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Business Developments & Projects

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EU project focused on environmental monitoring of ocean energy devices gets another extension
Business Developments & Projects

EU project focused on environmental monitoring of ocean energy devices gets another extension

The EU-backed SafeWAVE project, which has the aim of overcoming some of the non-technological barriers that could hinder the future development of ocean energy, has been extended until December 2024. The extension of the Streamlining the Assessment of Environmental Effects of Wave Energy (SafeWAVE)

about 2 years ago
Illustration; Source: Staatsolie
Business Developments & Projects
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QatarEnergy joining Chevron in block offshore Suriname ahead of drill-or-drop commitment

QatarEnergy has inked a deal with Chevron to acquire an interest in a production-sharing contract (PSC) for a block offshore Suriname.

about 2 years ago
Saipem to supervise natural gas pipeline between Libya and Italy
Business Developments & Projects

Saipem to supervise gas pipeline it laid between Libya and Italy in early 2000s

Italy’s Saipem has been appointed to supervise and provide subsea intervention services for the offshore and onshore sections of a natural gas pipeline connecting Libya and Italy through the Mediterranean Sea. Under the contract secured with GreenStream BV, a midstream player in the Mediterranean Se

about 2 years ago
France LNG Shipping signs another LNGC charter agreement with EDF
Business Developments & Projects

NYK acquires majority stake in ENEOS Ocean’s new business

NYK and ENEOS Ocean have agreed to NYK’s acquisition of 80% of the shares of a new company to be established by ENEOS Ocean.

about 2 years ago
ITOCHU, MPA, and partners to jointly study ammonia-fueled bulk carriers
Business Developments & Projects

ITOCHU, MPA, and partners to jointly study ammonia-fueled bulk carriers

ITOCHU, ClassNK, Nihon Shipyard, and MPA Singapore have signed an MoU for a joint study of ammonia-fueled bulk carriers.

about 2 years ago
FPSO Bacalhau; Source: Equinor
Business Developments & Projects

MODEC’s Brazil-bound FPSO sets the bar on sustainability for newbuild units of this type

MODEC has celebrated the approval in principle (AiP) bestowed upon its FPSO vessel for Abate Notation from the classification society DNV.

about 2 years ago
Canada boosts green shipping corridor projects with fresh funding
Business Developments & Projects

Canada boosts green shipping corridor projects with fresh funding

The Government of Canada has awarded $1.7 million in funding to fourteen projects under the Green Shipping Corridor Program’s Clean Vessel Demonstration program.

about 2 years ago
'Significant progress' on converter station sites for first France-Ireland interconnector
Business Developments & Projects

‘Significant progress’ on converter station sites for first France-Ireland interconnector

The construction works for Celtic Interconnector, the first interconnector between Ireland and France, are well underway, with converter station sites on both sides of the project achieving “significant progress”, Irish transmission system operator (TSO) EirGrid reported. On the Irish side in Ballya

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

Brazilian players eye merger closing date in two weeks

Brazil’s Enauta and 3R Petroleum Óleo e Gás have shared the indicative timeframe for making their proposed merger official.

about 2 years ago
Nigeria LNG
Business Developments & Projects

With Shell shedding Nigerian onshore business, TotalEnergies follows suit to pursue LNG and offshore oil & gas opportunities

TotalEnergies has made its move to divest interests in the SPDC joint venture (JV) seven months after Shell did the same. However, the French player will retain its stake in gas supply to Nigeria LNG (NLNG), as liquefied natural gas (LNG), alongside offshore oil and gas assets, are part of the firm’

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

US oil & gas player bags 41 new Gulf of Mexico blocks close to existing deepwater discoveries as it gears up for appraisal ops

LLOG Exploration has added 41 deepwater blocks to its list of assets in the Gulf of Mexico, where it plans to spud an appraisal well this quarter.

about 2 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business Developments & Projects

UK set on leaving fossil fuels behind and turning into clean energy superpower

The UK is determined to accelerate its energy transformation, moving away from coal, oil, and gas to turbocharge its clean, green energy mission before the end of the decade.

about 2 years ago
Cheniere's 1000th cargo on the vessel Hoegh Galleon; Source: Business Wire
Business Developments & Projects

Cheniere’s Texas LNG pipeline goes into operation

A pipeline for transporting LNG in Texas, co-owned by U.S. LNG export project developer Cheniere Energy, has entered commercial service.

about 2 years ago
Peninsula delivers LNG to K Line’s car carrier in Gibraltar
Business Developments & Projects

Peninsula delivers LNG to K Line’s car carrier in Gibraltar

Peninsula has delivered LNG to the newly built dual-fueled car carrier Thor Highway, operated by K Line, in Gibraltar.

about 2 years ago