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Business Developments & Projects

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Oil spill (for illustration purposes); Source: Vissim
Business Developments & Projects

Vår Energi revamps oil spill detection technology on assets off Norway

Vår Energi has hired Vissim to fit a new and upgraded oil spill detection solution at its installations on the Norwegian continental shelf.

about 2 years ago
US firm orders first subsea-tracked trenching vehicle to back offshore wind work
Business Developments & Projects

US firm orders subsea-tracked trenching vehicle to back offshore wind work

U.S. cable installation contractor Caldwell Marine International (CMI) has placed an order with Royal IHC Offshore Energy for a subsea-tracked trenching vehicle, expected to support its future work in the U.S. offshore wind sector. The scope of the contract award includes the new Amphibious Hi-Traq

about 2 years ago
Wallem
Business Developments & Projects

Wallem appoints John Rowley as new CEO

The CEO of Wallem Group John-Kaare Aune is stepping down from his role following a transitional period, culminating in his departure in January 2024. Aune’s journey with Wallem commenced in 2019 when he assumed the role of Managing Director, Shipmanagement. Subsequently, in January 2021, he ascended

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

Equinor gets clearance to dispatch Odfjell rig for drilling ops in North Sea

Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.

about 2 years ago
NYK
Business Developments & Projects

World’s 1st LNG-fueled Panamax-class coal carrier starts operations

The world’s first LNG-fueled Panamax-class coal carrier, named Shoyo, has kick-started commercial operations after being bunkered with its first fuel at the beginning of October. The vessel was built by Japanese shipbuilder Oshima Shipyard for compatriot Nippon Yusen Kabushiki Kaisha (NYK) and Kyush

about 2 years ago
Hudong-Zhonghua hands over third LNG carrier to CSSC Shipping
Business Developments & Projects

Hudong-Zhonghua hands over third LNG carrier to CSSC Shipping

China’s Hudong-Zhonghua Shipbuilding has delivered the third LNG carrier to CSSC Shipping, the financial leasing entity of China State Shipbuilding Corporation (CSSC), and is on track to set a new record in annual LNG carrier deliveries. The 174,000 cubic meter LNG carrier named Wen Cheng was delive

about 2 years ago
CIMC SOE hosts delivery ceremony for Fratelli Cosulich’s LNG bunkering ship
Business Developments & Projects

CIMC SOE hosts delivery ceremony for Fratelli Cosulich’s LNG bunkering ship

China’s CIMC SOE has held a delivery signing ceremony for Italian shipowner Fratelli Cosulich’s 8,200 m3 LNG bunkering ship Alice Cosulich. The vessel has a total length of 113 m, a molded width of 20 m, a molded depth of 13.5 m, a design draft of 6.35 m and a load capacity of about 5,300 […]

about 2 years ago
World’s most compact marine hydrogen fuel cell in the making
Business Developments & Projects

World’s most compact marine hydrogen fuel cell in the making

Norwegian cleantech company TECO 2030 has elaborated on “the world’s most power-dense marine and heavy-duty hydrogen fuel cell module”, the FCM400.

about 2 years ago
Wood Mackenzie
Business Developments & Projects

With different decarbonization pathways in play, how are NOCs holding up against IOCs?

Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

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

Are Gulf of Mexico vessel restrictions a boon for whales but a curse for America’s offshore oil & gas industry?

New report warns that restrictions on oil & gas vessels in the Gulf of Mexico will undermine U.S. energy security and hamper economic growth.

15 minutes read
DP World
Business Developments & Projects

DP World raises $1.5 billion for decarbonization

Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant investments. DP World said that the Sukuk was oversub

about 2 years ago
Finished NEMMO tidal turbine blades with anti-fouling cover (Courtesy of NEMMO project)
Business Developments & Projects

Brand new NEMMO tidal turbine blades ready for a spin at sea

The collaborative EU-backed NEMMO project has reached its last and most significant milestone – producing novel-design tidal turbine blades, three of which are being shipped to be fitted on Magallanes Renovables’ ATIR tidal energy platform in Scotland.

about 2 years ago
Engine concepts for maritime hydrogen applications next on MAN ES’ agenda
Business Developments & Projects

Engine concepts for maritime hydrogen applications next on MAN ES’ agenda

German engine manufacturer MAN Energy Solutions (MAN ES) has formed a partnership with industry leaders and research institutes to develop concepts for hydrogen-fueled medium-speed engines in the maritime sector. The partnership will work on the project dubbed ‘HydroPoLEn’, which is supported and fu

about 2 years ago
Pacific Basin
Business Developments & Projects

Pacific Basin expects limited dual-fuel methanol bulker orders for 2024

Hong Kong-based dry bulk shipping company Pacific Basin anticipates limited orders for dual-fuel methanol-enabled mid-size dry bulk vessels in 2024. As explained, these vessels are expected to primarily consume conventional fuel oil in the foreseeable future due to the limited availability and high

about 2 years ago
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