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Business Developments & Projects

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NAGA 7; Source: Velesto
Business Developments & Projects

Sunken rig’s wreck removal done as recycling ops near the finish line with Boskalis’ help

Velesto has confirmed the wrap-up of wreck clearance with recycling activities expected to follow suit shortly for one of its jack-up rigs that tilted due to an incident and subsequently sank in 2021.

about 1 year ago
US shipbuilder faces legal challenge over construction of first US subsea rock installation vessel
Business Developments & Projects

US shipbuilder faces legal challenge over construction of the states’ first subsea rock installation vessel

Philly Shipyard is facing legal hurdles as U.S. dredging services provider Great Lakes Dredge & Dock Company (GLDD) is seeking injunctive relief concerning the construction of what is said to be the first U.S. offshore wind subsea rock installation vessel (SRIV). GLDD ordered the vessel in 2021, wit

about 1 year ago
$60 million in contracts to keep Solstad vessels at work for 900 days
Business Developments & Projects

$60 million in contracts to keep Solstad vessels at work for 900 days

Norwegian shipping company Solstad Offshore has secured multiple new contracts and contract extensions that have a combined value of around $60 million and represent around 900 vessel days. The construction support vessel (CSV) Normand Valiant has been awarded a one-and-a-half-year firm contract wit

about 1 year ago
ZESTAs and TEEMO looking into development of hydrogen shipping fuel in Tanzania
Business Developments & Projects

ZESTAs and TEEMO looking into development of hydrogen shipping fuel in Tanzania

The Zero Emissions Ship Technology Association (ZESTAs) and Tanzania’s Environment and Empowerment Movement (TEEMO) have signed a memorandum of understanding (MoU) to collaborate on the development of green hydrogen shipping fuel and the associated capacity building in Tanzania.

about 1 year ago
High Island II jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Aramco hits pause button on ops of another Shelf Drilling jack-up rig

Shelf Drilling has confirmed the receipt of one more notice of temporary suspension of operations for another jack-up rig working off the coast of Saudi Arabia in the Middle East, as Aramco, the country’s energy giant, continues its rig suspension spree.

about 1 year ago
Hydrogen Europe and H2Chile strengthen hydrogen ties
Business Developments & Projects

Hydrogen Europe and H2Chile strengthen hydrogen ties

Hydrogen Europe and the Chilean Hydrogen Association (H2 Chile) agreed to collaborate on advancing hydrogen deployment and trade.

about 1 year ago
Newly developed ROV duo destined for Solstad vessels pass factory acceptance testing
Business Developments & Projects

Newly developed ROV duo destined for Solstad vessels passes factory acceptance testing

Norway’s Omega Subsea and Kystdesign have completed the factory acceptance test (FAT) for two newly developed remotely operated underwater vehicles (ROVs). The collaboration developed the Constructor Compact ROV, said to be a versatile, scaled-down version of Kystdesign’s Constructor model, retainin

about 1 year ago
Seabased has signed a memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park.
Business Developments & Projects

Grenada powers ahead with its first utility-scale wave energy park

Swedish wave energy company Seabased has signed a memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park. Unveiled on November 15 in Baku, the project will kick off with a 2 MW pilot phase, with plans to scale up to

about 1 year ago
Vertom orders four 10,700 dwt diesel-electric MPPs in pink color
Business Developments & Projects

Vertom orders four 10,700 dwt diesel-electric MPPs in pink color

Dutch short sea shipping company Vertom Group has placed an order for four 10,700 dwt geared multipurpose vessels at India’s Chowgule shipyard.

about 1 year ago
'World's largest utility company' enters Greek interconnector
Business Developments & Projects

‘World’s largest utility company’ enters Greece’s largest island interconnector

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has purchased a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), thereby entering what is

about 1 year ago
ExD 1000M semi-submersible drilling platform renderings; Source: DSOC
Business Developments & Projects

US firm and Chinese player pooling resources to bring new semi-submersible rig design to life

On a mission to breathe life into its new semi-submersible drilling rig design, Friede & Goldman (F&G) has joined forces with China’s Dalian Shipbuilding Offshore Co. (DSOC).

about 1 year ago
SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR
Business Developments & Projects

SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR

South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AiP) from the Liberian Registry and Korean Register (KR) for the basic design of its wing sail-equipped LNG carrier. The approval for the LNG carrier with the wing sail, an eco-friendly auxiliary propulsion s

about 1 year ago
Offsolar has finalized the construction of its 238 kWp floating solar platform for the CEFORE project in Malaysia
Business Developments & Projects

French firm finishes floating solar platform for Petronas’ project in Malaysia

French renewable energy firm Offsolar has finalized the construction of its 238 kWp floating solar platform for state-owned energy player Petronas’ Centre of Excellence for Offshore Renewable Energy (CEFORE) project in Malaysia, marking a step in offshore renewable energy development. According to O

about 1 year ago
McDermott lands FEED deal for $7.5 billion clean ammonia project in Louisiana
Business Developments & Projects

McDermott lands FEED deal for $7.5 billion clean ammonia project in Louisiana

Offshore engineering and construction player McDermott has secured the front-end engineering and design (FEED) contract for Ascension Clean Energy (ACE), a global-scale clean ammonia production and export project in Louisiana. Located in Ascension Parish, the project is jointly developed by energy c

about 1 year ago
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