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Business & Finance

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Funding & RegulationHydrogenProductionTechnology & InnovationAuthorities & GovernmentBusiness Developments & ProjectsCollaborationExploration & ProductionOutlook & StrategyProject & TendersRegulation & PolicyResearch & DevelopmentTechnologyFossil EnergyOil & GasRigsLow-Carbon TransitionSubseaSurveys & InterventionsCarbon Capture Usage & StorageEquipmentLiquefied Natural GasVesselsEnvironmentInfrastructureMarket OutlooksStorageTransitionVisionMarine EnergyPolicy & FundingTidal & Wave EnergyRules & RegulationAlternative FuelsAmmoniaClean FuelGreen MarineShipbuildingOther FuelsProduction & ProcessingVessels & VehiclesFPSO & Vessels
HDF Energy strengthens Indonesian presence with strategic hydrogen agreements
Business & Finance

HDF Energy strengthens Indonesian presence with strategic hydrogen agreements

French hydrogen player HDF Energy has signed two strategic agreements to accelerate the deployment of its Renewstable hydrogen power plants in Indonesia.

about 1 year ago
Admarine 510 jack-up rig; Source: ADES
Business & Finance

Fresh rig deal marks new country entry as ADES broadens its West African horizons

ADES has expanded its footprint in West Africa by securing a new drilling assignment for one of its jack-up rigs, which enables it to add a 13th country to its list of operational areas.

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about 1 year ago
Sonardyne comes on board UK’s first offshore carbon storage project
Business & Finance

Sonardyne comes on board UK’s first offshore carbon storage project

UK-headquartered Sonardyne has been appointed to deliver baseline environmental monitoring services for the UK’s first offshore carbon capture and storage (CCS) site, being developed by a joint venture of BP, Equinor and TotalEnergies. The project, being developed by the Northern Endurance Partnersh

about 1 year ago
Oil Rocks infrastructure centre connecting other oil fields of Azerbaijan (for illustration purposes); Source: SOCAR
Business & Finance

SOCAR strengthens energy ties in oil & gas realm with ExxonMobil and Canadian player

Thanks to a new set of deals, the State Oil Company of the Republic of Azerbaijan (SOCAR) is pooling resources with the U.S.-headquartered ExxonMobil and Canada’s Gran Tierra Energy to explore energy opportunities.

about 1 year ago
Hoegh Gandria; Source: Höegh Evi
Business & Finance

New booking enables Wärtsilä to work on Egypt-bound FSRU conversion gig

Wärtsilä has received a new regasification module order from Höegh Evi for a conversion project that will see a liquefied natural gas (LNG) carrier repurposed into a floating storage and regasification unit (FSRU) destined for deployment in Egypt.

about 1 year ago
Wildcat well proves North Sea reservoir suitable for carbon storage
Business & Finance

Wildcat well proves North Sea reservoir suitable for carbon storage

Harbour Energy Norge and its partners have confirmed a reservoir in the Norwegian part of the North Sea suitable for CO2 injection and storage following the drilling of a wildcat well. As part of the Havstjerne storage project, the 9/6-1 well was drilled in a water depth of 90 meters, around 30 kilo

about 1 year ago
Tian-Bing Xu, Ph.D., a professor at ODU, developing wave energy technology
Business & Finance

$1M grant boosts underwater wave energy tech at ODU

Tian-Bing Xu, Professor in the Department of Mechanical and Aerospace Engineering at Old Dominion University (ODU) in the U.S., has been awarded a $1 million grant from the Office of Naval Research (ONR) to develop an underwater wave energy conversion system. According to ODU, the four-year project

about 1 year ago
BP
Business & Finance

BP shakes hands on multi-year LNG offtake with India’s Torrent Power

BP Singapore, a subsidiary of the UK-headquartered energy giant BP, has signed on the dotted line with India’s Torrent Power, part of Torrent Group, to supply liquefied natural gas (LNG) for the latter’s 2,730 MW combined cycle gas-based power plants in line with India’s push to up the natural gas a

about 1 year ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Drop in UK oil & gas players’ profits prompts calls for tax changes to amplify investments

Offshore Energies UK (OEUK), has urged the government to take action on the energy profits levy (EPL), known as the windfall tax on oil and gas profits, by next year to put all ingredients in place to secure jobs, energy security enhancement, and the build-out of the energy infrastructure for the fu

about 1 year ago
Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities
Business & Finance

Solvang and BlackRock to jointly pursue liquefied gas shipping opportunities

Norwegian shipping company Solvang and Global Infrastructure Partners (GIP), a part of private infrastructure investment firm BlackRock, have joined forces to grow the liquefied gas shipping business with a focus on LPG, ammonia, ethane, and CO2.

about 1 year ago
Illustration; Source: ModuSpec
Business & Finance

Black Sea drillship reactivation job lands on ModuSpec’s table

MR Group’s ModuSpec, a rig intake and inspection specialist, has lined up a multi-staged support assignment during the intake process of a sixth-generation deepwater drillship in the Black Sea.

about 1 year ago
New joint venture focused on mid-sized LPG tankers comes to market
Business & Finance

New joint venture focused on mid-sized LPG tankers comes to market

Abu Dhabi-based Al Seer Marine, a subsidiary of International Holding Company (IHC), and B International Shipping & Logistics, an affiliate of energy trader BGN, have launched a new joint venture (JV) that will own and operate mid-sized LPG and product tankers.

about 1 year ago
Fugro wins its ‘largest-ever project in Asia Pacific’
Business & Finance

Fugro wins its ‘largest-ever project in Asia Pacific’

The Netherlands-headquartered Fugro has secured its largest-ever project in the Asia Pacific (APAC) region, as part of which it will support the development of a deepwater gas field in Southeast Asia. As part of the signed letter of award (LoA), Fugro will perform a site characterization program for

about 1 year ago
FPSO Petrojarl I; Courtesy of Amplus Energy
Business & Finance

39-year-old FPSO going to Las Palmas to get ready for redeployment

Amplus Energy has picked Spain’s Astican Shipyard in Las Palmas de Gran Canaria off the northwest coast of Africa to undertake the work scope related to the preparation for the redeployment of a floating production, storage, and offloading (FPSO) vessel, seen as one of the offshore industry’s most i

about 1 year ago