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Business Developments & Projects

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$16 million subsea order lands on Kraken Robotics' table
Business Developments & Projects

$16 million subsea order lands on Kraken Robotics’ table

Canada’s Kraken Robotics has received a purchase order for subsea batteries valued at $16 million, with deliveries set to occur this and next year. With this order, Kraken said it had now received more than $30 million of purchase orders in the last six months for its SeaPower subsea batteries. The

about 3 years ago
Gidara Energy gets green light for methanol plant in port of Amsterdam
Business Developments & Projects

Gidara Energy gets green light for methanol plant in port of Amsterdam

Gidara Energy has received a key environmental permit for its renewable methanol facility to be built at BioPark in the port of Amsterdam. The environmental permit was granted by the province of Noord-Holland, allowing the company to build its Advanced Methanol Amsterdam (AMA) facility. The facility

about 3 years ago
Illustration/Verdant Power’s three-turbine array mounted on TriFrame (Courtesy of US DOE)
Business Developments & Projects

US DOE officially opens $45 million funding call for tidal energy

The US Department of Energy (DOE) has released a $45 million funding opportunity to advance a comprehensive approach to tidal and current energy development in the United States.

about 3 years ago
Aker Horizons and VNG ink LOI to ship ammonia from Norway to Germany
Business Developments & Projects

Aker Horizons and VNG ink LOI to ship ammonia from Norway to Germany

Norway-based green energy developer Aker Horizons and German gas group VNG have signed a letter of intent (LOI) aiming to ship green ammonia from Narvik, Northern Norway, to Germany. VNG said it plans to procure up to 200,000 tonnes of green ammonia per year from Aker Horizons’ large-scale green ind

about 3 years ago
Stena Line
Business Developments & Projects

Stena Line takes over ferry and RoRo terminal in Port of Ventspils, Latvia

Swedish ferry operator Stena Line has acquired the operations of the ferry and RoRo terminal in the Port of Ventspils, Latvia, in the latest move supporting the group’s long-term expansion in the growing Baltic Sea region. Stena Line has operated the route between Ventspils and Nynäshamn, Sweden sin

about 3 years ago
Norbe VI; Source: Ocyan
Business Developments & Projects

Field revitalisation yields ‘evidence’ of oil in prospect off Brazil

PRIO, formerly known as PetroRio, has uncovered proof of the existence of oil in a prospect located off the coast of Brazil.

about 3 years ago
JERA and PTT join forces for decarbonisation of Thailand
Business Developments & Projects

JERA and PTT join forces for decarbonisation of Thailand

JERA, Japan’s energy major, and PTT Public Company Limited, a state enterprise operating petroleum and related businesses under the Energy Ministry of Thailand, have signed a Memorandum of Understanding (MoU) to collaborate on initiatives for expanding the supply chain and usage of hydrogen and ammo

about 3 years ago
Lomar Shipping acquires Supramax bulk carrier trio
Business Developments & Projects

Lomar Shipping acquires Supramax bulk carrier trio

UK-based shipowner Lomar Shipping, part of Libra Group, has acquired three Supramax bulk carriers as part of its fleet renewal program.

about 3 years ago
Shortly after revealing new investment plans, NKT's CEO resigns
Business Developments & Projects

Shortly after revealing new investment plans, NKT’s CEO resigns

NKT’s Chief Executive Officer (CEO) Alexander Kara has decided to leave the company and is being replaced from within. The announcement comes shortly after the company revealed it was planning new investments in additional production capacity and capabilities. According to NKT, Kara has decided to l

about 3 years ago
CMA CGM
Business Developments & Projects

CMA CGM moves forward with Bolloré Logistics acquisition deal

French liner heavyweight CMA CGM has committed to purchasing Bolloré Group’s transport and logistics operations – Bolloré Logistics. CMA CGM said that it has granted ‘ a put option’ to Bollore Group to sell Bollore Logistics after exclusive negotiations announced on April 18, which the latter accept

about 3 years ago
Hercules rig; Source: SFL Corp.
Business Developments & Projects

Rig deal for drilling campaign off Namibia confirmed

The rig will be used for a drilling campaign at a licence offshore Namibia close to Shell’s Graff and TotalEnergies’ Venus discoveries.

about 3 years ago
Air Products’ technology and equipment selected for Chinese electric-driven LNG project
Business Developments & Projects

Air Products’ technology and equipment selected for Chinese electric-driven LNG project

Industrial gases company Air Products has signed an agreement to supply its proprietary LNG process technology and equipment to French engineering company Technip Energies for an electric-driven LNG project in China. Last month, Technip Energies was selected by Shaanxi Yanchang Petroleum Group and S

about 3 years ago
The Seligi field produces gas through the PM8/Seligi PSC hub; Source: EnQuest
Business Developments & Projects

EnQuest ramping up gas output from asset off Malaysia

EnQuest has inked a deal with Malaysia’s Petronas to boost gas production from a field located in shallow water offshore Malaysia.

about 3 years ago
GTT, SWS get BV’s nod for LNG dual-fuel VLCC design
Business Developments & Projects

GTT, SWS get BV’s nod for LNG dual-fuel VLCC design

French LNG containment specialist GTT and Chinese shipbuilder Shanghai Waigaiqiao Shipyard (SWS) have obtained approval in principle from classification society Bureau Veritas (BV) for the design of LNG dual-fuel very large crude carrier.

about 3 years ago
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