Business Developments & Projects
Ingine eyes global expansion through international projects in 2022
South Korean wave energy developer Ingine is preparing for its tenth anniversary with intentions for further global expansion and new projects to accelerate commercialisation as part of the growth plans for 2022.
Shell and GTT team up for LH2 carrier innovation
Energy giant Shell and containment specialist GTT will work together to develop innovative technologies to enable the transportation of liquid hydrogen (LH2), including a preliminary LH2 carrier design.
UK exploring shore power in ports to speed up green shipping
On 7 February, the UK government launched a call for evidence to gather information on the costs, benefits, vessel emissions and options for increasing the use of shore power in the UK.
Petrobras taps Shearwater for geophysical processing software
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, mu
FPS joins Flagships to expand green hydrogen-fueled fleet
Future Proof Shipping (FPS) has joined European innovation project Flagships to bring the FPS Waal, a hydrogen-fueled inland container vessel, to Europe.
Energy Observer unveils zero-emission, LH2-powered cargo ship concept
French project Energy Observer is launching a design of a multipurpose cargo ship fuelled by liquid hydrogen, a technology that allows zero-emission navigation, while offering very high transport capacities and autonomy.
ADC Energy’s third Asia-Pacific deal in 2022 spurs hopes for further growth
ADC Energy has inked its third contract for rig inspection services in Asia-Pacific, paving the way for further growth in the region.
MOL, Petronas team up for LCO2 transportation
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with Malaysian energy company Petronas to study liquefied CO2 (LCO2) transportation for carbon capture, utilisation and storage (CCUS) value chain.
USV-based offshore wind inspection solution gets $3 million boost
Canada’s Ocean Supercluster is allocating around $3 million for a project to develop an uncrewed surface vessel (USV) based subsea inspection solution for offshore wind farms. With a total project value of nearly $6.7 million, the Autonomous Remote Offshore Wind Inspection, Navigation and Deployment
North Sea ERRV specialist brings in 10th newbuild vessel
Sentinel Marine has taken delivery of the tenth newbuild vessel in its fleet, which is expected to feature12 ERRVs by year-end.
Seadrill rig wraps up drilling ops on deepwater Gulf of Mexico well
A Seadrill-owned drillship has completed drilling operations on a well located in the deepwater Gulf of Mexico.
Bawat finds JV partners for Freedom Ballast in the US
Danish ballast water management specialist Bawat, the US venture builder Green Swan Partners, and the US ballast water reception company Monstrant Viam have formed a joint venture company in Pittsburgh, Pennsylvania.
KR’s guidance for underwater radiated noise to protect marine ecosystems
South Korean classification society Korean Register (KR) has developed new “Guidance for Underwater Radiated Noise” to help protect marine ecosystems by reducing noise from ships.
Saipem overhauls management team amid rating downgrade and default risk
Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 and placed all the ratings under review for downgrade.