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Business Developments & Projects

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Two people inside an aluminum tank
Business Developments & Projects

HD KSOE commissions GTT for tank design of six LNG-fueled containerships

French technological containment specialist Gaztransport & Technigaz (GTT) has secured a contract from South Korean shipbuilding giant HD KSOE to design cryogenic tanks for six new LNG-fueled containerships ordered by shipowner Capital.

about 1 year ago
Second Island Offshore hybrid ocean energy construction vessel under construction at VARD
Business Developments & Projects

VARD cuts steel for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has cut the first steel for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore, some four months after the first steel was cut for the first vessel. Island Offshore placed an order with VARD for the

about 1 year ago
Image of Proteus Marine Renewables' tidal turbine underwater
Business Developments & Projects

Six years without pause sets milestone for world’s largest tidal stream array

The Swedish bearing and seal manufacturing company SKF has joined forces with UK-based tidal energy company Proteus Marine Renewables to deliver what is said to be “cutting-edge” technology for MeyGen, the world’s largest tidal stream facility located in Scotland’s Pentland Firth. SKF has reported a

about 1 year ago
Tsuneishi
Business Developments & Projects

Tsuneishi ‘strengthens’ shipbuilding portfolio with full acquisition of Mitsui E&S unit

Japan’s Tsuneishi Shipbuilding has made the decision to acquire all shares of compatriot Mitsui E&S Shipbuilding from ship equipment manufacturer Mitsui E&S, making it a wholly-owned subsidiary. The transaction was made official on June 30 this year. Going forward, Mitsui E&S Shipbuilding will opera

about 1 year ago
FPSO Triton
Business Developments & Projects

EnerMech scores multi-year contract for North Sea FPSO support

Aberdeen-headquartered integrated solutions specialist EnerMech has won a multi-year contract with compatriot oil and gas player Dana Petroleum for work related to a floating production, storage and offloading (FPSO) vessel it operates in the North Sea.

about 1 year ago
Svitzer welcomes its first fully electric tug
Business Developments & Projects

Svitzer welcomes its first fully electric tug

Denmark-based towage service provider Svitzer has taken delivery of its first fully electric tug from Turkish shipbuilder Sanmar Shipyards.

about 1 year ago
Illustration; Source: ADES
Business Developments & Projects

Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes

ADES has disclosed a towing incident in Egypt’s Gulf of Suez, involving a jack-up barge unit owned by its subsidiary and operating within a key oil zone in Egyptian territorial waters.

about 1 year ago
J.T. Angel jack-up rig
Business Developments & Projects

Shelf Drilling finds work for one 1982-built rig, eyes sale of another

UAE-headquartered offshore drilling contractor Shelf Drilling has inked a multi-year contract with India’s Oil and Natural Gas Corporation (ONGC) for a jack-up rig to be deployed in the Mumbai High, offshore India.

about 1 year ago
Brage platform; Source: OKEA
Business Developments & Projects

Norwegian operator tasks AGR with oil & gas reserves assessments

Norway’s AGR, part of the energy and marine consultancy ABL Group, has been entrusted with delivering annual independent reserves evaluation and a competent person report (CPR) to OKEA, a compatriot oil and gas player.

about 1 year ago
PEL 87 location map; Source: Pancontinental
Business Developments & Projects

New studies enhance outlook for Orange Basin exploration block

Australia-based petroleum exploration company Pancontinental Energy has revealed the results of two studies exploring hydrocarbon properties of a petroleum exploration license (PEL) it operates in the Orange Basin, offshore Namibia.

about 1 year ago
MOL
Business Developments & Projects

MOL grows tank storage business as it completes LBC Tank Terminals acquisition

Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.

about 1 year ago
HD Hyundai
Business Developments & Projects

HD Hyundai affiliates partner to advance autonomous maritime solutions

Two affiliates of South Korea’s conglomerate HD Hyundai have entered an agreement to jointly ‘fast-track’ the adoption and expansion of autonomous navigation technology at sea. As disclosed, autonomous navigation systems provider Avikus and ship design affiliate HD Hyundai ENT (formerly E&T) inked a

about 1 year ago
Delfin LNG; Source: Delfin Midstream
Business Developments & Projects

Siemens, Samsung, and Black & Veatch scoop up work on US deepwater LNG export project

Delfin Midstream has tasked three players – Siemens Energy, Samsung Heavy Industries (SHI), and Black & Veatch – with handling assignments on its American LNG project, which is under development in Louisiana and offshore in the U.S. Gulf.

about 1 year ago
Eltronic FuelTech establishes Chinese subsidiary to deepen market focus and drive regional growth
Business Developments & Projects

Eltronic FuelTech establishes Chinese subsidiary to deepen market focus and drive regional growth

Eltronic FuelTech has established a subsidiary in China – Eltronic FuelTech (Shanghai), and launched a dedicated Chinese website, as part of its strategic growth journey.

about 1 year ago
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