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Business Developments & Projects

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Nuclear power
Business Developments & Projects

Nuclear power for shipping: X-Press Feeders invests in Core Power

X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.

about 5 years ago
Saipem
Business Developments & Projects

Saipem in talks to buy floating offshore wind specialist

Italian offshore energy specialist Saipem has entered into exclusive negotiations with a European company to acquire its subsidiary specialising in floating wind technology. Saipem is in negotiations with France’s Naval Group to acquire its subsidiary – Naval Energies. The start of the exclusive neg

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about 5 years ago
Illustration (Courtesy of Borough of Barrow in Furness)
Business Developments & Projects

UK companies team up for bio-mimicry inspired tidal device

UK-based engineering and technical innovation specialists Rovtech Solutions and Brimstone Enterprises have signed a memorandum of understanding (MoU) to jointly develop a tidal energy system inspired by marine creatures.

about 5 years ago
Photo showing ‘Bomhofsplas’ floating solar farm in Zwolle, the Netherlands (Courtesy of BayWa r.e.)
Business Developments & Projects

First insights into floating solar show no adverse environmental impacts

German renewable energy company BayWa r.e. has informed that the initial studies carried out on a floating solar farm in Zwolle in the Netherlands showed no adverse effects to the surrounding environment.

about 5 years ago
Ardmore
Business Developments & Projects

Ardmore to boost tanker fleet efficiency with Lean Marine system

Swedish company Lean Marine has been contracted to install its propulsion optimization technology across the tanker fleet of Ardmore Shipping Corporation.

about 5 years ago
NBO delivers Skye and Harris replacement subsea cable
Business Developments & Projects

NBO delivers Skye and Harris replacement subsea cable

Ningbo Orient Cable (NBO) has delivered the 33 kV subsea cable for the SSEN Skye-Harris cable replacement project in the UK. NBO completed the production of the 38 kilometers of 33 kV submarine cable after four months of work and loaded it onto the transportation vessel. The cable will now be transp

about 5 years ago
Johan Sverdrup field
Business Developments & Projects

Offshore worker injured in serious Johan Sverdrup incident

An investigation has been launched into a serious lifting incident with a personal injury on Equinor’s Johan Sverdrup project in Norway.

about 5 years ago
GTT and Korea’s FTC – favourable decision for GTTGTT and Korea’s FTC update: favorable decision for GTT
Business Developments & Projects

GTT and Korea’s FTC update: favorable decision for GTT

The favorable decision for French LNG containment specialist GTT has been confirmed by the Seoul High Court, rejecting the appeal of the Korea Fair Trade Commission (KFTC).

about 5 years ago
Illustration/AR1500 tidal turbine (Courtesy of Simec Atlantis)
Business Developments & Projects

Simec Atlantis’ main shareholder under administration threat

UK-based tidal energy developer Simec Atlantis Energy has warned of an alleged appointment of administrators to one of its main shareholders which owns 43% stake in the company.

about 5 years ago
AqualisBraemar LOC gets on board two wave energy projects
Business Developments & Projects

AqualisBraemar LOC gets on board two wave energy projects

AqualisBraemar LOC has joined two wave energy projects, which have been awarded UKRI Engineering and Physical Science Research Council (EPSRC) grants of a combined value of over GBP 2 million.

about 5 years ago
OMV Petrom
Business Developments & Projects

OMV Petrom turns to Black Sea following Kazakhstan exit

Romanian oil and gas company OMV Petrom has closed the sale of its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.

about 5 years ago
A photo of Avedøre Power Station where H2RES will be located
Business Developments & Projects

Construction starts on Ørsted’s first green hydrogen project

Ørsted has started construction of the 2 MW H2RES offshore wind-to-hydrogen project in Denmark, for which the company reached a final investment decision (FID) in January. With a groundbreaking ceremony held on 17 May and led by Dan Jørgensen, the Danish minister for Climate, Energy & Utilities, Ørs

about 5 years ago
TRADE WINGS 2,500
Business Developments & Projects

Wind-assisted, LNG-electric containership Trade Wings 2,500 wins BV’s AiP

The 2,500 TEU vessel, which has been designed jointly by VPLP Design, Alwena Shipping, SDARI and AYRO, received an Approval in Principle (AiP) from the classification society Bureau Veritas.

about 5 years ago
Illustration (Courtesy of NGI)
Business Developments & Projects

Norwegian partners develop automatic wave model for floating solar installations

Norwegian Geotechnical Institute (NGI) and Glint Solar have developed a technology that automatically estimates wave conditions and wind directions for floating solar installations.

about 5 years ago