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Business Developments & Projects

Green tech companies partner on barge-based emission capture and control project

Provider of clean energy technologies e1 Marine and maritime emissions capture and control company STAX Engineering have entered into a partnership to advance emissions capture and control technology for ocean-going vessels.

about 1 year ago
'Largest ever' vessel-based UK North Sea decommissioning campaign wraps up, Mermaid Subsea reports
Business Developments & Projects

‘Largest ever’ vessel-based UK North Sea decommissioning campaign wraps up, Mermaid Subsea reports

Mermaid Subsea Services (UK) has performed what it says is the largest vessel-based UK North Sea decommissioning campaign ever. The project included the plugging and abandonment (P&A) of 21 wells spread across the Northern and Central North Sea over a duration of two years, carried out on behalf of

about 1 year ago
Tyra II; Source: TotalEnergies
Business Developments & Projects

TotalEnergies’ North Sea mega gas project at full tilt after overcoming obstacles

TotalEnergies has tucked a new milestone under its belt by reaching full technical capacity at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago
Core Power
Business Developments & Projects

Nuclear-derived e-fuels could shape the future of sustainable shipping

The maritime industry’s transition to net-zero emissions will require more than alternative fuels—it demands a rethinking of the energy systems that support fuel production, a new white paper stressed.

about 1 year ago
ESB looking into hydrogen exports from Ireland to Germany
Business Developments & Projects

ESB looking into hydrogen exports from Ireland to Germany

Irish energy and utility company ESB is set to lead a study that will evaluate the production of green hydrogen and its derivatives in Ireland and the potential transportation pathways to export any excess to Germany.

about 1 year ago
Rendering of processing plants onshore with an LNG vessel in the background
Business Developments & Projects

ADNOC ceding stake in huge LNG project to subsidiary for $5 billion

(ADNOC) intends to transfer its entire stake in the low-carbon Ruwais liquefied natural gas (LNG) project, currently under development in the United Arab Emirates (UAE), to its affiliate ADNOC Gas.

about 1 year ago
BAR Technologies taps WindWaves to manufacture new 20-24m WindWings
Business Developments & Projects

BAR Technologies taps WindWaves to manufacture new 20-24m WindWings

Wind propulsion developer BAR Technologies (BAR) and WindWaves, Nervion Naval Offshore (Nervion), have expanded their partnership with a new agreement for manufacturing BAR’s new 20 and 24-meter WindWings. The deal will see the offshore wind platforms pioneer WindWaves manufacture, sell, and deliver

about 1 year ago
Vali jack-up rig; Source: Crystal Offshore
Business Developments & Projects

Borr Drilling’s newbuild jack-up rig done with prep for its maiden assignment in Africa

Borr Drilling has ticked all the items on the list it made to prepare its recently delivered jack-up rig for its inaugural drilling activities off the coast of Africa.

about 1 year ago
MMA Orsted
Business Developments & Projects

Ørsted awards MMA Offshore wind survey contract in Australia

Ørsted has awarded MMA Offshore an offshore wind site survey contract off the coast of Australia. On behalf of its client, Ørsted, the scope is said to be one of the first reconnaissance site surveys taking place in the Gippsland offshore wind zone since the award of feasibility licenses. The compan

about 1 year ago
Two large vessels at sea with four smaller ones on the side
Business Developments & Projects

Investors take US FLNG operator to court over ‘artificially inflated’ stock prices

Multiple parties have filed a federal securities class action against New Fortress Energy (NFE), a U.S. energy infrastructure player, that operates a floating liquefied natural gas (FLNG) facility off the coast of Altamira, Mexico, for damages caused by a drop in stock prices.

about 1 year ago
SAFEEN Group’s electric tug wins Guinness World Records title
Business Developments & Projects

SAFEEN Group’s electric tug wins Guinness World Records title

SAFEEN Group, a maritime services provider and part of the UAE-based AD Ports Group, in collaboration with Dutch major Damen Shipyards, has achieved a Guinness World Records title for the most powerful electric tugboat.

about 1 year ago
Axial Skelter made by Spiralis Energy, a tidal energy generator
Business Developments & Projects

UK gas producer invests in tidal power with stake in Spiralis Energy

UK gas producer Kistos Holdings has taken a stake in Spiralis Energy, a compatriot tidal power company, as part of its sustainability drive to support next-generation renewable technologies. According to Kistos Holdings, the company’s investment supports Spiralis Energy’s Axial Skelter tidal power s

about 1 year ago
VARD-built cable layer destined for Danish subsea specialist prepping for sea trials
Business Developments & Projects

VARD-built cable layer destined for Danish subsea specialist prepping for sea trials

Denmark’s subsea specialist NCT Offshore is planning to carry out sea trials for its new cable-laying vessel (CLV) constructed by Norway’s ship designer and shipbuilder VARD later this month. NCT placed the order for the 95-meter-long CLV Freja with VARD in early 2023, with Vard Design in Ålesund, N

about 1 year ago
shipbuilding
Business Developments & Projects

South Korean shipyard bags $370 million contract to build 4 LNG bunker vessels

South Korean shipbuilder HD Hyundai Mipo has secured a new order worth KRW 514.8 billion (around $370 million) for the construction of four LNG bunkering vessels. The shipbuilding contract was revealed in HD Hyundai Mipo’s stock exchange filing on November 7, 2024. The deal includes the construction

about 1 year ago
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