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Business Developments & Projects

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Two new subsea contracts lift DOF's Asia-Pacific backlog to over $30 million
Business Developments & Projects

Two new subsea contracts lift DOF’s Asia-Pacific backlog to over $30 million

Norwegian vessel owner DOF Group has received more work in the Asia-Pacific (APAC) region set to be performed this year, adding to a number of recently announced awards. The diving support vessel (DSV) Skandi Singapore will execute the first subsea service contract with related saturation diving ser

about 1 year ago
Leucipa offshore rig connection; Source: Baker Hughes
Business Developments & Projects

Baker Hughes’ automated solution makes its first foray into Sub-Saharan Africa to optimize oil & gas production

Baker Hughes has received a new order to deploy its integrated digital production optimization solution for offshore operations in Nigeria, which marks the first adoption of its system in Sub-Saharan Africa.

about 1 year ago
NCLH firms up order for ‘largest-ever’ cruise ships at Fincantieri
Business Developments & Projects

NCLH firms up order for ‘largest-ever’ cruise ships at Fincantieri

Cruise company Norwegian Cruise Line Holdings (NCLH) has confirmed an order for four new cruise ships with sustainability features to be constructed by Italian shipbuilder Fincantieri.

about 1 year ago
Alfa Laval
Business Developments & Projects

Alfa Laval acquires NRG Marine to tap potential of ultrasonic anti-fouling tech

Swedish marine technology company Alfa Laval has signed an agreement to acquire NRG Marine, the UK-based provider of ultrasonic anti-fouling solutions for marine, oil and gas, and industrial applications.

about 1 year ago
Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Business Developments & Projects

Eco Wave Power to secure first Indian wave energy deal

Wave energy developer Eco Wave Power has unveiled that it will sign a collaboration agreement with a Fortune 500 Indian company for the first wave energy pilot project in Maharashtra, India. Alongside the agreement, the company will showcase its wave energy generation model in New Delhi, demonstrat

about 1 year ago
NAGA 8 rig; Source: Velesto
Business Developments & Projects

Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era

Technological advancement, supportive policy regulations, and integration of greener and cleaner power innovations are a bedrock of an equitable energy transition age for Malaysia’s Velesto Energy, which has set its cap on growth and expansion by dipping its toes into robotics and eyeing potential d

21 minutes read
Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships

German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 liquefied natural gas (LNG) dual-fuel boxships that the company booked in October 2024 at two Chinese shipyards. As explained, the green financing comprises four elements. The German container shipping

about 1 year ago
Pacific Scirocco drillship; Source: Noble
Business Developments & Projects

Noble pulling cold-stacked drillship duo from drilling duty for good

Noble Corporation has outlined plans to permanently put out of drilling work two cold-stacked drillships, as part of its cost and fleet optimization quest.

about 1 year ago
India
Business Developments & Projects

India aims to spend up to $3B to boost domestic maritime sector

India has unveiled its intention to set up an INR 250 billion (about $2.9 billion) maritime development fund (MDF) to grow the national ship fleet and support the domestic shipbuilding and repair sector.

about 1 year ago
CAPITAL expands fleet with two LNG-ready tankers
Business Developments & Projects

CAPITAL expands fleet with two LNG-ready tankers

Greece’s Capital Ship Management Corp (CAPITAL) has expanded its fleet with two new LNG-ready eco-type crude oil/product carriers.

about 1 year ago
LoqTech
Business Developments & Projects

WinGD’s on-engine NOx abatement solution set for market debut

The on-engine NOx reduction solution for marine two-stroke engines, designed by Swiss marine power company WinGD, has received type approval and is set for first-time deployment on commercial engines.

about 1 year ago
Shell's FPSO Penguins; Source: Sevan
Business Developments & Projects

Shell’s new North Sea FPSO brings UK’s oil & gas field back online

Shell has put into operation mode its first new FPSO in the North Sea after more than two decades have gone by since its previous one.

about 1 year ago
LNG carrier (for illustration purposes); Source: GTT
Business Developments & Projects

Samsung Heavy Industries gives tank design job to French firm for new LNG vessel

Gaztransport & Technigaz (GTT) has expanded its workload with a new tank design assignment for a liquefied natural gas (LNG) carrier, thanks to a deal with South Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
Projects exploring ammonia bunkering in Norway receive Enova funding boost
Business Developments & Projects

Projects exploring ammonia bunkering in Norway receive Enova funding boost

Norwegian government enterprise Enova has picked 15 projects investigating investments in ammonia bunkering facilities along the Norwegian coast to receive pre-project support.

about 1 year ago
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