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Business Developments & Projects

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Spanish subsea services provider enhances two vessels with upgrades
Business Developments & Projects

Two upgraded Spanish vessels back at work

Spanish maritime survey and ROV services operator ACSM has put its 25-year-old offshore support vessel (OSV) Nautilus back to service after a couple of months of upgrade work. The 73-meter-long vessel completed its upgrading phase at the shipyard Viana do Castelo in Spain, after which it spent a few

about 1 year ago
An offshore drilling rig
Business Developments & Projects

Equinor keeping Island Drilling, Archer, and Baker Hughes busy with multi-well P&A gigs

Norwegian state-owned energy giant Equinor has awarded compatriot Island Drilling with a well plugging contract on the fields it operates on the Norwegian continental shelf (NCS), while Archer and Baker Hughes Norge have won contracts for full-range delivery of plugging services.

about 1 year ago
‘World’s first’ commercial-use ammonia-fueled tugboat achieves 95% emission reduction
Business Developments & Projects

‘World’s first’ commercial-use ammonia-fueled tugboat achieves 95% emission reduction

Tugboat Sakigake, also known as the world’s first commercial-use ammonia-fueled vessel, has wrapped up its demonstration voyage, reaching a greenhouse gas (GHG) emission reduction of up to approximately 95%, the vessel’s operator NYK Line has reported.

about 1 year ago
With phase 1 fully booked, Northern Lights partners take €662M FID for second phase
Business Developments & Projects

With phase 1 fully booked, Northern Lights partners take €662M FID for project expansion

Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the namesake CO2 transport and storage development. This will increase the project’s transport and storage capacity from 1.5 million to over 5 million ton

about 1 year ago
OceanWings
Business Developments & Projects

OceanWings gets ClassNK AiP for its wind propulsion tech

Japanese classification society ClassNK has issued an approval in principle (AiP) for a rigid windsail type wind-assisted propulsion system (WAPS) developed by French designer and manufacturer OceanWings.

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

Perenco to acquire Woodside’s Trinidadian assets for $206 million

Australia’s energy giant Woodside Energy has signed an agreement with Anglo-French oil and gas player Perenco to divest its assets in Trinidad and Tobago.

about 1 year ago
Monjasa conducts Panama’s ‘first-ever’ biofuel bunkering operation
Business Developments & Projects

Monjasa conducts Panama’s ‘first-ever’ biofuel bunkering operation

Marine fuels supplier Monjasa has completed the first ISCC-certified biofuel supply operation in Panama, marking the establishment of a scalable 2nd generation marine biofuels supply chain.

about 1 year ago
New digital collaboration eyes end-to-end green supply chains
Business Developments & Projects

New digital collaboration eyes end-to-end green supply chains

With a focus on fostering greener supply chains, PSA International, DNV Singapore and Pacific International Lines (PIL) have signed a memorandum of understanding (MoU) to collaborate on carbon emission measurement, reporting and verification (MRV) and jointly develop sustainable solutions to advance

about 1 year ago
A floating storage and regasification unit
Business Developments & Projects

US LNG major buying compatriot’s Jamaican assets for $1.05B in pursuit of downstream growth

U.S. energy infrastructure player New Fortress Energy (NFE) has entered into a definitive agreement for the sale of its assets and operations in Jamaica to compatriot liquefied natural gas (LNG) player Excelerate Energy.

about 1 year ago
With new deals in place, CSA gearing up for electric supply boat trials
Business Developments & Projects

With new deals in place, CSA gearing up for electric supply boat trials

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has signed two letters of intent (LoIs) to deploy an e-supply boat on trial with shipping agencies and develop a marine charging infrastructure.

about 1 year ago
Odfjell Drilling exec trades CFO role for new position at the company
Business Developments & Projects

Odfjell Drilling exec trades CFO role for new position at the company

The Chief Financial Officer (CFO) of offshore drilling contractor Odfjell Drilling is slated to replace his CFO position with another finance-related role at the company.

about 1 year ago
NYK: LCO2 carrier and FLSU design secure ClassNK’s approval
Business Developments & Projects

NYK: LCO2 carrier and FLSU design secure ClassNK’s approval

Knutsen NYK Carbon Carriers (KNCC), a subsidiary of Japanese shipping company NYK and Norway’s vessel operator Knutsen Group, has received approval in principle (AiP) from classification society ClassNK for the design of liquefied CO2 carriers with elevated pressure cargo tanks (LCO2-EP) and a float

about 1 year ago
Ørsted Gippsland
Business Developments & Projects

Management plan approved for Ørsted’s Australian offshore wind farms

The feasibility stage management plan for Ørsted’s Gippsland offshore wind farms 1 and 2 has been approved by Australia’s Offshore Infrastructure Regulator (OIR). The management plan details how activities will be safely carried out in compliance with the Offshore Electricity Infrastructure Act (OEI

about 1 year ago
Danish wave energy technology company Exowave is entering a crucial phase in developing its wave energy technology. The power take-off (PTO) system is set for wet testing in the coming weeks.
Business Developments & Projects

Danish wave energy firm gears up for final PTO testing

Danish wave energy technology company Exowave is entering an important phase of developing its wave energy technology, as the power take-off (PTO) system is set for wet testing in the coming weeks. “We’re thrilled to share that the PTO assembly is progressing exceptionally well—faster than expected

about 1 year ago
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