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Business Developments & Projects

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Business Developments & Projects

Michelin’s wing technology to boost fuel efficiency up to 20pct

French tire manufacturer Michelin has launched the Wing Sail Mobility (WISAMO) project featuring inflatable wing sail system designed to boost the decarbonization of shipping.

about 5 years ago

Business Developments & Projects

Prosafe strikes a deal with lenders over restructuring plan

Following an agreement with lenders, Prosafe expects to reduce its debt significantly and improve the balance sheet and financial flexibility.

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about 5 years ago

Business Developments & Projects

Exemption decision for German LNG Terminal approved by EU

The European Commission has approved the exemption decision for the German LNG Terminal, related to an annual capacity of 8 billion cubic metres.

about 5 years ago

Photo showing Mocean Energy’s Blue X wave energy prototype, one of the projects supported in earlier Ocean DEMO calls (Courtesy of Mocean Energy)

Business Developments & Projects

Ocean DEMO launches 4th call for marine renewable energy developers

The EU-funded Ocean DEMO project has opened its fourth call for applications for companies looking to get free access to test their ocean energy products and services in real sea environments at one of the test sites across Europe.

about 5 years ago

Business Developments & Projects

Newport’s LNG system gains class approval for green future

UK’s ship management company Newport Shipping’s LNG fuel tank system for crude tankers and bulkers has gained class approval to facilitate retrofits in line with new environmental requirements.

about 5 years ago

Business Developments & Projects

Nord Stream 2 hits home stretch with 100 kilometres left to go

Five years after the start of construction, the Nord Stream 2 gas pipeline under the Baltic Sea is nearly complete with just 100 kilometres left to build.

about 5 years ago

Business Developments & Projects

Shearwater kicks off second phase of North Sea seismic survey

Shearwater GeoServices has begun the second, larger phase of the Mid North Sea High (MNSH) 3D seismic survey program in the UK for ION Geophysical.

about 5 years ago

Business Developments & Projects

First Gen taps Svitzer for Philippines LNG project

FGEN LNG Corporation, a unit of First Gen Corporation, has entered into a ten-year contract with Denmark’s Svitzer for towage and vessel support services to its LNG terminal in Batangas City.

about 5 years ago

Business Developments & Projects

CHC gets extension on Neptune’s UK assets

Offshore helicopter operator CHC has been awarded a contract extension by Neptune Energy for operations in the UK North Sea.

about 5 years ago

Business Developments & Projects

Novatek, TotalEnergies strengthen Arctic LNG ties

Russa’s Novatek and TotalEnergies have strengthened their ties on the Arctic LNG projects with two new agreements.

about 5 years ago

Business Developments & Projects

Archer wraps up DeepWell acquisition

Oilfield services provider Archer has closed the acquisition of Norwegian well intervention company DeepWell.

about 5 years ago

A photo of Saipem's heavy lift vessel S3000 at sea

Business Developments & Projects

Installation work about to start on Scotland’s new offshore wind farm

Offshore installation work is set to start this month on a new offshore wind farm to be built off the Scottish coast, for which one of Saipem’s crane vessels and Prysmian’s cable laying vessels will soon mobilise. The DP2 heavy lift vessel S3000 is currently in the Port of Schiedam and will be mobil

about 5 years ago

Business Developments & Projects

Renewables powerhouse making offshore wind comeback

Europe’s largest producer of renewable energy is reviving its interest in offshore wind investments after deciding to bow out and stop investments and sell its ownership stakes in a number of wind farms in late 2015. The company actively invested in offshore wind projects until late 2015 when it dec

about 5 years ago

Screenshot of CorPower Ocean's new facility in Stockholm (Screenshot/Video by CorPower Ocean)

Business Developments & Projects

CorPower Ocean expands to bigger facility

Swedish wave energy company CorPower Ocean has expanded into new premises in southern Stockholm to support the development of its flagship HiWave-5 wave energy demonstration project.

about 5 years ago