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Wavepiston test string being deployed at PLOCAN (Courtesy of Michael Henriksen/Wavepiston)
Business Developments & Projects

Wavepiston targets €2M through equity issue

Danish company Wavepiston has launched a capital raise, seeking €2 million to advance its wave energy technology to the next level.

about 4 years ago
CGG wins contract extension with Petrobras
Business Developments & Projects

Petrobras extends contract for CGG’s dedicated reservoir services center

Oil and gas giant Petrobras has awarded CGG with a four-year contract extension for its dedicated reservoir services center in Rio de Janeiro, Brazil. Under the contract, CGG will continue providing its reservoir characterization workflows, such as geostatistical, 4D and azimuthal inversion, while a

about 4 years ago
Masirah Oil
Business Developments & Projects

Following production shutdown off Oman, restart anticipated in two weeks

Masirah Oil is putting the wheels into motion to resume production at a field offshore Oman after it was stopped due to oil leakage.

about 4 years ago
NYK
Business Developments & Projects

NYK 1st Japanese company to join UN’s Sustainable Ocean Principles

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has become a signatory to the UN Global Compact Sustainable Ocean Principles.

about 4 years ago
FTAI Ocean takes delivery of new well intervention tower system
Business Developments & Projects

FTAI Ocean takes delivery of new well intervention tower system

UK-based subsea engineering and offshore technology company Osbit has delivered a new well intervention tower system to FTAI Ocean, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (FTAI). The system comprises 1,300 tonnes of equipment and stands at 40 metres tall. According

about 4 years ago
clean ammonia
Business Developments & Projects

Japanese trio demonstrates clean ammonia supply chain linking UAE and Japan

Japanese companies INPEX Corporation, IHI Corporation and Mitsui O.S.K. Lines (MOL) have demonstrated a clean ammonia supply chain linking the United Arab Emirates (UAE) and Japan.

about 4 years ago
MeyGen turbine ahead of installation (Courtesy of SIMEC Atlantis Energy)
Business Developments & Projects

SIMEC Atlantis posts €86 million loss for ‘challenging’ 2021

Tidal energy company SIMEC Atlantis Energy has widen its losses for 2021, driven by the discontinuation of a power station conversion project and operational difficulties experienced at the MeyGen tidal energy project during the year.

about 4 years ago
Solstad to bank over $54 million in new vessel contracts
Business Developments & Projects

Solstad to bank over $54 million from new vessel contracts

Norwegian vessel owner Solstad Offshore has secured contract awards for its construction support vessels (CSVs) Normand Cutter and Normand Sentinel. Normand Cutter has won a contract with an undisclosed client in South America for a firm charter period of 460 days with the possibility of a further 4

about 4 years ago
AEMO: Marinus Link should be built urgently to deliver clean energy
Business Developments & Projects

AEMO: Marinus Link should be built urgently to deliver clean energy

The Australian Energy Market Operator (AEMO) has characterised Marinus Link, a proposed 1,500 MW subsea and underground electricity connection between Victoria and Tasmania, as a critical part of the country’s clean energy future. The market operator has published a 2022 Integrated System Plan (ISP)

about 4 years ago
Petronas signs deal for Indonesian block to ‘address the growing energy demand’
Business Developments & Projects

Petronas signs deal for Indonesian block to ‘address the growing energy demand’

Petronas has inked a PSC for a block onshore and offshore East Java, Indonesia to develop and explore the block’s hydrocarbon potential.

about 4 years ago
ABB
Business Developments & Projects

ABB to power Japan’s first electric tug

Switzerland-based technology company ABB has been contracted by power generation products manufacturer Japanese IHI Power Systems to provide propulsion solution for the electric tug for the ports of Tokyo Bay.

about 4 years ago
Sembcorp Marine delivers giant world’s first 8th generation drillship to Transocean
Business Developments & Projects

Sembcorp Marine delivers giant world’s first 8th generation drillship to Transocean

Singapore’s Sembcorp Marine has handed over a newbuild drillship, described as the world’s first eighth-generation drillship, to Transocean.

about 4 years ago
HHLA
Business Developments & Projects

World’s first climate-neutral container handling facility recertified by TÜV

Hamburger Hafen und Logistik AG (HHLA)’s Container Terminal Altenwerder (CTA) has once again received certification as a climate-neutral company from inspection, certification & testing organisation TÜV NORD.

about 4 years ago
Ports of Duisburg and Amsterdam to jointly develop hydrogen value chain
Business Developments & Projects

Ports of Duisburg and Amsterdam to jointly develop hydrogen value chain

Dutch Port of Amsterdam and German duisport have signed a memorandum of understanding (MOU) to expand their cooperation and jointly develop the hydrogen value chain and their hinterland network. The MOU represents a new phase in the long-term partnership between the two ports that are directly conne

about 4 years ago
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