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Business Developments & Projects

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Atlantic Zonda drillship; Source: Pelago Management
Business Developments & Projects

Brazil-bound seven-gen drillship all set for inaugural drilling job with Petrobras (Gallery)

With upgrades and sea trials now out of the way, a newbuild ultra-deepwater drillship is ready to embark on a voyage to Brazil, where it will begin its maiden offshore drilling assignment with the South American country’s energy giant Petrobras. Once Eldorado Drilling, an offshore drilling player ba

about 1 year ago
Cameron McNatt, Mocean Energy Managing Director and Davis Larssen, Proserv CEO.
Business Developments & Projects

Wave, solar, and battery tech intertwining for greener subsea ops as Mocean Energy joins forces with UK firm to fast-track offshore decarbonization

Scottish wave energy company Mocean Energy and Aberdeen-based controls specialist Proserv have signed a memorandum of understanding (MoU) to accelerate the shift to low-carbon solutions for underwater operations. The duo aims to replace traditional umbilical power cables with a renewable-powered al

about 1 year ago
A large vessel at sea
Business Developments & Projects

Norway tweaking 2025 national budget to fit Equinor offshore projects’ cost overruns

Norway’s Ministry of Energy has listed the status of 13 projects, either under development or recently completed, out of 19 operated by the Norwegian state-owned energy giant Equinor in the country’s proposed budget for next year.

about 1 year ago
Winners of EU’s pilot hydrogen auction sign grant agreements
Business Developments & Projects

Winners of EU’s pilot hydrogen auction sign grant agreements

Six out of seven projects, selected for EU financial support in the Innovation Fund’s pilot hydrogen auction (IF23 Auction), have signed their respective grant agreements. One project withdrew from the process.

about 1 year ago
Haiji-2 offshore China (for illustration purposes); Source: CNOOC
Business Developments & Projects

Oil flows from another offshore project in eastern Asia

China National Offshore Oil Corporation (CNOOC) has brought online an oilfield development project off the coast of China in eastern Asia on the western shore of the Pacific Ocean.

about 1 year ago
Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major
Business Developments & Projects

Avenir’s LNG bunker vessel to go on multi-year charter to Italian energy major

UK-based midstream LNG & BioLNG company Avenir LNG has signed a time charter party (TCP) with LNG Shipping, a subsidiary of Italian energy major Eni, for one of its LNG bunker vessels. Under the multi-year deal, Eni will charter the 7,500 cubic meter (cbm) LNG bunker vessel Avenir Aspiration, commen

about 1 year ago
NoviOcean power plant that combines wave, wind and solar energy.
Business Developments & Projects

NoviOcean sets sights on equity crowdfunding campaign

Swedish cleantech startup NoviOcean, formerly known as Novige, is gearing up to launch an equity crowdfunding campaign through R Europe, formerly Seedrs. This initiative will offer investors a chance to acquire equity in the company as it drives forward the commercialization of sustainable wave powe

about 1 year ago
Gasum partners with Wasaline to build commercial FuelEU Maritime pooling service
Business Developments & Projects

Gasum partners with Wasaline to build commercial FuelEU Maritime pooling service

Nordic energy company Gasum has joined forces with Finnish shipping company Wasaline to build the first large-scale commercial FuelEU Maritime pooling service, providing a way for conventional fuel vessels to save on compliance costs as the regulation enters into force in January 2025. Established t

about 1 year ago
Plug Power’s electrolyzer supply deal with AGA nears completion
Business Developments & Projects

Plug Power’s electrolyzer supply deal with AGA nears completion

Plug Power has signed a binding framework agreement with Allied Green Ammonia (AGA) to finalize a supply agreement for three gigawatts (GW) of electrolyzer capacity to AGA’s green hydrogen to ammonia plant in Australia.

about 1 year ago
AHTS Njord Viking; Source: Viking Supply Ships
Business Developments & Projects

Vessel quartet gearing up for $50 million crane upgrades to enhance subsea work

Viking Supply Ships will upgrade its fleet of ice-classed anchor handling tug supply (AHTS) vessels with the installation of four 100-ton heave-compensated offshore cranes.

about 1 year ago
A man with virtual-reality headset looking at a hologram depicting terrain with some data attached to it
Business Developments & Projects

Microsoft helping Enbridge harness power of AI to scale up assets and slash emissions

Canadian pipeline and energy company Enbridge has teamed up with Microsoft to employ artificial intelligence (AI) to maximize safety, reduce greenhouse gas (GHG) emissions, and enhance assets across its operations.

about 1 year ago
GTT receives stamps of approval for multifuel-ready technology and new LNG carrier design
Business Developments & Projects

GTT receives stamps of approval for multifuel-ready technology and new LNG carrier design

French technological containment specialist Gaztransport & Technigaz (GTT) has obtained five approvals in principle (AiPs) for advancements in its Mark III multifuel-ready membrane containment system and the new 200,000 cubic meter (cbm) LNG carrier concept. The approvals were issued by classificati

about 1 year ago
Eco Wave Power has signed an agreement with I-Ke International Ocean Energy for the first sale of its wave energy unit in Taiwan.
Business Developments & Projects

First onshore wave energy project in Asia eyes 400 MW of installed capacity

Eco Wave Power, a Nasdaq-listed wave energy company, has signed an agreement with I-Ke International Ocean Energy, a subsidiary of Lian Tat, for the first sale of its wave energy unit in Taiwan, which is expected to open the doors to the Asian market for the Middle East-headquartered player. I-Ke wi

about 1 year ago
Seaspan’s LNG bunker vessel Garibaldi to take first cargo in Vancouver
Business Developments & Projects

Seaspan’s LNG bunker vessel Garibaldi to take first cargo in Vancouver

Seaspan Energy’s first LNG bunkering vessel, the Seaspan Garibaldi (Nch’kay), is on its way to Vancouver, where it will take its first cargo and finalize commissioning.

about 1 year ago
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