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Business Developments & Projects

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A large vessel at sea with a smaller vessel accompanying it
Business Developments & Projects

US offshore crewing player enters second country in ‘booming’ Caribbean oil & gas market

Core Group Resources (CGR), a Texas-based firm specializing in the provision of personnel for, among others, the offshore industry, has acquired Guyana’s provider of personnel and operational support for the oil and gas industry Core Nations, previously known as Nations.

about 2 years ago
New EU-funded project launched to replace fossil fuels in maritime transport
Business Developments & Projects

New EU-funded project launched to replace fossil fuels in maritime transport

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A group of eleven European partners has launched a new project that seeks to replace the use of fossil fuels and reduce emissions and marine pollution, leading to the decarbonization of maritime transport. The project named MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime tra

about 2 years ago
MEO Group and Taihan MoU
Business Developments & Projects

MEO Group and Taihan Cable & Solution sign offshore wind MoU

Myclin Express Offshore (MEO Group) and South Korea’s Taihan Cable & Solution have signed a memorandum of understanding (MoU) to collaborate on offshore wind projects. Together, MEO Group and Taihan plan to foster collaboration on offshore wind projects, especially in South Korea, with the deploymen

about 2 years ago
Lhyfe and Elyse Energy’s e-methanol project in France gaining ground
Business Developments & Projects

Lhyfe and Elyse Energy’s e-methanol project in France gaining ground

The conclusions of the initial studies on the e-methanol project Green Coast will be communicated in 2025, according to Lhyfe and Elyse Energy. The project is currently under development and is subject to the granting of operating licences, building permits and financial investment decisions.

about 2 years ago
Illustration; Source: MODEC
Business Developments & Projects

MODEC and Toyo set up shop in India for FPSO work

Offshore Frontier Solutions, a MODEC Group company, has joined forces with Toyo Engineering India Private to establish a global capability center in Bengaluru, India, which will be a joint venture company, called TOYO MODEC OFS India (OFS India).

about 2 years ago
A large vessel with LNG written on the side near the shore with four plants
Business Developments & Projects

Singaporean-Korean pair shakes hands on joint LNG procurement

Singapore’s Energy Market Authority (EMA) and Korea Gas Corporation (KOGAS) have penned a memorandum of understanding (MoU) to expand their cooperation in the liquefied natural gas (LNG) arena.

about 2 years ago
The CGEN team L-R Mike Galbraith, Joe Burchell, Markus Mueller. CREDIT Mocean Energy
Business Developments & Projects

UK spinout rolls out modular generator to slash offshore renewables costs (Video)

CGEN Engineering, a new spinout company from the University of Edinburgh, has launched a modular generator system, designed to cut offshore renewables’ levelized energy cost (LCOE) by 10% to 15%. According to the University of Edinburgh, the lightweight, stackable system, suited for wave, tidal, an

about 2 years ago
Largest US CO2 offshore storage site comes into ExxonMobil's hands
Business Developments & Projects

Largest US CO2 offshore storage site comes into ExxonMobil’s hands

U.S. energy giant ExxonMobil has secured access to over 271,000 acres of offshore CO2 storage in Texas state waters, said to be the largest of its kind in the U.S., through a lease with the Texas General Land Office (GLO). This is said to add significant storage potential to ExxonMobil’s carbon capt

about 2 years ago
K Line and partners to evaluate CCS opportunities in Alaska
Business Developments & Projects

K Line and partners to evaluate CCS opportunities in Alaska

Japanese companies Sumitomo Corporation and Kawasaki Kisen Kaisha (K Line) have signed a joint study agreement with the U.S.-based oil and natural gas producer Hilcorp to explore carbon capture and storage (CCS) opportunities in Alaska. Under the agreement, the three companies will conduct a feasibi

about 2 years ago
NAM, a Shell-Exxon joint venture, which is paying compensation for homes damaged by seismic activity due to gas extraction in Groningen province, is anticipating the sale of its offshore assets in mid
Business Developments & Projects

As Shell-ExxonMobil JV awaits divestment of offshore assets, Dutch govt facing lawsuit over gas field closure

NAM, a 50/50 joint venture (JV) between the UK-based Shell and the U.S.-headquartered ExxonMobil, is expecting to close its exploration and gas production chapter in the North Sea after more than 60 years next year. However, the inability to settle the dispute regarding the end of gas extraction act

about 2 years ago
Adriatic I jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Shelf Drilling’s jack-up pair finds more rig work in Nigeria

Shelf Drilling has secured more assignments for two rigs in its jack-up fleet, which will carry out drilling activities off the coast of Nigeria.

about 2 years ago
ABS to establish and maintain US Center for Maritime Innovation
Business Developments & Projects

ABS to establish and maintain US Center for Maritime Innovation

The United States Maritime Administration’s (MARAD) Office of Environment and Innovation has selected ABS to establish and maintain the U.S. Center for Maritime Innovation under a five-year cooperative agreement.

about 2 years ago
BIMCO
Business Developments & Projects

BIMCO introduces first management agreement for autonomous ships

The world’s largest shipping association BIMCO has unveiled that its Documentary Committee has approved the AUTOSHIPMAN agreement, a contractual framework designed to support the rising number of remotely controlled vessels as the maritime industry inches closer to its climate neutrality goals. As d

about 2 years ago
FPSO Kaombo Norte; Source: TotalEnergies
Business Developments & Projects

Angola seeks ‘sustainable’ oil & gas exploration to keep its diversification engine running

Angola is determined to continue its hydrocarbon exploration and bring new oil and gas projects online while curbing its greenhouse gas (GHG) emissions footprint and enriching its energy arsenal with renewable energy sources to pave the way for a just energy transition.

about 2 years ago