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Business Developments & Projects

Greek firm completes cable installation for French floating wind pilot project

Greece-based Asso.subsea has completed the cable installation, burial, and protection operations for the Provence Grand Large floating offshore wind project in France. The Provence Grand Large floating offshore wind project is located 17 kilometers off the coast in the Mediterranean Sea, on a 100-me

about 2 years ago

Business Developments & Projects

MPCC opts for sustainable financing for two methanol dual-fuel ships

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Norwegian shipping company MPC Container Ships (MPCC) has signed a $55 million pre- and post-delivery ECA-covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings.

about 2 years ago

Fugro's fleet expands with geotechnical vessel

Business Developments & Projects

Fugro secures more work on 3 GW Dogger Bank South

RWE and Abu Dhabi-based Masdar have appointed Dutch geo-data specialist company, Fugro, to carry out geotechnical seabed surveys at the Dogger Bank South (DBS) offshore wind project sites in the UK. Located over 100 kilometers off the northeastern coast of England, the DBS offshore wind farm will be

about 2 years ago

Business Developments & Projects

CMA CGM and Bpifrance launch €200M fund to decarbonize French maritime sector

France-based shipping major CMA CGM and public sector investment bank Bpifrance have launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry.

about 2 years ago

EU flag; Courtesy of the European Commission; Credit: Mauro Bottaro

Business Developments & Projects

EU takes another step toward the exit out of ‘fossil dinosaur treaty’ to safeguard green aspirations

The EU is one step closer to pulling out of the Energy Charter Treaty (ECT), as there is no end in sight for the stalemate over revamping its terms.

about 2 years ago

Business Developments & Projects

Mitsubishi Heavy Industries starts SOEC testing at Takasago Hydrogen Park

Mitsubishi Heavy Industries (MHI) has commenced the operation of a test module of the solid oxide electrolysis cell (SOEC) at Takasago Hydrogen Park.

about 2 years ago

Deepsea Stavanger rig; Source: Odfjell Drilling

Business Developments & Projects

Norwegian player finds work on third Odfjell Drilling rig

Soiltech has secured another contract with Odfjell Drilling for the provision of its services to the UK player’s third semi-submersible rig.

about 2 years ago

Business Developments & Projects

Canadian oil & gas firm widens its footprint in Namibia’s prolific Orange Basin

Sintana Energy is entering a new license offshore Namibia, thanks to a deal with Crown Energy for the acquisition of a stake in Giraffe Energy.

about 2 years ago

Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.

Business Developments & Projects

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago

Business Developments & Projects

UK and Germany strengthen hydrogen ties

UK’s PM Rishi Sunak and German Chancellor Olaf Scholz have agreed on a feasibility study for hydrogen exports from the UK to Germany.

about 2 years ago

Business Developments & Projects

Seal of approval for UK oil & gas firm to expand its stake in Angolan offshore blocks

Afentra plc has received the Angolan government’s blessing for its acquisition of additional interest in two blocks off the coast of Angola.

about 2 years ago

Nkossa oil field off the coast of Congo; Credit: TotalEnergies

Business Developments & Projects

UK firm steps into Congo’s oil & gas offshore arena through deals with Chevron and TotalEnergies

Trident Energy has expanded its footprint on Africa’s oil and gas scene by inking strategic agreements with Chevron and TotalEnergies.

about 2 years ago

Business Developments & Projects

Everfuel’s HySynergy start-up postponed for second half of 2024

Everfuel has announced a delay in the commissioning of HySynergy 1, its 20 MW green hydrogen production plant in Fredericia, Denmark.

about 2 years ago

Business Developments & Projects

Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago