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Business Developments & Projects

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Rendering of an LNG terminal
Business Developments & Projects

Bangladesh books LNG from future export terminal in Louisiana

The United States-based Argent LNG has signed a heads of agreement (HOA) with the Government of Bangladesh for the purchase of liquefied natural gas (LNG) from the former’s proposed export facility in Port Fourchon, Louisiana.

about 1 year ago
Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline
Business Developments & Projects

Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline

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The Danish Energy Agency has granted permission to Nord Stream 2 AG to preserve the Nord Stream 2 pipeline in the Baltic Sea that suffered damage in September 2022 following an explosion. The Nord Stream 1 and Nord Stream 2 pipelines run from Vyborg, Russia, to Lubmin near Greifswald, Germany, and c

about 1 year ago
Following Caribbean gig, Allseas' Lorelay goes to Rotterdam for lifetime extension
Business Developments & Projects

Following Caribbean gig, Allseas’ Lorelay goes to Rotterdam for lifetime extension

Allseas’ pipelay vessel Lorelay has completed a platform-to-platform pipeline installation in the Caribbean, for the first time ever using the bowstring start-up method, connecting the pipeline start-up head directly to the platform jacket leg. Lorelay kicked off the operations in December 2024, pla

about 1 year ago
ACWA Power and Snam form green hydrogen and ammonia alliance
Business Developments & Projects

ACWA Power and Snam form green hydrogen and ammonia alliance

Saudi Arabia’s ACWA Power and Italy’s Snam have agreed to explore collaboration opportunities and joint investments in establishing an international green hydrogen supply chain.

about 1 year ago
Lotte and Syzygy complete trial of all-electric ammonia cracking system
Business Developments & Projects

Lotte and Syzygy complete trial of all-electric ammonia cracking system

Lotte Chemical and Syzygy Plasmonics have commissioned and completed performance testing of an all-electric ammonia cracking system in Ulsan, South Korea.

about 1 year ago
LNG
Business Developments & Projects

Stolt-Nielsen strengthens foothold in LNG bunkering market after Avenir LNG takeover

Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has entered into a share purchase agreement to acquire all the shares of the UK-based midstream LNG & BioLNG company Avenir LNG. As disclosed, the transaction is set to be finalized during the

about 1 year ago
Survey seen as key part of environmental licensing for Timor-Leste appraisal well kicks off
Business Developments & Projects

Environmental survey begins off Timor-Leste in preparation for planned drilling

UK-based Sunda Energy, former Baron Oil, has kicked off an environmental baseline survey in preparation for the drilling of a planned appraisal well at a gas field off the coast of Timor-Leste. The survey vessel Outer Limit has commenced the environmental baseline survey in preparation for the drill

about 1 year ago
An offshore platform
Business Developments & Projects

TotalEnergies’ North Sea project ramp-up faces another delay

TotalEnergies EP Danmark, a subsidiary of France’s energy giant TotalEnergies, has pushed back the date for reaching plateau production at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago
GreenH makes a step forward with hydrogen hub for ships
Business Developments & Projects

GreenH makes a step forward with hydrogen hub for ships

With a financing package of NOK 1 billion (around $89 million) in place, GreenH has reached a final investment decision (FID) to develop its green hydrogen facility in Bodø that will supply hydrogen to Vestfjorden ferry connection operated by Torghatten Nord.

about 1 year ago
ExxonMobil and Trammo pushing for low-carbon ammonia offtake deal
Business Developments & Projects

ExxonMobil and Trammo pushing for low-carbon ammonia offtake deal

ExxonMobil and Trammo have signed a heads of agreement (HoA) to advance discussions for Trammo’s long-term offtake of 300,000 to 500,000 tonnes of low-carbon ammonia per year from ExxonMobil’s facility in Baytown, Texas.

about 1 year ago
Tiburon Subsea's autonomous underwater thruster control technology, JETTE.
Business Developments & Projects

Two companies from Americas partner on AUV for wind and wave survey and maintenance, subsea security (Video)

U.S.-based subsea data collection and delivery provider Tiburon Subsea and Canadian Ocean Floor Geophysics (OFG) have signed a memorandum of understanding (MoU) to tackle challenges in wave and wind energy surveys and maintenance, and subsea security, among other things. In 2024, Tiburon Subsea intr

about 1 year ago
Norwegian cleantech services firm gets to work on Romania’s first deepwater project
Business Developments & Projects

Norwegian cleantech services firm gets to work on giant Black Sea gas project

Norway-based cleantech service provider Soiltech has secured a contract with Southeastern Europe’s integrated energy player OMV Petrom to deliver cuttings containment, transfer equipment and related services for what is said to be the largest natural gas project in the Romanian Black Sea. The contra

about 1 year ago
Rendering of a vessel at sea
Business Developments & Projects

Seaonics lands ‘record-breaking’ contract for offshore newbuild quintet

Seaonics, a subsidiary of Norway’s ship designer and shipbuilder Vard, has inked a deal to supply electric lift and handling equipment for five walk-to-work offshore newbuilds under construction at Vard’s Vung Tau yard in Vietnam.

about 1 year ago
Yanmar
Business Developments & Projects

Yanmar: Hydrogen engine production plan greenlit under Japanese zero-emission ship program

Yanmar Power Technology, part of Japan’s industrial diesel engine and machinery manufacturer Yanmar Holdings, has received approval from the government for its hydrogen-fueled engines and hydrogen fuel cell systems production plan.

about 1 year ago