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Business Developments & Projects - Offshore Energy

Business Developments & Projects

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Business Developments & Projects

Ren-Gas to use MAN ES’ technology for its e-methane plant in Finland

Nordic Ren-Gas has selected German engine manufacturer MAN Energy Solutions (MAN ES) as a technology provider for its e-methane project in Tampere, Finland.

about 1 year ago

Business Developments & Projects

Towngas partners with Global Energy to set up green methanol supply chain

Hong Kong and China Gas Company (Towngas) has joined forces with Singapore’s Global Energy Trading to work on advancing the supply and distribution of green methanol as a marine fuel.

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about 1 year ago

Business Developments & Projects

Ulstein Design & Solutions wins its largest aftermarket design contract for cable layer

Ulstein Design & Solutions has secured what it says is its largest-ever aftermarket design contract for a cable-laying vessel (CLV), owned by the Taiwanese Dong Fang Offshore (DFO). The contract for the Orient Adventurer, previously known as Polar Onyx, includes both basic design and engineering pro

about 1 year ago

Business Developments & Projects

ADNOC inks $450 million LNG supply deal with JERA

JERA Global Markets, a trading subsidiary of Japan’s energy major JERA, has signed a liquefied natural gas (LNG) supply agreement with UAE’s ADNOC Gas and its subsidiaries.

about 1 year ago

Business Developments & Projects

$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza

With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom.

23 minutes read

Business Developments & Projects

Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave

Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo

23 minutes read

Business Developments & Projects

Solstad scores trifecta for a busy 2025

Norwegian shipping company Solstad Offshore has secured contracts for two of its construction support vessels (CSVs) and one anchor handling tug supply (AHTS) vessel, all with undisclosed clients. The CSV Normand Jarstein will kick off a 135-day contract in March, under which it will deliver subsea

about 1 year ago

Valaris DS-9 drillship; Source: ExxonMobil

Business Developments & Projects

ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds

ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris.

about 1 year ago

Business Developments & Projects

Norwegian company pressing on with development of e-methane facility in Finland

Norwegian energy company Freija is progressing with the development of a large-scale e-methane production facility in Nokia, Tampere region, Finland.

about 1 year ago

Business Developments & Projects

Petrobras starts the divestment ball rolling for Brazil’s shallow water oil & gas field

Petrobras has rolled up its sleeves on the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil by embarking on the binding phase to dispose of its stake.

about 1 year ago

Arkticheskaya jack-up floating drilling rig; Source: Gazprom

Business Developments & Projects

Gazprom’s gas reserves trump production rates with lion’s share in Arctic and Yamal Peninsula

Russia’s energy giant Gazprom has expanded its natural gas resource base by performing geological exploration in 2024 to fortify the Russian Federation’s energy security. This enabled the company to augment its gas reserves so that they once again eclipse its production rates, with the biggest chunk

about 1 year ago

UK-headquartered AIS has secured a contract for the Mero 4 oil field, located approximately 200 kilometers off the coast of Rio de Janeiro.

Business Developments & Projects

AIS secures subsea insulation contract for project in Brazil

UK-headquartered AIS has secured a subsea insulation contract for the Mero 4 oil field in Brazil, representing its fifth award for insulation systems in the region. The company will supply its ContraTherm C25 insulation system for the production pipeline end termination (PLET) and production and wat

about 1 year ago

Business Developments & Projects

Shore power for containerships at Port of Aarhus soon reality

Containerships calling at the container terminal at the Port of Aarhus will soon be able to turn off their diesel generators and receive shore power.

about 1 year ago

PEL 94 offshore Namibia; Source: Global Petroleum

Business Developments & Projects

Namibian oil prospect gets ‘well-known’ players’ attention, extending farm-out timeline

Global Petroleum, an AIM-listed oil and gas upstream exploration company presently focused on Africa and the Mediterranean, has decided to prolong its previous timeline to secure a farm-in agreement with a potential operating partner for its petroleum exploration license (PEL) 94 in Block 2011A in t

about 1 year ago