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Business Developments & Projects

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Brad Buckham from PRIMED showcasing a similar type of buoy-based wave data collection platform that will be deployed in the waters off Yuquot (Photo courtesy of UVic Photo)
Business Developments & Projects

Canadian wave energy project gets over $700K funding boost

University of Victoria’s Pacific Regional Institute for Marine Energy Discovery (PRIMED) has secured C$1 million ($730,000) grant to progress a renewable energy microgrid project incorporating a wave energy device on Nootka Island in British Columbia.

about 3 years ago
Spain-France subsea interconnector to be developed in spite of 'sharp' rise in prices
Business Developments & Projects

Spain-France subsea interconnector to be developed in spite of ‘sharp’ rise in prices

The Spanish regulatory authority the Comisión Nacional de los Mercados y la Competencia (CNMC) and the French counterpart the Commission de régulation de l’énergie (CRE) have reached an agreement on the distribution of financing for the electricity interconnector that will link France and Spain taki

about 3 years ago
PGS secures new 3D seismic acquisition contract in Namibia
Business Developments & Projects

PGS secures new 3D seismic acquisition contract in Namibia

PGS has entered into an agreement with an undisclosed client to conduct a 3D exploration acquisition contract offshore Namibia.

about 3 years ago
Kristine Bangstad Fredriksen, Ocean Oasis co-founder and CEO (Courtesy of Ocean Oasis)
Business Developments & Projects

Ocean Oasis raises capital to advance wave energy driven-desalination tech

Norwegian company Ocean Oasis has secured funding from the existing and new investors that will be used to further develop its wave energy-driven desalination technology.

about 3 years ago
Saipem and CTCI commission Nong Fab LNG terminal in Thailand
Business Developments & Projects

Saipem and CTCI commission Nong Fab LNG terminal in Thailand

Oilfield services provider Saipem and engineering, procurement, and construction (EPC) services provider CTCI have commissioned and started up Nong Fab LNG receiving terminal in Thailand. According to Saipem, the terminal, with a capacity of 7.5 million metric tonnes per annum, will receive LNG from

about 3 years ago
Skandi Achiever; Source: DOF
Business Developments & Projects

$35 million in contracts for DOF Subsea offshore Brazil

DOF Subsea has secured a contract extension with Brazilian oil and gas giant Petrobras for its 106-meter-long diving support vessel (DSV) Skandi Achiever. The new commitment has commenced in direct continuation with the current one and will run until February 2024. It will include remotely operated

about 3 years ago
U.S. and Fiji working on establishing green shipping corridor
Business Developments & Projects

U.S. and Fiji working on establishing green shipping corridor

The United States of America, the Republic of Fiji, and the Pacific Blue Shipping Partnership have announced the intent to engage in technical cooperation to help facilitate the establishment of a green shipping corridor.

about 3 years ago
Van Oord enters partnership for uncrewed remote operations
Business Developments & Projects

Van Oord enters partnership for uncrewed remote operations

Van Oord and Demcon unmanned systems have signed a strategic partnership agreement to collaborate in accelerating the developments in the field of uncrewed remote operations for marine purposes. The two companies have already collaborated for several years in the field of uncrewed surface vessel (US

about 3 years ago
Höegh Autoliners to purchase Höegh Berlin vessel for $34.25 million
Business Developments & Projects

Höegh Autoliners to purchase Höegh Berlin vessel for $34.25 million

Norwegian shipowner Höegh Autoliners has agreed with the owner of the leased vessel Höegh Berlin to terminate the bareboat charter and purchase the vessel for a price of $34.25 million. According to Höegh Autoliners, the vessel was taken over on 1 March 2023. Höegh Berlin, built by Höegh at Daewoo S

about 3 years ago
Alex Doering; Source: Carnarvon Energy
Business Developments & Projects

With current CFO stepping down, Carnarvon promotes from within to fill the role

Australian oil and gas company Carnarvon Energy has picked a new Chief Financial Officer (CFO), after its current one decided to resign.

about 3 years ago
A cross section of a 525 kV XLPE HVDC cable
Business Developments & Projects

NKT and Prysmian win €3.8 billion worth of contracts for Dutch offshore wind grid connections

TenneT has selected NKT and Prysmian to install five 525 kV XLPE HVDC cable connections for grid projects which will link new Dutch offshore wind farms to the national grid. TenneT’s next-generation, 2 GW grid connections in the Netherlands are scheduled to be completed between 2028 and 2030. NKT wi

about 3 years ago
West Hercules rig; Source: Equinor; Credit: Ole Jørgen Bratland
Business Developments & Projects

Once Norwegian Sea licence is dropped, Longboat plans to pick it up

Longboat Energy is seeking to forge a new group of partners to re-apply for a license in the Norwegian Sea, once it has been abandoned.

about 3 years ago
Excelerate Energy signs extension agreement for FSRU Explorer
Business Developments & Projects

Excelerate Energy signs extension agreement for FSRU Explorer

US-based liquefied natural gas (LNG) company Excelerate Energy has secured a 5-year extension of its time charter agreement with Dubai Supply Authority (DUSUP) for the FSRU Explorer. Commenting on the announcement, Excelerate said it looks forward to continuing the partnership with DUSUP and remains

about 3 years ago
UK-produced well site processing solution to cut North Sea oil & gas operator's emissions by half
Business Developments & Projects

UK-produced well site processing solution to cut North Sea operator’s emissions

UK-based provider of integrated drilling waste management and environmental solutions TWMA has secured a seven-figure contract with an undisclosed “major” North Sea oil and gas operator. Under the contract, TWMA said it would deploy its RotoMill well site processing solution on a harsh environment s

about 3 years ago
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