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Business Developments & Projects

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Troll A platform; Source: Equinor
Business Developments & Projects

SLB, Subsea7, and Aker Solutions’ JV finds work on $1 billion North Sea gas project

OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, will work on a project that aims to bolster gas infrastructure at a giant oil and natural gas field in the North Sea.

about 2 years ago
FPSO Carioca MV30; Source: Dalian Cosco Shipping Heavy Industries
Business Developments & Projects

Petrobras sanctions next phase of two oil projects in Brazilian waters

Petrobras has made a final investment decision (FID) to move forward with the second development phase of two oil fields offshore Brazil.

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about 2 years ago
MOL
Business Developments & Projects

MOL: 7 new ships to get wind propulsion systems

Japanese shipping company Mitsui O.S.K. Lines (MOL) and its group company MOL Drybulk have decided to install wind propulsion systems including Wind Challenger on a total of seven newbuilding bulk carriers and multi-purpose vessels, which will be operated by MOL Drybulk.

about 2 years ago
Air Liquide
Business Developments & Projects

Air Liquide issues €500 million green bond for sustainable energy projects

Air Liquide has issued a new €500 million green bond to finance or refinance flagship energy transition and sustainable projects, in particular in low-carbon hydrogen, carbon capture and low-carbon air gases.

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

Over $76 billion set aside for energy projects across the Atlantic over next five years

National Grid has unveiled its investment plan for the 2024-29 period, earmarking £60 billion (close to $76.5 billion) for energy projects that will step up its decarbonization game and propel the energy transition momentum forward on both sides of the Atlantic Ocean.

about 2 years ago
THREE60 Energy has been hired to supply gantry crane systems to Sumitomo; Source: THREE60 Energy
Business Developments & Projects

Japanese giant hands out another multi-million-pound deal for its power cable factory in Scotland

Sumitomo Electric Industries (SEI) has inked a second multi-million-pound contract with THREE60 Energy for its new power cable factory in Nigg, Scotland.

about 2 years ago
Helix Q7000 light well intervention rig; Source: Helix Energy Solutions
Business Developments & Projects

Helix vessel close to crossing the finish line at decom job offshore Australia

Helix Energy Solutions is drawing to an end its multi-well decommissioning assignment offshore Australia, which is being carried out with its purpose-built DP3 semi-submersible vessel.

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

Aker Solutions rebrands its consultancy business, with twofold headcount increase on the horizon

Aker Solutions has shared a new name for its consultancy arm alongside plans to boost revenue and personnel by 50% over the next six years.

about 2 years ago
Troll A platform in the North Sea; Credit: Øyvind Gravås/Even Kleppa - Equinor
Business Developments & Projects

Equinor unveils over $1 billion investment to lift the gas production bar at giant North Sea field

Equinor has disclosed plans to develop further gas infrastructure at a huge oil and natural gas field in the Norwegian sector of the North Sea.

about 2 years ago
Ohmium to supply PEM electrolyzers for green hydrogen project in Croatia
Business Developments & Projects

Ohmium to supply PEM electrolyzers for green hydrogen project in Croatia

Ohmium International, a green hydrogen company that designs, manufactures and deploys advanced PEM electrolyzers, has been selected to equip what is said to be the first green hydrogen project in Croatia.

about 2 years ago
Ambroise Fayolle, EIB Vice-President, and Kestutis Sadauskas, Deputy Director-General of the Directorate-General for Maritime Affairs and Fisheries with the EU Blue Champions.
Business Developments & Projects

EU Blue Champions: Marine energy companies secure support for growth

Selected companies align with the EU Mission on ocean and waters by aiming to restore marine and freshwater ecosystems and biodiversity, prevent and eliminate pollution, or decarbonize the blue economy.

about 2 years ago
Industry unites to bridge knowledge gap on effects of subsea cables on marine wildlife
Business Developments & Projects

Industry unites to bridge knowledge gap on effects of subsea cables on marine wildlife

A number of companies from the industry have joined forces in a project to investigate the effects of subsea electricity cables on marine wildlife, expected to contribute to developing environmentally friendly power cable systems. The FlatEMF project, being undertaken by 50Hertz, EirGrid, Europacabl

about 2 years ago
Leviathan field; Source: New Med Energy
Business Developments & Projects

More gas sold from Chevron’s Mediterranean Sea field under $650 million deal

Chevron has signed a contract with Israel’s Eshkol Power Energies to supply natural gas for the production units at Eshkol power station.

about 2 years ago
Peel Ports
Business Developments & Projects

Peel Ports, NatPower to create first green shipping corridor between UK and Ireland

Peel Ports Group, a major UK port operator, and NatPower Marine, an independent clean energy enabler for the maritime sector, have revealed plans to establish the first green shipping corridors between Ireland and the UK.

about 2 years ago