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Business Developments & Projects

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Damen
Business Developments & Projects

Germany funds Reederei Bernd Sibum’s green newbuilds

Germany’s Reederei Bernd Sibum has received funding from the German government to make its ships, which are being built by Dutch shipbuilder Damen, even more sustainable.

about 1 year ago
TGS' technology chosen to advance digitalization of Northern Light's operations
Business Developments & Projects

TGS’ technology chosen to advance digitalization of Northern Light’s operations

Norwegian state-owned energy company Equinor has entered into an agreement with compatriot energy data and intelligence company TGS to advance the digitalization of carbon capture and storage (CCS) operations under which TGS’ technology will be integrated into the Northern Lights CO2 transport and s

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about 1 year ago
Scott Duguid, MD of eGroup; Courtesy of eGroup
Business Developments & Projects

UK player ups headcount ante with contract wins encapsulating ‘high-profile’ oil & gas assets

Aberdeenshire-based surface preparation specialist, eBlast, part of the eGroup, has tucked multiple new energy sector assignments under its belt, including work on oil and gas operators’ projects in the UK and abroad.

about 1 year ago
Construction of Fratelli Cosulich’s methanol-ready bunker tankers in full swing
Business Developments & Projects

Construction of Fratelli Cosulich’s methanol-ready bunker tankers in full swing

Construction of Lucia Cosulich, the second methanol-ready IMO II bunker tanker for Italy’s maritime transportation group Fratelli Cosulich, has begun at Taizhou Maple Leaf Shipyard in China.

about 1 year ago
CP2 LNG; Source: Venture Global
Business Developments & Projects

Venture Global secures top spot in Germany’s LNG market with expanded SEFE deal

Germany’s Securing Energy for Europe (SEFE) has finalized an agreement with U.S. energy player Venture Global to purchase an additional quantity of liquefied natural gas (LNG) from a project the latter is developing in Louisiana, United States.

about 1 year ago
Minesto receives funding for next-generation mooring system
Business Developments & Projects

Minesto slashes costs, closes Wales office in major reorganization

Swedish tidal energy developer Minesto has finalized a reorganization process aimed at aligning the business for commercial rollout and reducing fixed costs. The changes include geographic consolidation, a trimmed management structure, and tighter product development integration. The company reports

about 1 year ago
Argeo halts bankruptcy plans as industry player shows interest
Business Developments & Projects

Bankruptcy plans halted as industrial player takes an interest in Argeo

Norway’s subsea services provider Argeo has postponed its decision to file for bankruptcy after receiving an indication of interest from an industrial player. It was reported on July 7 that Argeo and its Norwegian subsidiaries Argeo Survey, Argeo Robotics and Argeo Multiclient had resolved to file f

about 1 year ago
Norwegian Ambassador Anniken Huitfeldt and U.S. Secretary of Energy Chris Wright.
Business Developments & Projects

Norway and US renew hydropower and marine energy research pact

Norway and the U.S. have signed a renewed memorandum of understanding (MoU) covering hydropower and marine energy research, continuing an energy research collaboration that began in 2020. According to the Norwegian Ministry of Energy, the cooperation targets flexible power delivery from hydropower,

about 1 year ago
COSL Innovator rig; Source: COSL
Business Developments & Projects

COSL rig cleared to spud North Sea wildcat pair next month

Equinor has secured a drilling permit for two exploration wells in the Norwegian sector of the North Sea, which will be drilled with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 1 year ago
biofuels
Business Developments & Projects

Syroco boards Armateurs de France to further back maritime decarbonization

Syroco, a French climate tech startup delivering performance and voyage optimization solutions to the maritime industry, has become the latest member of the country’s shipowner association, Armateurs de France. As disclosed, as part of Armateurs de France, Syroco plans to contribute to the organizat

about 1 year ago
Damen signs contract with South Korea’s Starline for delivery of new fast ferry
Business Developments & Projects

Damen signs contract with South Korea’s Starline for delivery of new fast ferry

Dutch shipbuilding major Damen Shipyards Group has signed a contract with South Korea’s Starline for the delivery of a new Damen Fast Ferry 4212.

about 1 year ago
Celsius Gandhinagar LNG vessel at sea
Business Developments & Projects

Swiss player marks LNG milestones with delivery in Germany and supply role in Egypt

Geneva-headquartered energy and commodity trading company BGN has recorded two events it deems important in the liquefied natural gas (LNG) segment – a cargo delivery in Germany and a supply contract in Egypt.

about 1 year ago
Keel laid for Rem Offshore’s second methanol-ready energy subsea construction vessel
Business Developments & Projects

Keel laid for Rem Offshore’s second methanol-ready energy subsea construction vessel

Norwegian shipping company Rem Offshore has held the keel-laying ceremony for its second energy subsea construction vessel (ESCV), being built at a shipyard in Vietnam. REM Ocean, for which the steel-cutting ceremony was held in February, will once delivered from Myklebust Verft in 2027 begin operat

about 1 year ago
Tekmar receives order for Middle Eastern pipeline project
Business Developments & Projects

Tekmar receives order for pipeline project in Middle East, seen as key market

UK-headquartered Tekmar Group has secured a contract under which it shall supply bespoke subsea infrastructure technology for a pipeline project in the Middle East. The scope covers the design and manufacture of specialist reinforced concrete support structures for a large-diameter gas pipeline, wit

about 1 year ago