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Business Developments & Projects

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Image of Ocean Power Technologies PowerBuoy and WAM-V during sea trials.
Business Developments & Projects

New Jersey encouraged to accelerate support for marine energy sector

U.S.-based marine energy firm Ocean Power Technologies (OPT) has called on New Jersey lawmakers to accelerate support for the state’s emerging marine energy sector during a joint hearing of the New Jersey Assembly Environment, Natural Resources, and Solid Waste Committee and the Senate Environment a

about 1 year ago
Illustration of ZEUS project; Source: MISC
Business Developments & Projects

ZEUS on the move: Wheels up to turn stranded gas reserves into sustainable energy sources

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Four players – MISC, Petronas, Aker Solutions (AKSO), and Clean Energy Systems (CES) – have laid the groundwork for a demo front-end engineering and design (FEED) process to pave the way for the development of the Zero Emission Power Station (ZEUS) project for both onshore and offshore deployment, e

about 1 year ago
A man sitting behind a desk looking at an illustration of a vessel on two computer screens
Business Developments & Projects

McDermott teams up with Aize to deploy digital twin tech across Middle Eastern assets

U.S.-headquartered offshore engineering and construction player McDermott has signed a memorandum of understanding (MoU) with Aize to employ the latter’s digital twin solutions across its Middle Eastern operations. As explained, the strategic MoU is aimed at driving operational efficiency throughout

about 1 year ago
HD Hyundai hosts US-Korea MASGA shipbuilding cooperation talks
Business Developments & Projects

HD Hyundai hosts US-Korea MASGA shipbuilding cooperation talks

Government officials from the United States and South Korea have visited HD Hyundai’s headquarters in Ulsan to discuss ways to strengthen bilateral cooperation in the shipbuilding sector.

about 1 year ago
Thailand’s Mermaid Maritime secures $500M in Middle East project awards
Business Developments & Projects

Thailand’s Mermaid Maritime secures $500M in Middle East project awards

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has secured multiple project awards in the Middle East that have a combined value of approximately $430 to $500 million. The awards cover the delivery of a comprehensive suite of services, in

about 1 year ago
Wan Hai Lines
Business Developments & Projects

Wan Hai Lines marks eco-friendly 13K TEU boxship series as complete

Taiwan-based shipping company Wan Hai Lines has held a naming ceremony for its brand-new, energy-efficient container vessel built by South Korea’s Samsung Heavy Industries (SHI). As disclosed, the containership was christened WAN HAI A20 on August 14 at Samsung Heavy Industries’ Geoje shipyard. Now

about 1 year ago
Troll C platform in the North Sea; Source: Equinor
Business Developments & Projects

Norway eyes oil & gas investments of nearly $23 billion next year

Statistics Norway, the Norwegian statistics bureau, has revealed a spike in estimates for oil and gas investments in 2026, which are anticipated to hit NOK 230 billion (approximately $22.55 billion), thanks to higher price estimates in the production drilling segment.

about 1 year ago
Another UK subsea green electricity superhighway to sport Hitachi Energy converter stations
Business Developments & Projects

Another UK subsea green electricity superhighway to sport Hitachi Energy converter stations

The joint venture of National Grid Electricity Transmission and SSEN Transmission has selected Hitachi Energy as the preferred bidder to deliver high-voltage direct current (HVDC) converter stations in Scotland and England for the Eastern Green Link 3 (EGL3) project. Marked the biggest project in th

about 1 year ago
Everllence, MEYER RE join forces to develop methanol retrofitting solutions
Business Developments & Projects

Everllence, MEYER RE join forces to develop methanol retrofitting solutions

German engine manufacturer Everllence (formerly MAN Energy Solutions) and compatriot MEYER RE, an arm of the Meyer Group focused on sustainable maritime solutions, have shaken hands on an initiative to ‘advance’ methanol retrofitting systems. As divulged by the partners, the project will aim to cut

about 1 year ago
Allseas' Pioneering Spirit removes Heather Alpha topside; Source: EnQuest
Business Developments & Projects

WATCH: Allseas vessel on decom quest carries out this year’s largest single lift in North Sea

EnQuest has tucked a new decommissioning milestone under its belt in the UK sector of the North Sea, thanks to the assistance received from a heavy lift vessel owned by Allseas, an offshore pipeline installation, heavy lift, and subsea construction contractor.

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

Ocean Yield expanding LNG portfolio with CapeOmega purchase

Norwegian shipowner Ocean Yield and global investment firm KKR intend to purchase energy infrastructure company CapeOmega Gas Transportation from Partners Group, a global private markets investment manager.

about 1 year ago
Fugro about to start surveys for second Scotland-Wales interconnector
Business Developments & Projects

Fugro about to start surveys for second Scotland-Wales interconnector

Dutch Fugro is about to commence survey work for the Western Link 2 (WL2) interconnector that will link Scotland and Wales. Fugro is set to begin marine geophysical surveys in the nearshore area of Caernarfon Bay today, August 14, with work expected to be completed by October 12, weather dependent.

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business Developments & Projects

Fresh gas storage license for Snam’s subsidiary in East Irish Sea fueling UK’s hydrogen dreams

North Sea Transition Authority (NSTA) has offered a license for gas storage in the East Irish Sea to dCarbonX, a subsidiary of Snam, which is expected to propel the UK’s decarbonization aspirations forward, thanks to offshore hydrogen storage.

about 1 year ago
Skandi Tender vessel at sea
Business Developments & Projects

Seacontractors adding two ex-DOF vessels to its fleet

The Netherlands-headquartered maritime service provider Seacontractors has acquired two vessels formerly owned by Norwegian vessel owner DOF Group.

about 1 year ago