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Business Developments & Projects

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Everllence and Hyundai shake hands on next-gen ammonia-powered gas carrier
Business Developments & Projects

Everllence and Hyundai shake hands on next-gen ammonia-powered gas carrier

Germany’s engine maker Everllence (formerly MAN Energy Solutions) has initiated a strategic collaboration with Hyundai Heavy Industries Engine Division and HD Hyundai Mipo, part of the South Korean Hyundai Group, to develop a next-generation ammonia-fueled medium gas carrier.

about 1 year ago
FPSO Agogo; Source: Yinson Production
Business Developments & Projects

Yinson Production charting carbon capture course with Norwegian firm

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With the aim of forging a path toward sustainability, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has taken steps to ignite carbon capture advancement through its partnership with Carbon Circle, a Norway-based carbon capture a

about 1 year ago
$1.5 billion contract extends Saipem’s stay at largest Turkish natural gas field
Business Developments & Projects

$1.5 billion contract extends Saipem’s stay at largest Turkish natural gas field

Italy’s Saipem has secured more work at Türkiye’s largest natural gas field as part of a new offshore contract worth approximately $1.5 billion. Under the new contract awarded by Turkish Petroleum Offshore Technology Center (TP-OTC), Saipem will deliver the engineering, procurement, construction and

about 1 year ago
Marine license application filed for one of UK’s largest power projects
Business Developments & Projects

Marine license application filed for one of UK’s largest power projects

SSEN Transmission has submitted a marine license application for the Scottish marine elements of the Eastern Green Link 3 (EGL3) project between Scotland and England, set to become one of the biggest electricity transmission projects in the UK. The application, submitted to the Marine Directorate –

about 1 year ago
FuelEU Maritime pooling is no silver bullet, ZERO44 warns
Business Developments & Projects

FuelEU Maritime pooling is no silver bullet, ZERO44 warns

While often presented as the simplest solution to meet the requirements of the FuelEU Maritime regulation, pooling can become a long-term cost trap for shipowners, Berlin-based platform ZERO44 warned in its new whitepaper.

about 1 year ago
Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New Energies
Business Developments & Projects

Wison pools resources with Siemens Energy on FLNG and FPSO projects

China-based provider of clean energy services Wison New Energies (WNE) has joined forces with Siemens Energy to embark on a new chapter of cooperation in sustainable offshore energy development, primarily within floating liquefied natural gas (FLNG) and floating production, storage, and offloading (

about 1 year ago
Two docked vessels
Business Developments & Projects

Shell deal opens second US LNG channel for Italian firm

Italian utility company Edison has signed an agreement with Shell International Trading Middle East, the UAE-based subsidiary of the U.K.-headquartered energy giant Shell, for the sale and purchase of liquefied natural gas (LNG).

about 1 year ago
ammonia cracker
Business Developments & Projects

LR greenlights floating ammonia cracker unit

A consortium of companies has received approval in principle (AiP) from the UK’s class society Lloyd’s Register for a floating ammonia cracker unit (FACU).

about 1 year ago
Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania
Business Developments & Projects

Hynfra signs agreement for $1.5 billion green ammonia project in Mauritania

Polish energy company Hynfra has signed a framework agreement with the Government of Mauritania for a $1.5 billion green ammonia project in Nouakchott.

about 1 year ago
Dutch survey company settles in France to better serve local projects
Business Developments & Projects

Dutch survey company settles in France to better serve local projects

Amsterdam-headquartered Deep, which specializes in hydrography, marine geophysics, UXO surveys and precise marine positioning, is strengthening its presence in France by opening a local entity to serve French clients and projects more efficiently. Set to start operating this month, Deep Atlantique w

about 1 year ago
Blykalla
Business Developments & Projects

ABB, Blykalla team up on nuclear power technology for maritime industry

Switzerland-based technology company ABB has signed a memorandum of understanding (MoU) with Swedish nuclear energy company Blykalla to support and accelerate the deployment of small modular lead-cooled reactors to the maritime industry.

about 1 year ago
Wärtsilä to deliver electric propulsion system for Molslinjen’s new high-speed ferries
Business Developments & Projects

Wärtsilä to deliver electric propulsion system for Molslinjen’s new high-speed ferries

Finland-based technology major Wärtsilä has clinched a contract to supply a fully integrated electric propulsion system with waterjets for a pair of new high-speed catamaran ferries being built for Danish ferry operator Molslinjen. As informed, Wärtsilä is set to provide the integrated propulsion sy

about 1 year ago
Illustration/CETO wave energy array
Business Developments & Projects

EU-backed project to advance wave energy farms sets start date

The EU has awarded €4 million under Horizon Europe to the Control-Oriented Innovations for future wave energy farms (COIN) project, which is set to start on November 1, 2025. Coordinated by Technische Universitaet Braunschweig in Germany, the four-year initiative aims to bring ocean energy technolo

about 1 year ago
FPSO Jotun; Source: Vår Energi
Business Developments & Projects

Vår Energi optimistic about production targets as North Sea FPSO ramps up

Norwegian upstream oil and gas player Vår Energi has achieved peak production at its floating production storage and offloading (FPSO) unit working at a field in the North Sea off Norway.

about 1 year ago