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Business Developments & Projects

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Methanol-ready hybrid Stena Futura en route to Belfast
Business Developments & Projects

Methanol-ready hybrid Stena Futura en route to Belfast

Ferry operator Stena Line is gearing up to welcome its first methanol-ready NewMax hybrid ship, which has commenced its journey to Belfast.

about 1 year ago
Repsol backs Stargate Hydrogen’s global electrolyzer scale-up
Business Developments & Projects

Repsol backs Stargate Hydrogen’s global electrolyzer scale-up

Stargate Hydrogen has entered into an alliance with Repsol through a transaction in which Repsol’s corporate venture arm acquired a minority stake in Stargate to support its international growth, manufacturing scale-up, and technology development.

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about 1 year ago
Giovanni Ranieri, CEO of NextGeo
Business Developments & Projects

NextGeo signs five-year offshore geoscience deal with TotalEnergies

Italy-headquartered marine geosciences and offshore construction support services provider Next Geosolutions (NextGeo) has signed a five-year framework agreement with French multi-energy major TotalEnergies for the provision of offshore investigation services. According to NextGeo, the non-exclusive

about 1 year ago
An offshore platform
Business Developments & Projects

Natural gas deal opens new energy corridor between Azerbaijan and Ukraine

Ukraine’s state-owned energy company Naftogaz Group has signed an agreement with the Ukrainian subsidiary of the State Oil Company of the Republic of Azerbaijan (SOCAR) for the purchase of natural gas.

about 1 year ago
Wärtsilä
Business Developments & Projects

Green hands on deck: Wärtsilä technology anchors Malaysia’s push for future-ready seafarers

A brand-new simulation suite supplied by Finnish technology group Wärtsilä for the Akademi Laut Malaysia (ALAM) maritime training institute has officially been inaugurated, seeking to foster a new generation of “highly skilled and proficient” seafaring professionals. The integration of Wärtsilä’s te

about 1 year ago
FPSO Norne; Source: Equinor
Business Developments & Projects

North Sea swap deal expands Aker BP’s oil & gas portfolio

Aker BP has made arrangements with JAPEX Norge, a Norwegian subsidiary of Japan Petroleum Exploration (JAPEX), to trade partial interests in two fields for the Japanese player’s Northern North Sea assets.

about 1 year ago
Saipem collects $900 million in new contracts
Business Developments & Projects

Saipem wraps up pipeline installation for Equinor’s Irpa field (Video)

The pipelaying vessel Castorone, operated by Italian oilfield services provider Saipem, has completed the installation of an approximately 80-kilometer pipeline linking the Aasta Hansteen platform to Equinor’s new subsea tieback field, Irpa, formerly known as Asterix. The Irpa field, located at a de

about 1 year ago
Carnegie CEO Jonathan Fiévez pictured with BiMEP Technical Director Yago Torre-Enciso
Business Developments & Projects

MoU signed for 6 MW wave energy array in Spain

Australian wave energy developer Carnegie Clean Energy has signed a memorandum of understanding (MOU) with the Biscay Marine Energy Platform (BiMEP) and commenced the development of a 6 MW wave energy array in Spain’s Basque Country. The proposed project would consist of six 1 MW commercial-scale CE

about 1 year ago
Shelf Drilling Fortress jack-up rig; Source: Shelf Drilling
Business Developments & Projects

Shelf Drilling fleet staying busy with new UK contract and Egypt extension

UAE-headquartered offshore drilling contractor Shelf Drilling has secured one new contract and one extension for two vessels from its fleet.

about 1 year ago
Valaris DS-15 drillship; Source: Valaris
Business Developments & Projects

Billion-dollar rig jobs raise Valaris’ backlog to $4.7B

Valaris has won a new batch of rig assignments and extensions, enabling three drillships and three jack-ups to secure work in different geographies.

about 1 year ago
UK
Business Developments & Projects

UK chooses winners of Clean Maritime Demonstration Competition 6

The UK government has allocated a £30 million (about €34.4 million) funding to decarbonize shipping and power up local economies.

about 1 year ago
llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)
Business Developments & Projects

‘Double-edged sword for marine energy sector’: UK releases Allocation Round 7 notices

The UK’s Department for Energy Security and Net Zero has issued the statutory notices for Allocation Round 7 (AR7) and Allocation Round 7a (AR7a) on July 23, 2025, confirming changes to pricing and contract structure under the Contracts for Difference (CfD) scheme. For the first time, separate indic

about 1 year ago
North Falls survey
Business Developments & Projects

Survey to soon start at SSE and RWE’s North Falls offshore wind farm site

Geotechnical survey work will soon commence along the North Falls export cable route and wind turbine array area in the southern North Sea. Mobilisation will commence on August 3, with the survey lasting approximately two months. The planned survey is expected to conclude no later than September 30,

about 1 year ago
Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam
Business Developments & Projects

Air Liquide reaches FID on 200 MW electrolyzer project at Port of Rotterdam

Air Liquide has taken the final investment decision (FID) to launch the construction of ELYgator, a 200 MW electrolyzer project in Maasvlakte, at the Port of Rotterdam, the Netherlands.

about 1 year ago