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Business Developments & Projects

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China’s first domestic ammonia bunkering operation completed
Business Developments & Projects

China’s first domestic ammonia bunkering operation completed

China Shipping & Sinopec Suppliers, a bunker trading company backed by Sinopec and COSCO Shipping, has completed China’s first-ever ammonia bunkering operation.

about 1 year ago
A large vessel at sea
Business Developments & Projects

Wärtsilä bags five-LNG carrier maintenance gig with Greek firm

Wärtsilä Gas Solutions, part of Finalnd’s technology firm Wärtsilä, has signed an agreement with Greek fleet owner GasLog for the service and maintenance of the latter’s liquefied natural gas (LNG) carriers.

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about 1 year ago
Anchor FPU; Source: Chevron
Business Developments & Projects

Spotlight on oil & gas legacy of 2024: Three biggest hydrocarbon projects to turn production mode on

The top three fossil energy projects, which came into operation during 2024, reflect the prevailing market trends of entwining dynamic hydrocarbon and alternative greener plays driven by the security of supply pursuits with strong decarbonization currents to enable the industry players to come to gr

about 1 year ago
Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams
Business Developments & Projects

TotalEnergies and Vantage Drilling launch rig joint venture

Vantage Drilling has established a new joint venture (JV), named TEVA Ship Charter (TEVA), with France’s energy giant TotalEnergies, which will acquire a drillship currently working off the coast of Congo.

about 1 year ago
Illustration; Source: Brava Energia
Business Developments & Projects

Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025

The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.

14 minutes read
Zinus welcomes $4 million investment to boost shore power solutions
Business Developments & Projects

Zinus welcomes $4 million investment to boost shore power solutions

Singapore’s Eastern Pacific Shipping Ventures (EPS Ventures) and Norwegian state-owned Nysnø Climate Investments have become shareholders in shore power solutions provider Zinus through joint investment.

about 1 year ago
FPSO GTA; Source: BP
Business Developments & Projects

BP celebrates first gas from its deepwater ‘megaproject’ offshore Africa

BP has tucked a first gas flow milestone under its belt off the coasts of Mauritania and Senegal at a gas project that is said to be the biggest one in the oil major’s portfolio and one of the deepest, most complex gas developments in Africa.

about 1 year ago
Offshore Energy’s top five hydrogen stories of 2024
Business Developments & Projects

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago
An offshore platform
Business Developments & Projects

WoodMac: low-carbon power central to energy transition, but replacing oil & gas will be a ‘gargantuan’ task

Energy intelligence group Wood Mackenzie has published a report listing several key trends shaping the future of the energy sector, including three that are relevant to the offshore industry – the fast pace of China’s energy transition, a comparison of liquefied natural gas (LNG) and carbon capture

about 1 year ago
Noble Interceptor jack-up rig; Source: Noble Corporation
Business Developments & Projects

Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era

As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m

16 minutes read
UKSC development and decommission capex, from Wood Mackenzie
Business Developments & Projects

North Sea decommissioning grapples with delays despite government incentives

The North Sea decommissioning sector continues to face delays, as technical, regulatory, and financial hurdles prevent the rapid shutdown of offshore assets on the UK Continental Shelf (UKCS), according to a new analysis from Wood Mackenzie, an energy intelligence group. While the UK Government’s En

about 1 year ago
Malux enters the subsea market by acquiring the Bergen-based subsea company, Transmark Subsea
Business Developments & Projects

Swedish company expands with acquisition of Transmark Subsea Bergen

Malux, a Sweden-based specialist in solutions for niche industries, has acquired Norwegian subsea solutions provider Transmark Subsea’s Bergen-based operations to expand its portfolio in the subsea market. According to Transmark Subsea, this move enhances the company’s ability to deliver subsea solu

about 1 year ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business Developments & Projects

US research program awards $1.9M to marine energy projects

The U.S. Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved 15 marine energy projects and allocated nearly $1.9 million through its fourteenth request for technical support (RFTS). According to TEAMER, technical expertise and access to facilities will be provided, e

about 1 year ago
FPSO EmissionZero; Source: SBM Offshore
Business Developments & Projects

Harnessing cutting-edge technologies to shape next-generation FPSO future

While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.

13 minutes read