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Business Developments & Projects

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World’s first ammonia-powered PCTCs get financial boost
Business Developments & Projects

World’s first ammonia-powered PCTCs get financial boost

Norwegian RoRo shipping company Höegh Autoliners has been granted substantial million-dollar funding from local government enterprise responsible for the promotion of environmentally friendly production Enova for the construction of the world’s first ammonia-powered PCTCs.

about 2 years ago
Hydrogen-powered inland containership H2 Barge 2 wraps up its first trials
Business Developments & Projects

Hydrogen-powered inland containership H2 Barge 2 wraps up its first trials

H2 Barge 2, a second inland containership converted to run on hydrogen by Dutch shipbuilder Holland Shipyards Group for compatriot shipowner Future Proof Shipping (FPS), has completed its first trials. Holland Shipyards Group shared the milestone via social media on March 5, saying that the coming d

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business Developments & Projects

Enauta on track to achieve first oil from Brazil-bound FPSO this year

Enauta is making progress in putting all the puzzle pieces together to bring an FPSO, destined to work at its field off Brazil, online later this year.

about 2 years ago
Drawing of the OceanSTAR FSO-01 design; Courtesy OceanStar
Business Developments & Projects

Newbuild FSO design wins thumbs-up from ABS

OceanStar has received a blessing from ABS in the form of a recent approval in principle (AIP) for its newbuild FSO design.

about 2 years ago
QuarterNorth Energy
Business Developments & Projects

US firm enriches its Gulf of Mexico arsenal with mostly deepwater oil assets

Talos Energy has wrapped up the acquisition of QuarterNorth Energy, expanding its deepwater portfolio in the U.S. Gulf of Mexico.

about 2 years ago
Engineering and environmental studies launched for EU’s first hydrogen corridor
Business Developments & Projects

Engineering and environmental studies launched for EU’s first hydrogen corridor

The European first major hydrogen corridor, the so-called H2Med project comprised of hydrogen interconnection between Portugal and Spain and a subsea pipeline connecting Spain and France (BarMar), is entering the next phase of its development with contracts for preliminary engineering and environmen

about 2 years ago
JAPEX partners with Invest Alberta to pursue CCS and hydrogen/ammonia projects in Canada
Business Developments & Projects

JAPEX partners with Invest Alberta to pursue CCS and hydrogen/ammonia projects in Canada

Japan Petroleum Exploration (JAPEX) and Invest Alberta Corporation (IAC), an investment attraction agency established by the government of Alberta, Canada, have formed a partnership seeking to develop projects in carbon capture and storage (CCS), carbon capture, utilization and storage (CCUS), bioen

about 2 years ago
Renewables for Subsea Power
Business Developments & Projects

Wave power for subsea equipment project finishes 12-month-long test program

Renewables for Subsea Power (RSP) project which has combined wave power with subsea energy storage to power subsea equipment has completed a 12-month test program at sea, aiming to reach the finish line this spring. This £2 million (approximately $2,5 million) project connected the Blue X wave ener

about 2 years ago
Echo Surveyor 8; Source: Fugro
Business Developments & Projects

Fugro lands work on Inpex’s LNG project

Inpex Masela has awarded Fugro a significant marine survey contract for a liquefied natural gas (LNG) project in Indonesia.

about 2 years ago
Swedish company CorPower Ocean and Norway-based OPS Solutions have developed a pre-tension cylinder (PTC) prototype, marking a step toward reducing the cost and mass of wave energy converters (WECs).
Business Developments & Projects

UK needs 27 GW of wave energy to reach cost-effective net-zero energy system, report says

To deliver a cost-effective net-zero energy system and with electricity consumption potentially trebling by 2050, the UK should seek to harness 27 GW of wave energy, according to research by Finland’s LUT University. LUT University investigated a series of potential scenarios for the UK and Ireland

about 2 years ago
Fugro Lithuania Ignitis Renewables
Business Developments & Projects

Fugro’s LiDAR buoy deployed offshore Lithuania for 700 MW wind project

Fugro has deployed one of its floating LiDAR buoys in the maritime area of Lithuania’s future offshore wind farm to gather wind and meteorological measurements in the Baltic Sea, which are necessary for the development of the 700 MW project. The measuring station, which was put on a special buoy, wi

about 2 years ago
Lug; Source: Dixstone
Business Developments & Projects

Unleashing stranded reserves at African offshore field with first drilling ops since 1984

Perenco has embarked on a five-well development drilling campaign at a field off the coast of Cameroon, Central Africa.

about 2 years ago
New subsea services company comes to market in Vietnam
Business Developments & Projects

New subsea services company comes to market in Vietnam

Thailand-headquartered subsea services provider Mermaid Maritime has established a joint venture company with a Vietnamese partner for the delivery of offshore subsea services in Vietnam. The JV company was established by Mermaid Subsea Services (Thailand) which holds 50% and Tan Cang Offshore Servi

about 2 years ago
Oceaneering Onshore Remote Operations Center in Macaé, Brazil
Business Developments & Projects

‘Important milestone’ in Brazil as Oceaneering completes its first onshore ROV piloting

U.S.-based Oceaneering has completed its first onshore piloting of a remotely operated vehicle (ROV) from an onshore remote operation center (OROC) in Brazil, carried out in partnership with the Brazillian oil and gas giant Petrobras. The companies worked together to ensure secure offshore connectiv

about 2 years ago
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