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Business Developments & Projects

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Shearwater's 2025 to-do list expands with deepwater gig for TotalEnergies
Business Developments & Projects

Shearwater’s 2025 to-do list expands with deepwater gig for TotalEnergies

Norwegian marine geoscience and technology company Shearwater GeoServices is set to carry out an ocean bottom node (OBN) survey in Angola for French energy giant TotalEnergies at the beginning of 2025. The deepwater OBN survey will be performed by the dual ROV-equipped SW Tasman, the fit-for-purpose

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

McDermott offloading storage business arm for $475 million six years after merger

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McDermott has set the sale of its storage business line in motion, with a newly inked agreement, following its marketing process which culminated in a winning offer from a consortium of financial investors, led by Mason Capital Management. The U.S. giant will use the cash from the divestment to sett

about 2 years ago
Alfa Laval set to supply first fuel systems for ammonia-fueled ships by end of 2025
Business Developments & Projects

Alfa Laval set to supply first fuel systems for ammonia-fueled ships by end of 2025

Having delivered two test systems for ammonia-fueled engines developed by Swiss engine designer WinGD, Swedish marine technology company Alfa Laval is gearing up to supply its first fuel systems for ammonia-fueled vessels by the end of 2025. Building on the partnership with WinGD established in late

about 2 years ago
People standing in front of a screen that says ASEAN energy sector Methane Leadership Program 2.0, Turning Capacity into Action
Business Developments & Projects

Petronas inks gas supply deal and explores decarbonization avenues by extending regional methane reduction program

Malaysia’s state-owned energy firm Petronas has inked a gas sales agreement (GSA) for its subsidiary Malaysia Petroleum Management (MPM) to deliver gas to compatriot firm Sabah Electricity Sdn. Bhd. (SESB). The oil and gas giant has also teamed up with energy players from the Association of Southeas

about 2 years ago
Design of BP's Kaskida FPU; Source: Exmar Offshore
Business Developments & Projects

BP books TechnipFMC on multimillion-dollar job at its first 20K tech oil project

BP has picked TechnipFMC for work at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.

about 2 years ago
New UK-Singapore partnership to boost green and digital shipping
Business Developments & Projects

New UK-Singapore partnership to boost green and digital shipping

UK’s Imperial College London and the Maritime and Port Authority of Singapore (MPA) have signed a memorandum of understanding (MoU) aimed at advancing innovations in zero-carbon shipping and achieving net-zero port emissions to support the decarbonization of the maritime sector.

about 2 years ago
Atlantic Zonda drillship; Source: Pelago Management
Business Developments & Projects

Brazil-bound seven-gen drillship all set for inaugural drilling job with Petrobras (Gallery)

With upgrades and sea trials now out of the way, a newbuild ultra-deepwater drillship is ready to embark on a voyage to Brazil, where it will begin its maiden offshore drilling assignment with the South American country’s energy giant Petrobras. Once Eldorado Drilling, an offshore drilling player ba

about 2 years ago
Cameron McNatt, Mocean Energy Managing Director and Davis Larssen, Proserv CEO.
Business Developments & Projects

Wave, solar, and battery tech intertwining for greener subsea ops as Mocean Energy joins forces with UK firm to fast-track offshore decarbonization

Scottish wave energy company Mocean Energy and Aberdeen-based controls specialist Proserv have signed a memorandum of understanding (MoU) to accelerate the shift to low-carbon solutions for underwater operations. The duo aims to replace traditional umbilical power cables with a renewable-powered al

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

Norway tweaking 2025 national budget to fit Equinor offshore projects’ cost overruns

Norway’s Ministry of Energy has listed the status of 13 projects, either under development or recently completed, out of 19 operated by the Norwegian state-owned energy giant Equinor in the country’s proposed budget for next year.

about 2 years ago
Winners of EU’s pilot hydrogen auction sign grant agreements
Business Developments & Projects

Winners of EU’s pilot hydrogen auction sign grant agreements

Six out of seven projects, selected for EU financial support in the Innovation Fund’s pilot hydrogen auction (IF23 Auction), have signed their respective grant agreements. One project withdrew from the process.

about 2 years ago
Haiji-2 offshore China (for illustration purposes); Source: CNOOC
Business Developments & Projects

Oil flows from another offshore project in eastern Asia

China National Offshore Oil Corporation (CNOOC) has brought online an oilfield development project off the coast of China in eastern Asia on the western shore of the Pacific Ocean.

about 2 years ago
Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major
Business Developments & Projects

Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major

UK-based midstream LNG & BioLNG company Avenir LNG has signed a time charter party (TCP) with LNG Shipping, a subsidiary of Italian energy major Eni, for one of its LNG bunker vessels. Under the multi-year deal, Eni will charter the 7,500 cubic meter (cbm) LNG bunker vessel Avenir Aspiration, commen

about 2 years ago
NoviOcean power plant that combines wave, wind and solar energy.
Business Developments & Projects

NoviOcean sets sights on equity crowdfunding campaign

Swedish cleantech startup NoviOcean, formerly known as Novige, is gearing up to launch an equity crowdfunding campaign through R Europe, formerly Seedrs. This initiative will offer investors a chance to acquire equity in the company as it drives forward the commercialization of sustainable wave powe

about 2 years ago
Gasum partners with Wasaline to build commercial FuelEU Maritime pooling service
Business Developments & Projects

Gasum partners with Wasaline to build commercial FuelEU Maritime pooling service

Nordic energy company Gasum has joined forces with Finnish shipping company Wasaline to build the first large-scale commercial FuelEU Maritime pooling service, providing a way for conventional fuel vessels to save on compliance costs as the regulation enters into force in January 2025. Established t

about 2 years ago