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Business Developments & Projects

Legal quagmire of US offshore oil & gas drilling: Trump’s ban reversal vow clashes with ‘uphill battle’ pledges

U.S. President-elect Donald Trump has vowed to undo the offshore drilling ban, sparking a backlash from climate activists, who threaten to take the new Trump administration to court if it attempts to unravel these ocean protections.

15 minutes read

An illustration of an LNG processing facility

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Business Developments & Projects

CNPC unit and Petrofac among winners of $2.1B infrastructure contracts for ADNOC’s Ruwais LNG

ADNOC Gas, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has awarded three contracts related to the construction of infrastructure at its future liquefied natural gas (LNG) complex in Al Ruwais Industrial City, Abu Dhabi. The contracts with a combined value of $2.1 billion encompass works

about 1 year ago

Business Developments & Projects

Pot Scheepvaart orders another 6,340 dwt MPP ship at Royal Bodewes

Dutch shipping company Pot Scheepvaart has ordered another 6,340 dwt multipurpose ship at compatriot shipyard Royal Bodewes.

about 1 year ago

Business Developments & Projects

North Sea ecosystem regeneration at heart of Dutch govt’s new program

Human touch has taken its toll on the delicate North Sea ecosystem. With the growing pressure of climate change and demand for sustainable energy and food, this ecosystem keeps deteriorating. Preventing or preserving the North Sea now has an exclamation point. As a response, the Dutch Ministry of Ag

about 1 year ago

The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO

Business Developments & Projects

Eight projects to share US DOE’s $800k funding to propel hydropower and marine energy

The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated $800,000 for eight projects designed to advance hydropower and marine energy innovation across the U.S. to foster entrepreneurship, streamline commercialization, and support small business growth in the water

about 1 year ago

Business Developments & Projects

Shell entrusts Gulf of Mexico FPU commissioning task to US player

Gate Energy has struck a new commissioning management and execution deal with Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, for a semi-submersible floating production unit (FPU) destined for a deepwater development in the U.S. Gulf of Mexico.

about 1 year ago

Business Developments & Projects

India’s Kandla Port to undergo major revitalization via ‘momentous’ $6.6 billion investment

The Indian Minister of Ports, Shipping & Waterways Sarbananda Sonowal has unveiled two major infrastructure projects worth ₹570 billion (about $6.6 billion) aimed at enhancing the capacity of Kandla Port in Gujarat, a state on the west coast of India. As disclosed, the initiative encompasses a ₹300

about 1 year ago

Business Developments & Projects

Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas

Subsea7 has secured a contract with Norway’s state-owned energy company Equinor to deliver a study that will finalize the technical definition of the proposed subsea development at a field off Norway before the final investment decision (FID) is reached. Subsea 7 has been appointed to deliver a fron

about 1 year ago

Business Developments & Projects

Value Maritime, partners win funding for CCS aboard Samskip Kvitbjorn

Dutch maritime technology company Value Maritime and its partners in the Maritime Efficient & Easy Carbon Capture (ME2CC) project have received funding from the Maritime Masterplan 2024 to advance the development, construction and demonstration of a compact, modular carbon capture system to be insta

about 1 year ago

Buzzard oil & gas field in the UK North Sea; Source: CNOOC Petroleum Europe

Business Developments & Projects

UK hits Chinese oil & gas giant’s European arm with £125K fine in flaring and venting clampdown

North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.

about 1 year ago

Business Developments & Projects

Korean duo picks TMC Compressors for 32 ships set to work for ‘LNG shipping major’

Norway-based TMC Compressors has been hired by South Korea’s Samsung Heavy Industries (SHI) to supply marine compressed air systems for a set of liquefied natural gas (LNG) carriers the latter is building for an undisclosed national energy company.

about 1 year ago

Business Developments & Projects

United Heavy Lift deploys Syroco weather routing platform on F900 Eco-Lifter ships

United Heavy Lift (UHL) has started deploying a weather routing platform developed by Syroco on its F900 Eco-Lifter class ships.

about 1 year ago

Perenco's Cap Lopez terminal in Gabon; Source: Dixstone

Business Developments & Projects

African FLNG project getting its ‘ideal choice’ of LNG liquefaction technology

Perenco has picked a liquefied natural gas (LNG) liquefaction technology partner for its floating LNG (FLNG) project in Gabon, West Africa. Thanks to this, Aragon, a Norway-headquartered engineering, procurement, and construction (EPC) player, which is part of Seatrium, will work on the firm’s FLNG

about 1 year ago

Business Developments & Projects

Emirati company wins $1B contract for subsea gas pipeline in Taiwan

UAE’s NMDC Energy, formerly known as National Petroleum Construction Company, has secured a $1.136 billion engineering, procurement, and construction (EPC) contract with a Taiwanese company for the installation of subsea gas pipelines, among other things, for the renewal of a power plant in Taiwan.

about 1 year ago