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Business Developments & Projects

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Illustration; Source: SLB
Business Developments & Projects

Quest to boost oil production sets SLB and Stimwell up for five more years with Aker BP

Aker BP has decided to prolong its alliance agreement with SLB and Stimwell Services in a bid to speed up and increase oil production by keeping the Well Intervention and Stimulation Alliance busy for five more years.

about 1 year ago
BASF
Business Developments & Projects

BASF to supply gas treatment solution for Forestal’s Triskelion project

Spanish shipping and chemicals company Forestal del Atlántico and Germany’s chemical manufacturing player BASF have inked an early disclosure agreement (EDA) with the goal of accelerating the production of e-methanol (eMeOH) through carbon capture solutions. Under the terms of the agreement, BASF is

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about 1 year ago
Kriegers Flak offshore wind farm in the Danish Baltic Sea
Business Developments & Projects

DeepOcean inks subsea cable O&M agreements with Vattenfall

DeepOcean has been awarded framework agreements by Vattenfall for the provision of subsea cable operations and maintenance (O&M) services, now valid for Vattenfall’s operational European offshore wind portfolio. The framework agreements are valid for a period of four years and apply to Vattenfall’s

about 1 year ago
Brunsbüttel LNG terminal; Source: RWE
Business Developments & Projects

Germany on energy security mission: Worley to breathe life into LNG terminal’s next chapter

Worley has been tasked with bringing the next phase of a liquefied natural gas (LNG) terminal in Germany to life, thanks to a deal with Deutsche Energy Terminal (DET), part of the German Federal Ministry for Economic Affairs and Climate Action and a state-owned operator of four terminals.

about 1 year ago
Balmoral Comtec has invested £1 million (approximately $1.3M) in a new Wave and Current Simulation Facility at Balmoral Business Park in Aberdeen.
Business Developments & Projects

Balmoral Comtec invests $1.3M in wave and current simulation facility

Balmoral Comtec, part of Balmoral Group, has invested £1 million (approximately $1.3M) in a new wave and current simulation facility at Balmoral Business Park in Aberdeen. According to Balmoral Comtec, the facility is designed to simulate surface, subsea, and seabed conditions for testing offshore

about 1 year ago
Geophysical survey to start at 2 GW Scottish offshore wind farm site
Business Developments & Projects

Geophysical survey to start at 2 GW Scottish offshore wind farm site

A geophysical survey is scheduled to commence this month at the site in Scotland where ScottishPower Renewables plans to build its 2 GW MachairWind offshore wind project. The geophysical survey will be carried out by Sulmara from the Port of Larne with an earliest commencement date of April 15, acco

about 1 year ago
Kongsberg Maritime to equip DOF’s next-gen offshore support vessel
Business Developments & Projects

Kongsberg Maritime to equip DOF’s next-gen offshore support vessel

Kongsberg Maritime has secured a contract to deliver an integrated package of equipment for a new offshore support vessel (OSV) that Polish shipbuilder CRIST S.A. is constructing for Norwegian vessel owner DOF Group. Designed by MMC Ship Design, the 110-meter long DP3 ice-class vessel named Sea Drag

about 1 year ago
CorPower Ocean has entered a development agreement with UK-based industrial technology company Equipmake to advance its wave energy technology
Business Developments & Projects

CorPower Ocean taps Equipmake for wave energy system upgrade

Swedish wave energy developer CorPower Ocean has signed a development agreement with UK-based industrial technology company Equipmake to advance its wave energy technology with a custom generator and silicon carbide (SiC) inverter system. According to CorPower Ocean, the collaboration marks the init

about 1 year ago
Construction of Fratelli Cosulich’s first methanol-ready bunker tanker begins in China
Business Developments & Projects

Construction of Fratelli Cosulich’s first methanol-ready bunker tanker begins in China

Fratelli Cosulich marked the beginning of the construction of its first methanol-ready IMO II bunker tanker, Anna Cosulich, at Taizhou Maple Leaf Shipyard in China.

about 1 year ago
A.P. Moller Holding wants to take Svitzer private again
Business Developments & Projects

A.P. Moller Holding wants to take Svitzer private again

Danish investment company A.P. Moller Holding, the largest shareholder in towage services provider Svitzer, has decided to buy out all of the latter’s shares, moving it from a public company to a private one. A.P. Moller Holding has, through its wholly owned subsidiary APMH Invest, unveiled a recomm

about 1 year ago
An offshore platform
Business Developments & Projects

UK firm broadens US presence with deepwater assets buy

London-based INEOS Energy has completed the acquisition of the U.S. Gulf business previously held by CNOOC Energy Holdings U.S.A. Inc., a U.S. subsidiary of China National Offshore Oil Corporation (CNOOC) International. According to INEOS Energy, the deal increases its production globally to over 90

about 1 year ago
SRC looking to expand global reach with new partner on board
Business Developments & Projects

SRC looking to expand global reach with new partner on board

Marine and offshore solutions provider SRC Group has formed a partnership with Singapore-based engineering company SLR Synergies to expand its global footprint.

about 1 year ago
Stena Line
Business Developments & Projects

A sneak peek at tomorrow’s vessels: Stena Line presents wind-powered, hybrid RoRo concept

Swedish ferry company Stena Line has unveiled a new wind-powered hybrid, several fuels-capable vessel concept that can reduce energy usage by 20 percent or more.

about 1 year ago
An offshore platform
Business Developments & Projects

Petrofac’s year off to a ‘great’ start with $500M worth of contracts in the bag

The Asset Solutions division of the UK-headquartered oilfield services provider Petrofac has won multiple scope expansion and new contracts across several continents.

about 1 year ago