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Business Developments & Projects

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Sullom Voe Terminal; Source: Veri Energy
Business Developments & Projects

Trio enriches offshore electrification of oil & gas assets in UK and Norway with carbon capture

Three players have embarked on a decarbonization mission to bring offshore electrification operations to new heights in the UK and Norway by throwing carbon capture solutions into the mix to curb oil and gas installations’ carbon footprint.

about 2 years ago
An offshore platform
Business Developments & Projects

Norwegian firm lands waste management gig on Equinor’s North Sea platform

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Norway-based cleantech service provider Soiltech has won a solid waste management contract with compatriot energy heavyweight Equinor for one of its platforms in the North Sea.

about 2 years ago
The CorPower 4 wave energy device offshore Porgual (Courtesy of CorPower Ocean)
Business Developments & Projects

CorPower Ocean locks €32M funding to scale wave energy commercialization

Swedish company CorPower Ocean has secured €32 million in Series B1 funding to advance the commercialization of its wave energy technology, marking a step towards making wave power a mainstream, bankable energy source. This latest investment round, the largest single investment into CorPower’s techn

about 2 years ago
FPSO Maria Quitéria; Source: Yinson Production
Business Developments & Projects

FPSO offshore Brazil sees first oil sooner than planned

A Yinson Production-operated floating production, storage, and offloading (FPSO) unit chartered by Brazilian state-owned oil and gas giant Petrobras has produced first oil in the pre-salt Campos Basin offshore Brazil.

about 2 years ago
18 companies unite for joint industry partnership to accelerate CCUS projects
Business Developments & Projects

18 companies unite in joint industry partnership to accelerate CCUS projects

Consulting and engineering firm Wood has established and is leading a joint industry partnership (JIP) to accelerate carbon capture, utilization, and storage (CCUS) projects through the creation of industry guidelines for CO2 specifications. Wood set up the JIP to collate industry research and the e

about 2 years ago
MT Group to build hydrogen production and refueling station at Port of Klaipeda
Business Developments & Projects

MT Group to build hydrogen production and refueling station at Port of Klaipeda

MT Group has signed a contract with the Klaipeda State Seaport Authority to build a green hydrogen production and refueling station in the Port of Klaipeda.

about 2 years ago
blue tidal turbine named D10
Business Developments & Projects

Inyanga Marine Energy takes charge of France’s first grid-connected tidal turbine

Inyanga Marine Energy Group has taken control of the D10 tidal turbine, the first grid-connected tidal turbine in France, securing permission to operate the facility in the Fromveur Passage, off the coast of Brittany, until August 2028. The turbine, which delivers clean energy to the island of Usha

about 2 years ago
electric pilot boat
Business Developments & Projects

New fully-electric pilot boat marks Sweden’s step toward greener operations

UK-based maritime design and applied technologies company Artemis Technologies has won the tender to supply the Swedish Maritime Administration (SMA) with a fully electric pilot boat, marking a crucial milestone in Sweden’s ambition to transition toward fossil-free maritime operations. As disclosed,

about 2 years ago
Pressing on with fleet expansion, U-Ming books four new LNG-ready bulkers in China
Business Developments & Projects

Pressing on with fleet expansion, U-Ming books four new LNG-ready bulkers in China

On its fleet expansion quest, Taiwanese shipping company U-Ming Marine Transport has placed a new order for the construction of LNG-ready ultramax bulk carriers at New Dayang shipyard in China. Under the contract, the Chinese shipyard will build four 64,000 dwt bulk carriers with LNG-ready notations

about 2 years ago
Woodside delisting from London Stock Exchange
Business Developments & Projects

Woodside delisting from London Stock Exchange

After having reviewed its current listing structure, Australian energy giant Woodside Energy has decided to delist from the London Stock Exchange (LSE), a move set to reduce the company’s administration costs. Woodside, noting that its trading volumes on the LSE are low, has applied to the UK Financ

about 2 years ago
An illustration showing a lion breathing fire on planet Earth
Business Developments & Projects

Environmental organizations remain ‘unwavering’ as they get SLAPPed with lawsuit by Eni

Italian oil and gas giant Eni has filed an official strategic lawsuit against public participation (SLAPP) against two non-governmental organizations (NGOs), Greenpeace Italy and ReCommon.

about 2 years ago
HD KSOE
Business Developments & Projects

HD KSOE to build two ammonia carriers for mystery Oceanian company

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received an order for the construction of two very large ammonia carriers (VLAC).

about 2 years ago
Cepsa and Sonatrach join forces on green hydrogen supply from Algeria to Europe
Business Developments & Projects

Cepsa and Sonatrach join forces on green hydrogen supply from Algeria to Europe

Cepsa and Sonatrach have signed an MoU to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the European market.

about 2 years ago
Illustration; Courtesy of Inpex
Business Developments & Projects

Japanese ink another consignment contract for CCS value chain project

Japan Organization for Metals and Energy Security (JOGMEC) has signed a consignment contract with four local companies for engineering design work related to a carbon capture and storage (CCS) project. The agreement was signed with ENEOS Corporation, JX Nippon Oil & Gas Exploration Corporation, Ele

about 2 years ago