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Business Developments & Projects

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Courtesy of ADNOC
Business Developments & Projects

ADNOC finalizes purchase of OCI’s stake in seaborne exporter of ammonia Fertiglobe

ADNOC has completed the acquisition of OCI Global’s 50% + 1 shareholding in the seaborne exporter of ammonia Fertiglobe.

about 2 years ago
A rig near the coast
Business Developments & Projects

Northern Ocean using well-control solution to enhance 6th-gen semi-sub duo

Oslo Stock Exchange-listed offshore drilling contractor Northern Ocean has signed a letter of intent (LOI) with Texas-based provider of wellhead and pressure control equipment, Kinetic Pressure Control, to install the latter’s technology on its two rigs.

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about 2 years ago
PIL’s 14K TEU LNG dual-fuel boxship duo named in China
Business Developments & Projects

PIL’s 14K TEU LNG dual-fuel boxship duo named in China

Singapore-based shipping company Pacific International Lines (PIL) has named its first two 14,000 TEU LNG dual-fuel container vessels built at Jiangnan Shipyard in China as part of the liner’s fleet renewal program. The two vessels, which were named Kota Eagle and Kota Emerald at a ceremony on Octob

about 2 years ago
Emirati vessel provider wins contract in European offshore wind sector
Business Developments & Projects

GMS wins vessel contract in European offshore wind sector

Gulf Marine Services (GMS), a UAE-headquartred provider of self-propelled and self-elevating support vessels for the offshore energy sector, has raised its backlog to $505 million thanks to a new contract in Europe and the extension of two existing ones in the Middle East. GMS reported on October 10

about 2 years ago
Thor Correll Jan De Nul
Business Developments & Projects

Jan De Nul hires Correll for 1 GW Thor offshore wind farm in Denmark

Correll, part of SPIE Group, has been awarded a contract by Jan De Nul to complete the 66 kV inter-array cable (IAC) termination and testing on wind turbines for RWE’s 1 GW Thor offshore wind project in Denmark. The works are planned to commence in July 2025 with the mock-up scheduled for November 2

about 2 years ago
Höegh Autoliners’ first Aurora-class PCTC visits Port of Amsterdam
Business Developments & Projects

Höegh Autoliners’ first Aurora-class PCTC visits Port of Amsterdam

Höegh Autoliners’ first of twelve multi-fuel Aurora-class pure car and truck carriers (PCTCs) has arrived in the port of Amsterdam.

about 2 years ago
NYK’s engine facility for testing new marine fuels is up and running
Business Developments & Projects

NYK’s engine facility for testing new marine fuels is up and running

Japanese shipping company NYK has started operating its test engine facility to evaluate the safety of new fuels and shorten review time, aiming for practical use within a period of three months. NYK broke ground on the test facility in Chiba Prefecture at the beginning of the year and put it into o

about 2 years ago
Malaysian player adds new country to portfolio with formal takeover of TotalEnergies’ Brunei operations
Business Developments & Projects

Malaysian player adds new country to portfolio with formal takeover of TotalEnergies’ Brunei operations

Malaysia’s independent oil and gas exploration and production (E&P) company Hibiscus Petroleum has wrapped up the acquisition of TotalEnergies EP (Brunei) B.V., the Brunei affiliate of France’s energy giant TotalEnergies.

about 2 years ago
C-Innovation’s subsea construction vessels, C-Constructor and MV Holiday, are set to support a multi-year IMR contract with bp.
Business Developments & Projects

C-Innovation lands multi-year contract with BP for Gulf of Mexico field development

C-Innovation (C-I), an affiliate of Edison Chouest Offshore (ECO), has secured a multi-year contract with UK-based energy giant BP to provide subsea construction and inspection, maintenance, and repair (IMR) services in the Gulf of Mexico. According to C-I, the three-year contract includes the deplo

about 2 years ago
Four 2027-bound LNG carriers to feature tanks designed by France's GTT
Business Developments & Projects

Four 2027-bound LNG carriers to feature tanks designed by France’s GTT

France’s technological containment specialist Gaztransport & Technigaz (GTT) has received respective orders from Korean and Chinese shipyards for tank designs for a total of four new liquefied natural gas (LNG) carriers. In the third quarter of this year, GTT secured an order from its partner Korean

about 2 years ago
DP World
Business Developments & Projects

DP World to scale up London Gateway with £1bn investment, bolstering UK trade capacity

UAE-based logistics titan DP World is set to invest £1 billion (approximately $1.3 billion) in expanding the London Gateway facility, with the aim of increasing the terminal’s capacity and enhancing the UK’s international trade resilience. As informed, the investment will see the addition of two new

about 2 years ago
A large vessel at sea
Business Developments & Projects

Despite upturn in renewables, fossil fuels accounted for lion’s share of 2023 global energy demand, Eni report finds

Italian energy giant Eni has published the 23rd edition of its global energy statistical review, the World Energy Review (WER). In line with the trends registered over the past few decades, the report identifies a stable growth in global primary energy consumption, with fossil fuels making up four-f

about 2 years ago
VNG and partners looking into green hydrogen import from Algeria via SoutH2 Corridor
Business Developments & Projects

VNG and partners looking into green hydrogen import from Algeria via SoutH2 Corridor

Germany’s VNG, Algeria’s Sonatrach and Sonelgaz, Italy’s Snam and SeaCorridor, and Austria’s Verbund have signed a memorandum of understanding (MoU) to jointly examine the feasibility of a project for large-scale hydrogen production in Algeria and its export via planned SoutH2 Corridor to Italy, Aus

about 2 years ago
Surveys mark start of preliminary work at Trinidad and Venezuela's joint gas project
Business Developments & Projects

Surveys mark start of preliminary work at Trinidad and Venezuela’s joint gas project

A geophysical and geotechnical survey are about to begin on a gas project being developed by Shell that is set to export gas from a field in Venezuela to the UK energy giant’s platform off Trinidad and Tobago, marking the start of preliminary work on the project. Chartered by Geohidra, a Venezuelan

about 2 years ago