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Business Developments & Projects

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Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing
Business Developments & Projects

Avenir LNG pivots to pure play shipping and trading, eyes potential Oslo listing

In a major strategic realignment, UK-based midstream LNG & BioLNG company Avenir LNG has revealed its intent to divest from the HIGAS LNG storage terminal in Sardinia, Italy, as part of a shift to ‘exclusively’ focus on providing ‘efficient and sustainable’ small-scale liquefied natural gas (LNG) su

about 2 years ago
Two large vessels at sea surrounded by four smaller ones
Business Developments & Projects
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First LNG cargo from floating terminal offshore Mexico sets sail for Europe (Video)

U.S. energy infrastructure player New Fortress Energy (NFE) has reached another milestone at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico with first full cargo and sail away.

about 2 years ago
US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland
Business Developments & Projects

US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland

The U.S. Department of Energy (DOE) has granted $2.5 million for the development and demonstration of advances in fuel cell technology at the Port of Oakland.

about 2 years ago
Geotechnical survey wraps up for first phase of South Korean floating wind project
Business Developments & Projects

Geotechnical survey wraps up for first phase of South Korean floating wind project

Korea Floating Wind (KF Wind), owned by Ocean Winds, Mainstream Renewable Power, and Kumyang Electric Co., has completed the geotechnical survey for the first phase of its 1,125 MW floating offshore wind project in South Korea. The first phase of the project, called East Blue Power, has a potential

about 2 years ago
A jack-up rig offshore
Business Developments & Projects

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 2 years ago
A large group of people standing in front of a vessel
Business Developments & Projects

Greek operator names LNG carrier

Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 2 years ago
Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds
Business Developments & Projects

Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds

Compared to a Newcastlemax bulk carrier powered by conventional very low sulfur fuel oil (VLSFO) and one powered by green ammonia, a nuclear-powered Newcastlemax bulk carrier could sail longer, faster, and cheaper, without producing greenhouse gas (GHG) emissions, a new study found. Amsterdam-based

about 2 years ago
FSRU Toscana returning to Livorno; Source: OLT Offshore LNG Toscana
Business Developments & Projects

With Italian FSRU en route to its post, tender goes up to secure LNG needed for cool-down and gas-up ops

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has kicked off the required procedure to bring its floating storage and regasification unit (FSRU) back online since maintenance activities have been wrapped up and the u

about 2 years ago
US underwater robot starts commercial ops at Gulf of Mexico field
Business Developments & Projects

US autonomous underwater robot starts commercial ops in Gulf of Mexico

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has commenced commercial operations of its flagship underwater vehicle Aquanaut Mark 2, following the completion of qualification testing. The Aquanaut deemed Vehicle 2 completed the qualification testing at a d

about 2 years ago
MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg
Business Developments & Projects

MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg

Electrolysis specialist Quest One, a subsidiary of MAN Energy Solutions (MAN ES), has opened a new “gigahub” for the serial and automated production of electrolysis stacks in Hamburg, Germany.

about 2 years ago
Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

UK study maps out complex tidal flows around ‘world’s most powerful tidal turbine’

A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida

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

$1.7 billion drilling campaign for 144 wells unleashing additional oil & gas before 2025 ends while hinting at more to come

Three player have given birth to the Turnwell joint venture, which is now in charge of handling an initial 144-well program, whose completion has been accelerated to unlock unconventional oil and gas resources from the wells by the fourth quarter of 2025 while giving out clues about the potential fo

about 2 years ago
NKT begins expansion of Danish power cable production
Business Developments & Projects

NKT begins expansion of Danish power cable factory

Denmark-headquartered power cable manufacturer and installation company NKT has begun construction to expand its cable factory in Asnaes to increase medium-voltage power cable production capacity to support growing demand across Europe. NKT held the groundbreaking ceremony for the expansion of the c

about 2 years ago
Yinson and Provaris to work on CO2 storage and marine transport solutions
Business Developments & Projects

Yinson and Provaris to work on CO2 storage and marine transport solutions

Australian company Provaris Energy has teamed up with Yinson Production, an independent owner and operator of floating, production, storage, and offloading (FPSO) vessels, to assess the viability of adapting Provaris’ proprietary tank design for compressed hydrogen to develop alternatives for bulk-s

about 2 years ago