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Business Developments & Projects

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Substation construction for Morlais tidal energy project wraps up
Business Developments & Projects

North Wales tidal energy project to boost grid connection

Work is set to begin this month in Holyhead, Wales, to strengthen the grid connection for the Menter Môn Morlais tidal energy scheme, an important step in the project’s development. Owned and operated by social enterprise Menter Môn, the Morlais project aims to generate up to 240 MW of tidal energy

about 1 year ago
Cargill
Business Developments & Projects

Cargill, Hafnia set up new bunker company

Cargill Ocean Transportation, part of American agricultural products giant Cargill, and Singapore-based tanker shipping company Hafnia have decided to create Seascale Energy “to accelerate the transformation of marine fuel procurement services”.

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about 1 year ago
A vessel at sea
Business Developments & Projects

Centrica to supply Petrobras with LNG until 2040s

Brazil’s state-owned energy giant Petrobras has signed a long-term purchase and sale agreement for liquefied natural gas (LNG) with the U.K.-based energy company Centrica.

about 1 year ago
Illustration; Source: NKT
Business Developments & Projects

NKT patches up UK-Netherlands cross-border interconnector after power outage

Following a power outage, NKT has restored to working order a cross-border interconnector, which connects the electricity markets of the UK and the Netherlands via subsea cable.

about 1 year ago
Hydrogenious restructures management, secures over €17 million to scale up its technology
Business Developments & Projects

Hydrogenious restructures management, secures over €17 million to scale up its technology

Hydrogenious LOHC Technologies has restructured its management and raised over €17 million to support the implementation of its planned projects and the further scaling of its technology.

about 1 year ago
A semi-submersible offshore rig
Business Developments & Projects

Second-in-command moving up to CEO at Transocean

Transocean has unveiled its plan for key leadership changes under the company’s multi-year succession planning strategy.

about 1 year ago
Nord Stream 2 could be repurposes for hydrogen and LNG, says Swiss StreamTec Solutions
Business Developments & Projects

Nord Stream 2 could be repurposed for hydrogen and LNG, says Swiss StreamTec Solutions

The Nord Stream 2 gas pipeline that connects Russia and Germany through the Baltic Sea suffered damage in September 2022 following an explosion. StreamTec Solutions, a company formed from the management team of the Nord Stream pipelines, has conducted research on the current condition of Nord Stream

about 1 year ago
Strohm and Norway’s UNITECH Offshore have signed a memorandum of understanding (MoU) to develop and commercialize a fully integrated system for subsea fluid and gas transport.
Business Developments & Projects

Strohm and UNITECH Offshore join forces for subsea pipeline solution

Dutch thermoplastic composite pipes (TCP) producer Strohm and Norway’s UNITECH Offshore have signed a memorandum of understanding (MoU) to develop and commercialize a fully integrated system for subsea fluid and gas transport. The agreement brings together Strohm’s thermoplastic composite pipe (TCP)

about 1 year ago
Gasum powers Equinor’s tugboats with bio-LNG
Business Developments & Projects

Gasum powers Equinor’s tugboats with bio-LNG

Gasum has delivered bio-LNG to two tugboats operated by Norwegian energy major Equinor as part of their ongoing collaboration toward increasing the use of bio-LNG.

about 1 year ago
Yara
Business Developments & Projects

Lloyd’s Register Foundation and World Economic Forum team up on nature-positive ports

Lloyd’s Register Foundation and the World Economic Forum have partnered to accelerate the transition to nature and people-positive ports.

about 1 year ago
Second H2Global tender worth €2.5 billion kicks off
Business Developments & Projects

Second H2Global tender worth €2.5 billion kicks off

Germany-based Hintco, an intermediary for purchasing and selling green power-to-X (PtX) products within the H2Global funding mechanism, has launched the second tender worth €2.5 billion.

about 1 year ago
work-class remotely operateed vehicle (ROV), XLX EVO III Render. Source: FET
Business Developments & Projects

UK firm rolls out new remotely operated vehicle for subsea operations

UK’s Forum Energy Technologies (FET) has introduced its ultra-heavy-duty work-class remotely operated vehicle (ROV) designed to enhance subsea operations with increased payload capacity and advanced control capabilities. According to FET, the XLX EVO III ROV features larger thrusters for improved th

about 1 year ago
Navigator Gas
Business Developments & Projects

Navigator Gas welcomes first of three new ethylene carriers to its fleet

Navigator Gas has completed the acquisition of the first of three new 17,000 cbm liquefied ethylene gas (LEG) carriers.

about 1 year ago
Valaris DPS-5 rig; Source: Lukoil
Business Developments & Projects

Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs

Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning geographies.

about 1 year ago