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Business Developments & Projects

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Emirati company wins $1B contract for subsea gas pipeline in Taiwan
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
Denmark's tender invites applications for coastal CO2 storage exploration
Business Developments & Projects

Denmark inviting applications for coastal CO2 storage exploration

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The Danish Energy Agency is today opening the fourth round of tenders inviting companies to apply for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark. The tender covers three areas near the Danish coast – Jammerbugt, Lisa and Inez, which are among several

about 1 year ago
AtoB@C Shipping
Business Developments & Projects

AtoB@C Shipping, Yara International extend sustainability-driven cooperation

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, and Norway’s Yara International, a crop nutrition company and a provider of environmental and agricultural solutions, have extended the existing contract of affreightment until 2033.

about 1 year ago
Safe Zephyrus; Source: Prosafe
Business Developments & Projects

Prosafe vessel staying 954 more days with Petrobras

Prosafe has won a multimillion-dollar contract extension for one of its semi-submersible vessels, which is providing safety and maintenance support to Petrobras, a Brazilian state-owned energy giant.

about 1 year ago
llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)
Business Developments & Projects

Wales introduces strategic resource areas for tidal stream energy

Wales has taken a step forward in marine planning by introducing its first Strategic Resource Areas (SRAs) for tidal stream energy, aiming to foster the sustainable development of marine energy while safeguarding sensitive ecosystems. The Welsh government launched its first marine plan in 2019, layi

about 1 year ago
FPSO Atlanta; Source: Yinson Production
Business Developments & Projects

Yinson Production confirms first oil from its third FPSO in Brazil

Yinson Production has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals.

about 1 year ago
CLdN picks Elomatic’s energy-saving solution for its hybrid RoRo pair
Business Developments & Projects

CLdN picks Elomatic’s energy-saving solution for its hybrid RoRo pair

CLdN has contracted Elomatic to install tunnel thruster technology on two new hybrid RoRo vessels.

about 1 year ago
Kongsberg Discovery expands with purchase of subsea monitoring provider
Business Developments & Projects

Kongsberg Discovery expands with purchase of subsea monitoring provider

Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, has acquired compatriot Naxys Technologies, a provider of underwater environmental monitoring solutions, specializing in recognizing the sound of oil & gas leaks. Formed in 1999, Naxys Technologies’ c

about 1 year ago
A jack-up rig
Business Developments & Projects

Hibiscus taps Tanjung for work on Vietnam-Malaysia shared block

Tanjung Offshore Services, a subsidiary of Malaysia’s T7 Global, has won a contract with Hibiscus Oil & Gas Malaysia, an affiliate of Malaysia’s Hibiscus Petroleum, for the provision of maintenance, construction, and modification (MCM) services at a block within the overlapping territorial waters be

about 1 year ago
Illustration; Source: ADNOC Logistics and Services
Business Developments & Projects

ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion

In a deal worth $1.04 billion (AED 3.8 billion), ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired an 80% stake in Navig8 TopCo Holdings, a provider of shipping management services.

about 1 year ago
Production capacity of 1.3 million barrels of oil per day expected by the end of 2027 offshore Guyana; Source: ExxonMobil
Business Developments & Projects

ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025

With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana.

about 1 year ago
With first bunkering operation under the belt, Monjasa pioneers LNG as marine fuel in UAE
Business Developments & Projects

With first bunkering operation under the belt, Monjasa pioneers LNG as marine fuel in UAE

Marine fuels supplier Monjasa has completed the UAE’s first LNG bunkering operation.

about 1 year ago
KCA Deutag
Business Developments & Projects

Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag

KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK.

about 1 year ago
NuProShip
Business Developments & Projects

NuProShip project aims to enliven nuclear propulsion in deep sea shipping

Three different nuclear reactor concepts within the Generation IV domain are being studied as part of the Norwegian Nuclear Propulsion in Shipping (NuProShip) project which explores nuclear propulsion for the maritime sector.

about 1 year ago