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Business Developments & Projects

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shore power
Business Developments & Projects

Yara Marine back in cold ironing business

Yara Marine Technologies, a Norwegian provider of exhaust gas cleaning systems, has decided to relaunch its shore power business amid increasing demand for onshore power supply systems.

about 5 years ago
Kongsberg to supply Novatek's ice class LNG carriers with deck machinery
Business Developments & Projects

Kongsberg tech picked for Novatek’s Arctic LNG tankers

Norwegian maritime technology group Kongsberg Maritime has been contracted by Novatek to deliver deck machinery for six ice class LNG carriers.

about 5 years ago
Sapura Pelaut - Sapura Energy
Business Developments & Projects

Sapura bags over $457 million in new deals

Sapura Energy subsidiaries and joint venture have been awarded contracts and contract extension with a combined value of about $457.5 million.

about 5 years ago
An image showing Baltica 2 & 3 projects' locations off Poland
Business Developments & Projects

Ørsted buys into Baltica 2 & 3 offshore wind farms in Poland

Ørsted and PGE Polska Grupa Energetyczna have signed an agreement to form a 50/50 joint venture for the development, construction and operation of the 1.5 GW Baltica 2 and 1 GW Baltica 3 offshore wind farms in Poland. The agreement was signed following negotiations that PGE and Ørsted started back i

about 5 years ago
FPSO Espoir Ivoirien - BW Offshore
Business Developments & Projects

BW Offshore braces for FPSO impairments

FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa

about 5 years ago
Boxship
Business Developments & Projects

Global Ship Lease grows fleet with Post-Panamax septet

London-based containership charter owner Global Ship Lease (GSL) has agreed to purchase and charter back seven 6,000 TEU Post-Panamax containerships.

about 5 years ago
Photo of EMEC's onshore substation and hydrogen plant (Courtesy of EMEC; Photo by Orkney Sky Cam)
Business Developments & Projects

EMEC and H2GO Power test AI green hydrogen technology

H2GO Power, in collaboration with the European Marine Energy Centre (EMEC) and Imperial College London, are testing the use of artificial intelligence (AI) software coupled with hydrogen technology.

about 5 years ago
Hidden Gem vessel for deep-sea mining
Business Developments & Projects

Deep-sea mining game making progress

Preparation for the future deep-sea mining projects is in full swing in Delft, The Netherlands, where the Allseas project team is fabricating its first robotic collector vehicle, project partner DeepGreen reports. In June 2019, DeepGreen Metals and Allseas formed a strategic partnership, bringing De

about 5 years ago
Boxship
Business Developments & Projects

MOL, Bearing strengthen ties to develop AI-based routing engine

Japanese shipping major Mitsui O.S.K. Lines (MOL) and California-based AI technology startup Bearing, Inc. have inked an agreement to expand their partnership and bring artificial intelligence (AI) to the shipping industry.

about 5 years ago
Johan Sverdrup field - Equinor
Business Developments & Projects

Equinor sinks deeper into the red amid market turmoil

Norwegian oil and gas giant Equinor saw a massive increase in its quarterly net loss amid market turmoil caused by the coronavirus crisis.

about 5 years ago
An offshore wind farm
Business Developments & Projects

Offshore Wind Consultants, Ambiens team up in Poland

Offshore Wind Consultants (OWC) and Polish environmental consulting company Ambiens have signed a memorandum of understanding (MOU) to cooperate on offshore wind developments in Poland. OWC, a subsidiary of AqualisBraemar LOC, is supporting projects that are already in development in Poland, but als

about 5 years ago
Illustration; Source: PTTEP
Business Developments & Projects

PTTEP makes new gas discovery off Malaysia

Thailand’s PTT Exploration & Production (PTTEP) has made a gas discovery from the Lang Lebah-2 appraisal well off the coast of Sarawak, Malaysia.

about 5 years ago
MHI invests in C-Zero to push hydrogen production
Business Developments & Projects

MHI invests in C-Zero to push hydrogen production

Mitsubishi Heavy Industries invested in C-Zero, a U.S. hard tech startup that will push the production of hydrogen and ammonia and avoid producing CO2.

about 5 years ago
Devils Tower spar platform; Source: Sanmar Chain LLOG Eni
Business Developments & Projects

LLOG, Eni sign infrastructure agreement for Taggart development

LLOG Exploration Offshore and Italian oil major Eni have signed an infrastructure agreement for subsea infrastructure in the deepwater Gulf of Mexico.

about 5 years ago
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