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Business Developments & Projects

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FPSO Norne; Source: Equinor
Business Developments & Projects

Norway’s DNO building up oil & gas portfolio through new acquisitions and drilling ops

DNO has been stockpiling its oil and gas arsenal by pursuing acquisitions of offshore fields and searching for more hydrocarbons on the Norwegian Continental Shelf (NCS).

about 1 year ago
Carnegie's CETO wave energy converter
Business Developments & Projects

Lloyd’s Register to start certification process of Carnegie’s CETO wave energy converter

Marine classification society, Lloyd’s Register, has been contracted by Australian wave energy developer, Carnegie Clean Energy, to begin the certification process for CETO, a fully submerged point absorber wave energy converter (WEC). Lloyd’s Register will assess Carnegie’s CETO WEC according to IE

about 1 year ago
Institutes from Korea and Sweden ink maritime research collaboration deal
Business Developments & Projects

Institutes from Korea and Sweden ink maritime research collaboration deal

Korea Research Institute of Ships & Ocean Engineering (KRISO) and Research Institutes of Sweden (RISE) have signed a memorandum of understanding (MoU) on cooperation in the maritime research area.

about 1 year ago
CTV Skandi Hercules; Source: DOF
Business Developments & Projects

DOF lines up another assignment in Asia Pacific thanks to decom gig for 2010-built vessel

DOF Group has won a new subsea deal in the Asia Pacific (APAC) region for one of its multi-purpose subsea vessels with construction support vessel (CSV) features.

about 1 year ago
Compressed hydrogen is energy-efficient supply chain, Provaris’ study says
Business Developments & Projects

Compressed hydrogen is energy-efficient supply chain, Provaris’ study says

Provaris Energy has completed a concept design study that, according to the company, reaffirms the low energy use and low capital of its compressed hydrogen supply chain for regional marine transport of hydrogen in gaseous form.

about 1 year ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business Developments & Projects

Delay on the cards for first oil from flagship North Sea project, as operator puts the brakes on investment activity while uncertainty permeates UK’s fossil fuels arena

NEO Energy has decided to slow down investment plans across its portfolio. As a result, the start-up timeline for the firm’s oil redevelopment project in the North Sea may be postponed.

about 1 year ago
MOL’s LNG-powered car carrier obtains ‘world’s first’ notation for safe EV transportation
Business Developments & Projects

MOL’s LNG-powered car carrier obtains ‘world’s first’ notation for safe EV transportation

LNG-fueled car carrier Cerulean Ace operated by Japanese shipping major Mitsui O.S.K. Lines (MOL) has received Additional Fire-Fighting Measures for Vehicle Carrier (AFVC) certification from classification society ClassNK for its voluntary measures to prevent onboard fires during the transport of el

about 1 year ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business Developments & Projects

Eco Wave Power and Shell advance wave energy project at Port of Los Angeles

Eco Wave Power has received a green light from the Port of Los Angeles for the engineering plans of the wave energy project the company is developing in partnership with Shell International Exploration and Production, as well as for other documents submitted. The Port of Los Angeles and AltaSea at t

about 1 year ago
Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd taps Gasum for waste-based bio-LNG supply in line with ZEMBA tender

After winning the first tender by Zero Emission Maritime Buyers Alliance (ZEMBA), Germany’s container shipping major Hapag-Lloyd has selected Nordic energy company Gasum to deliver waste-based liquefied biomethane (bio-LNG) to its vessels during the two-year tender period. On April 16, 2024, ZEMBA,

about 1 year ago
Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne
Business Developments & Projects

Step forward taken to build ‘world’s largest’ multimillion-dollar HVDC subsea cable factory in UK

A new head of terms has been inked for an option on a lease at the Port of Tyne near Newcastle on the River Tyne in North East England to move forward with the development of what is envisioned to become the world’s largest HVDC subsea cable factory.

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

Yinson sheds one of five spin-offs to home in on FPSO and energy transition business arenas

Yinson, which currently invests in five business units, has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel services.

about 1 year ago
Illustration; Source: SSEN Transmission
Business Developments & Projects

Atlantic SuperConnection: Laying the FID groundwork for subsea interconnector to ply UK with geothermal and hydroelectric electricity while doling out wind power to Iceland

Plans have been set to put the required funding in place to take a final investment decision (FID) on a subsea interconnector project between the UK and Iceland.

about 1 year ago
Deep Blue pipelay vessel; Source: TechnipFMC
Business Developments & Projects

TechnipFMC: It’s a wrap on Guyana’s flagship $1.9 billion gas-to-energy project (Video)

TechnipFMC has put the finishing touches on its assignment at a gas-to-energy (GtE) project off Guyana’s Atlantic coast, which is envisioned to enable infrastructure buildout required to allow for natural gas to be transported from an oilfield in the waters of the prolific Stabroek Block to an integ

about 1 year ago
Illustration; Source: Velesto Energy
Business Developments & Projects

Velesto optimistic about jack-up market’s future, with ‘another excellent quarter’ in the bag

Malaysian rig owner Velesto Energy has reported solid financial results for the second quarter of 2024, which it attributes to higher utilization and average daily charter rates.

about 1 year ago
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