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Business Developments & Projects

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DEME to expand green hydrogen portfolio with new production facility in Egypt
Business Developments & Projects

DEME to expand green hydrogen portfolio with new production facility in Egypt

Belgium-based offshore energy and dredging contractor DEME has inked a cooperation agreement with the Egyptian government to establish an industrial-scale green hydrogen production facility in the Port of Gargoub in Egypt’s western desert.

about 2 years ago
Aether Fuels secures $34 million to boost development of sustainable fuels
Business Developments & Projects

Aether Fuels secures $34 million to boost development of sustainable fuels

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Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors, with the aim to, among other things, accelerate the scale-up of Aether Aurora, the company’s proprietary technology to create sustainable fuels for the aviation and ocean shipping industries.

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business Developments & Projects

Oil & gas exploration hit and miss in Barents Sea as Norwegian shelf continues its development

Aker BP and Equinor have completed drilling operations in the Barents Sea, which was recently expanded with new acreage in APA 2024.

about 2 years ago
Höegh LNG and Deutsche ReGas join forces for world’s first floating hydrogen import terminal
Business Developments & Projects

Höegh LNG and Deutsche ReGas join forces for world’s first floating hydrogen import terminal

Germany’s Deutsche ReGas and Norway’s Höegh LNG have entered into an agreement to develop what is said to be the world’s first floating import terminal for the industrial-scale conversion of green ammonia to green hydrogen.

about 2 years ago
Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe.
Business Developments & Projects

Nova Innovation and RSK establishes floating solar joint venture

Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe.

about 2 years ago
MOPU Ingenium; Source: KrisEnergy
Business Developments & Projects

Crack on one of MOPU’s legs turns oil production taps off offshore Thailand

Valeura has suspended production at its oil field offshore Thailand out of precaution following an anomaly detected on the field’s MOPU.

about 2 years ago
2019-built survey catamaran changes owner, set to serve European offshore wind
Business Developments & Projects

2019-built survey catamaran changes owner, set to serve European offshore wind

Surveying and mapping services provider Darkocean has added a multi-role workboat/survey catamaran to its fleet which will be used for offshore wind projects across the UK and Northern Europe. Darkocean has taken delivery of the 10-meter-long Coastal Observer from Purus, formerly known as HST Workbo

about 2 years ago
FueLNG performs 200th ship-to-ship LNG bunkering operation
Business Developments & Projects

FueLNG performs 200th ship-to-ship LNG bunkering operation

Singapore-based LNG bunker supplier FueLNG has completed its 200th ship-to-ship (STS) liquefied natural gas (LNG) bunkering operation.

about 2 years ago
Illustration; Courtesy of MODEC and Terra Drone
Business Developments & Projects

Oil & gas drone tech in focus: Japanese pair pool resources for unmanned FPSO inspection

MODEC and Terra Drone Corporation have sealed a deal to enhance inspection drones for FPSOs to enable unmanned inspection.

about 2 years ago
Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership
Business Developments & Projects

Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership

The Egyptian government and the EU are advancing green hydrogen and green ammonia incentives through new private investment agreements.

about 2 years ago
ZOEX Power installation of its 100 kW wave energy device at the Port of Aberdeen, South Harbour.
Business Developments & Projects

ZOEX Power completes installation of wave energy device at Port of Aberdeen

Aberdeen-based ZOEX Power has finished the installation of its 100 kW wave energy device at the Port of Aberdeen, South Harbour.

about 2 years ago
Deepsea Stavanger semi-submersible rig; Source: Africa Energy
Business Developments & Projects

TotalEnergies mulls over pull-out from South African offshore block while one partner stays put and another heads for exit

TotalEnergies is pondering the options at its disposal regarding its stake in a block off the coast of South Africa, following the withdrawal announcement from one of the joint venture (JV) partners.

about 2 years ago
Plug Power to get federal clean hydrogen production tax credit at Georgia facility
Business Developments & Projects

Plug Power to get federal clean hydrogen production tax credit at Georgia facility

Plug Power, which began commercial operation of its electrolytic hydrogen facility in Georgia earlier in 2024, intends to recognize the benefits of the Inflation Reduction Act’s (IRA) Section 45V Credit for the Production of Clean Hydrogen (PTC) in its forthcoming quarterly financial reports.

about 2 years ago
India's ONGC places 'large' orders with compatriot firm for subsea work
Business Developments & Projects

India’s ONGC places ‘large’ orders with compatriot firm for subsea work

India’s government-owned energy company Oil & Natural Gas Corporation (ONGC) has placed two orders deemed “large” with compatriot company Larsen & Toubro related to subsea work. Larsen & Toubro’s Hydrocarbon vertical (L&T Energy) will perform engineering, procurement, construction, installation, and

about 2 years ago