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Business Developments & Projects

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Business Developments & Projects

Nigerian oil & gas firm orders two new UK-made remotely operated vehicles

UK’s Forum Energy Technologies (FET) has secured an order from Nigerian oil & gas company Marine Platforms (MPL) for the delivery of two of its new generation work-class remotely operated vehicles (WROVs). The contract secured by FET’s Subsea product line marks the first sale of the XLX EVO III, whi

about 11 months ago

Business Developments & Projects

HelioRec seeks partners to boost global floating solar presence

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French floating solar company HelioRec is looking to strengthen its global footprint by partnering with distributors and commercial representatives for its floating solar systems. According to the company, its patented technology is designed for lakes and nearshore areas, providing a “reliable and c

about 11 months ago

Åsgard B platform; Credit: Gudmund Nymoen/Equinor

Business Developments & Projects

Major modifications at Norway’s offshore oil & gas field are a go

Norwegian state-owned energy giant Equinor has received the blessing from the country’s authorities for the subsea tie-back in the Norwegian Sea to up the hydrocarbon production ante at its field off the coast of Norway.

about 11 months ago

Business Developments & Projects

CMA CGM strengthens LNG-powered fleet with latest newbuild

French shipping colossal CMA CGM has marked the delivery of its newest container vessel powered by liquefied natural gas (LNG) as complete. As disclosed in a social media post, the CMA CGM Syracuse’s formal entrance to the Marseille-based maritime transport company’s fleet was officiated in South Ko

about 11 months ago

Business Developments & Projects

TGS wins new contracts in Gulf of America and Africa

Norwegian energy data and intelligence company TGS has secured two new acquisition contracts, one in the Gulf of America (Gulf of Mexico) and another in Africa, both expected to start by the end of the year. TGS has been awarded an ocean bottom node (OBN) acquisition contract in the Gulf of America

about 11 months ago

Platinum Explorer; Source: Vantage Drilling

Business Developments & Projects

Sanctions send ripples through offshore drilling realm as Vantage’s rig deal dissolves

A drilling assignment for a 15-year-old drillship from a rig fleet operated by Vantage Drilling International, a Bermuda-exempted offshore drilling contractor, has been axed amid imposed sanctions.

about 11 months ago

Business Developments & Projects

Liquid Wind set to commercialize FlagshipTHREE e-fuel facility

Swedish e-fuel plant developer Liquid Wind has reached a new milestone in the development of its large-scale facility in Umeå, FlagshipTHREE, having finalized agreements for its commercialization.

about 11 months ago

Business Developments & Projects

North Sea field closing 56-year gas chapter as Eni explores its CCS future

Italy’s oil and gas giant Eni has drilled an appraisal well for a veteran field in the UK sector of the North Sea to assess its potential for carbon capture and storage (CCS).

about 11 months ago

Business Developments & Projects

Dry testing milestone brings Symphony’s wave tech closer to sea

The Netherlands-based tidal and wave energy developer Symphony Wave Power has completed dry tests of its wave energy unit, marking a milestone in the company’s path toward offshore deployment in 2026. “What started as engineering on paper is now in motion, literally! These dry-tests mark a major mil

about 11 months ago

Business Developments & Projects

McDermott finishes debut subsea project in Angola for TotalEnergies

U.S. offshore engineering and construction firm McDermott has delivered its first subsea project in Angola, as part of which it worked for TotalEnergies on the Begonia field development. McDermott announced on October 16 the completion of engineering, procurement, construction, installation (EPCI),

about 11 months ago

Business Developments & Projects

Yang Ming’s Kuang Ming to enrich fleet with 4 eco-friendly Handymaxes

Taiwanese shipping company Yang Ming Marine Transport Corporation has revealed plans to order four new fuel-efficient Handymax bulk carriers.

about 11 months ago

Business Developments & Projects

Singapore gives conditional approval for renewable energy import from Sarawak

The Energy Market Authority of Singapore (EMA) has given its conditional approval for the import of renewable energy from Sarawak in Malaysia to Singapore through subsea cables spanning over 700 kilometers. Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries, and Sarawak Energy Berh

about 11 months ago

Business Developments & Projects

Beihai Shipbuilding pushes ahead with CMB.TECH’s ammonia bulker fleet

Qingdao Beihai Shipbuilding Heavy Industry (BSIC), an arm of China State Shipbuilding Corporation (CSSC), has marked new construction milestones for four future-proof vessels being built for Belgium-based shipowner CMB.TECH. As announced by CSSC in a statement on October 16, Beihai Shipbuilding has

about 11 months ago

Business Developments & Projects

Stena Line’s newest methanol-ready hybrid ferry gears up for maiden voyage

Swedish ferry company Stena Line has held a naming ceremony for its newest methanol-ready NewMax hybrid vessel, Stena Connecta, ahead of its maiden voyage.

about 11 months ago