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Business Developments & Projects

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XL unmanned underwater vehicle begins sea trials
Business Developments & Projects

XL unmanned underwater vehicle begins sea trials

Canada’s Cellula Robotics has commenced sea trials of its extra-large unmanned underwater vehicle (XLUUV), featuring hydrogen fuel cell technology. The initial sea trials of the Solus-XR XLUUV are designed to evaluate surface performance and autonomy, said to offer a valuable opportunity to assess t

about 3 years ago
Triton-C wave energy device heading to deployment site in Hawaii (Courtesy of Oscilla Power)
Business Developments & Projects

US wave energy company wraps preps ahead of Hawaii deployment

Oscilla Power has completed two key preliminary steps in preparation for the launch of its Triton-C wave energy converter at the Wave Energy Test Site (WETS) in Hawaii.

about 3 years ago
Noble Highlander jack-up rig (for illustration purposes); Source: Noble Corporation
Business Developments & Projects

International offshore rig count continues its upward trend

Baker Hughes’ international rig count report shows a further increase in the number of offshore rigs in August 2023, as 4 additional units were recorded compared to the month before.

about 3 years ago
Technip Energies presents LNG train solution SnapLNG
Business Developments & Projects

Technip Energies presents LNG train solution SnapLNG

Engineering and technology company Technip Energies has announced SnapLNG, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production. It is a 2.5 mtpa electrically driven LNG train solution comprised of reproducible modules ready for delivery and installation. T

about 3 years ago
Everest platform; Source: Harbour Energy
Business Developments & Projects

New five-year deal for Wood in North Sea

Wood has secured a new master services agreement and associated contracts valued at around $330 million for operations in the UK North Sea.

about 3 years ago
Prysmian completes all activities for Viking Link
Business Developments & Projects

Prysmian completes all activities for Viking Link

Prysmian Group has completed the installation and HV testing activities of its submarine and land power cables for the Viking Link interconnector connecting the UK and Denmark. Prysmian was awarded the contract worth approximately €700 million in August 2019 by the UK’s National Grid and Danish Ener

about 3 years ago
Höegh LNG Aker bp
Business Developments & Projects

Höegh LNG, Aker BP forge alliance on CO2 transportation and storage

Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c

about 3 years ago
Illustration; Source: North Sea Transition Authority
Business Developments & Projects

Will UK pull out of energy treaty now or wait to see if low-carbon and green provisions will be woven into its fabric?

The UK is set on reviewing its Energy Charter Treaty membership, which will enable it to consider withdrawal as an outcome of the review.

11 minutes read
MHI secures FEED contract for hydrogen fluoride plant in Kitakyushu City
Business Developments & Projects

MHI secures FEED contract for hydrogen fluoride plant in Kitakyushu City

Japan’s Mitsubishi Heavy Industries (MHI) has received an order for the front-end engineering and design (FEED) of a hydrogen fluoride production plant, including utility facilities, in Hibikinada Oceanfront Industrial Park in Kitakyushu City, Fukuoka Prefecture. The order came from Mexichem Fluor J

about 3 years ago
Video: Teekay’s Arctic LNG tanker transiting the Northern Sea Route
Business Developments & Projects

Gibson: Russia targeting year-round sailing in Northern Sea Route as early as 2025

Voyages through the Northern Sea Route (NSR) have long been on the radar, but recent developments indicate that Russia is now aiming to establish year-round sailing on this strategic maritime pathway as early as 2025, Gibson Shipbrokers said in a recent report. This ambitious goal comes as Russia se

about 3 years ago
More than $100 million in two new contracts for Oceaneering
Business Developments & Projects

More than $100 million in two new contracts for Oceaneering

Oceaneering International’s Offshore Projects Group (OPG) segment has secured two international contracts that have a combined total value of over $100 million. Oceaneering has been named a consortium partner to support transportation and installation work on the Girassol Life Extension project in A

about 3 years ago
ExoTechnologies and RONN team up on hydrogen propulsion
Business Developments & Projects

ExoTechnologies and RONN team up on hydrogen propulsion

The Isle of Man-based ExoTechnologies, the owner of Glasgow boat builder Ultimate Boats, and Arizona-based hydrogen car and truck maker RONN have entered a hydrogen propulsion partnership. The companies, which signed a Letter of Intent (LoI), are expected to develop clean hydrogen electric propulsio

about 3 years ago
Emanuele Grimaldi; Image credit: Grimaldi
Business Developments & Projects

Grimaldi’s 2nd CO2-slashing multipurpose vessel delivered

The Grimaldi Group has taken delivery of its second con-ro multipurpose ship of the G5 class named the Great Lagos. The G5-class vessel was built by Hyundai Mipo Dockyard Co. Ltd. in Ulsan, South Korea. It is able to transport 4,700 linear metres of rolling freight, 2,500 Car Equivalent Units (CEU)

about 3 years ago
World's first methanol-powered boxship (Courtesy of A.P. Moller-Maersk)
Business Developments & Projects

In focus: Backed with government and private funding, offshore energy and shipping industries go full steam ahead towards net-zero future

Europe and the United States have set in place a number of funding programs designed to boost and accelerate the development of a very diverse ‘clean energy sector’, which is being backed by significant initiatives from the major players coming from the more established maritime and oil and gas indu

about 3 years ago
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