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Business Developments & Projects

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Jackdaw platform; Source: Aker Solutions
Business Developments & Projects

Shell and Equinor weeks away from court fight over two mega oil & gas projects in UK waters

The legal battle that may decide the fate of two of the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) is fast approaching with less than three weeks left until the set date.

about 2 years ago
FPSO Sepetiba; Source: SBM Offshore
Business Developments & Projects

SBM Offshore sells partial stake in Brazilian FPSO to Chinese player

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SBM Offshore has offloaded a minority stake in a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin off the coast of Brazil.

about 2 years ago
FPSO Errea Wittu; Source: MODEC
Business Developments & Projects

MODEC tucks new milestone for Guyana-bound FPSO hull under its belt

MODEC has achieved further progress in the construction of an FPSO hull, which will be deployed at ExxonMobil’s oil development off Guyana.

about 2 years ago
Brage platform; Source: OKEA
Business Developments & Projects

Stamp of approval for North Sea operator to kick off drilling ops

Norwegian oil and gas company OKEA has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off the coast of Norway.

about 2 years ago
Shelf Drilling Barsk (former Noble Lloyd Noble) jack-up rig; Source: Jamie Baikie/Equinor
Business Developments & Projects

With clearance in hand, Shelf Drilling focuses on final rig prep for ops in Norwegian waters

Shelf Drilling has now received the Norwegian offshore safety regulator’s stamp of approval after the watchdog’s initial rejection of its application to obtain an acknowledgment of compliance (AoC) for one of its jack-up rigs, which is gearing up for work on the Norwegian Continental Shelf (NCS) wit

about 2 years ago
Inyanga Marine Energy Group has launched a crowdfunding campaign to support the expansion of its patented tidal energy technology, HydroWing
Business Developments & Projects

Inyanga Marine Energy kicks off crowdfunding for its tidal energy technology

UK-based Inyanga Marine Energy Group has launched a crowdfunding campaign to support the expansion of its patented tidal energy technology, HydroWing, after landing $53 million in major tidal energy projects. According to Inyanga Marine Energy, the crowdfunding round, launched in partnership with Cr

about 2 years ago
A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam
Business Developments & Projects

OEEC 2024: A lot to talk about

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 2 years ago
TGS sees record-high OBN contract activity following merger with PGS
Business Developments & Projects

TGS sees record-high OBN contract activity following merger with PGS

Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity le

about 2 years ago
Ashtead Technology has signed an agreement with Acteon Group to acquire Seatronics and J2 Subsea for £63 million (approximately $81.6 million)
Business Developments & Projects

Ashtead Technology buys two firms from Acteon in deal worth nearly $82 million

UK-headquartered subsea equipment rental and solutions provider Ashtead Technology has signed an agreement with Acteon Group to acquire Seatronics and J2 Subsea for £63 million (approximately $81.6 million), expanding its subsea survey and robotics rental portfolio by 30%. The acquisition expands A

about 2 years ago
‘Challenging conditions’ prompt Neste to discontinue initial green hydrogen project at Porvoo refinery
Business Developments & Projects

‘Challenging conditions’ prompt Neste to discontinue initial green hydrogen project at Porvoo refinery

Amid “challenging market conditions and financial performance”, Finnish oil refining and marketing company Neste has decided to re-evaluate its plans for renewable hydrogen production and withdraw from investing in a 120 MW electrolyzer at its Porvoo refinery. Originally, Neste’s plan included build

about 2 years ago
TES teams up with Japanese equity fund to scale e-NG production
Business Developments & Projects

TES teams up with Japanese equity fund to scale e-NG production

Tree Energy Solutions (TES), a Belgium-based producer of electric natural gas derived from green hydrogen (e-NG), and Advantage Partners (AP), a Japanese private equity fund, are in discussions to explore potential investments in TES’ e-NG projects.

about 2 years ago
EU-backed project to support decarbonization through ‘innovative’ decision-making system
Business Developments & Projects

EU-backed project to support decarbonization through ‘innovative’ decision-making system

A consortium, including Finnish technology group Wärtsilä, has set sights on the development of a new system for the maritime industry that is aimed at improving access to reliable data to enable smarter shipping decisions related to decarbonizing fleet operations. The project, named ‘TwinShip’*, is

about 2 years ago
Van Oord’s hybrid cable layer debuts at RWE's 1.4 GW offshore wind farm
Business Developments & Projects

Van Oord’s hybrid cable layer debuts at RWE’s 1.4 GW offshore wind farm

Van Oord’s new, next-generation cable-laying vessel (CLV) Calypso has begun installing cables at its first offshore wind project, marking its official debut. Calypso’s first project is RWE’s Sofia offshore wind farm, being constructed on Dogger Bank in the central North Sea, 195 kilometers from the

about 2 years ago
Spanish company ACCIONA has unveiled a new circular, eco-friendly breakwater concept for floating solar systems as part of the EU-funded SUREWAVE project.
Business Developments & Projects

Floating solar systems to use recyclable materials in EU-backed project

Through its Construction Technology Center, Spanish company ACCIONA has unveiled a new circular, eco-friendly breakwater concept for floating solar systems as part of the EU-funded SUREWAVE project. This breakwater is designed to shield offshore floating photovoltaic (FPV) systems from harsh sea con

about 2 years ago