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Business Developments & Projects

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Norway: Northern Lights starts injecting first CO2 from wastewater
Business Developments & Projects

Norway: Northern Lights starts injecting first CO2 from wastewater

The Northern Lights CO2 project in the Norwegian North Sea has started injecting the first biogenic CO2 from wastewater treatment delivered to the receiving terminal in Øygarden. Carbon removal company Inherit has delivered CO2 cargos to Northern Lights from Veas, Norway’s largest wastewater treatme

about 6 months ago
Illustration; Source: Adura via LinkedIn
Business Developments & Projects

$3 billion loan in the bag, as Shell and Equinor’s UK JV ups financial ante

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Adura, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has secured a multibillion-dollar reserve based lending (RBL) facility to support its growth aspirations.

about 6 months ago
Illustration; Source: CNOOC
Business Developments & Projects

New CEO takes the reins at Chinese giant oil & gas firm

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has revealed the appointment of a new Chief Executive Officer (CEO).

about 6 months ago
TotalEnergies and partner inaugurate 31 MW floating solar power plant in Belgium
Business Developments & Projects

TotalEnergies and partner inaugurate 31 MW floating solar power plant in Belgium

French energy giant TotalEnergies and Switzerland-headquartered sustainable construction player Holcim have inaugurated a floating solar power plant with a 31 MW capacity, located in Belgium. The plant, inaugurated on March 20, is located in Obourg on a former chalk quarry site that has been rehabil

about 6 months ago
Fast4Ward FPSO design; Source: SBM Offshore
Business Developments & Projects

SBM Offshore interview: Advancing future-ready FPSOs through standardization, robotics, AI and lower‑carbon solutions

While diving into the evolution journey of its offshore operations model and the implementation of its Fast4ward program, the Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has shed light on the key growth drivers

about 6 months ago
Wales introduces new deal to drive its renewable energy potential
Business Developments & Projects

Wales introduces new deal to drive its renewable energy potential

The Welsh government has launched the Renewable Energy Sector Deal, a strategic partnership between the government and industry, focused on ensuring that Wales meets its renewable energy targets and unlocking the full economic potential of its renewable energy future. Central to the Renewable Energy

about 6 months ago
ACSM’s offshore support vessel undergoing ‘major’ upgrade
Business Developments & Projects

ACSM’s offshore support vessel undergoing ‘major’ upgrade

ACSM, a Spanish provider of solutions for submarine cable installation, as of recently part of Prysmian Group, is carrying out a major upgrade of its 2003-built offshore support vessel (OSV). According to ACSM’s reports, the OSV Genesis is currently undergoing improvements and upgrades at the shipya

about 6 months ago
Illustration; Courtesy of MidOcean Energy
Business Developments & Projects

Japanese player to pour $500 million into EIG’s LNG business

Tokyo-based Idemitsu Kosan is setting the stage for full-scale entry into the liquefied natural gas (LNG) business with its multimillion-dollar investment in MidOcean Energy, an LNG player formed and managed by the U.S.-headquartered investment company EIG Global Energy Partners (EIG).

about 6 months ago
Illustration; Source: Westwood
Business Developments & Projects

Transocean, Noble, COSL, Seadrill, and Valaris pinpointed as rig backlog powerhouses

While taking a deep dive into the floater rig market and top floating rig managers based on the current total backlog for 2026, Westwood Global Energy, an energy market research and consultancy firm, has spotlighted five offshore drilling players – Transocean, Noble, COSL, Seadrill, and Valaris – as

about 6 months ago
MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs
Business Developments & Projects

MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs

Japanese shipping major Mitsui O.S.K. Lines (MOL) is acquiring a stake in Hamburg-based Deutsche Offshore Schifffahrt (DO), a joint venture with Schoeller Holdings, as well as shares in construction commissioning service operation vessels (C-CSOVs) currently under construction. The joint venture bet

about 6 months ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business Developments & Projects

South Asia’s $107 billion LNG gamble facing finance and energy supply threats amid Middle East conflict

With instability and vulnerabilities looming across global markets and power systems in the wake of the U.S. and Israeli attack on Iran, South Asia’s planned multibillion-dollar liquefied natural gas (LNG) infrastructure expansion is exposed to economic and energy security risks, according to Global

about 6 months ago
UK: Lloyd’s Register certifies another remotely operated uncrewed vessel
Business Developments & Projects

UK: Lloyd’s Register certifies another remotely operated uncrewed vessel

Ireland-headquartered XOCEAN has received remotely operated uncrewed vessel (ROUV) certification for its X-30 vessel under the UK Workboat Code Edition 3 (WBC3). XOCEAN reported earlier this month that Lloyd’s Register (LR) had certified its X-30 ROUV under the UK Maritime and Coastguard Agency’s (M

about 6 months ago
Illustration; Source: Keyfield
Business Developments & Projects

Malaysian shipowner scoops up eight new vessel gigs

Keyfield International, a Malaysian fleet owner of offshore vessels, has picked up new assignments across Malaysia, the Middle East, and Thailand for seven accommodation work boats (AWB) and one anchor handling tug supply (AHTS) vessel.

about 6 months ago
Illustration; Source: Gas Malaysia
Business Developments & Projects

Clearance in place for work on Southeast Asian FSRU to move forward

Gas Malaysia, a Malaysian natural gas provider, is all set to proceed with the development of a liquefied natural gas (LNG) regasification terminal project in Yan, Kedah.

about 6 months ago