), installing an onboard CO2 capture system on an LR1 product tanker.

about 1 year ago