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Business Developments & Projects

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Illustration; Source: BV
Business Developments & Projects

Closing ‘reality gap’ between net zero ambition and energy transition action requires US and EU to pull all decarbonization levers

McKinsey & Company, a global management consulting firm, highlights the need to up the climate action ante by scaling up interrelated low-emission and green technologies.

about 2 years ago
Knutsen welcomes eighth energy-efficient LNG carrier for charter with Shell
Business Developments & Projects

Knutsen welcomes eighth energy-efficient LNG carrier for charter with Shell

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Norwegian shipping company Knutsen Group has received new energy-efficient LNG carrier for charter with energy giant Shell from South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI). The 174,000 cubic meter LNG carrier named Nantes Knutsen was delivered to the shipowner on September 13, 202

about 2 years ago
CSS Subsea, a subsea engineering solutions provider, has been acquired by a UK-based subsea company Artina, expanding both companies' capabilities in the global energy services market.
Business Developments & Projects

New ownership for Swiss subsea engineering solutions provider

CSS Subsea, a subsea engineering solutions provider, has been acquired by a UK-based subsea company Artina, expanding both companies’ capabilities in the global energy services market. After five years as part of CSS Group, CSS Subsea will now operate as Deepwave under new ownership. The transition

about 2 years ago
Zama graphic; Credit: Wintershall Dea
Business Developments & Projects

Mexico’s top oil & gas projects under development: Coming to grips with main hydrocarbon challenges and obstacles at home and abroad

Mexico’s energy officials have offered a glimpse into the prospects for the exploration and extraction of hydrocarbons not only in the domestic playground but also the international one, under the backdrop of economic, geopolitical, and energy transition woes and opportunities.

about 2 years ago
MOL and Chevron to equip newbuild LNG carrier with wind-assisted propulsion
Business Developments & Projects

MOL and Chevron to equip newbuild LNG carrier with wind-assisted propulsion

Japanese shipping major Mitsui O.S.K. Lines (MOL) and Chevron Shipping Company, a subsidiary of energy company Chevron, have signed an agreement to install Wind Challenger, a hard sail wind-assisted ship propulsion system, on a newbuild LNG carrier. The vessel is said to be the world’s LNG carrier t

about 2 years ago
Proteus Marine Renewables' worker
Business Developments & Projects

Proteus Marine Renewables starts crowdfunding campaign to propel tidal energy commercialization

UK-based tidal energy company Proteus Marine Renewables (PMR) has launched a crowdfunding campaign to support its technology commercialization program. On 9 September, PMR opened early access to crowdfunding through Crowdcube. “With key global sites primed for tidal energy adoption and the market f

about 2 years ago
LS Cable & System looking to enter hydrogen value chain
Business Developments & Projects

LS Cable & System looking to enter hydrogen value chain

LS Cable & System plans to enter the hydrogen value chain by pursuing the localization of non-metallic hydrogen pipes as a national project together with the Korea Gas Safety Corporation.

about 2 years ago
‘Groundbreaking step’: Australia and Germany commit to contribute €400M to joint H2Global hydrogen auction
Business Developments & Projects

‘Groundbreaking step’: Australia and Germany commit to contribute €400M to joint H2Global hydrogen auction

Germany and Australia are expanding their energy cooperation through a joint declaration of intent under which each country committed to contribute €200 million to a joint H2Global auction, an initiative aiming to address the cost-of-difference of renewable hydrogen and its derivatives while establi

about 2 years ago
Rendering of Scarborough FPU; Source: Woodside
Business Developments & Projects

Woodside eyes FPU subsea infrastructure work next year for giant Australian gas project

Woodside has handed out an environment plan (EP) to the country’s offshore regulator for a floating production unit (FPU) work associated with subsea infrastructure activities, including the Commonwealth waters portion of an export trunkline at a natural gas project off the coast of Australia.

about 2 years ago
A view of a bridge on an offshore platform at sunset
Business Developments & Projects

Five years of emission cuts bring UK’s 2030 oil & gas decarbonization targets within reach, but more needed for cleaner energy

Based on the latest report on emissions in the oil and gas industry by the UK’s regulator, the North Sea Transition Authority (NSTA), progress has been made on the decarbonization journey, however, additional effort is still required to ensure the industry will meet key emissions targets and adopt l

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business Developments & Projects

Brazilian firm awaits go-ahead for first oil as recently converted FPSO gets cleared for work

Brava Energia has obtained the required approval to deploy a floating production, storage, and offloading (FPSO) vessel for operations off the coast of Brazil and is now waiting to get a green light to start production at an oil field in the Santos Basin, where this FPSO will be in operation.

about 2 years ago
US Gulf Coast LNG bunker terminal secures gas supply
Business Developments & Projects

US Gulf Coast LNG bunker terminal secures gas supply

The first dedicated LNG bunkering facility in the U.S. Gulf Coast, Galveston LNG Bunker Port (GLBP) – a joint venture between U.S. maritime infrastructure company Seapath and Houston-based clean energy solutions provider Pilot LNG – has formed a partnership with North American midstream company Ener

about 2 years ago
Hefring Marine
Business Developments & Projects

Hefring Marine and BluePass team up to improve maritime technology in the Arabian Gulf

Icelandic marine technology and vessel intelligence systems provider Hefring Marine has entered a partnership with the UAE-based digital maritime and logistics platform BluePass aiming to introduce its solutions to companies and government entities and enhance environmental sustainability in the Ara

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

BP enlists ABS for floating production unit destined to be deployed at its oil project in Gulf of Mexico

BP has tapped the American Bureau of Shipping (ABS) for a batch of services related to its floating production unit (FPU), which is destined to work at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.

about 2 years ago