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Business Developments & Projects

CMA CGM finalizes 6-unit-strong LNG vessel order, launches R&D hub in India

French shipping and logistics major CMA CGM Group has signed the final shipbuilding contract with India’s Cochin Shipyard Limited (CSL) for six LNG-powered containerships. The newbuilds, for which a letter of intent (LOI) was signed in October 2025, will have a capacity of 1,700 TEUs, will be able t

about 7 months ago

Business Developments & Projects

South African port confirmed as ‘suitable’ for wave energy project

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Eco Wave Power has completed a feasibility study for a potential wave energy power station at the Port of Ngqura in South Africa, stating that it had shown encouraging results. Conducted in collaboration with Africa Great Future Development (AGFDL), the feasibility study assessed site conditions, wa

about 7 months ago

Business Developments & Projects

MISC makes its first foray into Papua New Guinea with ExxonMobil’s FSO deals

MISC, Malaysia’s owner and operator of offshore floating and energy-related maritime solutions and services, has signed on the dotted line with ExxonMobil PNG (EMPNG), a subsidiary of the U.S.-based energy giant ExxonMobil, for a new floating storage and offloading (FSO) unit, which is destined to w

about 7 months ago

Business Developments & Projects

Østensjø Rederi’s hybrid tug to feature Finland-made propulsion

Spain’s GONDAN Shipbuilders has placed an order with Finnish company Steerprop to deliver propulsion for a new hybrid tugboat, the first tug design from naval architect Skipsteknisk, destined for Norwegian shipowner Østensjø Rederi. Steerprop will supply dual-end versions of its SP 50 W D propulsors

about 7 months ago

Business Developments & Projects

Barents Sea prospect ends up being dry

Norwegian state-owned oil and gas giant Equinor has conducted drilling activities at a wildcat well in the Barents Sea off the coast of Norway with one of COSL Drilling Europe’s semi-submersible rigs. This well did not yield commercial quantities of hydrocarbons.

about 7 months ago

Business Developments & Projects

First of 7 transformers delivered for first UK-Germany energy link

Siemens Energy has delivered the first of seven transformers that will help to power NeuConnect, the first energy link between the UK and Germany. The transformer was taken from Siemens Energy’s factories in Nürnberg, Germany, and delivered by barge along the Rhine River to Rotterdam, the Netherland

about 7 months ago

Business Developments & Projects

Inter-array cable installation underway at 1.4 GW East Anglia Three offshore wind farm

The vessel Seaway Aimery is laying inter‑array cables between wind turbines and the offshore converter platform at the East Anglia Three offshore wind site in the UK. The cable-laying vessel (CLV), which started the installation work in January, is supported by Seaway Moxie and will be joined by two

about 7 months ago

Business Developments & Projects

Türkiye‘s national oil & gas company enters Bulgarian offshore license as partner to Shell

Türkiye‘s national oil & gas giant Türkiye Petrolleri A.O. (TPAO) has become a partner in an offshore exploration license in Bulgaria, located near Sakarya, Türkiye’s largest natural gas field. TPAO reported today, February 18, that it had, as a partner, joined the exploration license in the Khan Te

about 7 months ago

Business Developments & Projects

Five Chinese gas carrier and FSRU vessel projects receive Bureau Veritas’ blessing

Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AIP) certificates for five vessel projects developed by Chinese Hudong-Zhonghua Shipbuilding (Group), spanning LNG and ethane carriers, a floating storage regasification unit (FSRU), onboard carbon capture (OCC)-ready design an

about 7 months ago

Business Developments & Projects

Hellenic Cables nets inter-array contract for BC-Wind project in Poland

DEME has awarded Hellenic Cables with a contract for the supply of inter-array cables for the 390 MW BC-Wind offshore wind project in Poland, developed by Ocean Winds. Under the contract, the Greece-based manufacturer will be responsible for the design, engineering, manufacturing, testing, and suppl

about 7 months ago

Business Developments & Projects

Worley gets technical advisor role for New Zealand’s LNG import terminal

New Zealand’s Ministry of Business, Innovation and Employment (MBIE) has selected Australia’s engineering company Worley as client engineer and technical advisor for the development of the country’s liquefied natural gas (LNG) import terminal. Worley will support the ministry through the procurement

about 7 months ago

Business Developments & Projects

Offshore construction on Polish Bałtyk 2 & 3 wind farms starts with subsea rock installation

Offshore construction has begun on the Bałtyk 2 and Bałtyk 3 offshore wind projects in Poland, developed by Equinor and Polenergia, which will together have 100 wind turbines and an installed capacity of 1.4 GW. The 2026 offshore construction campaign will see the installation of 100 monopiles, tran

about 7 months ago

Business Developments & Projects

Testing aimed at improving megawatt-scale tidal energy device wraps up in Ireland

Marine energy technology and project solutions provider ORPC has completed testing activities that had the goal of improving installation, operation and maintenance of its megawatt-scale tidal energy device. The testing, wrapped up at the end of 2025, was part of the ORPC-led LOGIC-Tide research and

about 7 months ago

Business Developments & Projects

Equinor picks OneSubsea for subsea compression upgrade

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured an engineering, procurement and construction (EPC) contract from Norwegian state-owned energy firm Equinor to upgrade the subsea compression system for the Gullfaks field in the Norwegian North Sea. SLB said that OneSu

about 7 months ago