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Business Developments & Projects

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Shah Deniz Alpha platform; Source: BP
Business Developments & Projects

BP expands 70-year relationship with US firm through deal spanning its global energy portfolio

U.S.-headquartered science, technology, and engineering player KBR has secured a global agreement, which builds upon the duo’s decades-long relationship with BP, the UK-based energy giant.

about 1 year ago
An office building with a rainbow over it
Business Developments & Projects

Duo stepping in to steady the ship at Galp until new CEO is picked

Portugal’s oil and gas company Galp has appointed two board members as interim Chief Executive Officers (CEOs) following the resignation of the firm’s previous leader.

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about 1 year ago
International contractor hires Solstad vessel until end of 2027
Business Developments & Projects

International contractor hires Solstad vessel until end of 2027

Norwegian shipping company Solstad Offshore has secured a three-year contract award with an international contractor for the construction support vessel (CSV) Normand Frontier. The firm contract starts immediately and will see the 2014-built vessel fully committed until the end of 2027. Normand Fron

about 1 year ago
Wilson’s new diesel-electric bulk carriers to run on NES power systems
Business Developments & Projects

Wilson’s new diesel-electric bulk carriers to run on NES power systems

Norwegian Electric Systems (NES) has secured a contract to deliver power systems for eight new diesel-electric bulk carriers being built for Wilson ASA at Udupi Cochin Shipyard in India.

about 1 year ago
All green lights in for second Malta-Italy interconnector
Business Developments & Projects

Second Malta-Italy interconnector gets final approval, commissioning set for 2026

The second interconnector between Malta and Italy has officially been approved in both countries following the final permit from the Italian Ministry for the Environment and Energy Security (MASE). The IC2 interconnector will consist of a 122-kilometer high-voltage alternating current (HVAC) electri

about 1 year ago
Höegh Autoliners: One-third of multi-fuel Aurora-class fleet is now complete
Business Developments & Projects

Höegh Autoliners: One-third of multi-fuel Aurora-class fleet is now complete

Norwegian shipping company Höegh Autoliners has completed one-third of its multi-fuel Aurora-class pure car and truck carrier (PCTC) fleet with the addition of the fourth unit, Höegh Sunlight.

about 1 year ago
Navarino
Business Developments & Projects

Navarino becomes new owner of Castor Marine

UK-based maritime technology and connectivity company Navarino Group has acquired 100% of the shares of Castor Marine, a Dutch shipping and yachting internet connectivity and IT solutions provider.

about 1 year ago
Shah Deniz Alpha platform off the coast of Azerbaijan; Source: BP
Business Developments & Projects

BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia

A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.

about 1 year ago
DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year
Business Developments & Projects

DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year

Described as the maritime industry’s “exceptional newbuilding year”, 2024 yielded a record number of LNG-fueled ship deliveries, according to the latest data from DNV’s AFI platform.

about 1 year ago
XOCEAN USV harvesting data on an Offshore Wind Farm in the UK North Sea
Business Developments & Projects

XOCEAN closes €115 million financing to support ongoing growth

Ireland-based XOCEAN has secured €115 million in funding to support the growth in the offshore energy and civil hydrography sectors. The Irish ocean data company closed the financing round with support from S2G Ventures, Climate Investment (CI), Morgan Stanley’s 1GT fund, and CC Industries (CCI), a

about 1 year ago
Pot Scheepvaart
Business Developments & Projects

Pot Scheepvaart orders another 6,340 dwt MPP ship at Royal Bodewes

Dutch shipping company Pot Scheepvaart has ordered another 6,340 dwt multipurpose ship at compatriot shipyard Royal Bodewes.

about 1 year ago
North Sea ecosystem regeneration at heart of Dutch govt's new program
Business Developments & Projects

North Sea ecosystem regeneration at heart of Dutch govt’s new program

Human touch has taken its toll on the delicate North Sea ecosystem. With the growing pressure of climate change and demand for sustainable energy and food, this ecosystem keeps deteriorating. Preventing or preserving the North Sea now has an exclamation point. As a response, the Dutch Ministry of Ag

about 1 year ago
Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas
Business Developments & Projects

Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas

Subsea7 has secured a contract with Norway’s state-owned energy company Equinor to deliver a study that will finalize the technical definition of the proposed subsea development at a field off Norway before the final investment decision (FID) is reached. Subsea 7 has been appointed to deliver a fron

about 1 year ago
Value Maritime, partners win funding for CCS aboard Samskip Kvitbjorn
Business Developments & Projects

Value Maritime, partners win funding for CCS aboard Samskip Kvitbjorn

Dutch maritime technology company Value Maritime and its partners in the Maritime Efficient & Easy Carbon Capture (ME2CC) project have received funding from the Maritime Masterplan 2024 to advance the development, construction and demonstration of a compact, modular carbon capture system to be insta

about 1 year ago