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Business Developments & Projects

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Business Developments & Projects

British firm buying into Orcadian’s North Sea assets, with eyes on ‘zero carbon energy’ development

UK-headquartered oil and gas player Orcadian Energy has inked two deals with compatriot power developer and operator of power plants, the Independent Power Corporation (IPC), and its affiliates.

about 1 year ago

FPSO Prof. John Evans Atta Mills operating on TEN fields; Source: Tullow

Business Developments & Projects

US oil & gas player pondering takeover of UK firm with initial talks underway

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Kosmos Energy is mulling over a potential acquisition of the UK-headquartered Tullow Oil, which is set on exploring oil and gas resources in Africa.

about 1 year ago

Business Developments & Projects

Changes in ownership follow Höegh Evi’s rebranding

Funds managed by Igneo Infrastructure Partners have entered into agreements to acquire a 50% ownership stake in Larus Holding Limited, the 100% owner of energy infrastructure solutions provider Höegh Evi, from funds managed by Morgan Stanley Infrastructure Partners (MSIP).

about 1 year ago

Van Oord picks Baltic Eagle inter-array cables

Business Developments & Projects

Vestas, TKF secure contracts for 1.1 GW Inch Cape offshore wind farm

Inch Cape Offshore Limited, a joint venture between Red Rock Power Limited and ESB, has awarded TKF with a turnkey contract to supply and install inter-array cables at the Inch Cape offshore wind farm. Additionally, Vestas has secured a firm order to deliver its V236-15.0 MW wind turbines to the 1.1

about 1 year ago

Business Developments & Projects

LNG dual-fuel bitumen tanker joins McAsphalt’s fleet

Canada’s McAsphalt Industries has welcomed the newbuild 12,500 dwt LNG-powered bitumen tanker to its fleet.

about 1 year ago

Transocean Encourage rig; Source: Transocean

Business Developments & Projects

Transocean rig undertaking drilling ops at field offshore Norway

Equinor has begun drilling activities with one of Transocean’s rigs at a field in the Norwegian Sea, which will be tied back to an existing floating production, storage, and offloading (FPSO) unit off the coast of Norway.

about 1 year ago

Business Developments & Projects

Normandie Hydroliennes launches crowdfunding for Raz Blanchard pilot tidal farm

Tidal energy developer Normandie Hydroliennes has initiated a crowdfunding campaign on the WiSEED platform to support the development of its 12 MW tidal turbine pilot farm in the Raz Blanchard, located near Cherbourg, France. Scheduled for commissioning in 2028, the project marks an important miles

about 1 year ago

Sumitomo completes 27-kilometer interconnector in the Philippines

Business Developments & Projects

Sumitomo completes 27-kilometer subsea interconnector in the Philippines

Japan-headquartered Sumitomo Electric Industries has completed an interconnector in the Philippines which included the installation of a 27-kilometer-long high-voltage submarine power cable. The project involved laying a 230 kV AC submarine cable of 1,200 MW capacity along a 27-kilometer route betwe

about 1 year ago

Business Developments & Projects

ADNOC receives European Commission’s stamp of approval in Navig8 acquisition

The European Commission has approved the acquisition of sole control of Navig8 Topco Holdings by Abu Dhabi Marine Business and Services Company (ADNOC) and the restructuring of ownership for the former’s subsidiary, Integr8 Fuels Holding, granting joint control of it to ADNOC and Navig8 Limited. As

about 1 year ago

Business Developments & Projects

Petrobras appoints SLB OneSubsea to boost oil production at deepwater field

OneSubsea, a subsea technology and solutions joint venture (JV) backed by SLB, Aker Solutions, and Subsea7 has secured a contract award from Brazil’s state-owned oil and gas giant Petrobras, following a “competitive tender”, to deliver two subsea raw seawater injection (RWI) systems for the Búzios f

about 1 year ago

Business Developments & Projects

Greek duo to test hydrogen transport through high-pressure offshore pipelines

Corinth Pipeworks partnered with IGI Poseidon to assess the transportation of hydrogen through high-pressure offshore pipelines.

about 1 year ago

FSRU Energos Eskimo; Source: Energos Infrastructure

Business Developments & Projects

US firm’s FSRU embarking on decade-long job in summer

U.S. energy infrastructure player New Fortress Energy (NFE) has confirmed a new multi-year assignment for a floating storage and regasification unit (FSRU), which has been booked by Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS). Shortly after EGAS revealed a deal to lease an undisc

about 1 year ago

Business Developments & Projects

Norwegian cleantech company TECO 2030 files for bankruptcy

Norway-based cleantech company TECO 2030, known for the development of hydrogen fuel cells, has filed for bankruptcy.

about 1 year ago

Business Developments & Projects

TotalEnergies extends helicopter firm’s gig at field offshore Brazil

French-headquartered energy giant TotalEnergies has renewed the contract with Brazil-based Omni Táxi Aéreo, an affiliate of Latin America’s provider of air mobility and delivery solutions Omni Helicopters International Group, to operate its field in the Santos Basin off the coast of Brazil.

about 1 year ago