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Crestwing's Tordenskiold wave energy prototype operating offshore Denmark (Courtesy of Crestwing)
Business Developments & Projects

Danish wave energy device nears commercialization with new grant and govt support

Danish company Crestwing has secured funding from the Den Danske Maritime Fond to support the technical development of Tordenskiold, its wave energy device prototype.

about 2 years ago
ClassNK issues ‘world’s first’ AiP for oil tanker using liquefied hydrogen as a fuel
Business Developments & Projects

ClassNK issues ‘world’s first’ AiP for oil tanker using liquefied hydrogen as a fuel

ClassNK awarded AiP for a design concept of a hydrogen-fueled engine-compatible oil tanker with an electric propulsion system.

about 2 years ago
Illustration; Source: New Fortress Energy
Business Developments & Projects

US player puts LNG export facility in Florida up for sale to chip away at its debt tab

New Fortress Energy has struck a deal with an undisclosed middle-market infrastructure fund to unload its LNG facility in Miami.

about 2 years ago
Norway's seismic firms PGS and TGS officially become one
Business Developments & Projects

Norway’s seismic firms PGS and TGS officially become one

Norway-headquartered seismic companies PGS and TGS have formally completed their merger, following the final regulatory approval obtained some twenty days ago. Back in September 2023, TGS and PGS announced their agreement on principal terms to combine their two firms and create a strong full-service

about 2 years ago
Consort Bunkers and partners agree to speed up alternative fuel bunkering
Business Developments & Projects

Consort Bunkers and partners agree to speed up alternative fuel bunkering

Consort Bunkers, ClassNK, YanmarCorporation, and Taiko Asia Pacific will work on introducing alternative fuel bunkering ships.

about 2 years ago
FPSO Cidade de Santos; Source: Enauta
Business Developments & Projects

Brazilian oil & gas firm pulls the plug on FPSO acquisition from MODEC

Enauta has brought its purchase of a floating production, storage, and offloading (FPSO) unit from MODEC to an untimely end.

about 2 years ago
Blackford Dolphin rig; Source: Dolphin Drilling
Business Developments & Projects

Dolphin Drilling rig to sling its hook and peel out of Nigeria on its way to Indian gig

Dolphin Drilling has confirmed that its rig has cast off and is making a beeline for Indian waters, where it will embark on its new assignment.

about 2 years ago
Maritime Partners acquires provider of clean energy technologies e1 Marine
Business Developments & Projects

Maritime Partners acquires provider of clean energy technologies e1 Marine

Maritime Partners has completed the acquisition of e1 Marine, a provider of clean energy technologies, including methanol-to-hydrogen generation products, which are said to provide an alternative, cleaner fuel source for marine vessels.

about 2 years ago
Deepwater Aquila drillship; Source: Transocean
Business Developments & Projects

Transocean drillship embarks on maiden gig with Petrobras in Brazil

Transocean’s newbuild ultra-deepwater drillship has set the ball rolling on its inaugural drilling assignment with Petrobras in Brazil.

about 2 years ago
A photo of Jan De Nul's cable laying vessel at Formosa 2 site in Taiwan
Business Developments & Projects

Jan De Nul selected for export cable installation offshore Taiwan

Jan De Nul Group has signed a preferred supplier agreement with Copenhagen Infrastructure Partners (CIP) for the installation of high-voltage export cables that will bring renewable energy generated at the Fengmiao 1 offshore wind farm ashore. Jan De Nul will connect the offshore substation of the F

about 2 years ago
FSU Njord Bravo, Source: Equinor
Business Developments & Projects

Two oil & gas firms handpick Norwegian player for rig and FSU work

Soiltech has won two contracts for the treatment of contaminated water, one with Equinor, and the other with Petrogas E&P Netherlands.

about 2 years ago
DEME to expand green hydrogen portfolio with new production facility in Egypt
Business Developments & Projects

DEME to expand green hydrogen portfolio with new production facility in Egypt

Belgium-based offshore energy and dredging contractor DEME has inked a cooperation agreement with the Egyptian government to establish an industrial-scale green hydrogen production facility in the Port of Gargoub in Egypt’s western desert.

about 2 years ago
Aether Fuels secures $34 million to boost development of sustainable fuels
Business Developments & Projects

Aether Fuels secures $34 million to boost development of sustainable fuels

Aether Fuels has secured $34 million in Series A financing from a syndicate of global investors, with the aim to, among other things, accelerate the scale-up of Aether Aurora, the company’s proprietary technology to create sustainable fuels for the aviation and ocean shipping industries.

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business Developments & Projects

Oil & gas exploration hit and miss in Barents Sea as Norwegian shelf continues its development

Aker BP and Equinor have completed drilling operations in the Barents Sea, which was recently expanded with new acreage in APA 2024.

about 2 years ago
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