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Business Developments & Projects

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FPSO Jotun; Source: Vår Energi
Business Developments & Projects

Green light for Vår Energi to use FPSO destined for North Sea oil project

Norwegian offshore safety regulator has given Vår Energi consent to take advantage of living quarters, helicopter decks, and cranes on a floating production, storage, and offloading (FPSO) vessel revamped for deployment at a field in the North Sea off the coast of Norway.

about 1 year ago
UK subsea robotics pioneer buys first ROV to combine with its all-electric uncrewed system
Business Developments & Projects

UK subsea robotics pioneer buys first ROV to combine with its all-electric uncrewed submersible

UK remote robotics company HonuWorx has acquired its first remotely operated vehicle (ROV), manufactured by Rovtech Solutions, which will be a key component of a subsea robotics deployment platform that aims to remove the need for surface vessels. By removing the need for surface ships, the Loggerhe

about 1 year ago
PowerCell
Business Developments & Projects

PowerCell to provide methanol-to-power technology to mystery European shipyard

Swedish hydrogen fuel cell provider PowerCell has received an order for its M2Power 250 system from an undisclosed European shipyard.

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business Developments & Projects

Equinor all set for North Sea oil & gas exploration ops with Odfjell Drilling rig

Equinor has received the go-ahead from the country’s authorities to use one of Odfjell Drilling’s semi-submersible rigs for drilling operations at a block in the North Sea off the coast of Norway.

about 1 year ago
carbon capture
Business Developments & Projects

Decarbonizing vessels that cannot yet switch to green fuels: Carbon capture first for MOL LR1 tanker

Dutch cleantech company Value Maritime (VM) has installed its exhaust gas cleaning system (EGCS) and carbon capture unit aboard Nexus Victoria, an LR1 product tanker owned by Japanese shipping major Mitsui O.S.K. Lines (MOL).

about 1 year ago
Singapore’s first maritime digital twin launched
Business Developments & Projects

Singapore’s first maritime digital twin launched

The Maritime and Port Authority of Singapore (MPA), in partnership with the Government Technology Agency of Singapore (GovTech), has developed Singapore’s first Maritime Digital Twin.

about 1 year ago
Sea Lion FPSO and Phase 1 & 2 development layout; Source: Navitas
Business Developments & Projects

Falkland Islands’ $1.4. billion oil project remains on track for FID in mid-2025

Israel’s Navitas Petroleum is still anticipating a final investment decision (FID) for Phase 1 of its giant oil project in the North Falkland Basin (NFB) mid-year.

about 1 year ago
MOPU Tchatamba-A and FSO Madiela at the Tchatamba Marine-1 field approximately 100 miles southwest of Port Gentil in the Gulf of Guinea; Source: MODEC
Business Developments & Projects

Tullow Oil parting ways with oil assets in Gabon for $300 million

Tullow Oil, an independent energy company with operations in West Africa, has inked binding heads of terms agreement for a $300 million net of tax sale of Gabon assets to Gabon Oil Company.

about 1 year ago
Safe Caledonia; Credit: Prosafe
Business Developments & Projects

Busy times ahead for Prosafe with one vessel ongoing reactivation as another preps for relocation

Prosafe has shed more light on the recent activities of its fleet, confirming the sale of one vessel, the start of reactivation operations for another, and preparations for the move to Australia for the third while the rest of its ships keep working on their current assignments and one continues to

about 1 year ago
Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE
Business Developments & Projects

ORPC files draft license for Alaska tidal energy project

U.S.-based Ocean Renewable Power Company (ORPC) has submitted a draft pilot license application to the Federal Energy Regulatory Commission (FERC) for its East Foreland Tidal Energy Project in Cook Inlet, Alaska. The site has been identified as having the highest tidal energy potential in the U.S. B

about 1 year ago
Fugro's survey vessel runs aground in Italy
Business Developments & Projects

Fugro’s survey vessel runs aground in Italy amidst deteriorating weather

A 42-meter-long geophysical survey vessel owned by Dutch Fugro ran aground in Italy two days ago while performing survey work. Fugro announced that its geophysical survey vessel Fugro Mercator had run aground on March 22 on the north coast of Elba, Italy, when it went looking for shelter due to dete

about 1 year ago
Terntank’s wind/methanol-ready hybrid tanker duo named in China
Business Developments & Projects

Terntank’s wind/methanol-ready hybrid tanker duo named in China

Swedish shipping company Terntank has named the first two wind/methanol-ready tankers in its Hybrid Solution Plus series.

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

Shell’s deepwater project offshore Brazil is a go with first Gato do Mato gas due in 2029

Shell has taken a final investment decision (FID) for its deepwater development project in the pre-salt area of the Santos Basin off the coast of Brazil.

about 1 year ago
Shah Deniz Alpha platform; Source: BP
Business Developments & Projects

BP rakes in $1 billion from sale of partial stake in pipeline carrying gas from field off Azerbaijan

BP has struck a deal with Apollo-managed funds to divest a minor non-controlling stake in BP Pipelines (TANAP), the firm’s subsidiary that holds its 12% interest in owner and operator of the pipeline that carries natural gas from a giant offshore field in Azerbaijan across Türkiye.

about 1 year ago
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