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Business Developments & Projects

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Canadian-French duo to work on $8 bln green hydrogen and ammonia project in Newfoundland
Business Developments & Projects

Canadian-French duo to work on $8 bln green hydrogen and ammonia project in Newfoundland

French low-carbon energy company EDF and Canada’s energy transition developer Abraxas Power have agreed to jointly develop a green hydrogen and ammonia project in Central Newfoundland, Canada. To this end, the companies have entered into strategic development agreements for the $8.5 billion Exploits

about 1 year ago
António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth
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Business Developments & Projects

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read
Wallenius Wilhelmsen
Business Developments & Projects

Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge

Norwegian shipping and logistics company Wallenius Wilhelmsen has decided to launch a re-engineered bunker adjustment factor, BAF2.0, to prepare for future fuels on the path to net-zero emissions by 2040.

about 1 year ago
CMA CGM welcomes another LNG-powered newbuild
Business Developments & Projects

CMA CGM welcomes another LNG-powered newbuild

French shipping giant CMA CGM has taken delivery of another LNG-powered newbuild from South Korean shipbuilder Samsung Heavy Industries. The shipowner announced the delivery of CMA CGM Fort Diamant via social media on November 18, 2024. The dual-fuel LNG ship is 168 meters long and has a 7,362 TEU c

about 1 year ago
Transocean Barents rig; Source: OMV Petrom
Business Developments & Projects

WATCH: Transocean rig comes to Southeastern Europe for 540-day drilling gig on €4 billion gas project

Transocean is expected to kick off drilling activities in the Black Sea next year, after one of its semi-submersible rigs, which was hired for a gas project off the coast of Romania, arrived in Constanta.

about 1 year ago
Arnold Schwarzenegger and Inna Braverman visiting the Wave Energy Conversion Unit in the Port of LA. Source: Eco Wave Power
Business Developments & Projects

Eco Wave Power gears up for first US onshore wave energy pilot installation

Eco Wave Power has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its wave energy pilot project at the Port of Los Angeles, marking a step toward the first U.S. onshore wave energy installation. According to Eco Wave Power, the permit, granted under NWP 52 for W

about 1 year ago
Aerial view of an offshore platform
Business Developments & Projects

Trillion pressing on with ops to unlock full potential of Black Sea gas wells

Canada’s oil and gas player Trillion Energy is progressing with velocity string operations on its production platform at a gas field offshore Türkiye.

about 1 year ago
Marinus LiDAR moored in Holyhead pre launch
Business Developments & Projects

Buoy back in action for Morlais wildlife monitoring

Menter Môn-managed buoy, linked to the Morlais tidal energy scheme off the coast of north Wales, has been redeployed to monitor marine wildlife as the project gears up for operations in 2026. The unmanned Marinus LiDAR buoy, first deployed in 2023, recently underwent rigorous testing and refurbishme

about 1 year ago
Baleària’s €135 million sustainability project scores Tarifa-Tangier Ville route contract
Business Developments & Projects

Baleària’s €135 million sustainability project scores Tarifa-Tangier Ville route contract

Spanish ferry operator Baleària has been awarded the contract to operate the intercontinental shipping line between Tarifa and Tangier Ville, following the evaluation of three offers.

about 1 year ago
Allseas waves goodbye to shallow-water pipelay barge after 27 years
Business Developments & Projects

Allseas waves goodbye to shallow-water pipelay barge after 27 years

Dutch offshore contractor Allseas is bidding farewell to a shallow-water pipelay barge it purchased in 1997, after having installed over 400 kilometers of nearshore pipeline across the world. Allseas has sold its 154-meter-long Tog Mor barge for repurpose after it ran aground in Mexico in September

about 1 year ago
Well-Safe Solutions has secured two contracts worth $25 million for well decommissioning operations in the UK Continental Shelf (UKCS)
Business Developments & Projects

Well-Safe Solutions wins $25M well decom contracts in North Sea with extra $25M options

Aberdeen-based decommissioning services provider Well-Safe Solutions has secured two contracts worth $25 million for well decommissioning operations in the UK Continental Shelf (UKCS), with an additional $25 million in options for work extending into 2025 and 2026. Under the firm scope, which spans

about 1 year ago
LNG tanks under constructions by the sea
Business Developments & Projects

Work done on Korea’s oil & LNG terminal with transformation into ‘carbon-neutral energy hub’ next on the agenda

Korea Energy Terminal (KET), a joint venture (JV) between Korea National Oil Corporation (KNOC) and SK Gas, has held a completion ceremony for its terminal at the North Port of Ulsan, South Korea.

about 1 year ago
COSCO
Business Developments & Projects

COSCO Shipping’s green and smart terminal in Peru begins operation

COSCO Shipping Chancay Peru Terminal, the Chinese shipping major’s first green and smart port investment in South America, has commenced operation.

about 1 year ago
Deepsea Bollsta rig; Source: Equinor
Business Developments & Projects

Odfjell Drilling-managed rig going back to Europe for multimillion-dollar work in Norwegian waters

Northern Ocean (NOL) has won a short-term gig with an undisclosed operator and a long-term assignment with Norway’s energy giant Equinor on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently in Africa.

about 1 year ago