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Business Developments & Projects

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Australia’s Portland en route to become renewable fuel production hub
Business Developments & Projects

Australia’s Portland en route to become renewable fuel production hub

Harriet Shing, Minister for Regional Development, Victoria, Australia, has announced a new feasibility study that could see Portland become home to one of Australia’s first green shipping fuel production hubs, with $500,000 invested through the Labor Government’s Portland Diversification Fund. The s

about 3 years ago
Italian cabling giant scoops €630 million contract for Adriatic Sea link
Business Developments & Projects

Italian cabling giant scoops €630 million contract for Adriatic Sea link

Italian cabling giant Prysmian Group has won another contract to deliver a submarine cable project in its homeland, worth around €630 million. With this, the company’s Projects Business Unit order intake exceeds €10 billion year to date, including preferred bidder agreements. Prysmian has secured th

about 3 years ago
GCMD SGMF
Business Developments & Projects

GCMD, SGMF to develop guidelines on the use of ammonia as marine fuel

The Global Centre for Maritime Decarbonisation (GCMD) and the Society for Gas as a Marine Fuel (SGMF) have signed a 2-year Coalition Partnership agreement during Gastech 2023. Under the agreement, GCMD and SGMF plan to collaborate on reshaping standards by developing guidelines on the use of ammonia

about 3 years ago
Illustration/UK-built tidal energy turbines (Courtesy of Orbital Marine Power; SIMEC Atlantis Energy; Nova Innovation)
Business Developments & Projects

UK set to join EU’s flagship Horizon Europe program – an ‘excellent’ news for ocean energy sector

The announcement that the UK is to join the EU’s flagship Horizon Europe program has been deemed as excellent news for Europe’s ocean energy sector as it could help enable the deployment of more ocean energy projects in the water, keeping Europe’s competitive edge in this emerging industry.

about 3 years ago
Kadri Simson during visit to Tocardo’s Eastern Scheldt tidal power plant (Courtesy of Ocean Energy Europe)
Business Developments & Projects

EU Commissioner for Energy to deliver keynote address at Ocean Energy Europe event

Kadri Simson, European Commissioner for Energy, will be present at this year’s Ocean Energy Europe Conference & Exhibition (OEE2023) to deliver a keynote address about what EU has in store for the future of ocean energy.

about 3 years ago
Beihai Winning international
Business Developments & Projects

Winning International taps Beihai for methanol-ready WinningMax ore carrier duo

Chinese shipbuilder CSSC Qingdao Beihai Shipbuilding in collaboration with China State Shipbuilding Trading has signed a contract for the construction of two 325,000 dwt ore carriers with Singapore-based Winning International Group. The contract marks the inaugural cooperation between Winning Intern

about 3 years ago
Lattice gets BV’s AiP for floating LH2 import terminal
Business Developments & Projects

Lattice gets BV’s AiP for floating LH2 import terminal

Classification society Bureau Veritas (BV) has issued an approval in principle (AiP) to Lattice Technology for the design and development of a 75,000 cbm floating liquified hydrogen (LH2) import terminal. This import terminal is expected to receive the liquefied hydrogen from an LH2 carrier and stor

about 3 years ago
Developer of UK-France interconnector agrees collaboration with Portsmouth City Council
Business Developments & Projects

Developer of UK-France interconnector agrees collaboration with Portsmouth City Council

AQUIND Ltd, the company behind the planned namesake 2 GW electricity interconnector between the UK and France, has established a collaboration with the Portsmouth City Council for the delivery of the project. AQUIND and Portsmouth City Council entered into a works co-operation agreement on 5 Septemb

about 3 years ago
Wärtsilä inks maintenance deal for world’s largest shallow draft LNG carrier
Business Developments & Projects

Wärtsilä inks maintenance deal for world’s largest shallow draft LNG carrier

Finnish technology group Wärtsilä has signed a Technical Management Agreement with China LNG Shipping (International) Company for world’s largest shallow draft LNG carrier Dapeng Princess.

about 3 years ago
Triangular floating platform design with AWS-inspired absorbers undergoing tests at FloWave (Photo courtesy of WES)
Business Developments & Projects

WES starts testing combined floating wind and wave energy models

Wave Energy Scotland (WES) has started a series of tank tests of floating wind and wave energy structures at the University of Edinburgh’s FloWave facility to explore the potential benefits the synergy between the two technologies could bring.

about 3 years ago
France LNG Shipping signs LNGC charter deal with EDF
Business Developments & Projects

MISC and NYK Line join maritime methane abatement drive

Japanese shipping company NYK Line, Malaysian shipping line MISC, and MiQ, a methane measurement certification company, have joined the Methane Abatement in Maritime Innovation Initiative (MAMII). With the new members, the collective of shipping leaders aiming to address the environmental implicatio

about 3 years ago
North Sea gas project 'rapidly taking shape' with start of pipeline survey
Business Developments & Projects

North Sea gas project ‘rapidly taking shape’ with start of pipeline survey

A pipeline route survey has begun on the Anning and Somerville field developments located in the Southern North Sea. Furthermore, Hartshead Resources NL (HHR) and Rockrose Energy, joint venture partners standing behind the project, have received bids for the platforms. Hartshead Resources NL reporte

about 3 years ago
Bumi Armada
Business Developments & Projects

Bumi Armada’s carbon storage and injection vessel wins nod from ABS

The pioneering design for a floating carbon storage and injection unit (FCSIU), developed by Malaysian offshore energy major Bumi Armada, has won approval in principle (AiP) from the ABS classification society. Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liqui

about 3 years ago
ADNOC Gas strikes $450-550 million LNG supply deal with PetroChina
Business Developments & Projects

ADNOC Gas strikes $450-550 million LNG supply deal with PetroChina

UAE’s integrated gas processing company ADNOC Gas has signed an agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), to supply liquefied natural gas (LNG) to PetroChina International (PCI), a subsidiary of oil and gas company PetroChina. ADNOC Gas said that LNG

about 3 years ago
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