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Business Developments & Projects

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MOL conducts biofuel bunkering on Capesize bulker for BHP
Business Developments & Projects

MOL conducts biofuel bunkering on Capesize bulker for BHP

Japanese shipping player Mitsui O.S.K. Lines (MOL) has completed biofuel bunkering on its Capesize bulk carrier, expecting about 750 tons of CO2 emission reduction.

about 1 year ago
CETO will be deployed at a site between SAITEC’s DemoSATHoffshore wind turbine (back left) and Tecnalia’s HarshLab (front right).
Business Developments & Projects

Carnegie Clean Energy locks in €600K contract for CETO wave tech deployment in Spain

Australia’s wave energy developer Carnegie Clean Energy has secured a contract with the Biscay Marine Energy Platform (BiMEP) to install and test its CETO wave energy technology in Spain. The agreement, signed by Carnegie’s subsidiaries CETO Wave Energy Ireland and Carnegie Technologies Spain, final

about 1 year ago
Offshore oil rigs in Southern California; Credit: Drew Bird Photography
Business Developments & Projects

Trump administration hit with lawsuit over oil platform trio’s restart off California

A new legal battle is on the U.S. energy horizon as part of an attempt to challenge and foil the allegedly outdated plans for three aging oil platforms off the coast of California.

about 1 year ago
PANYNJ
Business Developments & Projects

New York and New Jersey greenlight Maersk’s container terminal lease extension

The Port Authority of New York and New Jersey (PANYNJ) has decided to extend the lease of a container terminal operated by APM Terminals, a unit of Denmark-based shipping giant A.P. Moller-Maersk, a move that is expected to clear the path for “major” infrastructure investments. As divulged, the PANY

about 1 year ago
A rig offshore
Business Developments & Projects

Australia’s gas supply secure for next quarter amid industry commitments

The Australian Government has decided not to activate the mechanism to secure additional quantities of liquefied natural gas (LNG) for 3Q 2025 as it feels confident that the current volumes are sufficient to cover the forecasted demand.

about 1 year ago
MMMCZCS: Retrofit project preparing bulkers for methanol paves the way to greener shipping
Business Developments & Projects

MMMCZCS: Retrofit project preparing bulkers for methanol paves the way to greener shipping

The project for retrofitting conventionally-fueled Kamsarmax bulk carrier to dual-fuel methanol, co-led by MMMCZCS and Tsuneishi Shipbuilding, has received approval in principle (AiP), paving the way for green transition within the medium-size bulk carrier sector.

about 1 year ago
UK and Australia forge alliance to drive subsea growth in both hemispheres
Business Developments & Projects

UK and Australia forge alliance to drive subsea growth in both hemispheres

UK’s trade and development body for the underwater industry Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA), a membership organization of companies in the Australian subsea industry, have signed a memorandum of understanding (MoU) to foster innovation, collaboration and gr

about 1 year ago
Fincantieri
Business Developments & Projects

Fincantieri, Eni and RINA: New study dives into maritime’s future fuel mix

Italy’s energy company Eni, compatriot shipbuilder Fincantieri, and classification society RINA have unveiled a new study that aims to contribute to accelerating the decarbonization of the maritime transport sector, in line with the net zero target for 2050.

about 1 year ago
Gas terminal project; Source: Viva Energy
Business Developments & Projects

Australian firm seeks FSRU for proposed LNG terminal

Viva Energy has engaged the services of Poten & Partners to secure a floating storage and regasification unit (FSRU) for its proposed LNG terminal in Geelong, Australia.

about 1 year ago
ADCP deployment by ASL and Oceans North field team in Rigolet Narrows, Summer 2024
Business Developments & Projects

ASL wraps up initial tidal currents study in Rigolet, next phase underway

Canada’s ASL Environmental Sciences has completed the first phase of a tidal currents study in Rigolet, Newfoundland and Labrador, in collaboration with the Nunatsiavut Government and Oceans North. According to ASL, the research supports the Nunatsiavut Energy Security Plan, which aims to explore re

about 1 year ago
NYK bolsters LPG carrier business with new subsidiary up and running
Business Developments & Projects

NYK bolsters LPG carrier business with new subsidiary up and running

NYK Energy Ocean (NEO), a newly established subsidiary of Japanese shipping company NYK focused on operating LPG carriers, chemical and product tankers, and cargo ships, has officially commenced operations.

about 1 year ago
A large vessel at sea
Business Developments & Projects

BW Offshore’s arbitration saga with Brazilian firm ends in settlement

Norwegian FPSO operator BW Offshore has reached an arbitration settlement with Prio Comercializadora, previously known as Petro Rio O&G Exploração e Produção de Petróleo, concerning a floating production, storage, and offloading (FPSO) vessel.

about 1 year ago
Kraken wraps up $17 million purchase of US underwater LiDAR technology company
Business Developments & Projects

Kraken wraps up $17 million purchase of US underwater LiDAR technology company

Canada-headquartered marine technology player Kraken Robotics has completed the acquisition of 3D at Depth, a subsea technology and services company specializing in high-resolution LiDAR imaging and measurements. Kraken Robotics announced on March 13 that it had, through a subsidiary, signed a defin

about 1 year ago
Shelf Drilling Winner jack-up rig; Source: Shelf Drilling
Business Developments & Projects

TotalEnergies cuts short Shelf Drilling rig’s North Sea gig

TotalEnergies has decided to break off a deal for a drilling assignment, which a jack-up rig owned by Shelf Drilling, a UAE-headquartered offshore drilling contractor, is carrying out in the North Sea off the coast of Denmark.

about 1 year ago
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