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Business Developments & Projects

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Business Developments & Projects

NGO calls for more action to mitigate oil spill risk before production restart of pipeline connected to platform trio off California

Santa Barbara-based nonprofit Environmental Defense Center (EDC) has urged the government to postpone the restart of a pipeline in California that caused an oil spill nine years ago until the state provides access to all relevant documentation, conducts an environmental review, and enables public en

about 2 years ago

Business Developments & Projects

Hapag-Lloyd orders LNG dual-fuel containership fleet

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Germany-based container shipping major Hapag-Lloyd has placed orders for up to thirty liquefied natural gas (LNG) dual-fuel container vessels in China.

about 2 years ago

Cygnus gas field in the southern North Sea; Source: Neptune Energy, which became part of Eni following merger and is now part of enlarged Ithaca Energy

Business Developments & Projects

Ithaca-Eni upstream oil & gas combination gives birth to UK’s ‘largest resource holder’ in North Sea

Eni has fused its upstream assets in the UK, excluding East Irish Sea ones and carbon capture, utilization, and storage (CCUS) activities, with Delek’s Ithaca Energy, a North Sea oil and gas operator and producer.

about 2 years ago

Business Developments & Projects

Formal planning process for UK tidal scheme starts, with public consultations following

Liverpool City Region Mayor has unveiled that the first public consultation for the Mersey Tidal Power project started just days after the formal planning process was initiated. This six-week consultation allows the public and local organizations to review and comment on the project’s early proposal

about 2 years ago

A photo of the vessel MV Kaiyu sailing next to a wind turbine in a port

Business Developments & Projects

Newly established survey company in Japan completes its first contract

Japanese “K” Line Wind Service (KWS) and Singapore-headquartered EGS Survey (EGS) have established a joint venture company specializing in offshore geo-surveys which recently completed its first survey contract for the Happo-Noshiro offshore wind project. At the Happo-Noshiro site(s), located off th

about 2 years ago

Business Developments & Projects

$45M public offering to help Kraken Robotics with expansion and acquisitions

Canada-headquartered marine technology player Kraken Robotics is set to receive a bought deal public offering of $45 million, with the net proceeds to be used for the company’s long-term strategy, including expansion and acquisitions, among others. Kraken Robotics has amended its agreement with Corm

about 2 years ago

Business Developments & Projects

Yinson unit sets plan for Singapore’s next fully electric cargo vessel in motion

MarinEV, marine electrification business of Singapore-based green technology solutions provider Yinson GreenTech (YGT), has launched the Hydromover 2.0 project, a part of the company’s Hydromover product line of zero-emission electric vessels for light cargo transfer within the port of Singapore, wi

about 2 years ago

NAGA 6 jack-up rig; Source: Velesto Energy

Business Developments & Projects

Another Velesto jack-up rig ready for five more years of drilling ops with SPS out of the way

Velesto Energy has wrapped up the mandatory five-yearly special periodical survey (SPS) for one of its jack-up rigs on time, thus, the rig will go to Sarawak to continue its drilling assignment with an affiliate of the Southeast Asian country’s energy giant Petronas.

about 2 years ago

Business Developments & Projects

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 2 years ago

Business Developments & Projects

Yara inaugurates new ammonia import terminal in Germany

Norwegian ammonia trade and shipping company Yara International has officially opened its new ammonia import terminal in Brunsbüttel, Germany, providing the infrastructure to enable imports of up to three million tonnes of low-emission ammonia to Europe annually. The company inaugurated the new term

about 2 years ago

Business Developments & Projects

Wallenius Sol launches new biogas offering

Wallenius Sol has launched a new biogas offering that enables customers to “lighten the load” by purchasing liquefied biogas (LBG) corresponding to their transport’s fuel consumption.

about 2 years ago

A heat exchanger being loaded onto a ship

Business Developments & Projects

Honeywell wraps up takeover of Air Products’ LNG business

U.S.-based technology firm Honeywell has completed the acquisition of liquefied natural gas (LNG) process technology and equipment business from Air Products, a compatriot industrial gases supplier. The closing conditions for the all-cash transaction, first announced in July, have been fully met wit

about 2 years ago

Australia's light blue beach representing an Indigenous-led research report that has proposed a cultural license to operate (CLO) framework to help industries collaborate with First Nations

Business Developments & Projects

Australian research institutions set seven recommendations for advancement of wave energy industry

The Blue Economy Cooperative Research Centre (CRC) has unveiled a report, led by the University of Western Australia, outlining seven key recommendations to drive the advancement of Australia’s wave energy industry. According to Blue Economy CRC, wave energy could boost Australia’s AUD 118 billion (

about 2 years ago

Installation works wrap up at Wilhelmshaven 2 LNG terminal; Source: Geocean

Business Developments & Projects

With installation ops done, Germany’s new LNG terminal ready for FSRU connection to gas grid (Video)

ECOnnect Energy is nearing the last mile of the installation work related to a jettyless ready IQuay solution for liquefied natural gas (LNG) import to Germany’s second terminal in Wilhelmshaven.

about 2 years ago