Business Developments & Projects
Türkiye’s drillship kicks off drilling ops in Black Sea
TPAO has started drilling a new well in the Black Sea in a search for more hydrocarbons to further strengthen the country’s energy security.
Welsh government starts assessing applications for tidal lagoon challenge
The Welsh government has started the review of 10 applications received from more than 20 organizations as part of its €860,000 (£750,000) Tidal Lagoon Challenge.
Double win for Baker Hughes offshore Norway
Baker Hughes has secured two contracts with Norwegian oil and gas company Vår Energi, said to strengthen its North Sea presence for exploration logging, well intervention technology and subsea production systems. The first contract is a nine-year engagement that will utilize Baker Hughes’ well inter
Hutchison Ports YANTIAN kicks off 1st green shipment for ZTE
Hutchison Ports YANTIAN hosted a ceremony on Thursday, September 28, for the inaugural green marine shipment for ZTE Corporation. The cargo, transported via rail from Changsha, Hunan province, has now been loaded onto Hapag-Lloyd’s 24,000-TEU dual-fuel vessel Berlin Express en route to the Port of R
HydroQuest launches crowdfunding campaign to support tidal energy activities
French tidal energy company HydroQuest has launched a crowdfunding campaign, targeting €1.5 million to meet the objectives of a major FloWatt tidal energy project.
NKT and Prysmian secure €4.6 billion in cable contracts for German grid connections
German transmission system operator (TSO) 50Hertz has awarded several contracts to power cable manufacturers NKT and Prysmian. Valued at around €4.6 billion in total, the contracts include offshore wind farm export cables, onshore energy connections, and interconnection for an energy island. NKT and
INEOS: Windfall taxes and mixed signals from politicians tearing down UK’s oil & gas industry
According to INEOS, a combination of windfall taxes and negative signals from politicians are wreaking havoc on the UK’s oil & gas industry.
Equinor ready to begin drilling work with Transocean rig
Equinor has received consent to use one of Transocean’s semi-submersible rigs for production drilling at a field in the North Sea off Norway.
TechnipFMC and Petrobras expand ‘many years of collaboration’
Brazilian state-owned oil and gas giant Petrobras has awarded TechnipFMC with a contract to supply flexible pipes for pre-salt fields offshore Brazil. Under the contract deemed as “significant”, TechnipFMC will design, engineer, and manufacture 14 kilometers of gas injection riser pipes and will sup
Louis Dreyfus Armateurs picks vessel for bound4blue eSAILs installation
French maritime firm Louis Dreyfus Armateurs (LDA) has decided to install bound4blue eSAILs® on its ro-ro ship Ville de Bordeaux. Three 22-metre-high eSAILs® will be fitted to the Ville de Bordeaux ahead of a six-month performance monitoring period starting in early 2024. The Ville de Bordeaux is ch
North Sea oil project gets the go-ahead to come on stream
Equinor has received the seal of approval from Norway’s authorities to bring online an oil field project in the Norwegian sector of the North Sea next month.
Eco Wave Power cuts interim net loss
Swedish-Israeli wave energy company Eco Wave Power has released financial results for the first half of 2023, reporting a decrease in net loss when compared to the same period a year before.
WindWing-fitted Pyxis Ocean docks in Paranaguá
Pyxis Ocean, the world’s first large ship fitted with WindWings, metal sails that harness the power of the wind to reduce fuel consumption and carbon emissions, arrived at the Port of Paranaguá, Brazil. The bulker, which emits 30% less carbon dioxide compared to conventional ships, embarked on its m
SIMEC Atlantis swings to half-year profit
SIMEC Atlantis Energy has recorded a profit before tax of €5.2 million (£4.5million) for the first six months of fiscal 2023, as opposed to the loss of €9.9 million (£8.6 million) filed for the same period a year earlier.