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Mariparks and multiuse to support sustainability efforts on North Sea
Business Developments & Projects

Mariparks and multiuse to support sustainability efforts on North Sea

According to Erwin Coolen, Director of ECHT, we need Mariparks, which are offshore business areas, and multiuse to reach energy, food and nature transitions that are ongoing on the North Sea. Together with Nathalie Scheidegger, Project Leader Sustainable Blue Economy, Netherlands’ Ministry of Agricu

about 2 years ago
Peregrino A platform; Source: Equinor
Business Developments & Projects

Wood finds more work at Equinor’s largest field outside Norway

Wood has tucked a contract extension under its belt to deliver maintenance and modification solutions to assets at a field off Brazil.

about 2 years ago
PSV Skandi Kvitsoy; Source: DOF Group
Business Developments & Projects

Two oil & gas firms book DOF vessels for long-term gigs in Norway and Australia

DOF Group has won two long-term assignments for an AHTS vessel and a platform supply vessel (PSV) in Norway and Australia, respectively.

about 2 years ago
Challenger
Business Developments & Projects

Dorian LPG joins VLAC bandwagon with debut order

U.S.-headquartered LPG shipping company Dorian LPG has placed an order for the construction of a Very Large Gas Carrier (VLGC) /ammonia carrier. The vessel is anticipated to be delivered in the third quarter of 2026, and Dorian has already made first installment payment of $23.8 million in January 2

about 2 years ago
Prelude FLNG; Source: Shell
Business Developments & Projects

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read
Zero Emission Shipping Fund
Business Developments & Projects

Zero Emission Shipping Fund proposal put on the table for IMO. Will it accelerate shipping’s journey to net zero?

The International Chamber of Shipping (ICS), the Commonwealth of The Bahamas, and the Republic of Liberia have submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the International Maritime Organization (IMO) for a Zero Emission Shipping Fund (ZESF).

about 2 years ago
Substation construction for Morlais tidal energy project wraps up
Business Developments & Projects

Substation construction for Morlais tidal energy project wraps up

The construction of the £24 million substation for the Morlais tidal stream energy project has been completed and the substation has been delivered to site owner Menter Môn Morlais. Civil engineering firm Jones Bros has handed over the substation to Menter Môn Morlais in a move said to signal the su

about 2 years ago
TECO 2030 and Umoe Mandal seek AiP for fuel cell high-speed vessel design
Business Developments & Projects

TECO 2030 and Umoe Mandal seek AiP for fuel cell high-speed vessel design

Norwegian cleantech company TECO 2030 and compatriot shipbuilder Umoe Mandal have submitted an approval in principle (AiP) application to the Norwegian Maritime Authority for the world’s first fuel cell high-speed vessel design. As disclosed, the vessel will be constructed based on Umoe Mandal’s cre

about 2 years ago
Pilot Project BRIZO in Risør, Norway. Source: Fred. Olsen 1848
Business Developments & Projects

Fred. Olsen 1848’s floating solar pilot makes a splash

Oslo-headquartered Fred. Olsen 1848 has deployed its pilot floating solar project at sea in Norway, with commissioning scheduled for spring. Fred. Olsen 1848 sees the 50×50 meter, 124 kW pilot project in Risør as a testing ground for refining the components of its floating PV technology. The next s

about 2 years ago
EU
Business Developments & Projects

LR: Fleet utilization, routing can help shipowners better navigate new EU regulations

Deploying fleets efficiently along specific routes, combined with educated fuel and technology choices will be crucial for navigating new EU regulations, according to a new Lloyd’s Register report.

about 2 years ago
shipbreaking
Business Developments & Projects

NGO Shipbreaking demands EU action on ship recycling amid stark reality of 2023 figures

The NGO Shipbreaking Platform is calling for the extension of the EU Ship Recycling Regulation to include ownership in addition to the flag, after releasing the latest figures on global shipbreaking practices for 2023. The data from the platform shows that out of the 446 ocean-going commercial ships

about 2 years ago
Uniper advances renewable electrofuel project in Sweden
Business Developments & Projects

Uniper advances renewable electrofuel project in Sweden

German energy group Uniper has signed an agreement with Swedish power company Jämtkraft to secure access to land and electricity grid connection for its sustainable electrofuel project NorthStarH2 in Östersund, Sweden. The aim of this project is to produce e-methanol from renewable hydrogen and capt

about 2 years ago
Cygnus gas field in the southern North Sea; Source: Neptune Energy
Business Developments & Projects

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

about 2 years ago
Taiwanese geotechnical vessel under conversion to prep for local offshore wind market
Business Developments & Projects

Taiwanese geotechnical vessel under conversion to prep for local offshore wind market

Taiwanese offshore geophysical and geotechnical investigation company PDE Offshore Corporation is carrying out the conversion of its new geotechnical vessel to service the local offshore wind market. The Geo Power geotechnical vessel is now under conversion work and will join the fleet in mid-2024 t

about 2 years ago
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