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Business Developments & Projects

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FPSO Atlanta; Source: Yinson Production
Business Developments & Projects

Brazilian duo formally becomes one oil & gas player

Brazilian oil and gas firms Enauta and 3R Petroleum have disclosed the completion of their merger, which was set in motion in early April.

about 2 years ago
Clipper platform in the North Sea; Source: Viaro Energy
Business Developments & Projects

Shell and ExxonMobil downsize North Sea portfolio enabling British firm to snap up giant gas-producing assets in UK

Viaro Energy is expanding its gas footprint by taking over a 100% working interest in the UK Southern North Sea assets from Shell and ExxonMobil.

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about 2 years ago
German cruise operator picks ABB technology to improve efficiency and reduce emissions
Business Developments & Projects

German cruise operator picks ABB technology to improve efficiency and reduce emissions

Aiming for improved efficiency and safety and lower emissions, German cruise operator Phoenix Reisen has decided to modernize its ship MS Amera and equip it with DC technology and shore connection from Switzerland-based technology company ABB. Specifically, ABB’s Onboard DC Grid power system and sho

about 2 years ago
Six hydrogen production deals concluded in Tunisia
Business Developments & Projects

Six hydrogen production deals concluded in Tunisia

Tunisia has signed six memoranda of understanding (MoU) with European companies for the production of green hydrogen.

about 2 years ago
Apollo has finished sea trials of the PALM Quick Connection System (QCS) for floating offshore renewables in Orkney, Scotland.
Business Developments & Projects

Apollo completes sea trials of quick connection system for floating offshore renewables (Video)

The trials, conducted from late March to late May, tested the system’s capabilities in real-sea conditions.

about 2 years ago
Baltic jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Shelf Drilling saying goodbye to 1983-built rig, reveals name of new CFO

Dubai-headquartered offshore drilling contractor Shelf Drilling has decided to sell one of its jack-up rigs for $60 million to an undisclosed buyer.

about 2 years ago
Uniper initiates bioLNG production at Gate terminal
Business Developments & Projects

Uniper initiates bioLNG production at Gate terminal

Uniper has become the first shipper to start using bioLNG production capacity to convert biomethane into bioLNG at the Gate terminal.

about 2 years ago
Rendering of BP's Kaskida offshore platform in the Gulf of Mexico; Source: Exmar Offshore/BP
Business Developments & Projects

BP’s sixth US Gulf of Mexico deepwater oil hub development is a go

BP has taken a final investment decision (FID) to develop its sixth-operated project in a prolific high-margin basin within the U.S. Gulf of Mexico, unlocking the potential to bring online 10 billion barrels of discovered resources in place.

about 2 years ago
FSRU Prometheus; Source: COSCO Shipping
Business Developments & Projects

Potential procurement violations prompt probe into Cyprus’ LNG terminal

The European Public Prosecutor’s Office (EPPO) in Nicosia, Cyprus has launched an investigation into the country’s liquefied natural gas (LNG) import terminal project due to suspected procurement fraud, misappropriation of European Union (EU) funds, and corruption.

about 2 years ago
Tekmar Dogger Bank A
Business Developments & Projects

Tekmar’s cable protection systems for Dogger Bank A delivered

Tekmar Group has completed its role in the Dogger Bank A offshore wind farm by supplying essential cable protection systems (CPS) for the project’s inter-array cables. This month, Dogger Bank A, the first phase of the UK’s 3.6 GW Dogger Bank Wind Farm, achieved a significant milestone with the insta

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

Saipem and Curtiss-Wright enrich subsea playbook with new all-electric tool to prolong oil & gas assets’ life

Saipem has pooled resources with Curtiss-Wright to bring into play an all-electric seabed barrier fluid-less pump, marking a new milestone for the subsea applications toolbox.

about 2 years ago
EU flag; Source: Council of Europe
Business Developments & Projects

EU approves two Dutch renewable hydrogen measures

European Commission has approved a €998 million Dutch scheme to support the production of renewable hydrogen, as well as an €80 million measure to support Djewels, a subsidiary of HyCC, in the demonstration of a hydrogen production technology.

about 2 years ago
Illustration/DEEC-Tec-based wave energy system (Courtesy of US DOE)
Business Developments & Projects

US DOE unveils 15 Phase II winners of InDEEP wave energy competition

The U.S. Department of Energy’s (DOE’s) Water Power Technologies Office (WPTO) has revealed the 15 winning teams in Phase II of the American-Made Innovating Distributed Embedded Energy Prize (InDEEP).

about 2 years ago
Illustration; Source: Trinity Exploration and Production
Business Developments & Projects

Upheaval shakes up Touchstone’s merger plan as third player makes offer for UK-based oil & gas firm

Touchstone’s acquisition of Trinity has hit a snag as a third company, Lease Operators, has made a cash offer for the latter.

about 2 years ago