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Business Developments & Projects

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Solvang: Steel cut for first two of seven Panamax VLGCs
Business Developments & Projects

Solvang: Steel cut for first two of seven Panamax VLGCs

Construction of the first two hulls in the Panamax very large gas carrier (VLGC) newbuilding series, owned by Norwegian shipping company Solvang, has begun in Korea.

about 1 year ago
Thailand's Mermaid Subsea Services orders four newbuild WROVs from Norway
Business Developments & Projects

Thailand’s Mermaid Subsea Services orders four newbuild WROVs from Norway

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has purchased four work-class remotely operated vehicles (WROVs) from Norway’s Argus Remote Systems. The company’s wholly owned subsidiary Mermaid Subsea Services (Thailand) (MSST) on Decembe

about 1 year ago
‘World’s largest’ LCO2 carrier hits the water
Business Developments & Projects

‘World’s largest’ LCO2 carrier hits the water

The first 22,000 cubic meter (cbm) liquefied CO2 (LCO2) carrier, dubbed the “world’s largest” and ordered by Greek shipping company Capital Clean Energy Carriers, has been launched in South Korea.

about 1 year ago
Floating solar project in Valencia reaches first milestones
Business Developments & Projects

BlueNewables taps Abervian for floating solar project in Valencia

Spain-based company Abervian has entered into a strategic collaboration with compatriot engineering consultancy supporting the marine energy sector BlueNewables to support the development of a 1 MW floating solar platform, scheduled for installation in the Port of Valencia, Spain in 2026. The projec

about 1 year ago
Arabia I jack-up rig comes to PGA-5, where work will be carried out in Sergipe; Source: Petrobras
Business Developments & Projects

Borr Drilling’s rig turns up in Brazil for oil & gas decom work with Petrobras (Gallery)

Petrobras has disclosed the arrival of a jack-up rig, owned by Borr Drilling, a UK-headquartered offshore drilling contractor, in Brazilian waters, where it will undertake well decommissioning activities at oil and gas assets off the coast of Brazil.

about 1 year ago
Journey from oil & gas to other markets: Malaysian firm buys cable laying barge
Business Developments & Projects

Journey from oil & gas to other markets: Malaysian firm buys cable laying barge

Keyfield International, a Malaysian provider of offshore accommodation vessels to the oil & gas industry, is making its way into the cable laying business with the acquisition of a 98-meter-long cable laying barge. Keyfield Ventures (Labuan) Limited (KVL), a newly incorporated 100%-owned subsidiary

about 1 year ago
AD Ports hosts its first ship-to-ship LNG bunkering at Khalifa Port
Business Developments & Projects

AD Ports hosts its first ship-to-ship LNG bunkering at Khalifa Port

Looking to accelerate the shift to alternative marine fuels, UAE-based port operator AD Ports Group has hosted its inaugural ship-to-ship LNG bunkering operation at its flagship deep-water Khalifa Port.

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

Hunt for partners coming soon as Brazilian oil project’s cost estimates reach up to $1.2B

Karoon Energy has set its cap on finding a partner ahead of making a final investment decision (FID) for an oil field discovery in the Santos Basin off the coast of Brazil. The firm is moving forward with the next stage of development, which includes the entry into the front-end engineering design (

about 1 year ago
The rigs developed in IMPACT will continue as part of the SWEET Lab at VGA’s facilities in Deruta, Italy. Image: VGA.
Business Developments & Projects

RISEnergy seeks projects slashing life cycle costs across renewable energy tech

RISEnergy has opened its second transnational access (TA) call for applications, inviting researchers from academia and industry to propose innovative solutions to improve energy systems or cut the life cycle costs of renewable energy technologies. The EU-funded call covers research in key areas, in

about 1 year ago
Fugro logo
Business Developments & Projects

Fugro realigns Americas ops amid offshore wind slowdown and market uncertainty

Dutch Fugro has realigned its operations in the Americas by reducing its workforce and scaling back operations due to expected lower revenues caused by a pause in new offshore wind projects. In the financial update for the first quarter of 2025, Fugro stated that rapidly increased geopolitical and e

about 1 year ago
Aramco keeps its energy and maritime bonds with UAE player going with new extension
Business Developments & Projects

Aramco keeps its energy and maritime bonds with UAE player going with new extension

UAE-based offshore fabrication contractor Lamprell has got a hold of an extension of its multi-year deal with Aramco, Saudi Arabia’s energy heavyweight.

about 1 year ago
Transocean Encourage rig; Source: Transocean
Business Developments & Projects

Transocean rig in the clear for drilling ops offshore Norway

Equinor has received the go-ahead from the country’s authorities to use one of Transocean’s semi-submersible rigs for drilling operations at a field off the coast of Norway.

about 1 year ago
Clean Industrial Deal
Business Developments & Projects

European Commission greenlights €400 million Spanish hydrogen scheme

The European Commission has approved a €400 million Spanish State aid scheme to support the production of renewable hydrogen through the European Hydrogen Bank’s ‘Auctions-as-a-Service’ tool for the auction closing in 2025.

about 1 year ago
Offshore surveys to start at UK's fifth subsea electricity superhighway
Business Developments & Projects

UK’s fifth subsea electricity superhighway in the making?

Offshore marine survey operations are scheduled to begin soon at what would be the UK’s fifth subsea electricity superhighway, connecting Scotland and England. Ireland-based XOCEAN is in charge of carrying out the marine survey works for the Eastern Green Link 5 (EGL5) project using seven remotely o

about 1 year ago
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