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Business Developments & Projects

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A rig offshore
Business Developments & Projects

Botswana’s LNG to provide ‘energy lifeline’ for impending gas shortage in South Africa

Botala Energy, an Australian energy company focused on exploration and development opportunities for natural gas and renewables in Botswana, has signed a non-binding memorandum of understanding (MoU) with NOVO Energy, a Southern African gas distributor, to jointly develop a liquefied natural gas (LN

about 1 year ago
DOF terminates vessel contract in Mexico due to payment default
Business Developments & Projects

DOF terminates vessel contract in Mexico due to payment default

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Norwegian vessel owner DOF Group has terminated the contract for its subsea vessel Skandi Implementer in Mexico following the client’s payment default. In the announcement, DOF further revealed its plans to have the vessel fitted with two of its remotely operated vehicles (ROVs) and pursue opportuni

about 1 year ago
‘World’s first’ ship with full-scale onboard CCS ready for pilot testing
Business Developments & Projects

‘World’s first’ ship with full-scale onboard CCS ready for pilot testing

Following a turnkey CCS retrofit by Seatrium, Clipper Eris, the ethylene carrier owned by Solvang, is set to commence pilot testing.

about 1 year ago
Project ONE
Business Developments & Projects

Project ONE: Giant plant modules arrive in Antwerp on board COSCO ship

On January 15, 2025, COSCO Shipping’s heavy lift vessel Zhi Yuan Kou arrived at the Project ONE site in Antwerp with a cargo of first furnaces, representing an important step for the Port of Antwerp-Bruges and the European chemical sector.

about 1 year ago
Photo of the Atlantic Guardian vessel (Courtesy of EMGS)
Business Developments & Projects

EMGS lands $10M deal for offshore survey in India

Norway’s Electromagnetic Geoservices (EMGS) has been awarded a contract for a controlled-source electromagnetic (CSEM) survey in India, with an estimated value of approximately $10 million. The letter of award (LOA) does not include a minimum scope of work and is contingent on the issuance of a call

about 1 year ago
Trafigura wraps up ‘first-ever’ co-loaded ammonia and LPG shipment
Business Developments & Projects

Trafigura wraps up ‘first-ever’ co-loaded ammonia and LPG shipment

Trafigura, in collaboration with CF Industries, has completed the ‘first-ever’ co-loaded ammonia and propane shipment operation from the U.S. to Europe.

about 1 year ago
SmartCap’s €5 million investment to support Elcogen’s growth
Business Developments & Projects

SmartCap’s €5 million investment to support Elcogen’s growth

Estonian clean energy technology manufacturer Elcogen has secured a €5 million investment from SmartCap, a venture capital fund supporting Estonian greentech companies.

about 1 year ago
Borr Galar and Borr Njord; Photo credit: GPO Heavylift
Business Developments & Projects

Three Borr rigs hit the brakes on drilling ops in North America as new suspension comes

Borr Drilling has confirmed a temporary suspension of operations notice for a jack-up rig trio working off the coast of Mexico, North America.

about 1 year ago
An offshore platform
Business Developments & Projects

Trillion completes Black Sea tubing ops, well stimulation coming up next

Canada’s oil and gas player Trillion Energy is preparing to boost gas production at its field offshore Türkiye using nitrogen after completing velocity string (VS) operations.

about 1 year ago
New partnership to provide hydrogen storage and production solutions
Business Developments & Projects

New partnership to provide hydrogen storage and production solutions

EQUANS, an energy services provider, and INOCEL, a company that designs, manufactures and markets hydrogen fuel cells, have signed a partnership agreement to develop an energy storage and production solution using carbon-free hydrogen.

about 1 year ago
Reach Subsea, Kongsberg Maritime and Trosvik AS, completing the final handover.
Business Developments & Projects

Reach Subsea takes delivery of first Reach Remote USV

Norway’s Reach Subsea has taken delivery of its first uncrewed surface vessel (USV), Reach Remote 1, marking the completion of technical installations, testing, and documentation. According to Reach Subsea, the company completed the final handover today, on January 16, 2025, together with Kongsberg

about 1 year ago
MacArtney to upgrade ROV operations on three Allseas vessels
Business Developments & Projects

MacArtney to upgrade ROV operations on three Allseas vessels

Allseas has selected MacArtney to enhance and future-proof its remotely operated vehicle (ROV) operations with the replacement of three existing hydraulic launch and recovery systems with the all-electric eLARS. The scope covers three over-the-side 150 kN all-electric A-frames, including docking hea

about 1 year ago
Ampereship
Business Developments & Projects

Ampereship, Ostseestaal to build fully electric ferry for Helgoland

German shipbuilder Ampereship and its affiliate Ostseestaal have been commissioned by the country’s offshore island Helgoland to develop and build an all-electric ferry.

about 1 year ago
Rendering of an LNG terminal
Business Developments & Projects

$175M loan secured for NextDecade’s mega LNG project in Texas

Rio Grande LNG Super Holdings, a wholly-owned subsidiary of Houston-headquartered energy player NextDecade Corporation, has entered into a credit agreement with General Atlantic Credit’s Atlantic Park Fund. The loan will be put towards financing trains 4 and 5 at the liquefied natural gas (LNG) expo

about 1 year ago