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Business Developments & Projects

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FPSO; Source: MODEC
Business Developments & Projects

MODEC-SOFEC merger giving birth to integrated mooring solutions business unit

Japan’s MODEC has embarked on a strategic merger of its wholly owned companies, MODEC America and SOFEC, to create an integrated mooring solutions business unit and strengthen global offerings.

about 8 months ago
Nexans Electra
Business Developments & Projects

Nexans Electra makes a splash, sea trials set for spring (Gallery)

The hull of Nexans’ new cable-laying vessel (CLV) Nexans Electra has been launched from the dock hall at Ulstein Verft in Norway, marking the start of the finalizing phase of testing and tuning before delivery next year. The vessel is nearing the completion of the outfitting phase, which has include

about 8 months ago
Lukoil
Business Developments & Projects

Russian oil & gas giant set on preventing ops disruption during divestment talks

Moscow-headquartered energy giant PJSC Lukoil is doing its utmost to ensure all operations at its assets are functioning properly during the sale discussions, shortly after receiving a bid from Switzerland’s Gunvor Group for its international portfolio of assets.

about 8 months ago
PXGEO clinches two contract wins with Petrobras for seismic acquisition
Business Developments & Projects

PXGEO clinches two contract wins with Petrobras for seismic acquisition

Marine geophysical service provider PXGEO has secured two contracts with consortia led by Brazilian oil & gas company Petrobras for the provision of seismic acquisition offshore Brazil. The projects will be carried out consecutively in 2026, with PXGEO deploying its proprietary MNode 4C ocean bottom

about 8 months ago
Transocean Equinox rig; Source: Transocean
Business Developments & Projects

Transocean rig hits gas pay in Australian waters

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has made a new gas discovery in the Otway Basin off the coast of Australia, with a semi-submersible rig owned by Transocean, an offshore drilling player.

about 8 months ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business Developments & Projects

New gig keeping Odfjell Drilling’s 2014-built rig busy up to Q2 2029

Odfjell Drilling, a 52-year-old offshore drilling player, has landed a new assignment for one of its semi-submersible rigs, which will enable the unit to be booked until the second quarter of 2029.

about 8 months ago
Orbital Marine Power’s O2 2-megawatt tidal stream turbine
Business Developments & Projects

Bay of Fundy tidal turbines get regulatory green light

Fisheries and Oceans Canada (DFO) has issued a Fisheries Act Authorization to Eauclaire Tidal to deploy up to three Orbital Marine Power O2-X tidal turbines at the Fundy Ocean Research Centre for Energy (FORCE). According to FORCE, the deployment is the first project to move forward under Canada’s r

about 8 months ago
Safe Caledonia; Credit: Prosafe
Business Developments & Projects

Prosafe vessel staying longer with Ithaca in UK

Ithaca Energy (UK) Limited has extended the stay of an accommodation, safety, and support vessel (ASV) from Prosafe’s fleet at a field it operates in the UK North Sea.

about 8 months ago
Source: Seaturns
Business Developments & Projects

Seaturns moves forward in wave energy trials

France’s wave energy developer Seaturns has started phase II of its full-scale trials in the Gironde estuary, Région Nouvelle-Aquitaine. The site was chosen for its technical and maritime conditions, which the company said are “ideal for validating our demonstrator.” According to Seaturns, Région No

about 8 months ago
TAP Air Portugal – Connecting the world’s maritime industry
Business Developments & Projects

TAP Air Portugal – Connecting the world’s maritime industry

With 80 years of history, TAP Air Portugal is proud to be the leading airline connecting Europe, Africa, and the Americas. Operating more than 1,200 weekly flights to 90 destinations across 30 countries, TAP plays a vital role in linking key global trade and energy hubs. Recognising the specific ne

about 8 months ago
Normand Ocean
Business Developments & Projects

Solstad vessel to keep sailing with DeepOcean in 2027, instead of work with Prysmian

A construction support vessel (CSV) owned by Norway’s Solstad Maritime is set to return to work for DeepOcean in 2027 instead of beginning a five-year contract with Italian cabling giant Prysmian Group as announced in 2024. Under a contract defined as very large, meaning it is worth between $50 mill

about 8 months ago
Mitsubishi
Business Developments & Projects

Mitsubishi Shipbuilding sends off Japan’s new eco-friendly car friendly to owner

Mitsubishi Shipbuilding, an arm of Japan’s giant Mitsubishi Heavy Industries (MHI) Group, has handed over the first of two large energy-efficient car ferries, the 14,300 GT Keyaki. As disclosed, the delivery ceremony for the 199-meter-long and 25.5-meter-wide environmentally friendly ferry was held

about 8 months ago
New biomass-to-biomethanol project in California advances
Business Developments & Projects

New biomass-to-biomethanol project in California advances

OroCarbo has selected Haffner Energy’s renewable syngas solution, SYNOCA, for integration into a 100-tonne/day biomass-to-biomethanol project in California, using Maverick Synfuels’ syngas-to-methanol conversion technology.

about 8 months ago
A man looking at a large vessel at sea
Business Developments & Projects

PETRONAS clears key milestone for Suriname’s first offshore gas development

A subsidiary of Malaysia’s state-owned energy giant PETRONAS and Suriname’s national oil company (NOC) Staatsolie Maatschappij Suriname (Staatsolie) have achieved a milestone, allowing them to move forward with the development of a gas field offshore Suriname.

about 8 months ago
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