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Business Developments & Projects

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Illustration; Source: Bureau of Safety and Environmental Enforcement (BSEE)
Business Developments & Projects

Activists go toe to toe with Big Oil in court to challenge Trump-era Gulf of Mexico drilling allowance

Earthjustice, a nonprofit environmental law organization, is preparing once again to fight tooth and nail to overthrow a Trump-era allowance in court.

about 2 years ago
Höegh Autoliners
Business Developments & Projects

Höegh Autoliners doubles biofuel use in 2023

Norway-based shipping company Höegh Autoliners has doubled its biofuel usage from 2022 to 2023 in response to growing demand for green transportation.

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about 2 years ago
Gorgon project; Source: Chevron
Business Developments & Projects

Tokyo Gas sells interests in four Australian LNG projects to make room for further energy transition investments

Tokyo Gas has sold minority interests in four LNG projects offshore Australia, with law firm Norton Rose Fulbright acting as legal counsel.

about 2 years ago
Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe
Business Developments & Projects

Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe

Hygen Energy has appointed ITM Power as a preferred supplier of PEM electrolyzers for hydrogen projects within the UK and across wider Europe.

about 2 years ago
Van Oord christens fifth USV as new CEO takes over
Business Developments & Projects

Van Oord christens fifth USV as new CEO takes over

Van Oord has held the christening ceremony for its fifth unmanned autonomous survey vessel (USV), developed jointly with DEMCON Unmanned Systems. The VO:X Barentsz USV came after Van Oord’s in-house survey department and DEMCON Unmanned Systems jointly developed and operated four USVs in the past ye

about 2 years ago
Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout
Business Developments & Projects

Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout

Swedish tidal energy developer Minesto has reported a total operating income of approximately SEK 6.8 million (around €582,255) for Q1 2024, a quarter the company said has laid the foundation for the path toward the buildout of commercial arrays. The total operating income saw a decline from SEK 12.

about 2 years ago
Rendering of proposed SPOT fixed-platform; Source: Enterprise Partners
Business Developments & Projects

‘Largest’ oil export project in US waters greenlighted: Smooth sailing or more legal action on the horizon?

A deepwater port license has been issued for a project that is said to be the largest oil export project in U.S. history.

about 2 years ago
Fluxys to take charge of hydrogen network in Belgium
Business Developments & Projects

Fluxys to take charge of hydrogen network in Belgium

Federal Energy Minister Tinne Van der Straeten has appointed Fluxys as operator for the development and management of a hydrogen transmission grid in Belgium.

about 2 years ago
MOL
Business Developments & Projects

MOL obtains another transition-linked loan

Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to raise funds through a syndicated transition-linked loan using the performance-based interest subsidy system based on Japan’s Act on Strengthening Industrial Competitiveness.

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

Equinor all set to kick off drilling ops with Transocean rig

Equinor has received consent to embark on offshore drilling activities with one of Transocean’s rigs in the Barents Sea.

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Business Developments & Projects

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago
New Japanese alliance looking into ammonia supply chain in Hokkaido
Business Developments & Projects

New Japanese alliance looking into ammonia supply chain in Hokkaido

Japanese companies have started a joint study for the establishment of an ammonia supply chain based in the Tomakomai area of Hokkaido.

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

‘Major’ oil player books jack-up rig for drilling gig offshore Qatar

ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.

about 2 years ago
Johan Sverdrup; Credit: Arne Reidar Mortensen/Equinor
Business Developments & Projects

Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

about 2 years ago