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Business Developments & Projects

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Stella Maris CCS; Source: Altera Infrastructure
Business Developments & Projects

Yinson Production broadens its carbon capture and storage horizons with Stella Maris CCS buy

Yinson Production has opened itself up to new decarbonization inroads with the acquisition of Norway-based Stella Maris carbon capture and storage (CCS) business that aims to unlock large-scale floating collection, transport, and offshore storage of CO2.

about 1 year ago
India
Business Developments & Projects

Shipping colossals deepen ties with India amid growing maritime ambitions

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French container shipping heavyweight CMA CGM, along with Denmark’s A.P. Moller–Maersk and Switzerland’s Mediterranean Shipping Company (MSC), is strengthening its foothold in India as the country endeavors to become a “global maritime hub”. As disclosed, during his state visit to France in mid-Febr

about 1 year ago
Wärtsilä plans to reduce 25% of direct suppliers’ GHG emissions by 2030
Business Developments & Projects

Wärtsilä plans to reduce 25% of direct suppliers’ GHG emissions by 2030

Wärtsilä has reinforced its ‘Set for 30’ decarbonization targets by committing to a new goal of reducing 25% of direct suppliers’ GHG emissions by 2030.

about 1 year ago
power system
Business Developments & Projects

Next-gen power system for green shipping wins EU funding

The European Union has granted NOK 90 million (about €7.8 million) to the STEESMAT project, aimed at developing power distribution systems for zero-emission ships of the future.

about 1 year ago
FPSO Petrojarl I; Source: Altera Infrastructure
Business Developments & Projects

39-year-old FPSO ready for redeployment as it changes hands

A 1986-built floating production, storage, and offloading (FPSO) vessel, seen as capable of supporting early-phase and tail-phase production at offshore oil fields given its experience to date, is getting a new owner, which intends to find a new job for the unit in regions such as Vietnam, Suriname,

about 1 year ago
Dutch Zeevonk offshore wind-to-hydrogen project gains ground
Business Developments & Projects

Dutch Zeevonk offshore wind-to-hydrogen project gains ground

Zeevonk, a joint venture between Vattenfall and Copenhagen Infrastructure Partners (CIP) and developer of a large-scale project blending offshore wind, floating solar, and green hydrogen, has moved on to the next phase with the front-end engineering design (FEED) work assigned to the UK-based compan

about 1 year ago
Illustration; Source: Scana-owned Seasystems
Business Developments & Projects

Multimillion-dollar FLNG mooring deal ends up in Scana’s workbook

Norway-based Seasystems, a Scana-owned mooring solutions business for floating structures, has received a new order to deliver mooring equipment for a floating liquefied natural gas (FLNG) project to an undisclosed company.

about 1 year ago
Skarv Shipping bags timber transport deal for its ammonia-powered newbuild
Business Developments & Projects

Skarv Shipping bags timber transport deal for its ammonia-powered newbuild

Norwegian forestry companies Viken AT Market and AT Skog have entered into an agreement with Skarv Shipping Solutions, a joint venture between Grieg Edge and Peak Group, to transport timber on zero-emission ships powered by ammonia and electricity.

about 1 year ago
Tekmar firm secures multi-year subsea engineering deal with Nexans
Business Developments & Projects

Tekmar firm secures multi-year subsea engineering deal with Nexans

UK-based engineering consultancy Ryder, part of Tekmar Group, has secured a three-year framework agreement with France’s cable systems designer and manufacturer Nexans to provide subsea engineering support for the company’s cable projects worldwide. According to Ryder, the company will deliver cable

about 1 year ago
AYK Energy: Brittany Ferries’ second newbuild fitted with ‘world’s largest’ battery
Business Developments & Projects

AYK Energy: Brittany Ferries’ second newbuild fitted with ‘world’s largest’ battery

Guillaume de Normandie, Brittany Ferries’ second hybrid electric ferry, has been installed with “the biggest marine battery ever built” from Andorra-based manufacturer AYK Energy. The vessel has also completed sea trials.

about 1 year ago
TGS to kick off two 4D streamer projects off Norway in June
Business Developments & Projects

TGS expands 3D seismic coverage in Norwegian Barents Sea

Norway-based energy data and intelligence company TGS is set to kick off a new multi-client 3D seismic acquisition and processing project in the Goliat area of the Norwegian Barents Sea. According to TGS, the upcoming GeoStreamer survey will cover up to 1,600 square kilometers over key discoveries,

about 1 year ago
Enagás to invest over €3 billion in hydrogen infrastructure by 2030
Business Developments & Projects

Enagás to invest over €3 billion in hydrogen infrastructure by 2030

Enagás will allocate €3.125 billion to the deployment of renewable hydrogen infrastructure as a part of its strategic investment of €4.035 billion over the next six years.

about 1 year ago
Steel cut for Rem Offshore's second methanol-ready energy subsea construction vessel (Video)
Business Developments & Projects

Steel cut for Rem Offshore’s second methanol-ready energy subsea construction vessel (Video)

Norwegian shipping company Rem Offshore has held the steel cutting ceremony for its second energy subsea construction vessel (ESCV) being constructed in Vietnam. Two and a half months after entering the contract with compatriot Myklebust Verft, Rem Offshore announced it had celebrated the steel cutt

about 1 year ago
HARPOONERS consortium to boost ship electrification via onboard ESS
Business Developments & Projects

HARPOONERS consortium to boost ship electrification via onboard ESS

Thirteen members of the HARPOONERS consortium intend to develop an onboard energy storage system that will reduce CO2 emissions.

about 1 year ago