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Business Developments & Projects

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Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds
Business Developments & Projects

Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds

Compared to a Newcastlemax bulk carrier powered by conventional very low sulfur fuel oil (VLSFO) and one powered by green ammonia, a nuclear-powered Newcastlemax bulk carrier could sail longer, faster, and cheaper, without producing greenhouse gas (GHG) emissions, a new study found. Amsterdam-based

about 1 year ago
FSRU Toscana returning to Livorno; Source: OLT Offshore LNG Toscana
Business Developments & Projects

With Italian FSRU en route to its post, tender goes up to secure LNG needed for cool-down and gas-up ops

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has kicked off the required procedure to bring its floating storage and regasification unit (FSRU) back online since maintenance activities have been wrapped up and the u

about 1 year ago
US underwater robot starts commercial ops at Gulf of Mexico field
Business Developments & Projects

US autonomous underwater robot starts commercial ops in Gulf of Mexico

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has commenced commercial operations of its flagship underwater vehicle Aquanaut Mark 2, following the completion of qualification testing. The Aquanaut deemed Vehicle 2 completed the qualification testing at a d

about 1 year ago
MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg
Business Developments & Projects

MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg

Electrolysis specialist Quest One, a subsidiary of MAN Energy Solutions (MAN ES), has opened a new “gigahub” for the serial and automated production of electrolysis stacks in Hamburg, Germany.

about 1 year ago
Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

UK study maps out complex tidal flows around ‘world’s most powerful tidal turbine’

A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida

about 1 year ago
Illustration; Source: ADNOC Drilling
Business Developments & Projects

$1.7 billion drilling campaign for 144 wells unleashing additional oil & gas before 2025 ends while hinting at more to come

Three player have given birth to the Turnwell joint venture, which is now in charge of handling an initial 144-well program, whose completion has been accelerated to unlock unconventional oil and gas resources from the wells by the fourth quarter of 2025 while giving out clues about the potential fo

about 1 year ago
NKT begins expansion of Danish power cable production
Business Developments & Projects

NKT begins expansion of Danish power cable factory

Denmark-headquartered power cable manufacturer and installation company NKT has begun construction to expand its cable factory in Asnaes to increase medium-voltage power cable production capacity to support growing demand across Europe. NKT held the groundbreaking ceremony for the expansion of the c

about 1 year ago
Yinson and Provaris to work on CO2 storage and marine transport solutions
Business Developments & Projects

Yinson and Provaris to work on CO2 storage and marine transport solutions

Australian company Provaris Energy has teamed up with Yinson Production, an independent owner and operator of floating, production, storage, and offloading (FPSO) vessels, to assess the viability of adapting Provaris’ proprietary tank design for compressed hydrogen to develop alternatives for bulk-s

about 1 year ago
FPSO Liza Unity; Source: SBM Offshore
Business Developments & Projects

Chevron’s $53 billion merger with Hess moves forward but not out of woods yet as arbitration keeps suspense alive

Chevron and its compatriot rival player, Hess Corporation, have managed to get the Federal Trade Commission (FTC) antitrust review out of the way.

about 1 year ago
NGO
Business Developments & Projects

New ship recycling project launched in Pakistan

A new project, aimed at enhancing safety and environmental responsibility in the ship recycling industry, while upholding global labor rights standards, has been launched in Pakistan.

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

Mammoth floating power plant calls at Spanish port

A vessel owned by Turkey’s floating power plant company Karpowership has made a planned seven-day stop to undergo a technical inspection in Las Palmas, Canary Islands while en route to the company’s shipyard.

about 1 year ago
Van Oord completes FSRU jetty at Wilhelmshaven in Germany; Source: Van Oord
Business Developments & Projects

Van Oord puts 600-meter-long FSRU jetty together for Germany’s LNG terminal

Van Oord has assembled a floating storage and regasification unit (FSRU) jetty at Wilhelmshaven, Germany for Deutsche Energy Terminal (DET), the German state-owned operator of four terminals.

about 1 year ago
Woodside completes acquisition of OCI’s clean ammonia project in Texas
Business Developments & Projects

Woodside completes acquisition of OCI’s clean ammonia project in Texas

Energy company Woodside has completed the acquisition of 100% of OCI’s 1.1 million metric tonnes clean ammonia project under construction in Beaumont, Texas, U.S.

about 1 year ago
Rovuma LNG project concept; Source: Eni
Business Developments & Projects

McDermott, Saipem, and CPECC pick up FEED job with ExxonMobil

A consortium, consisting of the U.S.-based McDermott, Italy’s Saipem, and China Petroleum Engineering and Construction Corporation (CPECC), has landed a front-end engineering design (FEED) contract for a proposed liquefied natural gas (LNG) project in the deepwater Area 4 block off the coast of Moza

about 1 year ago
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