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Business Developments & Projects

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Northern Lights carbon capture and storage project
Business Developments & Projects

Spotlight on major projects in carbon capture realm

Carbon capture utilization and storage has gained momentum in the last couple of years as energy transition talks and plans intensified.

11 minutes read
Petrojarl Banff FPSO - Teekay
Business Developments & Projects

After 21 years in North Sea, Petrojarl Banff FPSO ready for recycling – gallery

The Petrojarl Banff FPSO is now moored alongside the MARS quayside in Denmark in preparation for green recycling.

about 5 years ago
DEME, Van Oord JV wins Elbe dredging contract
Business Developments & Projects

DEME, Van Oord JV wins Elbe dredging contract

DEME Group has won a contract for the maintenance dredging of the River Elbe in Germany, together with their joint venture partner Van Oord. The maintenance work covers the stretch of the fairway from Hamburg to Cuxhaven. Several trailing suction hopper dredgers will be deployed on this project from

about 5 years ago
Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd off to a good start in 2021

Despite a slight decline in transport volumes, German container shipping major Hapag-Lloyd closed the first quarter of 2021 with improved revenue and earnings. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to roughly $1.9 billion in Q1 2021 from $517 million reported i

about 5 years ago
CorPower nears completion of world's largest wave energy test rig
Business Developments & Projects

CorPower nears completion of world’s largest wave energy test rig

CorPower Ocean is nearing completion of what is said to be the world’s largest wave energy test rig following a two-year project, the Swedish wave energy company reported on its social media. The purpose of the dry testing is not only to test the overall performance of the system but also to debug,

about 5 years ago
Australia
Business Developments & Projects

Australia stuns with abandoned fields decom costs levy

The Australian oil industry was stunned by the government’s decision to levy the estimated $200 million cost of decommissioning Laminaria-Corallina oil fields in the Timor Sea.

about 5 years ago
Ashtead gets funds for unmanned digital twinning project
Business Developments & Projects

Ashtead gets funds for unmanned digital twinning project

Welaptega, an Ashtead Technology company, has secured $500,000 to develop a product to enable the digital twinning of underwater infrastructure without the need for offshore personnel. In collaboration with Whitecap Scientific, SubC Imaging, and Nova Scotia Community College SEATAC division, the new

about 5 years ago
Burbo Bank Extension offshore wind farm in the UK
Business Developments & Projects

Ørsted establishing foothold in North-Eastern Europe

World’s leading offshore wind developer Ørsted has submitted an application to build and operate an offshore wind farm in a country that is just only beginning to tap into its offshore wind potential. Denmark’s Ørsted submitted an application to build and operate an offshore wind farm in the Baltic

about 5 years ago
Egypt introduces plan to expand Suez Canal
Business Developments & Projects

Egypt introduces plan to expand Suez Canal

Abdel Fattah al-Sisi, Egyptian President, yesterday approved the widening and deepening of the southern part of the Suez Canal, after the 20,000TEU container vessel Ever Given crippled the critical maritime artery recently. With a length of 400 meters and a width of nearly 60 meters, this giant ship

about 5 years ago
Bunker One
Business Developments & Projects

Bunker One tanker starts biofuel trials

M/T Amak Swan, a tanker operated by marine fuel supplier Bunker One, has commenced trials of using biofuel in its own engine.

about 5 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business Developments & Projects

U.S. approves first large-scale offshore wind project

The US Secretary of the Interior Deb Haaland and Secretary of Commerce Gina Raimondo have announced approval of the construction and operation of the Vineyard Wind project — the first large-scale offshore wind farm in the United States. The Record of Decision (ROD) grants Vineyard Wind final federal

about 5 years ago
Marine Power Systems picks BiMEP for DualSub sea trials
Business Developments & Projects

Marine Power Systems picks BiMEP for DualSub sea trials

Marine Power Systems (MPS) has chosen the Biscay Marine Energy Platform (BiMEP) to carry out sea trials of its full-scale DualSub platform that houses both wave and wind power generation technologies. According to Marine Power Systems, the berth has been secured and a geotechnical survey of the site

about 5 years ago
Alfa Laval FSS ordered for Japanese LPG tanker trio
Business Developments & Projects

Alfa Laval FSS scores Japanese LPG tanker trio deal

Swedish company Alfa Laval has received an order for three units of the Alfa Laval FCM LPG systems that will be installed on three Japanese LPG carriers.

about 5 years ago
Zenith
Business Developments & Projects

Zenith Energy buys Candax Energy’s acreage in Tunisia

Canadian oil and gas company Zenith Energy has completed the acquisition of Candax Energy’s Barbados-based subsidiary Ecumed Petroleum Tunisia and with it two licenses in the African nation.

about 5 years ago
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