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Business Developments & Projects

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Cable installation on schedule at first US full-scale wave energy test site
Business Developments & Projects

Cable installation on schedule at first US full-scale wave energy test site

Cable installation for what is the first pre-permitted, utility-scale, grid-connected wave energy test site in the U.S. is scheduled to commence later this month. The cables will support Oregon State University’s PacWave South facility, which when completed will allow wave energy developers to test

about 2 years ago
Kuwait Oil Company (KOC)
Business Developments & Projects

‘Large’ oil & gas discovery springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has revealed a big oil and gas discovery at an offshore field east of Failaka Island, off the coast of Kuwait, fueling hopes of finding more hydrocarbons to boost the country’s resources.

about 2 years ago
First US commercial hydrogen-powered ferry ready to welcome passengers
Business Developments & Projects

First US commercial hydrogen-powered ferry ready to welcome passengers

MV Sea Change, the first hydrogen fuel cell-powered ferry in the United States, is set to begin service to the public on July 19, 2024.

about 2 years ago
US NREL: Offshore wind turbines offer path for clean hydrogen production
Business Developments & Projects

US NREL: Offshore wind turbines offer path for clean hydrogen production

Researchers at the U.S. National Renewable Energy Laboratory (NREL) have found that using electricity generated by offshore wind turbines to split water to produce clean hydrogen may make economic sense, particularly along the U.S. Atlantic Coast and in the Gulf of Mexico.

about 2 years ago
Gram Car Carriers
Business Developments & Projects

MSC acquires Gram Car Carriers, expanding reach in car transportation market

SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company — the world’s largest container shipping company, has taken a majority stake in Norwegian transportation company Gram Car Carriers (GCC).

about 2 years ago
Illustration; Source: Geo Oceans
Business Developments & Projects

Robotic cargo oil tank inspections on FPSO pioneered by Australian firm

Geo Oceans has completed what it says is the first cargo oil tank inspection using remote robotic technology only, without any manned entry.

about 2 years ago
Shell's field disappears from horizon with heaviest offshore lift ever performed
Business Developments & Projects

Shell’s field disappears from horizon with heaviest offshore lift ever performed

Allseas has completed the removal of the fourth and final platform from Shell’s Brent field in the UK’s North Sea as part of a decommissioning project that took over a decade to conclude. The Brent oil and gas field, located northeast of the Shetland Islands, was one of the largest fields in the Nor

about 2 years ago
Wales sees ‘significant slowdown’ in marine energy spending
Business Developments & Projects

Wales sees ‘significant slowdown’ in marine energy spending

Wales’ marine renewable energy sector delivered £29.9 million to the Welsh economy during the 2023 / 24 financial year, a significant slowdown in spending compared to last year’s total of £103.4 million, according to a report by Marine Energy Wales. The decline is thought to be down to the conclusio

about 2 years ago
Australian subsea services providers unite into one
Business Developments & Projects

Australian subsea services providers unite into one

Australian companies Geo Oceans, part of Vertech Group, and Blue Ocean Marine Services have merged, combining Geo Oceans’ small ROV, subsea inspection, and marine science technologies with Blue Ocean’s expertise in unmanned and remotely operated survey technologies. “We are excited about this merger

about 2 years ago
Cai Mep LNG Terminal; Source: Nebula Energy
Business Developments & Projects

Singaporean firm to import its ‘first spot LNG cargo’ to China

Dubai-headquartered AG&P LNG has signed an agreement with Singapore’s BK LNG Solution (BKLS) to import the latter’s spot LNG cargo to China.

about 2 years ago
Dynelectro secures €11 million for electrolyzer technology development
Business Developments & Projects

Dynelectro secures €11 million for electrolyzer technology development

Dynelectro has raised €11 million to develop and deploy its 1-MW dynamic electrolyzer unit (DEU) at European Energy’s Danish renewable energy facility.

about 2 years ago
Titan wraps up first-ever ship-to-ship LNG bunkering operation in Cuxhaven
Business Developments & Projects

Titan wraps up first-ever ship-to-ship LNG bunkering operation in Cuxhaven

Low and zero-emission fuels supplier Titan has completed what is said to be the first-ever LNG bunkering operation by ship in the port of Cuxhaven, Germany, marking another industry-first.

about 2 years ago
'World's largest FPSO unit' launches in China
Business Developments & Projects

Fore part of hull launches in China for ‘world’s largest FPSO unit’

Chinese state-owned engineering company ZPMC has launched the fore part of the hull for what it says is the world’s largest floating production storage and offloading (FPSO) unit, destined to work for Brazilian oil and gas company Petrobras. The fore part of the hull for the N1151 (P-82) FPSO exited

about 2 years ago
Subsea contract with BP takes Saipem to Azerbaijan
Business Developments & Projects

Subsea contract with BP takes Saipem to Azerbaijan

Italian oilfield services provider Saipem has signed a framework agreement with UK’s energy giant BP for the delivery of subsea services offshore Azerbaijan. The framework agreement, signed between BP Exploration (Caspian Sea) and a consortium composed of Saipem Contracting Netherlands, BOS Shelf an

about 2 years ago
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