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Business Developments & Projects

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Rendered image of WEC clusters co-located with floating offshore wind. Credit: Blackfish Engineering
Business Developments & Projects

Scotland introduces wave energy cluster concept to cut costs and boost efficiency

Wave Energy Scotland (WES) has unveiled a concept design for a multi-megawatt cluster of wave energy converters (WECs), aiming to improve efficiency and lower costs in offshore renewable energy. The design explores clustering multiple wave energy devices into a single moored and electrically connect

about 1 year ago
CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard
Business Developments & Projects
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CMA CGM awards $2.6B contract for LNG dual-fuel boxships to Chinese shipyard

CMA CGM is further expanding its LNG-fueled fleet with a new order worth nearly $2.6 billion for twelve dual-fuel LNG containerships to be built in China.

about 1 year ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business Developments & Projects

Norway sheds more light on recent gas/condensate discovery

After a new hydrocarbon discovery at a prospect off the coast of Norway, which was drilled with a semi-submersible rig owned by Odfjell Drilling, the Norwegian Offshore Directorate (NOD) has disclosed more information about the latest gas/condensate find in the Norwegian Sea.

about 1 year ago
Two contracts for huge Black Sea gas project reel in $10 million for Expro
Business Developments & Projects

Two contracts for huge Black Sea gas project reel in $10 million for Expro

U.S.-headquartered energy services provider Expro has secured two contracts with Southeastern Europe’s integrated energy player OMV Petrom worth over $10 million for what is said to be the largest natural gas project in the Romanian Black Sea. The contracts described as major involve Expro’s subsea

about 1 year ago
Several men standing inside of a large metal tank
Business Developments & Projects

GTT to design tanks for Asian shipowner’s LNG newbuild pair

An Asian shipyard has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas carriers (LNGCs) it is building for an Asian shipowner.

about 1 year ago
LR partners with Microsoft to use AI for advancing nuclear power in maritime
Business Developments & Projects

LR partners with Microsoft to use AI for advancing nuclear power in maritime

Classification society Lloyd’s Register (LR) has revealed plans to use generative artificial intelligence (AI) to accelerate the regulatory process for nuclear power in the maritime industry.

about 1 year ago
Koil Energy Solution's new technology center for manufacturing and service support in Macae, Brazil.
Business Developments & Projects

KOIL Energy and SubseaDesign form alliance for subsea field development

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions, formerly Deep Down, and Norwegian engineering company SubseaDesign AS have formed a strategic alliance to accelerate advancements in subsea technology. According to KOIL Energy Solutions, the partnership aims to en

about 1 year ago
Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab
Business Developments & Projects

Three-year seismic capacity reservation deal expands Shearwater and TotalEnergies’ collab

Norwegian marine geoscience and technology company Shearwater GeoServices and France’s energy giant TotalEnergies have expanded their collaboration with the signature of a three-year firm capacity reservation agreement (CRA) for global marine seismic streamer acquisition services. The CRA is said to

about 1 year ago
Innovate UK grants $1.9 million for wave energy project in Thailand by Eco Wave Power Global
Business Developments & Projects

Eco Wave Power cuts costs in 2024, projects in focus

Wave energy developer Eco Wave Power has presented its 2024 financial results, highlighting cost reductions, revenue generation, and a strengthened financial position. The company raised $3 million through a registered direct offering, bolstering its financial resources. Operating expenses fell by 7

about 1 year ago
A man seen from behind looking at the sea
Business Developments & Projects

Petrofac eyes April restructuring date as convening hearing is postponed

UK-headquartered oilfield services provider Petrofac has provided an update on its proposed financial restructuring.

about 1 year ago
GT Wings: First AirWing-fitted ship sets sail
Business Developments & Projects

GT Wings: First AirWing-fitted ship sets sail

UK’s GT Wings has installed its first AirWing wind propulsion system onboard a general cargo vessel owned by Carisbrooke Shipping, reaching “a major milestone in sustainable shipping”.

about 1 year ago
Lloyd’s Register approves Corvus Energy’s marine battery system
Business Developments & Projects

Lloyd’s Register approves Corvus Energy’s marine battery system

Corvus Energy has received type approval from Lloyd’s Register (LR) for its Dolphin NxtGen Energy marine battery system.

about 1 year ago
Trion FPU concept image
Business Developments & Projects

Award of fiber optic contract brings remote ops to Mexican deepwater oil project

Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a fiber optic project and long-term service contract with Woodside Energy that will enable remote operations at an oil project in the Gulf of Mexico/America. The fiber-based connecti

about 1 year ago
Työvene secures €20M order for battery-hybrid vessels from Sweden
Business Developments & Projects

Työvene secures €20M order for battery-hybrid vessels from Sweden

Swedish shipping company Torghatten AB has contracted Finnish shipbuilder Työvene to construct two battery-hybrid passenger vessels.

about 1 year ago