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Business Developments & Projects

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Business Developments & Projects

Harland & Wolff wins £61 million contract for FPSO mid-life upgrade

Harland & Wolff has secured a £61 million contract with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel. The SeaRose FPSO vessel is expected to arrive at the Harland & Wolff Belfast Yard in early 2024 and will

about 2 years ago

$16 million subsea order lands on Kraken Robotics' table

Business Developments & Projects

Kraken Robotics bags $3 million boulder detection contract

Kraken Robotics has received a $3 million contract to carry out boulder detection subsea survey services as part of an offshore wind farm project in Europe. The survey campaign will be executed in the fourth quarter of 2023 with Kraken’s Acoustic Corer technology providing high-resolution 3D imaging

about 3 years ago

Business Developments & Projects

Canada’s Ksi Lisims LNG submits environmental certificate application

Canada’s Ksi Lisims LNG has filed an application to the British Columbia (B.C.) Government for an environmental assessment certificate (EAC) after consultation, studies and analysis designed to identify and mitigate potential effects on a wide range of matters related to the project. The filing is s

about 3 years ago

Business Developments & Projects

Second electric tugboat for Canada’s LNG export facility arrives in Vancouver

The second emissions-free battery electric tug built to serve at LNG Canada’s new export facility in Kitimat has officially arrived in North Vancouver. The HaiSea Wee’git tugboat was built by Sanmar Shipyards in Türkiye and delivered to Canada’s HaiSea Marine, a joint venture majority-owned by the H

about 3 years ago

Business Developments & Projects

Enbridge CEO calls on Canada to boost support for LNG development

Greg Ebel, President and CEO of Canadian pipeline and energy company Enbridge, has urged Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of Indigenous communities in the country. In an address to the Toronto Region Board of Tra

about 3 years ago

Noble-owned Khamsin drillship (for illustration purposes); Source: Equinor

Business Developments & Projects

International offshore rig count takes a downturn

Baker Hughes’ international rig count report shows a sharp drop in the number of offshore rigs in September 2023.

about 3 years ago

Business Developments & Projects

Seaspan and AES to collaborate on LNG bunkering services in Panama Canal

Canada-based Seaspan and global energy company AES have signed a memorandum of understanding (MoU) to collaborate on LNG bunkering business development. The companies signed the MoU in the framework of the 3rd International LNG Global Forum in Cartagena, Colombia, which took place from October 2 to

about 3 years ago

Amin H. Nasser, Saudi Aramco President & CEO; Source: Saudi Aramco

Business Developments & Projects

Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

about 3 years ago

Business Developments & Projects

New global initiative aiming to transform net zero hydrogen production

Cranfield University has announced it is leading the UK’s collaboration on an international partnership, the Global Hydrogen Production Technologies Center (HyPT), to make low-cost, large-scale, net zero hydrogen production a reality. The HyPT is a £14.1 million ($17.45 million) five-year project wh

about 3 years ago

DOF tapped for extension of 'large' subsea service contract

Business Developments & Projects

DOF awarded extension of ‘large’ subsea service contract

Shortly after winning three contracts worth over $260 million, DOF Group secured an extension of what it described is a “large subsea service contract”. DOF reported on 19 September it had signed a letter of intent (LOI) with a “major oil company” for a one-year contract extension in the Atlantic re

about 3 years ago

Business Developments & Projects

Furetank, Algoma sign up for two more Vinga ships

Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have expanded their FureBear joint venture, launched a year ago, with the order for two additional Vinga-class vessels. The new order for Vinga series vessels grows the FureBear joint venture to a total of ten

about 3 years ago

Business Developments & Projects

US offshore rig count gets a slight boost

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the rise last week.

about 3 years ago

Business Developments & Projects

BP signs third LNG offtake contract with Woodfibre

UK-based energy major BP has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. The contract involves the offtake of 0.45 million tons of LNG per year (mtpa) for 15 years on a free-on-board (FOB) basis, and acco

about 3 years ago

Business Developments & Projects

XL unmanned underwater vehicle begins sea trials

Canada’s Cellula Robotics has commenced sea trials of its extra-large unmanned underwater vehicle (XLUUV), featuring hydrogen fuel cell technology. The initial sea trials of the Solus-XR XLUUV are designed to evaluate surface performance and autonomy, said to offer a valuable opportunity to assess t

about 3 years ago