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Business Developments & Projects

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Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business Developments & Projects

Marine energy and offshore wind projects get $18M boost from US

The U.S. Department of Energy (DOE) has allocated over $18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the U.S. DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving in

about 1 year ago
GSL
Business Developments & Projects

Global Ship Lease to purchase four Post-Panamax ECO boxships for $274 million

London-based containership owner Global Ship Lease (GSL) has penned a deal to purchase four high-reefer ECO 9,115 TEU containerships for an aggregate purchase price of $274 million. According to London-based data provider VesselsValue, the boxships were built by the Philippines-based Hanjin Subic sh

about 1 year ago
Danish HØST PtX Esbjerg project gains ground
Business Developments & Projects

Danish HØST PtX Esbjerg project gains ground

The Danish Environmental Agency has granted the HØST PtX Esbjerg project the primary environmental approvals – EIA approval of the project and environmental approval of the facility, marking a milestone in the project’s development.

about 1 year ago
AKOFS Seafarer; Source: AKOFS Offshore
Business Developments & Projects

$300M extension keeps AKOFS vessel busy offshore Norway

Equinor has prolonged a well intervention assignment for one of Oslo-headquartered AKOFS Offshore’s vessels on the Norwegian Continental Shelf (NCS).

about 1 year ago
A woman and a man standing and holding files with ADNOC's logo on them
Business Developments & Projects

ADNOC and Petronas firm up deal for 15 years’ worth of LNG from Ruwais

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Malaysia’s state-owned energy player Petronas for the supply of liquefied natural gas (LNG) from the Ruwais LNG plant.

about 1 year ago
Keel laid for fourth Northern Lights LNG dual-fuel LCO2 tanker
Business Developments & Projects

Keel laid for fourth Northern Lights LNG dual-fuel LCO2 tanker

German shipowner Bernhard Schulte has marked a keel laying milestone in the construction of its first LNG dual-fuel liquid CO2 (LCO2) tanker at Dalian Shipbuilding & Offshore Company (DSOC) in China.

about 1 year ago
(left to right – standing): Bernardo Xavier, operations director, Proper Marine; Guilherme Leal, engineering director, Proper Marine; (sitting) Hugo Jordao, finance & business development director, Pr
Business Developments & Projects

ABL Group to acquire Brazilian engineering firm to advance its capabilities

Norway’s ABL Group has entered into an agreement to acquire Proper Marine, a Brazilian naval architecture and engineering consultancy, with the aim of bolstering its design and engineering capabilities. According to ABL Group, the acquired company will integrate with the Norwegian company’s existin

about 1 year ago
HIF Global
Business Developments & Projects

HIF Global becomes Methanol Institute’s newest member

Trade association Methanol Institute (MI) has welcomed e-fuels company HIF Global as its newest member.

about 1 year ago
Deepsea Bollsta rig; Source: Northern Ocean
Business Developments & Projects

Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins

Northern Ocean (NOL) has confirmed a short-term assignment with an undisclosed operator on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently under contract in Africa.

about 1 year ago
Petrobras and Ecopetrol confirm Colombia's most significant gas discovery ever by drilling the Sirius-2 well with Noble Corporation's Noble Discoverer semi-submersible rig; Source: Petrobras
Business Developments & Projects

‘Most significant gas discovery’ offshore Colombia puts $4.1 billion on the investment horizon

Petrobras and its partner, Ecopetrol, have confirmed a giant natural gas discovery off the coast of Colombia.

about 1 year ago
Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration
Business Developments & Projects

Liquid Wind eyes expansion of e-fuel plants beyond Europe with new collaboration

Liquid Wind signed a collaboration agreement with SAMSUNG E&A to accelerate the development of e-fuel projects beyond Europe, in Asia, Africa, and the Middle East.

about 1 year ago
WinGD
Business Developments & Projects

‘Major shipowner’ goes on 16-engine spree for its LNG carrier octet

Swiss marine power company WinGD has received an order for 16 X-DF dual-fuel engines that are set to power eight liquefied natural gas (LNG) carriers following a late-stage change of heart by what the firm says is a “major shipowner.”

about 1 year ago
MPA Singapore
Business Developments & Projects

MPA Singapore and MISC to support digital transformation in maritime industry

The Maritime and Port Authority of Singapore (MPA) and Malaysia’s energy-related maritime services provider MISC Berhad (MISC) have formed a partnership to work on innovation, research and development as well as test-bedding activities to “advance” digital transformation in the maritime industry. As

about 1 year ago
Global OTEC has launched its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology.
Business Developments & Projects

Fugro gets work on floating platform for project harnessing ocean energy

Dutch geo-data specialist Fugro has secured a role in the EU-backed PLOTEC project, providing sensor technology to support the advancement of ocean thermal energy conversion (OTEC) technology in storm-prone regions. According to Fugro, the sensors will track platform movement and hull response to wa

about 1 year ago
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