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Onboard carbon capture makes most business sense for large tankers & newbuilds
Business Developments & Projects

Onboard carbon capture makes most business sense for large tankers & newbuilds

Onboard carbon capture with chemical absorption on large tankers has the best business cases, according to a new report by Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. The technology has been on the receiving end of a lot of criticism as a costly and inefficient way of reducing CO2 emissi

about 3 years ago
A photo of the Beatrice offshore wind farm
Business Developments & Projects

Geophysical survey underway at 1 GW Irish offshore wind farm site

A geophysical survey campaign has started at the project site of SSE Renewables’ Braymore Wind Park in the north Irish Sea. The campaign will involve the deployment of towed equipment from survey vessels and is expected to be completed by early November 2022, subject to weather and operational const

about 3 years ago
Series of contracts to keep DOF fleet busy for over 680 vessel days
Business Developments & Projects

Series of contracts to keep DOF fleet busy for over 680 vessel days

DOF Subsea has secured multiple contracts in the Atlantic region and in the Gulf of Mexico totaling more than 680 vessel days and bringing in around $108 million. DOF Subsea will use its Skandi Acergy, Skandi Constructor, Skandi Seven, Skandi Skansen, Skandi Hera and selected third-party vessels for

about 3 years ago
Equinor adds more work to Odfjell rig’s backlog
Business Developments & Projects

More work with Equinor added to Odfjell rig’s backlog

Equinor has decided to exercise its option to add another well to the backlog of an Odfjell Drilling-owned rig.

about 3 years ago
Enbridge acquires TGE to expand renewable business in North America
Business Developments & Projects

Enbridge acquires TGE to expand renewable business in North America

Canadian pipeline company Enbridge has acquired Tri Global Energy (TGE), the US renewable project developer, to speed up its growth strategy in North America. Enbridge has closed the acquisition for $270 million in cash and assumed debt. Additionally, up to approximately $50 million in payments coul

about 3 years ago
Illustration/Wave energy device (Photo: YouTube/Screenshot)
Business Developments & Projects

US DOE opens $10 million funding call for marine energy systems innovation

The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has released a $10.3 million funding opportunity to accelerate the development and testing of renewable marine energy technologies with a focus on wave and ocean current resources.

about 3 years ago
ABS DSME AIP
Business Developments & Projects

DSME, ABS chart decarbonization path for ship designs

American Burea of Shipping (ABS) and South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have formed a joint development project to create a decarbonization strategy for DSME’s LNG carrier designs. Signed at Gastech, the project will see ABS and DSME investigate carbon emission

about 3 years ago
Peregrino A platform in Brazil
Business Developments & Projects

Double win for Wood in Brazil

Wood has been awarded two significant offshore contract extensions by Trident Energy and Equinor for services in Brazil.

about 3 years ago
Concept for Exowave’s wave energy technology (Courtesy of Exowave)
Business Developments & Projects

Exowave and JD-Contractor form strategic wave energy partnership

Denmark-based subsea services provider JD-Contractor has made a strategic move into the growing wave energy sector by forming a partnership with compatriot wave energy developer Exowave.

about 3 years ago
MISC orders LNG carrier duo, secures long-term charter deals with ExxonMobil unit
Business Developments & Projects

MISC orders LNG carrier duo, secures long-term charter deals with ExxonMobil unit

MISC Berhad (MISC), an owner and operator of liquefied natural gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts. MISC’s subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-ter

about 3 years ago
EverWind
Business Developments & Projects

EverWind, Svitzer to deploy 1st green fuel-powered tugs in Canso Strait

EverWind Fuels, a Nova Scotia-based developer of green hydrogen and ammonia production, and Svitzer, a Danish towage operator and part of A.P. Moller-Maersk, have signed a memorandum of understanding (MOU) to deploy one of the world’s first green fuel-powered commercial tug vessels in the Canso Stra

about 3 years ago
Coral-Sul FLNG - Eni - baker Hughes
Business Developments & Projects

Baker Hughes to take care of turbomachinery equipment on Eni’s FLNG

Baker Hughes has secured a new service contract for maintenance and monitoring of turbomachinery equipment at Coral Sul FLNG in Mozambique.

about 3 years ago
Helix Alliance Decom taps US duo for plug and abandonment services
Business Developments & Projects

Helix Alliance Decom taps US duo for plug and abandonment services

C-Innovation (C-I) and Grand Isle Shipyard (GIS) have secured a plug and abandonment contract with Helix Alliance Decom to provide pre-feed services for the decommissioning of three offshore platforms for a “major deepwater client”. In the first phase of the project, C-I provided ROV services to del

about 3 years ago
Chevron concludes first shipment of offset-paired LNG cargo
Business Developments & Projects

Chevron concludes first shipment of offset-paired LNG cargo

Chevron U.S.A. Inc., a subsidiary of integrated energy company Chevron, has delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo from the Gorgon project off Western Australia. Chevron said that greenhouse gas (GHG) emissions for the cargo will be fully offset via the retir

about 3 years ago
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