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Business Developments & Projects

TotalEnergies, Mitsui, and Nordsøfonden pick up CO2 storage exploration permit in North Sea

The Danish Energy Agency has handed out its eighth permit for exploration and possible storage of CO2 in Denmark to a consortium consisting of TotalEnergies, Mitsui, and Nordsøfonden.

about 9 months ago

Business Developments & Projects

Greek player’s takeover bid for US dry bulk shipping firm gets shot down

U.S.-based dry bulk shipowner Genco Shipping & Trading has turned down the acquisition offer from Diana Shipping, a Greece-headquartered shipping company.

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about 9 months ago

PCTC Grande Manila; Source: Grimaldi Group

Business Developments & Projects

Seventh ammonia-ready vessel joins Grimaldi’s fleet

Italy’s shipping player Grimaldi Group has taken delivery of the seventh ammonia-ready pure car and truck carrier (PCTC), which is already set for its maiden voyage on the Asia–Europe service.

about 9 months ago

Business Developments & Projects

19 oil & gas players widen their offshore acreage in Norwegian waters with new licenses

Norway’s Ministry of Petroleum and Energy has offered 57 production licenses to 19 oil and gas companies for further hydrocarbon exploration activity on the Norwegian Continental Shelf (NCS), as part of the award in the pre-defined areas 2025 (APA 2025) round, which represents an uptick from the pre

about 9 months ago

Business Developments & Projects

Viridien bags multi-client project to enhance oil & gas dataset offshore Malta

France-based geophysical services company Viridien, formerly known as CGG, has scored a new integrated multi-client data project off the coast of Malta with the country’s government.

about 9 months ago

Business Developments & Projects

Green ammonia offtake deal strengthens India-Europe supply corridor

German energy player Uniper has sealed a renewable ammonia offtake agreement with AM Green Ammonia, a partnership among AM Green, Gentari, GIC and Abu Dhabi Investment Authority (ADIA).

about 9 months ago

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Business Developments & Projects

Enviros Group strengthens Mediterranean presence with Lighthouse S.p.A acquisition

The transaction marks Enviros’ first European acquisition and strengthens offshore survey and AUV operations worldwide Enviros Group (Enviros) is pleased to announce the acquisition of a majority control stake at Lighthouse S.p.A, a leading offshore survey and geoscience company, headquartered in Bo

about 9 months ago

Business Developments & Projects

TotalEnergies, Eni and QatarEnergy enter new exploration permit offshore Lebanon

France’s TotalEnergies, Italian Eni, and QatarEnergy have signed an agreement with the Lebanese government to enter an exploration permit offshore Lebanon. The consortium’s initial work program on Block 8 consists of the acquisition of a 1,200 km2 3D seismic survey, in order to further assess the ar

about 9 months ago

Business Developments & Projects

Ithaca Energy awards Prosafe vessel with $2.73M contract extension

North Sea oil & gas operator and producer Ithaca Energy has exercised the option for Prosafe’s flotel to stay all three remaining weeks at the Captain field in the UK sector of the North Sea. Safe Caledonia’s contract was supposed to keep the vessel at the Captain field until early February 2026, af

about 9 months ago

Business Developments & Projects

Himalaya Shipping’s LNG dual-fuel bulker bags new time charter agreement

Bermuda-based bulk carrier company Himalaya Shipping has secured a new time charter agreement for its LNG dual-fuel 210,000 dwt Newcastlemax vessel, delivered in 2023. The vessel Mount Ita was delivered to Himalaya Shipping from China’s New Times Shipbuilding (NTS) in March 2023 as the second in a s

about 9 months ago

Sleipner field in North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor

Business Developments & Projects

$10 billion awards spree: Seven players split Equinor’s multibillion-dollar contracts’ cake

Equinor has handed out multiple framework agreements to seven Norwegian supplier companies, including Aibel, Aker Solutions, Wood, Rosenberg Worley, Head Energy, Apply, and IKM Gruppen with a total value of around NOK 100 billion (approximately $9.9 billion).

about 9 months ago

Business Developments & Projects

Port of Rotterdam: ABB to power world’s largest shore power project

ABB has secured contracts with Rotterdam Shore Power (RSP), a joint venture of Port of Rotterdam and Eneco, to engineer and construct shore power systems comprising multiple installations for the Port of Rotterdam. Based on the total capacity of over 100 megavolt-amperes (MVA), the combined shore po

about 9 months ago

Kristin platform; Credit: Marit Hommedal/Equinor

Business Developments & Projects

Norway marks its second best oil & gas exploration year in decade

As the global oil and gas industry continues to seek more hydrocarbons to replace depleting reserves, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has highlighted the country’s exploration results in 2025 as being among the best in several years.

about 9 months ago

Business Developments & Projects

Petrobras keeps Solstad’s 2007-built vessel busy for another year

Brazil’s state-owned energy giant Petrobras has prolonged a contract of an anchor handling tug supply (AHTS) vessel, owned by Solstad Offshore, a Norwegian shipping company.

about 9 months ago