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Business Developments & Projects

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BREB
Business Developments & Projects

BREB gears up to deploy wind-powered methanol-ready MPP fleet in 2025

German transporation company BREB is preparing to welcome four wind-powered methanol-ready multipurpose dry cargo vessels in 2025.

about 2 years ago
Marubeni and Solvang start joint operation of ammonia carrier
Business Developments & Projects

Marubeni and Solvang start joint operation of ammonia carrier

Japanese conglomerate Marubeni Corporation has signed a partnership agreement with Norwegian shipping company Solvang to start the joint operation of an ammonia carrier as it steps up efforts to contribute to the global low-carbon ammonia value chain. Under the partnership agreement, Marubeni and So

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about 2 years ago
Aerial view of an LNG complex
Business Developments & Projects

East Asian partners’ LNG cooperation passing 50-year mark thanks to new deals

Japan’s Mitsubishi Corporation has signed new agreements with Malaysia’s state-owned energy giant Petronas, reaffirming its engagement in two of Malaysia’s liquefied natural gas (MLNG) plants owned by the latter in the country’s Sarawak region. The Japanese player is set to extend its 10% interest i

about 2 years ago
PGS head to take over as CEO of Geoquip Marine from 2025
Business Developments & Projects

PGS head to take over as CEO of Geoquip Marine from 2025

Rune Olav Pedersen, the current CEO of Norway-headquartered seismic company PGS, has been appointed as CEO of Geoquip Marine, a provider of geotechnical services to the offshore energy sector, effective from January 1, 2025. Pedersen, who will be based at Geoquip’s headquarters in Switzerland, takes

about 2 years ago
Hugin A and Valhall PWP jacket pile clusters for the Aker BP-operated Yggdrasil and Valhall PWP-Fenris developments; Source: Drydocks World
Business Developments & Projects

Newly fabricated parts set sail to join pile piecing two platforms together for work at North Sea oil & gas projects (Gallery)

Drydocks World Dubai, a part of DP World, has completed its scope of work related to jacket pile clusters for two new platforms that are slowly taking shape as different parts get constructed in preparation for deployment at two oil and gas developments in the North Sea, off the coast of Norway.

about 2 years ago
Nikkiso’s ammonia fuel retrofit solution earns ABS approval
Business Developments & Projects

Nikkiso’s ammonia fuel retrofit solution earns ABS approval

Classification society ABS has issued approval in principle (AiP) to Nikkiso Clean Energy & Industrial Gases, part of Japan’s Nikkiso Co., for an ammonia fuel supply system that can be retrofitted to existing vessels or installed on newbuilds. ABS completed design reviews based on class and statutor

about 2 years ago
Ocean BlackRhino drillship; Source: Diamond Offshore
Business Developments & Projects

Noble drillship’s drilling gig in full gear offshore West Africa

A seventh-generation drillship, which recently became part of the floater fleet belonging to the U.S. offshore drilling contractor Noble Corporation, is making progress in its drilling campaign in Africa, which is related to work offshore Guinea-Bissau.

about 2 years ago
French firm expands its work scope for one of the world’s largest deepwater fields
Business Developments & Projects

Petrobras yet again taps French tubular solutions provider for Brazil’s deepwater fields

France’s tubular solutions provider Vallourec has signed what is described to be a “significant” contract with Brazil’s state-owned energy giant Petrobras for the supply of oil country tubular goods (OCTG) and accessories for the development of Sepia 2 and Atapu 2 projects in the Santos Basin offsho

about 2 years ago
Two men on the right-hand side sitting across the table from two women and two men on the left-hand side
Business Developments & Projects

South American neighbors make hydrocarbon collaboration official

Brazilian state-owned oil and gas giant Petrobras has signed a memorandum of understanding (MoU) with Suriname’s national oil company Staatsolie Maatschappij Suriname (Staatsolie) to step up their cooperation in various aspects of the energy arena.

about 2 years ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business Developments & Projects

New oil & gas find in North Sea ends up ‘not profitable’ due to price headwinds

After making another oil and gas discovery in the North Sea, thanks to drilling activities one of Odfjell Drilling’s sixth-generation semi-submersible rigs carried out off the coast of Norway, Equinor, a Norwegian state-owned energy giant, has emphasized that the development of this discovery does n

about 2 years ago
Deep Sea No. 1 production platform; Source: CNOOC
Business Developments & Projects

‘Large-scale’ transformation of reserves from trillion-cubic-meter gas region into usable energy production brings new project online in Chinese waters

CNOOC has started production from a natural gas project in the South China Sea, where the firm recently confirmed the total proved gas in place exceeded one trillion cubic meters.

about 2 years ago
Hamburg and Singapore ports bolster maritime decarbonization ties
Business Developments & Projects

Hamburg and Singapore ports bolster maritime decarbonization ties

Germany’s Hamburg Port Authority (HPA) and the Maritime and Port Authority of Singapore (MPA) have taken the next step in their partnership by signing a letter of intent (Loi) to work on accelerating maritime decarbonization, digitalization, and cybersecurity. The agreement, signed in the presence o

about 2 years ago
A project to develop a severe weather resistant OTEC structure.
Business Developments & Projects

Storm-resilient OTEC hull nears completion, setting the stage for Atlantic Ocean testing

Seven European partners have entered the final stages in the hull construction of the storm-resistant ocean thermal energy conversion (OTEC) prototype at Hidramar Shipyard in Gran Canaria, Spain. Developed under the EU-funded project PLOTEC, the initiative is now progressing towards the installation

about 2 years ago
UK’s 'biggest ever' electricity transmission project enters construction
Business Developments & Projects

UK’s ‘biggest ever’ electricity transmission project enters construction

Construction has officially started on what is said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country, named Eastern Green Link 2 (EGL2). The £4.3 billion, 525kV, 2 GW HVDC subsea transmission cable will link Peterhea

about 2 years ago