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Business Developments & Projects

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Vessel illustration
Business Developments & Projects

DOF’s new offshore support vessel starts taking shape in Poland

Poland’s CRIST has held the keel laying ceremony for an offshore support vessel (OSV) it is building for Norwegian vessel owner DOF Group.

about 1 year ago
Malaysian company looking to bypass global vessel shortage with new cable layer
Business Developments & Projects

Malaysian company looking to bypass global vessel shortage with new cable layer

A Malaysia-headquartered provider of marine services to the offshore oil & gas industry has made a move that brings it a step closer to the construction of a multi-purpose cable laying vessel (CLV). Megamas Resources has signed a letter of intent (LoI) with German shipyard Lloyd Werft Bremerhaven to

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about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business Developments & Projects

NSTA and Crown Estate Scotland to team up on North Sea energy, carbon storage

The UK’s North Sea Transition Authority (NSTA) and Crown Estate Scotland (CES) have signed a Statement of Intent (SoI) to coordinate efforts around energy and carbon storage in the North Sea. According to NSTA, the agreement outlines shared priorities, including enabling co-location of technologies,

about 1 year ago
An offshore platform with a vessel next to it
Business Developments & Projects

10 companies shortlisted to vie for Denmark’s C02 storage funding

The Danish Energy Agency has prequalified ten companies eligible to submit proposals for funding available under its carbon capture and storage (CCS) initiative aimed at helping the country reach its climate goals.

about 1 year ago
Baltica 9 PGE Baltica
Business Developments & Projects

Polish companies ink survey contracts for Baltica 9 offshore wind farm

PGE Baltica has signed a contract with a consortium of Polish companies to carry out a specialist geophysical survey of the Baltic Sea seabed for the Baltica 9 offshore wind farm. The two companies that will perform the survey of the Baltic Sea seabed for the presence of unexploded ordnance and shal

about 1 year ago
FSRU Alexandroupolis; Source: Gastrade
Business Developments & Projects

Greece’s FSRU going back to regasification work in August

A floating storage and regasification unit (FSRU) is months away from returning to regasification duty.

about 1 year ago
Hapag-Lloyd welcomes another ‘Hamburg Express’ class containership to its fleet
Business Developments & Projects

Hapag-Lloyd welcomes another ‘Hamburg Express’ class containership to its fleet

German container shipping major Hapag-Lloyd has added the eleventh ‘Hamburg Express’ class containership to its fleet.

about 1 year ago
A.P. Moller Holding
Business Developments & Projects

A.P. Moller Holding now owns 93.4% stake in Svitzer

Danish investment company A.P. Moller Holding has completed its voluntary recommended purchase offer for the issued shares in compatriot towage services provider Svitzer.

about 1 year ago
Swiss set up firm with Timor-Leste to develop 250-kilometer natural gas pipeline
Business Developments & Projects

Swiss set up firm with Timor-Leste govt to develop 250-kilometer natural gas pipeline

Switzerland-based StreamTec Solutions has signed a cooperation agreement with Timor-Leste’s national oil & gas company Timor Gás & Petróleo, E.P. (TIMOR GAP) and the Ministry of Petroleum and Mineral Resources (MPRM) to establish a company that will develop an underwater pipeline highway for the tra

about 1 year ago
Appraisal well was drilled by COSL Prospector rig; Source: COSL
Business Developments & Projects

All systems go for Equinor’s drilling ops with COSL rig next month

Equinor has secured a drilling permit for an exploration well in the Barents Sea off the coast of Norway, which will be drilled next month with COSL Drilling Europe’s semi-submersible rig.

about 1 year ago
An LNG terminal on an island
Business Developments & Projects

Greek LNG terminal upgrade targets emissions-free ops

Greece’s gas grid operator DESFA has updated the liquefied natural gas (LNG) terminal it operates in the country to boost its sustainability.

about 1 year ago
Two docked vessels
Business Developments & Projects

Italy’s Edison welcomes inaugural LNG cargo from Louisiana plant

Italian utility company Edison has welcomed its first liquefied natural gas (LNG) shipment hailing from the export facility in Cameron Parish, Louisiana, operated by U.S.-based LNG export project developer Venture Global.

about 1 year ago
DEME acquires stake in German offshore wind drilling company
Business Developments & Projects

DEME acquires stake in German offshore wind drilling company

DEME Group has acquired a 50% stake in Germany-based Bauer Offshore Technology, which provides drilling services for the construction of offshore wind foundations. DEME Group’s wholly owned subsidiary DEME Offshore Holding acquired a stake in the Schobenhausen-based company. Bauer Offshore Technolog

about 1 year ago
Danish wave energy technology company Exowave is entering a crucial phase in developing its wave energy technology. The power take-off (PTO) system is set for wet testing in the coming weeks.
Business Developments & Projects

Exowave completes factory acceptance test of its wave energy system (Video)

Danish wave energy technology company Exowave has completed the factory acceptance test (FAT) of its wave energy converter (WEC) power take-off (PTO) system, marking a step forward in its roadmap to deliver megawatt-scale wave energy plants in the Danish North Sea by 2030. The test was independently

about 1 year ago