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Business Developments & Projects

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Illustration; Source: Offshore Energies UK (OEUK)
Business Developments & Projects

‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put

With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty surrounding

about 1 year ago
Subsea7 and Solstad vessel to reach 20 years of collaboration as new contract comes in
Business Developments & Projects
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Subsea7 and Solstad vessel to reach 20 years of collaboration as new contract comes in

A subsea vessel owned by Norwegian shipping company Solstad Offshore has secured another contract with Subsea7, extending its work for the company for another two years, potentially longer. Normand Subsea, a versatile inspection, maintenance, and repair (IMR) vessel, has been on contract with Subsea

about 1 year ago
Ricardo
Business Developments & Projects

Ricardo comes onboard Australian Hydrogen Council

Ricardo, a UK-based environmental and engineering consulting company, has joined the Australian Hydrogen Council (AHC), an industry body for hydrogen development in Australia, working to support the commercialization of hydrogen technologies.

about 1 year ago
Tesvolt Ocean joins global community of maritime battery enablers
Business Developments & Projects

Tesvolt Ocean joins global community of maritime battery enablers

Tesvolt Ocean, a joint venture between Tesvolt Maritime Solutions and Ocean Batteries, has become a member of the global community of maritime battery enablers, the Maritime Battery Forum (MBF).

about 1 year ago
Prysmian preferred supplier for planned 1 GW subsea cable between Singapore and Malaysia
Business Developments & Projects

Prysmian preferred supplier for planned 1 GW subsea cable between Singapore and Malaysia

Singapore’s state-owned energy giant Sembcorp Industries and Malaysia’s state-owned electric utility company Sarawak Energy have entered into a preferred supplier agreement with Italian cabling firm Prysmian for a subsea interconnector cable that would import around 1 GW of green electricity from Sa

about 1 year ago
Fish population survey in Portugal to provide data for HiWave-5 and future installations
Business Developments & Projects

CorPower Ocean and NTNU join forces on AI-controlled wave energy tech

Swedish wave energy developer CorPower Ocean has secured funding from Sweden’s national innovation agency, Vinnova, to integrate artificial intelligence (AI) into its wave energy technology in collaboration with the Norwegian University of Science and Technology (NTNU). According to CorPower Ocean,

about 1 year ago
IMO moves to introduce global strategy for maritime digitalization
Business Developments & Projects

IMO moves to introduce global strategy for maritime digitalization

The International Maritime Organization (IMO) has set out to create a comprehensive strategy for maritime digitalization that will leverage emerging technologies to advance efficiency, safety, and sustainability.

about 1 year ago
Alfa Laval
Business Developments & Projects

Alfa Laval secures 1st ammonia FSS contract in China

Swedish marine technology Alfa Laval has secured its first contract for the ammonia fuel supply system that would be installed onboard seven ammonia dual-fuel LPG/ammonia carriers owned by Chinese shipowner Tianjin Southwest Maritime (TSM).

about 1 year ago
ESL Shipping
Business Developments & Projects

ESL Shipping and SSAB set sights on fossil-free shipping in renewed agreement

Finnish shipping company ESL Shipping and Sweden’s steelmaker SSAB have extended their long-term agreement for sustainable sea transport of SSAB’s inbound raw materials across the Baltic Sea and from the North Sea. As disclosed, the new contract also encompasses the transportation of SSAB’s fossil-f

about 1 year ago
Saipem's Scarabeo 8 semi-submersible rig; Source: Var Energi
Business Developments & Projects

Saipem rig cleared to spin the drill bit in Norwegian waters

Aker BP has secured a drilling permit for an exploration well in the Norwegian Sea off the coast of Norway, which is slated to be drilled this month using a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago
A floating production storage and offloading (FPSO) unit
Business Developments & Projects

Eni looking to rebalance portfolio by divesting stakes in West African assets to Vitol for $1.65B

Italy’s energy giant Eni has reached an agreement with energy and commodities company Vitol to sell a portion of interests in certain assets it owns in Cote d’Ivoire and the Republic of Congo.

about 1 year ago
Lomarlabs and Newlight to pilot hydrogen-diesel engine retrofits
Business Developments & Projects

Lomarlabs and Newlight to pilot hydrogen-diesel engine retrofits

Lomarlabs, an innovation arm of Lomar Shipping, has joined forces with technology company Newlight to pilot hydrogen-diesel engine retrofits and accelerate cost-effective, lower-emission solutions for maritime decarbonization.

about 1 year ago
DP World and Maersk pen long-term agreement to expand maritime services in Brazil
Business Developments & Projects

DP World and Maersk pen long-term agreement to expand maritime services in Brazil

Dubai-based terminal operator DP World has signed a long-term strategic agreement with Danish shipping giant Maersk to expand maritime services at its terminal in the Port of Santos, Brazil.

about 1 year ago
Inch Cape export
Business Developments & Projects

Enshore Subsea wins cable installation gig for one of Scotland’s largest offshore wind projects

UK-headquartered Enshore Subsea has secured an export cable installation contract for one of Scotland’s largest offshore wind projects, the 1.1 GW Inch Cape. The Inch Cape offshore wind farm will feature two 85-kilometer, 220 kV, three-phase export cables, each delivered in three sections and requir

about 1 year ago