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Business Developments & Projects

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FPSO Abigail-Joseph; Source: Yinson Production
Business Developments & Projects

‘Largest ever Nordic bond’ enables Yinson Production to raise nearly $3 billion in 2024

On a mission to bankroll the upgrade of its FPSOs, Yinson Production has placed a $100 million tap issue, bringing the total amount of the corporate bond to $600 million.

about 1 year ago
NAGA 6 jack-up rig; Source: Velesto Energy
Business Developments & Projects

Velesto, Petronas, and NOV pursuing rig automation and stepping up drilling game with robotics

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Velesto has joined forces with Petronas and NOV to enhance drilling operations by bringing robotics into play and boosting its jack-up fleet with a rig automation system.

about 1 year ago
Onshore plant and a docked LNG vessel
Business Developments & Projects

PNG LNG getting more gas thanks to new project coming online

Australia’s energy giant Santos has completed its two-well project forming part of an integrated development to commercialize the gas resources of Papua New Guinea.

about 1 year ago
haewoori ls cable CIP
Business Developments & Projects

LS Cable & System to supply offshore cables for CIP’s South Korean floating wind project

LS Cable & System has signed a letter of intent (LOI) with Denmark’s Copenhagen Infrastructure Partners (CIP) for the supply of offshore cables for the Haewoori Offshore Wind 3 project in South Korea. The Haewoori floating offshore wind project is planned to be built in three phases, with a total ca

about 1 year ago
200 kilograms of hydrogen from waste to fuel cargo vessel in 40-day sea trial
Business Developments & Projects

200 kilograms of hydrogen from waste to fuel cargo vessel in 40-day sea trial

UK-based startup Carnot has selected waste-to-hydrogen producer Compact Syngas Solutions to provide 200 kilograms of hydrogen to power a 40-day sea trial of its zero-emission marine engine. Backed by a £2.3 million two-year government grant, Carnot has developed a 70%-efficient 50 kW hydrogen auxili

about 1 year ago
From left to right, NREL Researcher Stephen Chamot, Isabel Hess, NREL Researcher Blake Boren, and University of Florida Professor Patrick Musgrave work on a DEEC-Tec-based origami flexWEC, which combi
Business Developments & Projects

Origami-inspired flexible wave energy device undergoes testing at NREL

At the National Renewable Energy Laboratory (NREL) Flatirons Campus, researchers have embarked on testing a flexible wave energy converter (WEC) prototype, designed to advance the capabilities of marine renewable energy. The collaboration between NREL, the University of Florida, and the U.S. Depart

about 1 year ago
South Furious field in Malaysia; Source: Hibiscus Petroleum
Business Developments & Projects

First of five planned production wells comes online offshore Malaysia

Hibiscus Petroleum, a Malaysian independent oil and gas exploration and production company, has achieved the first oil from the first well in its multi-well program at a field off the coast of Malaysia.

about 1 year ago
An offshore platform
Business Developments & Projects

Conrad and Pertamina eyeing small-scale LNG options for prospects offshore Indonesia

Conrad Asia Energy has disclosed information about its recent commercialization activities for shallow-water gas discoveries in two production-sharing contracts (PSCs) located off the coast of Indonesia’s Aceh Province, including a potential small-scale liquefied natural gas (LNG) plant.

about 1 year ago
Aberdeen-based firm to lead 'UK's first multi-asset decom scope'
Business Developments & Projects

THREE60 booked for six years to lead ‘UK’s first multi-asset decom scope’

Aberdeen-based energy services company THREE60 Energy has secured a six-year, multi-million-pound contract to lead what it says is the UK’s first multi-asset decommissioning scope. As part of a contract with a major North Sea operator awarded following a competitive tender process, THREE60 Energy sa

about 1 year ago
Maersk’s Stillstrom deploys offshore charging system in Port of Aberdeen
Business Developments & Projects

Maersk’s Stillstrom deploys offshore charging system in Port of Aberdeen

Stillstrom, Maersk’s offshore power and charging solutions developer, has deployed its Offshore eCharger system in a marine environment in Port of Aberdeen ahead of full offshore trials. The offshore charging system was deployed on Maersk Lifter, a multi-purpose anchor handling tug supply vessel (AH

about 1 year ago
Borgland Dolphin drilling rig; Source: Dolphin Drilling
Business Developments & Projects

Dolphin Drilling getting over $20M for rig cancellation

Dolphin Drilling has struck a deal with a North Sea operator to receive a compensation fee for the early termination of a drilling campaign one of its semi-submersible rigs was hired to carry out on the UK Continental Shelf (UKCS).

about 1 year ago
Syroco
Business Developments & Projects

TotalEnergies-chartered tanker cuts fuel use by up to 21% with wind propulsion, weather routing

French software provider Syroco has released the performance data obtained from the first months of deployment of the wind propulsion system and weather optimization technology installed on TotalEnergies-chartered tanker Alcyone.

about 1 year ago
Ren-Gas picks Sunfire’s electrolyzer for its renewable e-methane plant in Finland
Business Developments & Projects

Ren-Gas picks Sunfire’s electrolyzer for its renewable e-methane plant in Finland

German electrolyzer manufacturer Sunfire will deliver 50 megawatt (MW) electrolyzer capacity for Nordic Ren-Gas’ renewable e-methane plant in Tampere, Finland.

about 1 year ago
TDI-Brooks
Business Developments & Projects

TDI-Brooks wraps up seabed coring project for Suriname’s national oil company

U.S.-based TDI-Brooks International, contracted by GeoPartners, has finalized a seabed survey project for Staatsolie Maatschappij Suriname, the country’s national oil company. According to TDI-Brooks, the Suriname Seabed Piston Coring project involved the acquisition, processing, and interpretation

about 1 year ago