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Business Developments & Projects

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Business Developments & Projects

Funding to accelerate ‘sea snake’ wave energy converter toward sea trials

UK’s national innovation agency Innovate UK has awarded a £750,000 (approximately €861,630) grant to a Wiltshire-based company to help advance the technology readiness and performance of its ‘sea snake’ wave energy converter (WEC) and pave the way for future sea trials at the Welsh Marine Energy Tes

about 11 months ago

Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships

Business Developments & Projects

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Evergreen’s fleet expansion proceeds with fresh $2.8B order for LNG dual-fuel ships

Taiwanese container shipping company Evergreen Marine Corporation has commissioned Chinese and South Korean shipyards to build a total of 14 LNG dual-fuel containerships in its latest fleet expansion move.

about 11 months ago

Vantage Drilling’s Tungsten Explorer drillship; Credit: Greg Williams

Business Developments & Projects

Cronos nexus unbound: Egypt and Cyprus put pen to paper for gas field development

With the aim of strengthening energy security through strategic collaboration, Egypt and Cyprus have inked multiple commercial agreements for a natural gas project, which will forge an energy bond between the two countries, enabling Cypriot gas to reach Egypt’s infrastructure.

about 11 months ago

Business Developments & Projects

‘World’s largest’ cable laying vessel launches, sea trials on schedule

Jan De Nul has launched its first XL cable-laying vessel (CLV), Fleeming Jenkin, with the final vessel construction phase now starting, including sea trials. Jan De Nul announced in October 2023 that it had placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard, followed by an order for

about 11 months ago

Business Developments & Projects

Vessev debuts new solution for ‘greater’ energy efficiency at sea

New Zealand-based electric hydrofoiling technology company Vessev has unveiled its brand-new podded electric propulsion system engineered to ‘improve’ a vessel’s overall energy efficiency. According to Vessev, the solution, which has been dubbed the VS–Drive, is a submersible motor that combines act

about 11 months ago

Business Developments & Projects

Tersan Shipyard starts building next zero-emission autonomous ferry for Fjord1

Norwegian ferry operator Fjord1 AS and Türkiye’s Tersan Shipyard have marked the beginning of the construction of another battery-powered, autonomous double-ended ferry.

about 11 months ago

Business Developments & Projects

Saipem’s rig trio rakes in millions for jobs with Eni in Africa, Mediterranean, and Far East

Saipem has boosted its offshore drilling order intake with new multimillion-dollar contracts and extensions that are perceived to reinforce its presence in key strategic areas, such as West Africa, the Mediterranean, and the Far East. As a result, three rigs will be on drilling duty with Eni, an Ita

about 11 months ago

Business Developments & Projects

Petrobras cracks the code to turn rejection into approval: Go-ahead for drilling ops in hand

Brazil’s state-owned energy giant Petrobras has cleared the regulatory hurdle for its planned drilling activities in the Foz do Amazonas Basin, which is located in the northern offshore region of Brazil, near the mouth of the Amazon River.

about 11 months ago

Business Developments & Projects

GIZ, Neuman & Esser, and HDF Energy partner to decarbonize Indonesia’s ferry fleet

The German International Cooperation Society (GIZ) has signed a PPP agreement with Neuman & Esser South East Asia (NEA SEA) and French HDF Energy to decarbonize Indonesia’s inter-island ferries to further scale the development of the country’s green hydrogen ecosystem.

about 11 months ago

Business Developments & Projects

Fugro completes surveys for TenneT’s 2 GW grid connection projects in Germany

Fugro completed land and marine surveys for TenneT Germany’s LanWin1 and LanWin2 grid connections, which are part of the transmission system operator’s (TSO) 2 GW program. The LanWin2 cable route required a range of onshore and nearshore investigation activities to support project development. Fugro

about 11 months ago

Business Developments & Projects

BP corroborates preliminary results of Rhino’s gas condensate discovery in Namibian waters

BP has backed the disclosed findings related to a recent gas condensate discovery, which Rhino Resources, an African energy exploration player, made off the coast of Namibia, with a semi-submersible rig, owned by Northern Ocean (NOL) and managed by Odfjell Drilling.

about 11 months ago

Business Developments & Projects

Swedish tidal energy developer sees South Korea as ‘highly attractive market’

Swedish tidal energy developer Minesto has taken part in a high-level delegation visit to South Korea, a country that the company finds highly attractive due to its “extensive tidal and ocean current resources”. Minesto CEO Martin Edlund was part of a Swedish high-level delegation to South Korea aim

about 11 months ago

Transocean Equinox, former Songa Equinox; Credit: ALP Maritime

Business Developments & Projects

Transocean rig drawing Beach Energy’s first chapter of Australian drilling campaign to a close

Beach Energy is edging closer to the end of the first phase of its drilling program in Australian waters, which is being conducted by a rig owned by Transocean, an offshore drilling giant.

about 11 months ago

Business Developments & Projects

MSC Cruises marks back-to-back shore power connections in Malta

The cruise division of the Switzerland-based shipping heavyweight Mediterranean Shipping Company (MSC) has marked another decarbonization target as complete, having connected two of its vessels to shore power in Valetta, Malta. According to the company’s officials, the MSC World Europa—the maritime

about 11 months ago