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Business Developments & Projects

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An aerial view of a port terminal
Business Developments & Projects

Oil player books three tanks at Odfjell’s growing South Korean terminal

Odfjell Terminals Korea (OTK), a subsidiary of Norwegian shipping company Odfjell, has entered into a multi-year contract with South Korean oil refining and petrochemical company S-Oil for storage at its expanding Ulsan terminal.

about 1 year ago
Sandbank offshore wind farm. Source: Vattenfall
Business Developments & Projects

DEME to perform CPS stabilization work on Vattenfall’s two German offshore wind farms

Vattenfall has contracted DEME Offshore for cable protection system (CPS) stabilization work on the DanTysk and Sandbank offshore wind farms in Germany. The offshore wind farm owner/operator opened the tender for CPS stabilization work in June last year. According to a contract award notice publishe

about 1 year ago
Rendered image of WEC clusters co-located with floating offshore wind. Credit: Blackfish Engineering
Business Developments & Projects

Scotland introduces wave energy cluster concept to cut costs and boost efficiency

Wave Energy Scotland (WES) has unveiled a concept design for a multi-megawatt cluster of wave energy converters (WECs), aiming to improve efficiency and lower costs in offshore renewable energy. The design explores clustering multiple wave energy devices into a single moored and electrically connect

about 1 year ago
Whale in the U.S. Gulf of Mexico; Source: Shell
Business Developments & Projects

McDermott’s wind-up of ops on Shell’s oil project seen as a tribute to ‘ingenuity’

McDermott has crossed the finish line at a deepwater oil project in the U.S. Gulf of Mexico, recently renamed to the Gulf of America by the Trump administration.

about 1 year ago
CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard
Business Developments & Projects

CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard

CMA CGM is further expanding its LNG-fueled fleet with a new order worth nearly $2.6 billion for twelve dual-fuel LNG containerships to be built in China.

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

Norway sheds more light on recent gas/condensate discovery

After a new hydrocarbon discovery at a prospect off the coast of Norway, which was drilled with a semi-submersible rig owned by Odfjell Drilling, the Norwegian Offshore Directorate (NOD) has disclosed more information about the latest gas/condensate find in the Norwegian Sea.

about 1 year ago
Two contracts for huge Black Sea gas project reel in $10 million for Expro
Business Developments & Projects

Two contracts for huge Black Sea gas project reel in $10 million for Expro

U.S.-headquartered energy services provider Expro has secured two contracts with Southeastern Europe’s integrated energy player OMV Petrom worth over $10 million for what is said to be the largest natural gas project in the Romanian Black Sea. The contracts described as major involve Expro’s subsea

about 1 year ago
Several men standing inside of a large metal tank
Business Developments & Projects

GTT to design tanks for Asian shipowner’s LNG newbuild pair

An Asian shipyard has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas carriers (LNGCs) it is building for an Asian shipowner.

about 1 year ago
LR partners with Microsoft to use AI for advancing nuclear power in maritime
Business Developments & Projects

LR partners with Microsoft to use AI for advancing nuclear power in maritime

Classification society Lloyd’s Register (LR) has revealed plans to use generative artificial intelligence (AI) to accelerate the regulatory process for nuclear power in the maritime industry.

about 1 year ago
Koil Energy Solution's new technology center for manufacturing and service support in Macae, Brazil.
Business Developments & Projects

KOIL Energy and SubseaDesign form alliance for subsea field development

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, and Norwegian engineering company SubseaDesign AS have formed a strategic alliance to accelerate advancements in subsea technology. According to KOIL Energy Solutions, the partnership aims to en

about 1 year ago
MacGregor crane to be fitted onto China-built dive support vessel
Business Developments & Projects

MacGregor crane to be fitted onto China-built dive support vessel

MacGregor, part of Cargotec, has secured a contract for the delivery of a 100T AHC crane for a dive support vessel (DSV) being built in China. The crane delivery to the Guangzhou Salvage shipyard, for the vessel owned by Saudi Arabian Jana Marine Service Company (JMS), is scheduled in the second qua

about 1 year ago
An offshore platform
Business Developments & Projects

Colombia upping regasification ante to tackle looming gas shortage

Colombia’s state-owned oil and gas company Ecopetrol has handed out a contract to compatriot Puertos, Inversiones y Obras (PIO) to provide regasification services in the country’s Pacific Coast area.

about 1 year ago
FPSO Agogo; Source: Yinson Production
Business Developments & Projects

WATCH: Yinson Production’s FPSO equipped with carbon capture tech sets off on deepwater testing mission

Yinson Production has seen its floating production, storage, and offloading (FPSO) vessel off as it left a Chinese shipyard for deepwater testing before making its way to Angolan waters, where it will work for Azule Energy, a joint venture between BP and Eni.

about 1 year ago
Seaspan bunkers MOL-operated LNG-fueled car carrier in Vancouver
Business Developments & Projects

Seaspan bunkers MOL-operated LNG-fueled car carrier in Vancouver

Canada’s Seaspan Energy and Japan’s Mitsui O.S.K. Lines (MOL) have completed LNG bunkering of MOL-operated car carrier in Vancouver.

about 1 year ago
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