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Business Developments & Projects

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ExxonMobil plans hydrogen and CCS facility in Texas
Business Developments & Projects

ADNOC to acquire stake in ExxonMobil’s low-carbon hydrogen project in Texas

ADNOC and ExxonMobil have signed an agreement under which ADNOC will acquire a 35% equity stake in ExxonMobil’s low-carbon hydrogen and ammonia production facility in Baytown, Texas, U.S.

about 2 years ago
Ocean Courage rig; Source: Diamond Offshore
Business Developments & Projects

Noble and Diamond Offshore tie the merger knot with time to spare harnessing favorable consolidation winds

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Noble Corporation and Diamond Offshore have reached a merger process finale and set the seal on their business combination sooner than anticipated.

about 2 years ago
Dhirubhai Deepwater KG1 drillship; Source: Transocean
Business Developments & Projects

Transocean’s 2009-built drillship lands 300-day deal offshore India

Transocean has picked up a multimillion-dollar contract for one of its drillships off the coast of India.

about 2 years ago
Six companies in the run for three CO2 storage licenses offshore Norway
Business Developments & Projects

Six companies in the run for three CO2 storage licenses offshore Norway

The Norwegian Ministry of Energy has received applications from six companies for three CO2 storage areas on the Norwegian Continental Shelf (NCS) as part of the seventh call for CO2 storage in the area. Aker BP, Equinor Low Carbon Solutions, Harbour Energy Norge, Horisont Energi, Storegga Norge and

about 2 years ago
BP's Cassia platform offshore Trinidad and Tobago (for illustration purposes); Source: BP
Business Developments & Projects

BP disposes of mature assets in Trinidad and Tobago to chase shallow water, deepwater, and cross-border gas opportunities

BP has sealed a deal to sell a package of four mature gas assets and undeveloped resources from one field to with Perenco.

about 2 years ago
Real urgency to protect subsea infrastructure as world not looking bright, Dutch say
Business Developments & Projects

Real urgency to protect subsea infrastructure as world not looking bright, Dutch say

Subsea infrastructure is critical to the energy security in Europe and with the world not looking so bright there is a real urgency to get something going to protect this infrastructure, but the solution is not easy to find, panelists said at a discussion on seabed security organized by IRO, the Ass

about 2 years ago
DNV certifies Hudong-Zhonghua’s four vessel designs
Business Developments & Projects

DNV certifies Hudong-Zhonghua’s four vessel designs

Classification society DNV has issued three approval in principle (AiP) certificates to Chinese shipbuilder Hudong-Zhonghua for its vessel designs, including ultra large ethane carrier (ULEC), liquefied CO2 (LCO2) carrier, and LNG bunker vessel, and general approval for ship application (GASA) certi

about 2 years ago
Altamira Fast LNG 1; Source: New Fortress Energy
Business Developments & Projects

With clearance in hand, US player ready to push LNG export to non-FTA countries off the ground

New Fortress Energy (NFE) is all set to make a start on liquefied natural gas (LNG) export to non-free trade agreement (FTA) countries from its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.

about 2 years ago
Eco Marine Power and Aries Marine join hands on ship technology projects
Business Developments & Projects

Eco Marine Power and Aries Marine join hands on ship technology projects

Japan’s Eco Marine Power has signed a cooperation agreement with UAE’s Aries Marine and Engineering Services on innovative ship technology projects.

about 2 years ago
VARD starts building another Prysmian cable-layer
Business Developments & Projects

VARD starts building its third Prysmian cable-layer

Norwegian ship designer and shipbuilder VARD has kicked off the construction of its third cable-laying vessel (CLV) for Italian cabling giant Prysmian with a steel-cutting ceremony at its shipyard in Tulcea, Romania. According to VARD, the new vessel is the evolution of the Leonardo da Vinci / Monna

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

Chinese giant gets oil production going at offshore field

China National Offshore Oil Corporation (CNOOC) has kicked off production operations at an oilfield development project off the coast of China.

about 2 years ago
Illustration; Courtesy of Inpex
Business Developments & Projects

JOGMEC awards Metropolitan area CCS value chain project to Japanese trio

Inpex, Nippon Steel and Kanto Natural Gas Development have concluded a consignment contract with JOGMEC regarding the Metropolitan area CCS project.

about 2 years ago
CMB.TECH’s JV launches new hydrogen engine R&D center in Japan
Business Developments & Projects

CMB.TECH’s JV launches new hydrogen engine R&D center in Japan

JPNH₂YDRO, a joint venture (JV) formed by Belgian shipowner CMB.TECH and Japanese companies Tsuneishi and Kambara Kisen, has launched a new research & development (R&D) center in Japan to advance hydrogen development. The official ceremony to inaugurate the new Hydrogen Engine R&D Center was held on

about 2 years ago
PowerCell secures DNV’s approval for new methanol-to-power solution
Business Developments & Projects

PowerCell secures DNV’s approval for new methanol-to-power solution

Swedish hydrogen fuel cell provider PowerCell has obtained approval in principle (AiP) from classification society DNV for a new methanol-to-power solution that combines a methanol reformer with a fuel cell system. Specifically, the new solution has a fully integrated methanol reformer from RIX Indu

about 2 years ago