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Business Developments & Projects

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Two out of four CO2 storage licenses awarded offshore Norway going to Equinor
Business Developments & Projects

Two out of four CO2 storage licenses awarded offshore Norway going to Equinor

The Norwegian Ministry of Energy has awarded four new exploration licenses related to CO2 storage on the Norwegian Continental Shelf (NCS) to six companies as part of the sixth call for CO2 storage on the NCS. The exploration licenses are located in the North Sea, with two offered to Equinor, one to

about 2 years ago
Illustration; Source: Rex International Holding
Business Developments & Projects
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Singaporean player bringing Norwegian and African offshore oil & gas assets under one roof

Rex International Investments has signed a deal with two partners to combine offshore portfolios of two affiliates into a new joint venture.

about 2 years ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Business Developments & Projects

Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million

Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.

about 2 years ago
Enova
Business Developments & Projects

Fifteen green ship projects get $113.5M in Enova support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport.

about 2 years ago
After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Business Developments & Projects

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

about 2 years ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business Developments & Projects

Green Marine UK joins C-Power in demonstrating autonomous offshore power system

Scotland’s Green Marine (UK) has joined the U.S.-based C-Power’s Partner Engagement and Co-development (PEC) program to advance autonomous offshore power systems (AOPS).

about 2 years ago
Nordic Winter rig; Source: Awilco
Business Developments & Projects

UK player strikes a bargain with Seatrium over yearslong rig arbitration saga

Seatrium has come to an understanding with Awilco Drilling regarding the settlement of two arbitration cases related to rig termination deals.

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

US judge dismisses ExxonMobil’s lawsuit against climate activist shareholder as moot

A federal judge has ruled that ExxonMobil no longer has a leg to stand on concerning its legal action against Arjuna Capital, given the climate activist investor’s withdrawal of emission reduction-related shareholder proposal and reassurance it will not be put forward again.

about 2 years ago
Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard
Business Developments & Projects

Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard

Peter Döhle Schiffahrt has ordered four 14,000 TEU methanol-fueled containerships at China’s Hudong-Zhonghua Shipbuilding.

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

EU okays €570 million funding for Italian shore power scheme

The European Commission has approved, under European Union (EU) State aid rules, a €570 million Italian scheme to incentivize ships to use shore-side electricity when they are at berth in maritime ports.

about 2 years ago
PSV Sapura Ônix; Source: Seagems
Business Developments & Projects

Bermuda-based player gives Oslo stock exchange a go

Paratus Energy has shared its intention to list shares on Euronext Growth Oslo, followed by a planned uplisting to the Oslo Stock Exchange.

about 2 years ago
Sune Scheller, Greenpeace's Campaign Manager, participated in three of the protests covered by the lawsuit, including the action related to the SCF Baltica oil tanker on March 19, 2022; Credit: Will R
Business Developments & Projects

Denmark challenges Greenpeace to a fight in court over protests hindering transit of Russian oil

Greenpeace is facing legal action in Denmark, which the Danish state set in motion in a crackdown on protests the group embarked on in 2022.

about 2 years ago
Topsoe, ABB and Fluor join forces for SOEC factory development in US
Business Developments & Projects

Topsoe, ABB and Fluor join forces for SOEC factory development in US

Topsoe, ABB and Fluor have formed an alliance to design a standardized concept for building Topsoe’s solid oxide electrolysis cells (SOEC) factory in Chesterfield, Virginia, U.S.

about 2 years ago
Pelaflex, floating platform technology. Source: Marine Power Systems
Business Developments & Projects

Marine Power Systems and Quoceant partner to advance Q-Connect in floating wind market

Welsh company Marine Power Systems (MPS) has joined Quoceant’s Offshore Wind Growth Partnership (OWGP) project to accelerate the development of Q-Connect technology into the floating offshore wind market.

about 2 years ago