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FPSO BW Opal; Source: BW Offshore
Business & Finance

With construction nearing completion, FPSO on course for first gas next year

BW Offshore is coming closer to the end of the construction phase for a floating production storage and offloading (FPSO) vessel.

about 2 years ago
Cenos floating wind project to perform surveys to revalidate NorthConnect data from 2017
Business Developments & Projects

Cenos floating wind project to perform surveys to revalidate NorthConnect data from 2017

The developers of the 1.4 GW Cenos floating offshore wind project in Scotland are set to run a nearshore survey campaign in March to revalidate data collected in 2017 by NorthConnect, an interconnector project whose infrastructure Cenos planned to use to connect to the grid. Starting on 11 March, th

about 2 years ago
A project to develop a severe weather resistant OTEC structure.
Business & Finance

Tropical storm-proof OTEC system nears fabrication phase

Seven European partners are set to begin fabrication of an ocean thermal energy conversion (OTEC) platform said to be capable of surviving in tropical storm areas, destined for deployment offshore Spain. Being developed under the EU-funded project PLOTEC, fabrication of the system is to begin this m

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies and QatarEnergy entering South African offshore block

TotalEnergies and QatarEnergy have laid the groundwork to expand their presence in the Orange Basin by getting interests in a block off South Africa.

about 2 years ago
Hanwha sets up new division to build eco-friendly fuel engines
Business & Finance

Hanwha sets up new division to build eco-friendly fuel engines

South Korean conglomerate Hanwha Group has launched a new affiliate, Hanwha Engine, after acquiring marine engine company HSD Engine.

about 2 years ago
Tekmar
Business & Finance

Tekmar says 2023 pivotal year, despite instability in offshore wind market

Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted

about 2 years ago
LS Cable wins preferred supplier status for Taiwanese offshore wind project
Business & Finance

LS Cable wins preferred supplier status for Taiwanese offshore wind project

Copenhagen Infrastructure Partners (CIP) has signed a preferred supply agreement with LS Cable for the supply of offshore and onshore cables to Feng Miao 1, the company’s third offshore wind project in Taiwan. Under the agreement, Korea-based LS Cable will supply offshore export cables, inter-array

about 2 years ago
EU grants €8.9 million for advanced hydrogen valley in Western France
Business & Finance

EU grants €8.9 million for advanced hydrogen valley in Western France

An 18-member consortium, coordinated by French hydrogen producer Lhyfe, has launched a new project to establish an advanced green hydrogen valley in Western France. The project has received an €8.9 million grant from the European Commission through the Clean Hydrogen Joint Undertaking. The project c

about 2 years ago
IRS
Business Developments & Projects

IRS, GRSE to jointly develop autonomous and green ships

Classification society Indian Register of Shipping (IRS) has signed a memorandum of understanding (MOU) with local shipbuilder Garden Reach Shipbuilders & Engineers Limited (GRSE) to jointly work on the development of autonomous and green energy vessels.

about 2 years ago
TKF workers producing the first power cores in its new cable factory in Eemshaven
Business & Finance

TKF starts production in new cable factory in Eemshaven

Netherlands-based company BV Twentsche Kabelfabriek (TKF) has produced its first power cores in its new cable factory in Eemshaven. The company produced three power cores for the type test cable, which were provided with the welded aluminum screen and PE outer sheath. The investment in the new fact

about 2 years ago
MAN ES
Business Developments & Projects

MAN ES expands duel-fuel methanol engine deal with CCS

German engine manufacturer MAN Energy Solutions and China Classification Society (CCS) have signed a sub-agreement that will support the development project for the new MAN 21/31 dual-fuel methanol (DF-M) engine.

about 2 years ago
Misje hybrid bulker
Vessels

Misje Rederi hails construction milestones for eco-friendly hybrid bulkers

Norwegian shipowner Misje Rederi has welcomed the fourth eco-friendly hybrid bulk carrier Misje Flora from Colombo Dockyard in Sri Lanka.

about 2 years ago
Illustration; Source: Saudi Aramco
Business Developments & Projects

Viasat and Aramco join forces for ‘first maritime trial’ of 5G mesh network

Inmarsat Maritime, a Viasat company, has signed a memorandum of understanding (MoU) with Saudi Arabia’s oil and gas giant Aramco to perform what is said to be the world-first 5G mesh network trial for the Saudi energy player’s offshore projects in the Arabian Gulf. The goal is to enable high-speed c

about 2 years ago
Wavepiston opens capital raise to back wave energy system
Authorities & Government

Danish firm to explore wave energy deployment offshore Barbados

Danish company Wavepiston and Export Barbados (BIDC), an agency of the Barbados Government, are set to explore the deployment of wave energy farms offshore Barbados. According to Wavepiston, Barbados and most of the Caribbean region hold a large potential for wave energy. Barbados has set a net-zero

about 2 years ago
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