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Business Developments & Projects

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A phot of the Hollandse Kust Noord offshore wind farm
Business Developments & Projects

‘World’s first’ fully remote ecology survey done at 759 MW Dutch offshore wind farm

The BeWild project, led by the Dutch geo-data specialist company Fugro, has completed what they claim to be the world’s first fully remote ecology survey at CrossWind’s Hollandse Kust Nord offshore wind farm in the Netherlands. Together, the BeWild partners integrated computer vision and environment

about 1 year ago
An offshore platform
Business Developments & Projects

US administration urged to stave off drilling in Carolinas’ outer shelf

Two governors, one from North Carolina and one from South Carolina, have sent a joint letter to the United States’ administration to remove the two states’ outer continental shelf lands from consideration in the upcoming 11th National Outer Continental Shelf (OCS) Oil and Gas Leasing Program.

about 1 year ago
Research center for sustainable shipping opens in Scotland
Business Developments & Projects

Research center for sustainable shipping opens in Scotland

Scotland’s University of Strathclyde, in partnership with Germany-based dry bulk carrier owner and operator Oldendorff Carriers, has launched a new research center focused on sustainable shipping.

about 1 year ago
Members of the Marine Energy Taskforce (MET)
Business Developments & Projects

UK launches taskforce to drive tidal and wave energy roadmap

The UK has launched the Marine Energy Taskforce (MET), a new initiative aimed at developing a roadmap to realise the country’s marine energy potential. Supported by The Crown Estate and Crown Estate Scotland, the 12-month project will focus on accelerating wave and tidal stream energy deployment whi

about 1 year ago
Canada’s Port of Nanaimo hosts its first LNG bunkering operation
Business Developments & Projects

Canada’s Port of Nanaimo hosts its first LNG bunkering operation

Canada’s Port of Nanaimo has witnessed its first LNG bunkering with compatriot shipowner Seaspan completing a ship-to-ship operation and marking a new milestone for the port.

about 1 year ago
Several people standing in line at a document signing ceremony
Business Developments & Projects

Woodside to supply Petronas with LNG under long-term agreement

Two energy majors, Australia’s Woodside Energy and Malaysia’s state-owned Petronas, have signed a non-binding heads of agreement (HOA) for a long-term supply of liquefied natural gas (LNG) to Malaysia.

about 1 year ago
Kystdesign to strengthen DeepOcean's ROV fleet with 7 new units
Business Developments & Projects

Kystdesign to strengthen DeepOcean’s ROV fleet with 7 new units

Ocean services provider DeepOcean has signed an agreement with Kystdesign for the delivery of seven remotely operated vehicles (ROVs), two of which have already been delivered, expanding its ROV fleet of almost 60 units. DeepOcean recently took delivery of two Constructor-series work-class ROVs (WRO

about 1 year ago
Safe Notos; Source: Prosafe
Business Developments & Projects

Prosafe vessel’s Brazilian gig confirmed as Petrobras upholds bid results

With the results of the tender reaffirmed, Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe is anticipating the prompt signing of a multi-year vessel contract in South America with Petrobras, Brazil’s state-owned oil and gas giant.

about 1 year ago
FPSO Jotun; Source: Vår Energi
Business Developments & Projects

Go-ahead for another chapter of North Sea oil project’s story: More coming up by year-end

While one segment of an oil project in the North Sea is slated to go into production mode this year, Vår Energi and its partner, Kistos Energy, have put their stamp of approval on a final investment decision (FID) to bring online another addition to the same asset next year off the coast of Norway.

about 1 year ago
An FPSO at sea
Business Developments & Projects

Petrobras, Shell, and Exxon among majors securing fresh offshore acreage in Brazil’s latest oil & gas round

Nine companies have won exploration rights for several offshore blocks on offer at the 5th Permanent Concession Offer Cycle held by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP).

about 1 year ago
Subsea7 lands 'substantial' deal in Norway, offshore ops throughout 2027
Business Developments & Projects

Subsea7 gets to work on ‘substantial’ contract in Norway

Subsea7 has secured an engineering, procurement, construction and installation (EPCI) contract covering pipeline bundles, spools, protection covers and tie-ins for a project in Norwegian waters. While no details were disclosed, Subsea7 did state that the contract was substantial, meaning it is worth

about 1 year ago
Provaris and Yinson making strides in LCO2 shipping solutions
Business Developments & Projects

Provaris and Yinson making strides in LCO2 shipping solutions

Australian energy company Provaris and Yinson Production, an owner and operator of floating, production, storage, and offloading (FPSO) vessels, have completed liquid CO2 (LCO2) tank design and formed a joint venture (JV) to commercialize LCO2 marine and offshore applications.

about 1 year ago
Minesto secures $2.3M loan to support operations, clarify capital needs
Business Developments & Projects

Minesto secures $2.3M loan to support operations, clarify capital needs

Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest

about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business Developments & Projects

Oil & gas price uptick and vessel rerouting as Israel-Iran conflict keeps markets on edge

A spike in crude oil prices and tweaks to ships’ regular routes are some of the key indicators of uncertainty enveloping energy and shipping markets in the wake of Israel’s attack on Iran, as both countries turn off their giant offshore hydrocarbon production taps for safety reasons.

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