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Business Developments & Projects

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Business & FinanceInfrastructureOutlook & StrategyProject & TendersVesselsCollaborationEnvironmentGreen MarineInnovationTransitionVisionEquipmentExploration & ProductionPorts & LogisticsTechnologyRegulation & PolicyAuthorities & Government
Fully certified Reach Remote USV to inspect Gassco’s subsea pipelines
Business Developments & Projects

Fully certified Reach Remote USV to inspect Gassco’s subsea pipelines

Norway’s Reach Subsea has won a contract to perform an external inspection of a large part of the subsea pipeline portfolio of Norwegian state-owned gas grid operator Gassco, using its Reach Remote 1 uncrewed surface vessel (USV). Under the contract secured with Equinor on behalf of Gassco, Reach Su

about 5 months ago
First offshore vessel to operate on ammonia coming this autumn
Business Developments & Projects

First offshore vessel to operate on ammonia coming this autumn

Norwegian offshore vessel owner Eidesvik Offshore has tasked Halsnøy Dokk with the conversion of the platform supply vessel (PSV) Viking Energy to ammonia-powered operations. The conversion is planned to be completed in autumn, when the 95-meter-long vessel will continue operating for Equinor, with

about 5 months ago
Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO
Business Developments & Projects

Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO

Everllence, formerly MAN Energy Solutions, will deliver its electrically driven compressor technology to MODEC for a floating production, storage, and offloading (FPSO) vessel that will work at an oil project offshore Guyana operated by ExxonMobil. Everllence will deliver four barrel-type RB compres

about 5 months ago
AD Ports and Nimex break ground on LPG terminal hub at Khalifa Port
Business Developments & Projects

AD Ports and Nimex break ground on LPG terminal hub at Khalifa Port

UAE-based terminal operator AD Ports Group and Nimex Terminals, an affiliate of the global trading organization Nimex Petroleum Group, have broken ground on what is said to be the UAE’s first private-sector liquified petroleum gas (LPG) terminal hub, located at Khalifa Port. The LPG terminal hub, an

about 5 months ago
Hull of new Dutch multifunctional workboat soon to be launched
Business Developments & Projects

Hull of new Dutch multifunctional workboat soon to be launched

Dutch shipbuilder and designer Neptune Marine is set to soon launch the hull of an EuroCarrier it is building for Van Wijngaarden Marine Services, which will, among other things, be capable of performing survey and geotechnical services. The EuroCarrier 2712 – DP1 – TIER III, named Maasstroom, will

about 5 months ago
Ocean Sun's floating solar technology connected to offshore wind turbine in China (Courtesy of Ocean Sun)
Business Developments & Projects

Norway: €710k public funding aims to advance floating solar tech performance

Norway’s Ocean Sun has secured NOK 8 million (around €710,000) in public funding for a project that aims to strengthen the long-term performance and reliability of its floating solar technology. The public funding was awarded for the Enhanced Environmental Resilience for OS FPV System (EROS) researc

about 5 months ago
Deep Value Driller drillship; Source: Deep Value Driller
Business Developments & Projects

Saipem loses drillship deal to higher bidder

Norwegian drillship owner Deep Value Driller has decided to sell its seventh-generation drillship Deep Value Driller to Eldorado Drilling after having received a higher bid, cancelling the recently announced sale agreement with Italy’s engineering, drilling, and construction services giant Saipem. I

about 5 months ago
Illustration: Odfjell Technology
Business Developments & Projects

Odfjell Technology buying majority stake in lightweight intervention and P&A businesses

UK-headquartered Odfjell Technology, a spin-off of Odfjell Drilling, has entered into agreements to acquire a majority stake in two businesses supporting lightweight intervention and plug and abandonment (P&A). Odfjell Technology will acquire a 70% ownership stake in Kaseum Holdings Limited and Razo

about 5 months ago
‘World-first’ as ammonia-fuelled two-stroke engine passes quality assurance
Business Developments & Projects

‘World-first’ as ammonia-fuelled two-stroke engine passes quality assurance

Swiss marine power company WinGD has completed what it says is the world’s first type approval (TAT) and factory acceptance testing (FAT) for an ammonia-fuelled two-stroke marine engine. Both TAT and FAT programs were completed last month, with testing of the X52DF-A-1.0 engine carried out at the HD

about 5 months ago
Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy
Business Developments & Projects

Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy

A joint venture (JV) of Technip Energies, as the leader, Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC) has secured an engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the onshore LNG facilities of the North Field West (NFW) project,

about 5 months ago
Critical HV components under construction in Türkiye for second Malta-Italy link
Business Developments & Projects

Critical HV components under construction in Türkiye for second Malta-Italy link

The production of critical high-voltage (HV) components for the second electrical interconnector between Malta and Italy has commenced in Türkiye. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna substation at Ragusa, Sic

about 5 months ago
Worley hops on board Denmark’s national hydrogen transmission network
Business Developments & Projects

Worley hops on board Denmark’s national hydrogen transmission network

Australia’s engineering player Worley has secured an engineering, procurement and construction management (EPCM) services contract with Danish national transmission system operator (TSO) Energinet for the country’s national hydrogen transmission network that will link large-scale green hydrogen prod

about 5 months ago
Kosmos Energy completes sale of production assets in Equatorial Guinea to Panoro; Source: Kosmos Energy via LinkedIn
Business Developments & Projects

Panoro buying Kosmos Energy’s production assets off Equatorial Guinea for up to $219.5M

U.S.-headquartered oil and gas exploration and production company Kosmos Energy has agreed to sell its 40.375% non-operating working interest in production assets offshore Equatorial Guinea to UK-headquartered independent E&P company Panoro Energy for up to $219.5 million. Panoro Energy is set to ac

about 5 months ago
Kongsberg Maritime equipment ordered for South Korean cable laying vessel
Business Developments & Projects

Kongsberg Maritime equipment ordered for South Korean cable laying vessel

Norway’s Kongsberg Maritime has been appointed to deliver an integrated technology package for what is said to be South Korea’s first specialized HVDC installation vessel, being built in Türkiye. South Korean subsea cable installation company LS Marine Solution signed a contract with Türkiye’s Tersa

about 5 months ago
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