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MoorPower scaled demonstrator barge undergoing preparatory works at Carnegie’s research facility (Courtesy of Carnegie Clean Energy)
Business Developments & Projects

Carnegie makes progress on MoorPower demonstration project

Carnegie Clean Energy has made significant advancements on the development of MoorPower demonstration project, whose aim is to introduce a CETO-derived wave energy product for the aquaculture sector.

about 3 years ago
Uranus rig; Source: Trillion Energy
Business Developments & Projects

Canadian player takes steps to gain more insight into Black Sea project’s gas potential

Canada’s oil and gas player Trillion Energy has kicked off its 3D seismic reprocessing project for a natural gas field in the Black Sea offshore Türkiye

about 3 years ago
Ursula von der Leyen, President of the European Commission; Image credit: World Economic Forum
Business Developments & Projects

EU’s Green Deal Industrial Plan sets the stage for faster green transition of shipping

The European Union has rolled out A Green Deal Industrial Plan for the Net-Zero Age, which is being described as the EU version of the US Inflation Reduction Act. The plan aims to provide a more supportive environment for the scaling up of the EU’s manufacturing capacity for the net-zero technologie

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Business Developments & Projects

Keppel O&M on track to deliver FPSO for ExxonMobil’s third project off Guyana

With the naming ceremony out of the way, Keppel Offshore & Marine is on track to deliver a new FPSO vessel to SBM Offshore in 1Q 2023.

about 3 years ago
WATCH: CAPITAL welcomes 1st LNG fuel-ready eco-friendly tanker in 2023
Business Developments & Projects

WATCH: CAPITAL welcomes 1st LNG fuel-ready eco-friendly tanker in 2023

Greece-based ship management company Capital Ship Management (Capital) has taken delivery of the newbuild 50,000 dwt chemical/product medium-range (MR) tanker with LNG fuel-ready propulsion. On 27 January, Capital said it took delivery of the vessel named M/T Alkiviadis from Hyundai Vietnam Shipyard

about 3 years ago
Anegasaki thermal power station new unit 1 starts commercial operation
Business Developments & Projects

Anegasaki thermal power station new unit 1 starts commercial operation

Japan’s Anegasaki thermal power station new unit 1, which energy company JERA Co. has been replacing through its subsidiary JERA Power Anegasaki G.K., has begun commercial operation. Thermal power station new unit 1 is an LNG-fired power station that uses a gas turbine combined-cycle power generatio

about 3 years ago
Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)
Business Developments & Projects

Minesto looks to strengthen its financial position through rights issue

Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.

about 3 years ago
BV awards world’s first AiP for vessel cyber resilience
Business Developments & Projects

BV awards world’s first AiP for vessel cyber resilience

French classification society Bureau Veritas (BV) has awarded approval in principle (AiP) to Japanese shipping major MOL for the basic design of a ship network with cyber resilience measures.

about 3 years ago
Simulation supporting certification: Challenges behind certification of offshore structures and simulation way
Business Developments & Projects

Simulation supporting certification: Challenges behind certification of offshore structures and simulation way

Company infoSDC Verifier is an engineering company in mechanical and structural design that provides engineering consultancy services and tailor-made code-checking software. The SDC Verifier software is a powerful standard checking tool that helps to automatically verify your FEA results according t

about 3 years ago
Lukoil hits production milestone in Caspian Sea
Business Developments & Projects

Lukoil hits production milestone in Caspian Sea

Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi

about 3 years ago
US DOE awards Port of Corpus Christi with $16.4M in CarbonSAFE grants
Business Developments & Projects

US DOE awards Port of Corpus Christi with $16.4M in CarbonSAFE grants

The Port of Corpus Christi has been allocated $16.4 million through the US Department of Energy’s (DOE) Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative to evaluate the technical and economic feasibility of permanently storing captured carbon dioxide (CO2) from industrial operati

about 3 years ago
Vela drillship (former West Vela); Source: Diamond Offshore
Business Developments & Projects

Diamond Offshore-managed drillship kicks off its new gig in Gulf of Mexico

Diamond Offshore has revealed that a drillship – managed on behalf of Aquadrill – has started its new assignment in the U.S. Gulf of Mexico.

about 3 years ago
DSME selects TMC compressors for BW LNG’s newbuild carriers
Business Developments & Projects

DSME selects TMC compressors for BW LNG’s newbuild carriers

Daewoo Shipbuilding and Marine Engineering (DSME) has contracted TMC Compressors to provide a marine compressed air system to four LNG carriers the shipbuilder is constructing for BW LNG. Norway-headquartered TMC, which manufactures marine compressors solely for marine and offshore use, will manufac

about 3 years ago
OCI, Unibarge to develop green methanol-fueled bunker barge
Business Developments & Projects

OCI, Unibarge to develop green methanol-fueled bunker barge

Dutch fuel producer OCI N.V. (OCI) has joined forces with compatriot barge operator Unibarge to develop Europe’s first dual-fuel bunker barge powered by green methanol.

about 3 years ago
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