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Business Developments & Projects

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Industry coalitions unite to advance green shipping technologies
Business Developments & Projects

Industry coalitions unite to advance green shipping technologies

ZESTAs and SASHA Coalition have partnered to drive policy and industry action to develop and deploy green shipping technologies and accelerate the maritime energy transition.

about 1 year ago
Anemoi
Business Developments & Projects

Anemoi wins $1.59M for ‘next-generation’ folding sail system

UK-based wind-assisted propulsion provider Anemoi Marine Technologies has clinched £1.2 million (roughly $1.59 million) worth of funding under the sixth round of the country’s Clean Maritime Demonstration Competition (CMDC). As disclosed, the winning project is set to encompass the creation of a ‘ne

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about 1 year ago
WATCH: Malaysia and Sarawak’s first purpose-built MPSV makes a splash
Business Developments & Projects

WATCH: Malaysia and Sarawak’s first purpose-built MPSV makes a splash

Malaysian offshore support vessel (OSV) provider Nam Cheong Group has unveiled what it says is Malaysia and Sarawak’s first purpose-built multi-purpose support vessel (MPSV), set to be deployed in the oil & gas, renewable energy and telecommunication sectors. According to the company, the advanced d

about 1 year ago
Admarine 510 jack-up rig; Source: ADES
Business Developments & Projects

ADES makes $380M takeover bid for Shelf Drilling

A subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has signed an agreement with UAE-headquartered offshore drilling contractor Shelf Drilling to acquire the latter.

about 1 year ago
Yinson GreenTech delivers battery system for hybrid research vessel in Middle East
Business Developments & Projects

Yinson GreenTech delivers battery system for hybrid research vessel in Middle East

Yinson GreenTech has delivered a 1.2 MWh ABS-certified marine battery system, developed in collaboration with CALB Group, for integration into a hybrid research and survey vessel for an undisclosed oil and gas company in the Middle East.

about 1 year ago
Auctioneer selected for cross-border transmission capacity of first UK-Germany energy link
Business Developments & Projects

‘Another vital piece of the jigsaw’ comes together for first UK-Germany energy link

UK energy market regulator Ofgem has certified the €2.8 billion NeuConnect project, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany, as an Independent Transmission System Operator (TSO), a prerequisite necessary before the link bec

about 1 year ago
2.5 MW electrolyzer delivered for energy hub at HKN offshore wind farm
Business Developments & Projects

2.5 MW electrolyzer delivered for energy hub at HKN offshore wind farm

Elogen has delivered a 2.5 MW electrolyzer for the Baseload Power Hub at the Hollandse Kust Noord (HKN) offshore wind farm.

about 1 year ago
Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, Afreximbank with Eddie Cross – Chairperson, Green Hybrid Power
Business Developments & Projects

Zimbabwe lined up for 1 GW floating solar development

African Export–Import Bank, also referred to as Afreximbank or Banque Africaine d’Import-Export, has signed a $4.4 million project preparation facility agreement with Green Hybrid Power Private to advance feasibility and bankability studies for a 1 GW floating solar photovoltaic (PV) power plant on

about 1 year ago
Construction starts on Chinese pure-electric cable laying vessel
Business Developments & Projects

China’s ZTT starts construction of advanced cable laying vessel

China’s ZTT Submarine Cable & System has begun construction of an advanced cable laying vessel (CLV) that will service offshore wind, island interconnections and regional grid expansion projects in Asia Pacific (APAC). The new-generation, self-propelled CLV will be 139.8 meters long, with a 38-meter

about 1 year ago
Matson
Business Developments & Projects

Matson, Hanwha Philly mark construction progress on new LNG-ready Aloha Class boxship trio

U.S.-headquartered transportation and logistics company Matson and shipbuilder Hanwha Philly Shipyard, a wholly-owned arm of South Korea’s Hanwha Systems and Hanwha Ocean, have marked a construction milestone of the first of three new future-fit Aloha Class container vessels. As disclosed, on August

about 1 year ago
Rendering of an LNG terminal at night
Business Developments & Projects

Technip secures ‘major’ EPC deal for Louisiana LNG terminal

Commonwealth LNG, a firm controlled by the energy-focused alternative investment manager Kimmeridge, has contracted French-based engineering company Technip Energies to provide engineering, procurement, and construction (EPC) services for its liquefied natural gas (LNG) facility under development in

about 1 year ago
Saipem joins Nuclear Energy Maritime Organization
Business Developments & Projects

Saipem joins Nuclear Energy Maritime Organization

Italy’s engineering, drilling, and construction services giant Saipem has become an associate member of Nuclear Energy Maritime Organization (NEMO), an organization focusing on the practical application of new nuclear solutions in the maritime industry.

about 1 year ago
Several men standing behind a desk
Business Developments & Projects

ExxonMobil ending 10-year absence from Libya with offshore study MoU

U.S.-headquartered energy giant ExxonMobil has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to undertake a technical study off the coast of the North African country.

about 1 year ago
Argos offshore platform
Business Developments & Projects

BP kicks off US Gulf extension project early, reinforcing oil & gas focus

The U.K.-headquartered energy giant BP has started up the extension project bringing more oil to its platform in the U.S. Gulf of America.

about 1 year ago