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Aker Horizons nets $12 million in funding for Rjukan green hydrogen project
Business Developments & Projects

Aker Horizons nets $12 million in funding for Rjukan green hydrogen project

Green energy developer Aker Horizons ASA has announced that Aker Horizons Asset Development, its wholly-owned asset development arm dedicated to hydrogen projects, has been awarded up to NOK 135 million ($12.2 million) in grants and loans from Innovation Norway for the green hydrogen production faci

about 3 years ago
FPSO Jasmine Venture MV7; Source: MODEC
Business Developments & Projects

Five more years at Canadian firm‘s oil field lay in store for Thai FPSO

Canada-based oil and gas company Valeura Energy has extended two contracts related to an oil field offshore Thailand.

about 3 years ago
China's first offshore CCS demo project up and running
Business Developments & Projects

China’s first offshore CCS demo project up and running

Chinese oil and gas company CNOOC Limited has commissioned what is said to be China’s first offshore carbon capture and storage (CCS) demonstration project. The CCS project, officially commissioned on 1 June, is an auxiliary part of the Enping 15-1 oilfield development and can store more than 1.5 mi

about 3 years ago
Yang Ming
Business Developments & Projects

Yang Ming, HD Hyundai Heavy Industries seal deal for five 15,500 TEU LNG-fuelled containerships

Taiwanese shipping company Yang Ming Marine Transportation Corporation has signed a contract with South Korea’s shipbuilding major HD Hyundai Heavy Industries Co., for the en bloc construction of five 15,500 TEU LNG dual fuel container vessels. These new vessels are scheduled to be delivered in 2026

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business Developments & Projects

Equinor comes up empty in North Sea well

Equinor has completed the drilling of an exploration well near the Troll field in the Norwegian North Sea but failed to find hydrocarbons.

about 3 years ago
Deepsea Yantai rig; Source: Odfjell Drilling
Business Developments & Projects

Odfjell Drilling confirms another drilling job for semi-sub rig

Offshore drilling contractor Odfjell Drilling has confirmed a new contract for a rig it manages on behalf of CIMC Offshore.

about 3 years ago
FPSO Almirante Barroso; Credit: CHUN YEAU NG; Source: Petrobras
Business Developments & Projects

Brand-new FPSO starts work at ‘largest deepwater field in the world’

Petrobras has kicked off production from a new FPSO, deployed in the pre-salt Santos Basin offshore Brazil.

about 3 years ago
A photo of the WindFloat Atlantic floating wind farm n Portugal
Business Developments & Projects

Ocean Winds applies for floating wind concession in Italy

Ocean Winds, a joint venture between EDP Renewables and Engie, has filed an application for a concession with the Italian authorities for a site located some 50 kilometres off the Sicilian coast, where the developer wants to build a floating wind farm. According to a document published for public co

about 3 years ago
ammonia powered engine
Business Developments & Projects

MAN ES ignites excitement: Single-cylinder test of long-awaited ammonia engine about to kick off

German engine manufacturer MAN Energy Solutions says its long-awaited engine is ready to burn ammonia on a single cylinder.

about 3 years ago
FPSO Stybarrow Venture MV16; Source: MODEC
Business Developments & Projects

Transocean, TechnipFMC, Heerema, McDermott, Fugro, DOF, and McMahon get decom work at Woodside‘s oil & gas fields

Woodside has handed out deals to multiple players for the decommissioning of subsea infrastructure at several oil & gas fields off Australia.

about 3 years ago
Rapid developments in offshore market require new production methods for Fast Crew Suppliers
Business Developments & Projects

Rapid developments in offshore market require new production methods for Fast Crew Suppliers

Damen Song Cam Shipyard in Vietnam is gearing up to begin rapid series production of Damen’s Fast Crew Supplier 2710. This is to meet the projected rapid growth in demand for wind farm support vessels due to the expansion in offshore wind development across South-East Asia that is already underway.

about 3 years ago
Outwitting technical limits – Designing the blueprint for MARIN’s Zero Emissions Lab
Business Developments & Projects

Outwitting technical limits – Designing the blueprint for MARIN’s Zero Emissions Lab

In 2017, the Maritime Research Institute Nederland (MARIN) started researching the concept of a Zero Emissions Lab (ZEL), a facility to configure and test the propulsion performance of climate neutral or zero emission ships. This ‘engine room of the future’, which combines power components such as b

about 3 years ago
New whale tail-inspired electric propulsion for ships unveiled
Business Developments & Projects

New whale tail-inspired electric propulsion for ships unveiled

Swiss-based equipment provider ABB has unveiled a new concept of electric propulsion system to boost efficiency in the shipping industry.

about 3 years ago
Straatman adds mooring system to FSRU Toscana
Business Developments & Projects

OLT Offshore LNG Toscana sees increase in regasification capacity

Italian OLT Offshore LNG Toscana has received authorisation to increase its annual regasification capacity from the current 3.75 billion to about 5 billion standard cubic meters per year. OLT said the capacity increase does not involve plant modifications, but a greater utilisation of the existing p

about 3 years ago
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