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EU and Norway form Green Alliance on carbon capture, hydrogen and offshore renewables
Business Developments & Projects

EU and Norway form Green Alliance on carbon capture, hydrogen and offshore renewables

The European Union (EU) and Norway have formed a Green Alliance to strengthen their cooperation on clean energy and industrial transition as well as joint climate action and environmental protection efforts. The agreement was signed on 24 April in Brussels by the President of the European Commission

about 3 years ago
Sigma Energy’s full-scale device installed in the Adriatic Sea (Courtesy of Ocean Energy Europe)
Business Developments & Projects

Sigma Energy’s wave energy prototype shows no adverse effects on marine fauna

The University of Montenegro’s Institute of Marine Biology has assessed the impacts of Sigma Energy’s wave energy device on the ecosystem at the deployment site in the Adriatic Sea, finding it had no negative effects on the diversity of marine organisms.

about 3 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business Developments & Projects

U.S. offshore rig count stops in its tracks

Following the rise in the number of offshore rigs, the U.S. took a break, thus, the total number remained unchanged at 20 units last week.

about 3 years ago
Dril-Quip subsea trees in place at Woodside's Gulf of Mexico field
Business Developments & Projects

Dril-Quip subsea trees in place at Woodside’s Gulf of Mexico field

U.S. manufacturer of drilling and production equipment Dril-Quip has completed the installation of subsea trees at a Woodside-operated oil and gas field in the U.S. Gulf of Mexico. In a statement issued on 21 April, Dril-Quip announced the installation and completion of two 15,000 psi HorizontalBore

about 3 years ago
Japan receives first accredited low-carbon ammonia shipment for power generation
Business Developments & Projects

Japan receives first accredited low-carbon ammonia shipment for power generation

Energy company Aramco has announced that a shipment of low-carbon ammonia has arrived in Japan for use as fuel in power generation. More specifically, this shipment, which is described as the first accredited low-carbon ammonia one to arrive in Japan, was transported to the Fuji Oil company’s Sodega

about 3 years ago
MPA Singapore
Business Developments & Projects

Singapore, LA and Long Beach ports to establish green, digital corridor

The Maritime and Port Authority of Singapore (MPA), Port of Los Angeles (POLA), and Port of Long Beach (POLB), with the support of C40 Cities, have signed a memorandum of understanding (MoU) to establish a green and digital shipping corridor.

about 3 years ago
LionLink
Business Developments & Projects

UK and Netherlands unveil multi-purpose interconnector plans

The Netherlands and the United Kingdom have unveiled their plan to build what they say would be a first-of-its-kind electricity link to connect offshore wind between the two countries via interconnectors. LionLink, a multi-purpose interconnector that was announced today at the North Sea summit, coul

about 3 years ago
Illustration/Minesto's Dragon 4 (Courtesy of Minesto)
Business Developments & Projects

Minesto grows first quarter loss

Swedish marine energy company Minesto has started 2023 with an increase in net loss for the first quarter, when compared to the first three months of the year before.

about 3 years ago
James Fisher Subtech nearing end of fifth 'major' contract with BP
Business Developments & Projects

James Fisher Subtech busy with fifth ‘major’ contract with BP

James Fisher Subtech (JF Subtech) is carrying out its fifth “major” contract with BP and foreshore terminal underwater inspection services at the oil & gas major’s import terminal in the South East of England. The targeted condition survey constitutes phase one of the maintenance project, completed

about 3 years ago
RWE teams up with Kellas Midstream for green hydrogen production
Business Developments & Projects

RWE teams up with Kellas Midstream for green hydrogen production

Energy companies RWE and Kellas Midstream have signed a memorandum of understanding (MoU) to explore the potential for large-scale green hydrogen production in Teesside, UK. RWE said the hydrogen production site will be located close to emerging hydrogen infrastructure and will leverage each of the

about 3 years ago
Excelerate Energy purchases FSRU Sequoia
Business Developments & Projects

Excelerate Energy purchases FSRU Sequoia

US-based LNG player Excelerate Energy has completed the purchase of the floating storage regasification unit (FSRU) Sequoia. The FSRU was purchased for a price of $265 million from Anemoesa Marine Inc., a company incorporated under the laws of the Republic of the Marshall Islands. Last month, Excele

about 3 years ago
Illustration/Part of OPT’s products range (Courtesy of OPT)
Business Developments & Projects

OPT extends contract with US government

US-based marine energy developer Ocean Power Technologies (OPT) has secured a $500,000 extension of its contract with a US government agency for the supply of WAM-V autonomous surface vehicles.

about 3 years ago
World first as IMCA approves Fugro's ROV introductory training course
Business Developments & Projects

World’s first as IMCA approves Fugro’s ROV introductory training course

The International Marine Contractors Association (IMCA) has given approval to Fugro for its remotely operated vehicle (ROV) introductory training course. According to Fugro, this world-first endorsement ensures that only appropriately trained and competent individuals enter the ROV industry, helping

about 3 years ago
GTT sees high level of orders in Q1 2023, revenues of €80 million
Business Developments & Projects

GTT sees high level of orders in Q1 2023, revenues of €80 million

French LNG containment specialist GTT has announced its revenues for the first quarter of the 2023 financial year. It said that in Q1, it achieved revenues of €80 million and received a high level of orders, 25 LNG carriers and one FLNG. The delivery of LNG carriers is scheduled between the first qu

about 3 years ago
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