Business Developments & Projects
Ocean Oasis raises capital to advance wave energy driven-desalination tech
Norwegian company Ocean Oasis has secured funding from the existing and new investors that will be used to further develop its wave energy-driven desalination technology.
Saipem and CTCI commission Nong Fab LNG terminal in Thailand
Oilfield services provider Saipem and engineering, procurement, and construction (EPC) services provider CTCI have commissioned and started up Nong Fab LNG receiving terminal in Thailand. According to Saipem, the terminal, with a capacity of 7.5 million metric tonnes per annum, will receive LNG from
Van Oord enters partnership for uncrewed remote operations
Van Oord and Demcon unmanned systems have signed a strategic partnership agreement to collaborate in accelerating the developments in the field of uncrewed remote operations for marine purposes. The two companies have already collaborated for several years in the field of uncrewed surface vessel (US
Höegh Autoliners to purchase Höegh Berlin vessel for $34.25 million
Norwegian shipowner Höegh Autoliners has agreed with the owner of the leased vessel Höegh Berlin to terminate the bareboat charter and purchase the vessel for a price of $34.25 million. According to Höegh Autoliners, the vessel was taken over on 1 March 2023. Höegh Berlin, built by Höegh at Daewoo S
NKT and Prysmian win €3.8 billion worth of contracts for Dutch offshore wind grid connections
TenneT has selected NKT and Prysmian to install five 525 kV XLPE HVDC cable connections for grid projects which will link new Dutch offshore wind farms to the national grid. TenneT’s next-generation, 2 GW grid connections in the Netherlands are scheduled to be completed between 2028 and 2030. NKT wi
Once Norwegian Sea licence is dropped, Longboat plans to pick it up
Longboat Energy is seeking to forge a new group of partners to re-apply for a license in the Norwegian Sea, once it has been abandoned.
UK-produced well site processing solution to cut North Sea operator’s emissions
UK-based provider of integrated drilling waste management and environmental solutions TWMA has secured a seven-figure contract with an undisclosed “major” North Sea oil and gas operator. Under the contract, TWMA said it would deploy its RotoMill well site processing solution on a harsh environment s
Equinor buying Suncor’s UK assets for $850 million
Equinor has inked an agreement to acquire Suncor Energy UK Limited, a subsidiary of Canada’s Suncor, for a total consideration of $850 million.
Neptune Energy commits to initiative bolstering tax revenue accountability of natural resources
Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy said that becoming a formal supporting company builds on
FlagshipONE to use Siemens Energy technology for e-fuel production
FlagshipONE plant, expected to be Europe’s largest commercial production facility for carbon-neutral marine fuels, will use a technology package from German company Siemens Energy. The package comprises four proton exchange membrane (PEM) electrolysers with a total capacity of 70 megawatts (MW), as
TotalEnergies, Holcim Belgium probe floating solar for heavy industry decarbonization
TotalEnergies and Holcim Belgium have taken the first step towards decarbonization of Obourg cement plant in Belgium with the development of a floating solar farm that will supply clean power for the facility.
Subsea 7 sees highest order intake in last 9 years
Subsea 7 has reported an order intake of over $7 billion for the full year of 2022, representing the highest order intake since 2013, with a backlog of over $9 billion, said to have resulted in high revenue visibility for 2024 and beyond. In 2022, Subsea 7 reported revenue of $5.1 billion, which is
CorPower wraps up preparatory trials ahead of C4 wave energy device deployment
Swedish company CorPower Ocean has completed load-out and towing trials for its C4 wave energy device, ahead of upcoming deployment offshore Portugal.
UK oil & gas player buying West of Shetland assets
Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has executed a share purchase agreement to acquire Spark Exploration UK.