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Business Developments & Projects

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NYK
Business Developments & Projects

NYK to issue new round of transition bonds to support its ambitious decarbonization plan

Japanese shipping major Nippon Yusen Kaisha (NYK) has announced plans to issue transition bonds in late November in an effort to accelerate its decarbonization projects.

about 10 months ago
Fulmar Explorer
Business Developments & Projects

2009-built source vessel to spend more time in Western Hemisphere

Cyprus-headquartered SeaBird Exploration, a wholly owned subsidiary of SED Energy Holdings, has secured a contract extension for its source vessel for work in the Western Hemisphere. The three-month contract extension for the 2009-built Fulmar Explorer, which joined the company’s fleet in 2019, will

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about 10 months ago
Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd’s fleet to be enriched with 14 methanol dual-fuel units

German container shipping heavyweight Hapag-Lloyd has placed firm orders at two yards based in China for the construction of at least fourteen methanol dual-fuel container vessels. According to data released by Greece-based shipbroker Intermodal, Hapag-Lloyd has tapped Taizhou Sanfu Ship Engineering

about 10 months ago
An offshore drilling rig
Business Developments & Projects

Rhino prolongs Northern Ocean rig’s stay in Namibia

African energy exploration player Rhino Resources has added an additional assignment to a contract for the semi-submersible rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling, offshore Namibia.

about 10 months ago
Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway
Business Developments & Projects

Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway

Marine robotics company Ocean Infinity is set to begin a geotechnical survey later this month for Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England. The marine survey activities for the 2 GW EGL5 are expected to commence on November 23

about 10 months ago
Peregrino C platform
Business Developments & Projects

Equinor closes stake sale of international portfolio ‘cornerstone’ in Brazil

Norwegian state-owned energy giant Equinor has finalized the sale of its operated interest in a field in Brazil’s Campos Basin to Brazilian oil and gas company PRIO, formerly known as PetroRio.

about 10 months ago
Source: Weco
Business Developments & Projects

Weco secures support to advance scalable wave energy solutions

The Hague-based Wave Energy Collective (Weco) has raised €600,000 to accelerate the development and testing of its modular wave energy technology. According to Weco, the investment comes from the Netherlands Enabling Water Technology fund (NEW-ttt), Init Power, and Cyriel de Jong. The company said t

about 10 months ago
Plaquemines LNG; Courtesy of Venture Global LNG
Business Developments & Projects

Venture Global continues LNG spree with 20-year Mitsui deal

Venture Global, a U.S. producer of liquefied natural gas (LNG) sourced from North American basins, has executed a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with Japan’s Mitsui & Co.

about 10 months ago
SHI
Business Developments & Projects

Indian yard clinched by Norwegian player to build six fit-for-future chemical tankers

Indian shipbuilder Swan Defence and Heavy Industries Limited (SDHI) has shaken hands with Norway-based shipping company Rederiet Stenersen for the construction of six future-proof 18,000 dwt chemical tankers. As divulged by SDHI on November 10, the two parties signed a letter of intent (LoI) for the

about 10 months ago
DNV approves Hycamite’s tech for onboard hydrogen production from LNG
Business Developments & Projects

DNV approves Hycamite’s tech for onboard hydrogen production from LNG

Hycamite has received approval in principle (AiP) from DNV for its technology that produces hydrogen from LNG onboard ships.

about 10 months ago
Alaska LNG
Business Developments & Projects

Baker Hughes tech supplier of choice for Alaskan LNG project

U.S.-based Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has selected compatriot energy technology giant Baker Hughes to provide technology for the liquefied natural gas (LNG) project that the former is developing in the U.S. northernmost state.

about 10 months ago
Saipem gives out €8.5M contract to compatriot NextGeo for work offshore Libya
Business Developments & Projects

Saipem gives out €8.5M contract to compatriot NextGeo for work offshore Libya

Italy’s Next Geosolutions (NextGeo) has won a €8.5 million contract with compatriot engineering, drilling, and construction services giant Saipem for survey and support to installation activities for an offshore gas project in North Africa. NextGeo will deploy the vessels NG Worker and NG Surveyor t

about 10 months ago
Hyundai Motor signs MoU to advance hydrogen port development in Pyeongtaek
Business Developments & Projects

Hyundai Motor signs MoU to advance hydrogen port development in Pyeongtaek

South Korean conglomerate Hyundai Motor Group (HMG) has entered a multilateral memorandum of understanding (MoU) with Pyeongtaek City and key partners to develop carbon-neutral hydrogen port initiatives, aiming to establish a Korean model for port decarbonization and contribute to national carbon-ne

about 10 months ago
New Asso.subsea cable layer to sport automation system from Finnish company
Business Developments & Projects

New Asso.subsea cable layer to sport automation system from Finnish company

Greece’s Asso.subsea has placed an order with a firm headquartered in Finland for an Integrated Automation System (IAS) to be delivered for its DP 2 cable-laying vessel (CLV) currently being built in China. Valmet will supply its automation technology for the vessel named Althea, which the China Mer

about 10 months ago