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Business Developments & Projects

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McDermott scores Woodfibre LNG EPFC contract
Business Developments & Projects

McDermott scores Woodfibre LNG EPFC contract

U.S. offshore engineering firm McDermott has won an engineering, procurement, fabrication, and construction (EPFC) contract for the Canadian Woodfibre LNG project.

about 4 years ago
Lukoil strikes oil in waters off Mexico
Business Developments & Projects

Lukoil strikes oil in waters off Mexico

Russian oil and gas company Lukoil has made an oil discovery within the Yoti West structure at Block 12 located offshore Mexico.

about 4 years ago
Prysmian gets €68 million contract for new subsea power link in Italy
Business Developments & Projects

Prysmian inks €68 million deal for new subsea power link in Italy

Prysmian has received a Letter of Award from Italian transmission system operator (TSO) Terna to develop a submarine power link between the island of Elba and the Italian mainland.

about 4 years ago
ME-GI engines to power Seaspan’s LNG container ships
Business Developments & Projects

ME-GI engines to power Seaspan’s LNG container ships

German manufacturer MAN Energy Solutions (ES) has secured a contract with Chinese shipbuilder Yangzijiang Shipbuilding to provide ten ME-GI engines for 7,000 TEU container ships.

about 4 years ago
Vår Energi
Business Developments & Projects

IKM Elektro to take care of Vår Energi assets in next five years

Vår Energi has entered into an agreement with IKM Elektro to support all of its operated facilities on the Norwegian continental shelf.

about 4 years ago
Denmark, Belgium, and Germany step closer to energy island grid links
Business Developments & Projects

Denmark, Belgium, and Germany step closer to energy island grid links

The Danish Minister of Climate, Energy and Utilities, Dan Jørgensen, and the Belgian Minister of Energy, Tinne van der Straeten, have signed a formal political Memorandum of Agreement to establish an offshore grid connection between Denmark and Germany including the Danish energy island in the North

about 4 years ago
Wello's Penguin wave energy device (Courtesy of Wello)
Business Developments & Projects

Wello in talks for 5MW wave energy project in Barbados

Finnish wave energy company Wello and government-led agency Export Barbados (BIDC) have announced a new cooperation agreement to explore the opportunities that lie in Barbados’ marine space for energy generation.

about 4 years ago
Noble Hans Deul rig - IOG
Business Developments & Projects

IOG’s North Sea project still on track for first gas after repairs on Noble rig

IOG plc expects to continue working on a UK North Sea project soon following repairs to a damaged Noble Corporation-owned rig.

about 4 years ago
Wärtsilä and MPA team up for smart port solutions
Business Developments & Projects

Wärtsilä and MPA team up for smart port solutions

Finland-based Wärtsilä Voyage and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) to collaborate on smart port innovation and digitalisation.

about 4 years ago
New Fortress Energy gets credit rating upgrade
Business Developments & Projects

New Fortress Energy gets credit rating upgrade

New York-based LNG infrastructure company New Fortress Energy (NFE) says that S&P Global Ratings (S&P) has upgraded its issuer credit rating from ‘B+’ to ‘BB-’/Stable Outlook.

about 4 years ago
Fred. Olsen 1848 emerges, sets sights on floating offshore wind and floating solar
Business Developments & Projects

Fred. Olsen 1848 emerges, sets sights on floating offshore wind and floating solar

Norway’s Bounheur ASA has established a new company, Fred. Olsen 1848, dedicated to developing and commercialising new technologies related to renewable energy such as floating offshore wind and floating solar. Fred. Olsen 1848 will focus on the development and commercialization of existing, but als

about 4 years ago
WinGD
Business Developments & Projects

WinGD engines to run on methanol and ammonia by 2025

Swiss marine engine designer and power system integrator WinGD has revealed that its engines will be able to run on methanol and ammonia from 2024 and 2025 respectively.

about 4 years ago
Deepsea Stavanger rig - Lundin
Business Developments & Projects

Lundin secures permit for Norwegian wildcat well

The Norwegian Petroleum Directorate has granted Lundin Energy Norway a drilling permit for a wildcat well in the Norwegian Sea.

about 4 years ago
Photo showing Seabased’s wave energy technology (Courtesy of Seabased)
Business Developments & Projects

Seabased inks lease for 40MW wave energy park in the Bermudas

Swedish wave energy company Seabased has signed a lease agreement with the Government of Bermuda for the construction of 40MW wave energy park.

about 4 years ago
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