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Business Developments & Projects

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Fossil EnergyFPSO & VesselsOil & GasBusiness & FinanceExploration & ProductionAuthorities & GovernmentRegulation & PolicyCablingSubseaInfrastructureResearch & DevelopmentClean FuelGreen MarineHydrogenPorts & InfrastructureProductionTechnology & InnovationCollaborationInnovationOutlook & StrategyPorts & LogisticsTechnologyMarket OutlooksProject & TendersFloating SolarMarine EnergyVessels & VehiclesVesselsFunding & RegulationLow-Carbon TransitionOperations & MaintenanceTransition
FPSO Polvo; Source: BW Offshore
Business Developments & Projects

BW Energy ties up loose ends for acquisition of FPSO being redeployed at Brazilian field

BW Offshore has brought the sale of an FPSO vessel to an end, thanks to BW Energy upholding its end of the bargain.

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business Developments & Projects

With third and final license batch, 82 awards put forward so far in UK’s 33rd oil & gas round

The NSTA has offered 31 more licenses across 88 blocks/part blocks in the most recent phase of Britain’s 33rd oil and gas licensing round.

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

UK setting the stage for construction of $5 billion subsea green electricity superhighway in autumn

The development of an HVDC cable connection, which is said to be the longest ever built in Great Britain, is moving forward, with the construction works slated to kick off this autumn.

about 2 years ago
Brage platform; Source: OKEA
Business Developments & Projects

North Sea operator unveils $571 million investment in oil & gas field

OKEA has handed over a plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway.

about 2 years ago
Hydrogen-based technology to support North American Port of Long Beach
Business Developments & Projects

Hydrogen-based technology to support North American Port of Long Beach

In the presence of Long Beach officials, Toyota Motor North America and FuelCell Energy have opened the system to generate renewable hydrogen, electricity and water to support operations at Toyota’s largest port facility in North America.

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

Britain becomes ‘major engineering hub’ for UAE firm with acquisition of UK subsea player

Unique Group is looking forward to charting new pathways in the global subsea and offshore energy arenas with the strategic acquisition of Subsea Innovation.

about 2 years ago
Hejre jacket; Source: Apollo
Business Developments & Projects

UK player snaps up multimillion-dollar job on North Sea oil project

Apollo has been hired on a project management consultancy (PMC) contract, enabling it to work on a partially developed oil field in the North Sea.

about 2 years ago
Shizen International, a subsidiary of the Shizen Energy Group, has inked a memorandum of understanding (MoU) with Majuperak Holdings Berhad (MHB), a state government-linked company (GLC) to evaluate b
Business Developments & Projects

New partnership to conduct feasibility studies on floating solar projects in Malaysia

Signed on April 25, 2024, in Fukuoka City, Japan, this MoU also encompasses two companies developing ground-mounted solar power projects together in Perak, as well as conducting feasibility studies on floating solar projects, and considerations for co-funding the projects.

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

Chouest’s subsea fleet offering grows to over 100 ROVs and 6 AUVs with acquisition of UK firm

Chouest Group has bought ROVOP, an Aberdeen-based remotely operated vehicle (ROV) company, to widen its subsea capabilities.

about 2 years ago
European Commission grants €720 million to renewable hydrogen projects
Business Developments & Projects

European Commission grants €720 million to renewable hydrogen projects

European Commission has awarded nearly €720 million to seven renewable hydrogen projects, selected through the bidding process under the European Hydrogen Bank.

about 2 years ago
FPSO Agogo; Source: Yinson Production
Business Developments & Projects

Yinson Production puts $1.3 billion financing in place for Angola-bound FPSO

Yinson Production has secured a limited recourse term loan facility of up to $1.3 billion for the pre-and post-delivery financing of an FPSO.

about 2 years ago
NHPC signs a memorandum of understanding (MoU) with Ocean Sun to implement floating solar power tech.
Business Developments & Projects

Ocean Sun forges partnership with Indian company to deploy floating solar tech

Signed on 29 April 2024, this MoU aims to explore primary areas of partnership concerning Ocean Sun’s floating solar energy technology, which utilizes photovoltaic (PV) panels installed on hydro-elastic membranes at suitable locations identified by NHPC.

about 2 years ago
Normand Sentinel; Source: Solstad Offshore
Business Developments & Projects

Four Solstad vessels land more work in Asia and West Africa

Solstad Offshore has won new contracts for four members of its fleet, encompassing three CSVs and one AHTS vessel.

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

GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million

GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.

about 2 years ago
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