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Business Developments & Projects

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Illustration; Source: SLB
Business Developments & Projects

Oil & gas boost on the horizon: SOCAR taps SLB for Caspian Sea duo’s revamp

SLB has signed on the dotted line to pool resources with the State Oil Company of the Republic of Azerbaijan (SOCAR) for the redevelopment of two oil and gas fields in the Caspian Sea to augment production from these mature assets off the coast of Azerbaijan.

about 1 year ago
Cavotec
Business Developments & Projects

Cavotec pens additional shore power supply contracts worth nearly $11M

Cleantech company Cavotec has signed additional contracts worth a total of €9.35 million (approximately $10.9 million) with an undisclosed shipping player to supply shore power systems for container vessels. According to officials from Cavotec, the two new orders cover both newly built boxships and

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about 1 year ago
Molgas acquires Titan to boost growth in clean marine fuels sector
Business Developments & Projects

Molgas acquires Titan to boost growth in clean marine fuels sector

Molgas Energy, backed by InfraVia Capital Partners, has finalized the full acquisition of the Titan Energy Holding, parent company of Titan Clean Fuels.

about 1 year ago
Tension Buoy installed in Risør, Norway
Business Developments & Projects

Norwegian self-adjusting mooring buoy set to ease solar-hydro integration

Oslo-headquartered Fred. Olsen 1848 has unveiled its Tension Buoy concept, designed to maintain stable mooring tension for floating solar installations in reservoirs and hydropower dams with large water-level variations. The solution addresses one of the main technical barriers to pairing floating

about 1 year ago
Gjøa; Source: Vår Energi
Business Developments & Projects

North Sea operator steps up oil project’s game with boost in production and reserves

Norwegian upstream oil and gas player Vår Energi has ramped up its production and reserves from a field in the North Sea by bringing online a new low-pressure project off the coast of Norway.

about 1 year ago
Troll B platform; Credit: Øyvind Hagen/Equinor
Business Developments & Projects

Equinor gets the all-clear to deploy export solution for North Sea gas

Equinor has received the Norwegian authorities’ blessing for a new gas export solution, which will create an alternative path for gas exports from a platform in the North Sea to bolster Norway’s energy security.

about 1 year ago
AKOFS vessel secures more work with Petrobras under $246 million contract
Business Developments & Projects

AKOFS vessel secures more work with Petrobras under $246 million contract

AKOFS Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services, has secured a firm contract for one of its vessels that ensures it will continue working for Brazilian oil & gas giant Petrobras. Following a competitive tender process that resulted in

about 1 year ago
G-Tec's survey vessel Karina at sea
Business Developments & Projects

Geophysical survey underway for Estonian-Latvian offshore wind project

G-Tec has started geophysical survey work for ELWIND, an offshore wind project that Estonia and Latvia will build together. The Belgian company’s survey vessel Karina has been investigating the seabed in the ELWIND offshore wind farm areas in Estonia and Latvia since early September, with the work e

about 1 year ago
A North Sea platform
Business Developments & Projects

Tenaz gains access to ‘highly prospective’ North Sea gas assets in $244M deal

Canada’s public energy company Tenaz Energy has acquired a private company holding interests in an offshore development on the border between the Dutch and German sectors of the North Sea.

about 1 year ago
123Carbon and ZERO44 ally to support voluntary and mandatory low-carbon shipping markets
Business Developments & Projects

123Carbon and ZERO44 ally to support voluntary and mandatory low-carbon shipping markets

123Carbon and ZERO44 have entered a strategic partnership aimed at providing shipowners, operators, and charterers with a new level of control in allocating the impact of their low-carbon strategies to either the voluntary or mandatory market.

about 1 year ago
A processing plant by the sea
Business Developments & Projects

Safety overhaul underway at Equinor’s Barents Sea LNG plant after incident probe

Following an internal investigation of an accident at its liquefied natural gas (LNG) facility, Norway’s state-owned energy giant Equinor has introduced measures to prevent similar incidents from happening in the future.

about 1 year ago
DOF orders work-class ROV for its Brazilian operations
Business Developments & Projects

DOF orders work-class ROV for its Brazilian operations

Norwegian vessel owner DOF Group has placed an order with UK’s Forum Energy Technologies (FET) for a work-class remotely operated vehicle (ROV) with a supporting tether management system. The equipment, expected to be delivered late this year, will support DOF’s subsea operations in Brazil. Accordin

about 1 year ago
ITM Power to deliver FEED for UK hydrogen project using its 5 MW electrolyzer solution
Business Developments & Projects

ITM Power to deliver FEED for UK hydrogen project using its 5 MW electrolyzer solution

ITM Power has signed a front-end engineering design (FEED) contract for a project which has been shortlisted in the UK’s Hydrogen Allocation Round 2 (HAR2).

about 1 year ago
SolarinBlue’s offshore solar technology is said to be adapted to harsh conditions of open seas (Courtesy of SolarinBlue)
Business Developments & Projects

‘Caribbean’s first offshore solar installation’ planned near Fort-de-France

The Grand Port Maritime of Martinique (GPMLM) has partnered with French offshore solar developer SolarinBlue to develop Soley Blé, the first offshore floating photovoltaic (PV) project in the Caribbean Arc. According to SolarinBlue, the project will be located near the Pointe des Grives container te

about 1 year ago