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Business Developments & Projects

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Illustration; Source: Conrad Asia Energy
Business Developments & Projects

Divestment timeline for Asian firm’s gas field stake gets bumped to year-end

Coro Duyung, a subsidiary of Coro Energy in Southeast Asia, has revised the end date for the disposal of its interest in a natural gas field in the West Natuna Sea off the coast of Indonesia, which will enable it to pivot to its renewable energy portfolio once this sale closes its fossil fuels era.

about 1 year ago
BAR Technologies
Business Developments & Projects

BAR Technologies and Union Maritime secure double approval for dual-fuel LNG tanker duo fitted with WAPS

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UK-based shipping company Union Maritime (UML) and compatriot design and engineering firm BAR Technologies have received a green light from the Marshall Islands flag for the former company’s dual-fuel liquefied natural gas (LNG) tanker duo fitted with wind propulsion systems. As disclosed, the appro

about 1 year ago
South Korean subsea cable factory breaks ground
Business Developments & Projects

South Korean subsea cable factory breaks ground

South Korean Taihan Cable & Solution has begun the construction of its second submarine cable manufacturing facility, which will once operational deliver a production capacity nearly five times greater than the company’s first submarine cable plant. The Dangjin Submarine Cable Plant 2 is located at

about 1 year ago
Ekofisk complex; Courtesy of ConocoPhillips
Business Developments & Projects

TotalEnergies offloading stakes in mature NCS fields to Vår and Orlen

France’s energy giant TotalEnergies has sold its interests in three fields offshore Norway to Vår Energi and ORLEN Upstream Norway, a subsidiary of Poland’s ORLEN.

about 1 year ago
Alotta floating solar
Business Developments & Projects

Norwegian floating solar firm lands €5.4M for global expansion

Norwegian floating solar company Alotta has raised NOK 63.5 million (around €5.4 million) to accelerate international expansion following a 15-year power purchase agreement (PPA) with Mowi Chile, the world’s largest salmon farmer. According to Alotta, the deal covers renewable power supply to Mowi’s

about 1 year ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business Developments & Projects

North Sea operator raises its stake in UK gas field

Ithaca Energy, a North Sea oil and gas operator and producer, has completed its acquisition of an additional stake in a gas field on the UK Continental Shelf (UKCS).

about 1 year ago
Prysmian preferred bidder to get €2B contract for major UK interconnector
Business Developments & Projects

Prysmian preferred bidder to get €2B contract for major UK interconnector

Great Britain’s transmission owners National Grid Electricity Transmission and SP Energy Networks have selected Italian cabling giant Prysmian as the preferred bidder for the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland

about 1 year ago
LR
Business Developments & Projects

LR joins forces with Texas firm to explore use of micro-nuclear reactors in powering ships

UK classification society Lloyd’s Register (LR) has partnered with Deployable Energy, a Houston-based nuclear technology company, to advance the safe use of micro-nuclear reactor technology to power ships.

about 1 year ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business Developments & Projects

Transocean rig two weeks away from drilling ops offshore Australia

ConocoPhillips Australia (COPA), a subsidiary of the U.S.-headquartered energy giant ConocoPhillips, has embarked on pre-lay operations before it begins its natural gas exploration activities in the Otway Basin off the coast of Australia, with a rig owned by Transocean, an offshore drilling giant.

about 1 year ago
WinGD
Business Developments & Projects

WinGD all but ready to roll out ethanol-fueled two-stroke marine engine

Swiss marine power company WinGD is geared up to unveil an ethanol-powered two-stroke engine next year, with deliveries expected to commence in 2027. According to the officials from the company, the engine is going to be applicable for both newbuildings and for retrofitting projects. As disclosed, t

about 1 year ago
Edda Freya; Source: DeepOcean
Business Developments & Projects

DeepOcean lands new job at Equinor’s two oil & gas fields in Norwegian waters

DeepOcean has won a new installation assignment at two oil and gas fields off the coast of Norway with the country’s state-owned energy giant Equinor.

about 1 year ago
Costamare Bulkers
Business Developments & Projects

Costamare Bulkers to collaborate with Cargill on dry bulk ships. Decarbonization projects included

Monaco-based dry bulk vessel owner and operator Costamare Bulkers Holdings Limited has signed a strategic cooperation agreement with Swiss freight trader Cargill International covering dry bulk vessels and decarbonization projects.

about 1 year ago
Wärtsilä has signed a ten-year lifecycle agreement with OPearl LNG Ship Management for 14 LNG carriers; Credit: OPearl LNG Ship Management
Business Developments & Projects

Another Chinese player turns to Wärtsilä: Operational reliability boost on the horizon for 14 LNG vessels

Wärtsilä has secured a multi-year lifecycle agreement for 14 liquefied natural gas (LNG) carriers with Hong Kong-based OPearl LNG Ship Management, a joint venture between China Merchant LNG, CNOOC, and NYK, which was created to serve as the ship management arm for all three shareholders.

about 1 year ago
Klaipėda Port nears completion of green hydrogen project
Business Developments & Projects

Klaipėda Port nears completion of green hydrogen project

The main component of the new hydrogen production and refueling station at the Port of Klaipėda in Lithuania – the electrolyzer – has passed factory tests in Italy, marking a key milestone in the project.

about 1 year ago