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Business Developments & Projects

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Alotta floating solar
Business Developments & Projects

Norwegian floating solar firm lands €5.4M for global expansion

Norwegian floating solar company Alotta has raised NOK 63.5 million (around €5.4 million) to accelerate international expansion following a 15-year power purchase agreement (PPA) with Mowi Chile, the world’s largest salmon farmer. According to Alotta, the deal covers renewable power supply to Mowi’s

about 10 months ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business Developments & Projects

North Sea operator raises its stake in UK gas field

Ithaca Energy, a North Sea oil and gas operator and producer, has completed its acquisition of an additional stake in a gas field on the UK Continental Shelf (UKCS).

about 10 months ago
Prysmian preferred bidder to get €2B contract for major UK interconnector
Business Developments & Projects

Prysmian preferred bidder to get €2B contract for major UK interconnector

Great Britain’s transmission owners National Grid Electricity Transmission and SP Energy Networks have selected Italian cabling giant Prysmian as the preferred bidder for the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland

about 10 months ago
LR
Business Developments & Projects

LR joins forces with Texas firm to explore use of micro-nuclear reactors in powering ships

UK classification society Lloyd’s Register (LR) has partnered with Deployable Energy, a Houston-based nuclear technology company, to advance the safe use of micro-nuclear reactor technology to power ships.

about 10 months ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business Developments & Projects

Transocean rig two weeks away from drilling ops offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has embarked on pre-lay operations before it begins its natural gas exploration activities in the Otway Basin off the coast of Australia, with a rig owned by Transocean, an offshore drilling giant.

about 10 months ago
WinGD
Business Developments & Projects

WinGD all but ready to roll out ethanol-fueled two-stroke marine engine

Swiss marine power company WinGD is geared up to unveil an ethanol-powered two-stroke engine next year, with deliveries expected to commence in 2027. According to the officials from the company, the engine is going to be applicable for both newbuildings and for retrofitting projects. As disclosed, t

about 10 months ago
Edda Freya; Source: DeepOcean
Business Developments & Projects

DeepOcean lands new job at Equinor’s two oil & gas fields in Norwegian waters

DeepOcean has won a new installation assignment at two oil and gas fields off the coast of Norway with the country’s state-owned energy giant Equinor.

about 10 months ago
Costamare Bulkers
Business Developments & Projects

Costamare Bulkers to collaborate with Cargill on dry bulk ships. Decarbonization projects included

Monaco-based dry bulk vessel owner and operator Costamare Bulkers Holdings Limited has signed a strategic cooperation agreement with Swiss freight trader Cargill International covering dry bulk vessels and decarbonization projects.

about 10 months ago
Wärtsilä has signed a ten-year lifecycle agreement with OPearl LNG Ship Management for 14 LNG carriers; Credit: OPearl LNG Ship Management
Business Developments & Projects

Another Chinese player turns to Wärtsilä: Operational reliability boost on the horizon for 14 LNG vessels

Wärtsilä has secured a multi-year lifecycle agreement for 14 liquefied natural gas (LNG) carriers with Hong Kong-based OPearl LNG Ship Management, a joint venture between China Merchant LNG, CNOOC, and NYK, which was created to serve as the ship management arm for all three shareholders.

about 10 months ago
Klaipėda Port nears completion of green hydrogen project
Business Developments & Projects

Klaipėda Port nears completion of green hydrogen project

The main component of the new hydrogen production and refueling station at the Port of Klaipėda in Lithuania – the electrolyzer – has passed factory tests in Italy, marking a key milestone in the project.

about 10 months ago
LNG carrier Ignacy Jan Padarewski at sea
Business Developments & Projects

Orlen marks first LNG delivery to Japan

Poland’s ORLEN Group has completed its first delivery of liquefied natural gas (LNG) to Japan’s Osaka Gas.

about 10 months ago
Norway’s Buksér og Berging welcomes new hybrid tug
Business Developments & Projects

Norway’s Buksér og Berging welcomes new hybrid tug

Norwegian maritime services provider Buksér og Berging has taken delivery of a new hybrid tugboat built by Türkiye’s Uzmar Shipyard.

about 10 months ago
George W. Goethals
Business Developments & Projects

Jan De Nul orders rock installation vessel for protection of subsea infrastructure

Jan De Nul has ordered a new subsea rock installation vessel (SRIV) in response to the growing global demand for the protection of underwater infrastructure. The vessel will primarily focus on projects in the energy sector, with the North Sea and Southeast Asia regions being the core of its operatio

about 10 months ago
Illustration; Source: Serica Energy
Business Developments & Projects

$25.6M acquisition expanding Serica’s North Sea footprint

The UK-based upstream oil and gas player Serica Energy has signed a sale and purchase agreement to acquire 100% of the issued share capital of Prax Upstream from Prax Exploration & Production.

about 10 months ago
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