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Business Developments & Projects

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€15M boost to help SolarDuck deliver its first commercial floating solar projects
Business Developments & Projects

€15M boost to help SolarDuck deliver its first commercial floating solar projects

Dutch-Norwegian company SolarDuck has secured €15 million in funding for the further development and deployment of offshore floating solar power technology. According to SolarDuck, this funding sets the company on a path of continued growth, to deliver its first commercial projects and increase its

about 2 years ago
Asyad and Oman LNG seal long-term deal for two 5th generation LNG carriers
Business Developments & Projects

Asyad and Oman LNG seal long-term deal for two 5th generation LNG carriers

ASYAD Shipping, a part of Oman’s national logistics provider ASYAD Group, and Oman LNG have signed a long-term agreement for the charter of two 5th generation LNG carriers. According to Asyad, the agreement for two 170,000 cubic meter LNG carriers affirms the company’s commitment to boost local adde

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

Gulf of Mexico oil & gas lease sale pulls off ‘highest bid amount’ in almost a decade, Shell emerges as top bidder

The latest lease sale for acreage in the Gulf of Mexico under the Biden administration has gathered nearly $382.2 million in high bids.

about 2 years ago
Fugro embarks on another task to convert PSVs into geotechnical vessels
Business Developments & Projects

Fugro embarks on another task to convert PSVs into geotechnical vessels

Fugro is planning to repurpose two platform supply vessels (PSVs) into geotechnical vessels. This news comes as the Dutch company is currently in the process of repurposing two other PSVs into geotechnical vessels. Fugro announced it had reached an agreement to acquire the Wartsila-designed Sea Gold

about 2 years ago
Euronav
Business Developments & Projects

Performance Shipping inks construction deal for LNG-ready LR2 Aframax duo

Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April

about 2 years ago
Scandlines
Business Developments & Projects

Scandlines orders onshore charging solution for its electric ferries

Danish ferry operator Scandlines has contracted Norwegian Electric Systems AS (NES) to deliver an onshore charging system for its berth in Puttgarden, Germany. The Norwegian maritime system integrator NES will deliver the land-based charging system to the Puttgarden ferry berth, and connect the equi

about 2 years ago
Uniper looking into Provaris’ compressed hydrogen carriers for hydrogen import
Business Developments & Projects

Uniper looking into Provaris’ compressed hydrogen carriers for hydrogen import

Australia-based developer of green hydrogen projects Provaris Energy has signed a non-binding memorandum of understanding (MoU) with German energy company Uniper to evaluate the supply of green hydrogen to Germany using Provaris’ compressed hydrogen carriers. Under the MoU, Provaris and Uniper will

about 2 years ago
Great Tema
Business Developments & Projects

Hyundai Mipo delivers Grimaldi’s 3rd G5-class multipurpose RoRo

The Neapolitan shipping group Grimaldi has taken delivery of the third ro-ro multipurpose unit belonging to its “G5” class of vessels named the Great Tema. The RoRo was built at the Hyundai Mipo Dockyard Co. Ltd shipyard in Ulsan, South Korea, and it is intended for maritime transport services betwe

about 2 years ago
Deepsea Mira rig; Source: Odfjell Drilling
Business Developments & Projects

More work with TotalEnergies in Africa for semi-submersible rig

Northern Ocean has landed a contract extension for one of its semi-submersible rigs for activities in West Africa with TotalEnergies.

about 2 years ago
ZIM
Business Developments & Projects

Malaysia bans Israel-flagged vessels from its ports

In response to Israel’s actions against Palestinians in Gaza, the Malaysian government has decided to ban ships flying the Israeli flag from docking at any port in the country.

about 2 years ago
25,000-ton FPU Whale; Source: Seatrium
Business Developments & Projects

Sparta on the horizon: Shell sanctions deepwater oil development in US Gulf of Mexico

Shell has made a final investment decision (FID) for a deepwater oil development in the U.S. Gulf of Mexico.

about 2 years ago
ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt
Business Developments & Projects

ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a framework agreement on the development of the first phase of a green hydrogen project in Egypt with a capacity of 600,000 tons per year of green ammonia, wit

about 2 years ago
Island Constructor to pick up next-gen subsea equipment
Business Developments & Projects

Island Constructor to pick up next-gen subsea equipment

Island Offshore’s subsea vessel Island Constructor is set to pick up new, next-generation subsea equipment after it completes an assignment in January. Island Constructor, build 279 from Ulstein Verft, will return to the yard in January for a service assignment. The vessel will finish a well service

about 2 years ago
China's first domestically built drillship, named Mengxiang or Dream; Source: CCTV
Business Developments & Projects

WATCH: China’s first ultra-deepwater drillship all set to embark on sea trials

China has tucked a new milestone under its belt by naming its first drillship, which is now ready to kick off its sea trials.

about 2 years ago
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