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Business Developments & Projects

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COSL Prospector rig; Credit: COSL Drilling Europe
Business Developments & Projects

COSL rig set to spin the drill bit in Norwegian waters next month

Equinor has secured a drilling permit for an exploration well in the Barents Sea, which will be drilled next month with COSL Drilling Europe’s semi-submersible rig.

about 1 year ago
Value Maritime
Business Developments & Projects

Value Maritime widens its net in Türkiye via new agreement

The Netherlands-based cleantech company Value Maritime (VM) has broadened its market reach in Türkiye, having inked a commercial representation agreement with technical services consultancy Bulutlu Marine. As disclosed, the two parties shook hands on this deal on June 5 during a maritime conference

about 1 year ago
Korean researchers develop platinum-free hydrogen electrolysis solution
Business Developments & Projects

Korean researchers develop platinum-free hydrogen electrolysis solution

A research team led by Hee-Tak Kim of the Department of Chemical and Biomolecular Engineering, Korea Advanced Institute of Science & Technology (KAIST), in a joint study with Gisu Doo of the Korea Institute of Energy Research (KIER), has developed a platinum-free water electrolysis technology.

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

ADNOC, Inpex, Eni, PTTEP, and Pakistan’s PIOL emerge as winners of three oil & gas blocks

The Supreme Council for Financial and Economic Affairs (SCFEA) has handed out three separate oil and gas production concessions to the UAE-based Abu Dhabi National Oil Company (ADNOC) and its partners, including Japan’s Inpex Corporation, Italy’s Eni, Thailand’s PTTEP, and Pakistan International Oil

about 1 year ago
A shipyard at night
Business Developments & Projects

ModuSpec lands rig inspection job off Egypt

MR Group’s ModuSpec, a rig intake and inspection specialist, has won contracts for work related to rigs in operation onshore and offshore Egypt.

about 1 year ago
Minesto's Dragon 12 tidal energy kite ready to operate
Business Developments & Projects

Minesto’s Dragon 12 hits 25% performance boost after tether upgrade

Swedish tidal energy developer Minesto’s upgraded Dragon 12 tidal energy device, deployed in Vestmannasund, Faroe Islands, has reached a performance milestone, delivering a 25% increase in power output following the installation of a longer tether. According to Minesto, the ten-meter extension to th

about 1 year ago
SAL Heavy’s fleet grows with launch of fourth methanol-ready Orca class ship
Business Developments & Projects

SAL Heavy’s fleet grows with launch of fourth methanol-ready Orca class ship

Germany’s maritime heavy lift and project cargo carrier SAL Heavy Lift has reached a new milestone in the construction of its methanol-ready Orca class fleet with the launch of the fourth unit, Carlotta.

about 1 year ago
AHTS Skandi Cutter; Source: DOF
Business Developments & Projects

Multi-year extension for DOF’s 2015-built vessel in Canada

DOF Group has secured more work for one of its anchor handling tug supply (AHTS) vessels off the coast of Canada, enabling the ship to remain working for its current employer.

about 1 year ago
DeepOcean has begun live trials of its remotely operated vehicle (ROV) launch and recovery system (LARS), reporting that early results indicate the system is performing as expected on the uncrewed sur
Business Developments & Projects

DeepOcean tests uncrewed ROV launch and recovery system in rough seas (Video)

Ocean services provider DeepOcean has begun live trials of its remotely operated vehicle (ROV) launch and recovery system (LARS), reporting that early results indicate the system is performing as expected on the uncrewed surface vessel (USV) Challenger. The vessel, recently delivered from the shipya

about 1 year ago
CMA CGM
Business Developments & Projects

New EAC matchmaker service joins decarbonization race

A new independent matchmaker service for verified Environmental Attribute Certificates (EACs) has made its foray into the market with the goal of supporting companies in reducing their Scope 3 emissions across their supply chains. As disclosed, Carboninsets was created and launched to ‘unite’ cargo

about 1 year ago
Aerial view of Seatrium's shipyard in Angra, Brazil
Business Developments & Projects

Topside construction underway for Petrobras’ next-gen FPSO

The construction of topside modules for a floating production storage and offloading (FPSO) unit set to work at Brazil’s Santos Basin with the state-owned energy giant Petrobras has started at Seatrium’s shipyard in Angra, Brazil, formerly known as BrasFels.

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

TotalEnergies pins its multi-energy advancement hopes on AI while setting up new lab

TotalEnergies has pinpointed the acceleration of artificial intelligence (AI) as a roadmap paving the way toward the realization of its multi-energy strategy, primarily in low-carbon energies, which are expected to be among the key beneficiaries of its partnership with a compatriot generative AI pla

about 1 year ago
BC Ferries
Business Developments & Projects

New Major Vessels: BC Ferries taps Chinese shipyard to build four hybrid ships

Pressing on with fleet renewal and the New Major Vessels (NMVs) project, Canada’s ferry operator BC Ferries has contracted China Merchants Industry Weihai Shipyards (CMI Weihai) to build four new ships with diesel-battery hybrid propulsion systems.

about 1 year ago
N-Sea awards SCA contract for cable-laying vessel deck spread
Business Developments & Projects

N-Sea awards SCA contract for cable-laying vessel deck spread

UAE’s Subsea Cable Assets (SCA) has secured a contract from the Netherlands-headquartered N-Sea Group covering the full design, manufacturing, delivery, and commissioning of a cable installation deck spread for the cable-laying vessel (CLV) Altera. The scope is said to include a 4,500-tonne carousel

about 1 year ago
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