Business Developments & Projects
India: 1st 100 pax hybrid electric ferry classed
Ship classification society Indian Register of Shipping (IRClass) has classed the first hybrid battery-powered catamaran built by Indian shipbuilder Cochin Shipyard.
Over 500 CRP Subsea innovative buoyancy modules hit the Gulf of Mexico water
CRP Subsea has delivered more than 500 innovative buckle mitigation rotating buoyancy modules (RBMs) to protect Gulf of Mexico flowlines. The RBMs, produced at CRP Subsea’s manufacturing facility in Skelmersdale, England, will protect the pipeline by allowing it to roll on the seabed reducing latera
COWI puts its foot down on new fossil fuel projects, welcomes offshore wind and green hydrogen
The Denmark-headquartered engineering company COWI will turn down all fossil fuel projects from now on as it aims to transform its business and reach 100 per cent revenue within sustainability-related projects in three to five years’ time. In a press release issued on 25 January, the CEO of COWI Gro
Equinor now officially opening challenging Martin Linge field
Equinor is now officially opening its operated Martin Linge field, located in the North Sea, following the production start-up last year.
Maersk shares ocean weather observations to aid climate research
Danish shipping and logistics giant A.P. Moller – Maersk is releasing all historical and future ocean weather observations into the public domain for free use by the scientific community around the globe.
Greenbacker Capital enters floating solar market
Sustainable infrastructure investor Greenbacker Capital has made an equity investment in California-based solar developer Noria Energy, marking its entry into floating solar market.
CoolCo launches $250m private placement
Bermuda-based LNG shipper Golar provides a further update on its newly-formed company CoolCo which will acquire its eight tri-fuel diesel-electric LNG carriers.
Wellesley strikes out in North Sea well
Wellesley has concluded the drilling of a wildcat well north of the Gjøa field in the northern North Sea, but the well turned out to be dry.
Greek port and Suez Canal seal business deal
Greek Port of Thessaloniki (ThPA) and the Suez Canal Economic Zone (SCZone) have signed a cooperation agreement to develop international trade and increase business activities on the sea route between Europe and Asia.
James Fisher Decommissioning rolls out
James Fisher has launched James Fisher Decommissioning (JF Decom), its new business line which will support the decommissioning needs of customers in the renewables and oil and gas markets. All current decommissioning capabilities offered by James Fisher Offshore will transfer into JF Decom to provi
Participant funding at hand for Cedar LNG project
The Impact Assessment Agency of Canada has provided funding now available to aid participation in the assessment process for the proposed Cedar LNG project at Kitimat, British Columbia.
McDermott develops new tool to estimate carbon impact of energy facilities
McDermott is launching a tool to enable the collection and reporting on the carbon footprint of energy facilities even before they are built.
Nordic partners to proceed with ammonia-fueled ammonia carrier design
The Nordic Green Ammonia-Powered Ship (NoGAPS) project has entered its second phase to produce a detailed ship design for an ammonia-fueled vessel that will also carry ammonia as a cargo.
Borr creditors sign off on deferral agreements with yards
Borr Drilling has received consent from creditors for the extension of debt maturities and delivery instalments from 2023 to 2025.