Business Developments & Projects

Sunfire to conduct FEED study for 500 MW green hydrogen project in Europe
Sunfire will provide a FEED study for an undisclosed 500 MW hydrogen project in Europe, scheduled for operation by 2028.

Pertamina ups the offshore oil spill detection ante with solution from Norwegian player
Pertamina has chosen to fit a marine surveillance system by Norway’s Vissim at its platform offshore Indonesia.

KBR’s ammonia technology selected for Fortescue’s energy project in Norway
KBR has signed a contract to provide its green ammonia technology K-GreeN for Fortescue’s Holmaneset green energy project in Norway.

New five-year assignment in Equatorial Guinea brings $350 million to Petrofac
Petrofac has won a long-term technical services contract to support the operation of the Block B asset off the coast of Equatorial Guinea.

TechnipFMC orders buoyancy modules for Equinor’s giant UK oil & gas field
Balmoral Group company Balmoral Comtec has won a multi-million-pound contract with TechnipFMC to provide more than 600 buoyancy modules for Equinor’s UK oil & gas field.

Japanese duo eyes hydrogen purification system from ammonia cracking gas
MHI and NGK will jointly develop a hydrogen purification system that uses membrane separation to purify from hydrogen-nitrogen mixture gas after ammonia cracking.

First oil gushes out of BP’s giant new offshore platform in Azerbaijan
BP has started oil production from its new 48-slot production, drilling, and quarters platform in the Caspian Sea off the coast of Azerbaijan.

DFDS-H2 Energy study takes a deep dive into hydrogen ecosystem for RoRo
Danish ferry and logistics company DFDS and Switzerland-based hydrogen specialist H2 Energy have published a new hydrogen propulsion feasibility study covering the main aspects of a complete hydrogen ecosystem for the roll-on/roll-off (RoRo) ferry Magnolia Seaways on the Esbjerg-Immingham-Esbjerg ro

DEME wins ‘most extensive’ cabling contract in company’s history
Cable solutions provider Prysmian has selected DEME to provide the engineering and installation works for the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands. This is the most extensive cabling award in DEME’s history and marks the company’s first project involving Prysmi

Norwegian seismic duo receives local clearance for merger
Norwegian seismic companies PGS and TGS have received clearance from the Norwegian Competition for their merger. Back in September 2023, TGS and PGS announced their agreement on principal terms to combine the two firms and create a strong full-service energy data company. The companies’ shareholders

With wind in its sails, Yinson Production’s FPSO crossing oceans during voyage to Brazil (Gallery)
An FPSO is approaching the Cape of Good Hope while making its way to Brazilian waters, where it will deployed at an oil field in the Santos Basin.

JERA and CF Industries join forces on low-carbon ammonia
JERA has executed a joint development agreement with CF Industries to jointly explore the development of a low-carbon ammonia production project in the U.S.

Transocean drillships staying longer in Gulf of Mexico and Angola
Transocean has won contract extensions for two floaters in its rig fleet, prolonging drillships’ assignments in Angola and the U.S. Gulf of Mexico.

New drilling location picked for next well on gas field offshore Timor-Leste
Baron Oil has selected a new drilling location for an appraisal well at a gas field off the coast of Timor-Leste, thanks to the site survey work.