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Business Developments & Projects

Two methanol-ready subsea rock installation vessels to enter offshore wind market in 2026

Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a newly formed partnership between The CSL Group and Offshore Wind Logistics (OWL), has placed an order for the construction of two subsea rock installation vessels that will service the offshore wind sector. The DP2 vessels will each h

about 1 year ago

Business Developments & Projects

DFDS: Turkish logistics acquisition reaches completion

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Danish ferry and logistics company DFDS has completed the acquisition of the international transport network of Ekol Logistics, headquartered in Türkiye’s capital city of Istanbul. As disclosed, DFDS purchased the Turkish logistics player for a debt-free price of DKK 1.8 billion (about €240 million)

about 1 year ago

Business Developments & Projects

Borealis-chartered dual-fuel gas carrier outfitted with Norsepower rotor sails for 4% emission reduction

Wind propulsion specialist Norsepower has completed the installation of two rotor sails on Oceanus Aurora, a dual-fuel very large gas carrier (VLGC) owned by Japanese shipping company IINO Kaiun Kaisha (IINO Lines) and chartered by Austrian chemical company Borealis. Under the contract from March 20

about 1 year ago

DeepOcean, Rem Offshore, Myklebust Shipyard land largest contracts in their histories thanks to Equinor

Business Developments & Projects

DeepOcean, Rem Offshore, Myklebust Shipyard land their largest contracts ever thanks to Equinor

Norwegian ocean services provider DeepOcean has secured what it says is its largest contract on record which includes the provision of subsea inspection, maintenance and repair (IMR) for compatriot state-owned energy company Equinor, keeping it busy for eight years, from 2027 to 2035. DeepOcean said

about 1 year ago

Bright yellow ocean energy device named Mocean Blue X

Business Developments & Projects

Mocean Energy secures new engineering study, crowdfunding campaign gains momentum

Scottish wave energy company Mocean Energy has clinched an engineering study with a “major energy operator” to further explore the integration of its Blue Star wave energy device into their project. According to Mocean Energy, this follows their first collaboration and builds on the growing potentia

about 1 year ago

Business Developments & Projects

India’s SECI and H2Global agree to advance green hydrogen collaboration

Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Solar Energy Corporation of India (SECI) have signed a memorandum of understanding (MoU) to build cross-border hydrogen collaboration. The MoU sign

about 1 year ago

FPSO Abigail-Joseph; Source: Yinson Production

Business Developments & Projects

‘Largest ever Nordic bond’ enables Yinson Production to raise nearly $3 billion in 2024

On a mission to bankroll the upgrade of its FPSOs, Yinson Production has placed a $100 million tap issue, bringing the total amount of the corporate bond to $600 million.

about 1 year ago

Business Developments & Projects

LS Cable & System to supply offshore cables for CIP’s South Korean floating wind project

LS Cable & System has signed a letter of intent (LOI) with Denmark’s Copenhagen Infrastructure Partners (CIP) for the supply of offshore cables for the Haewoori Offshore Wind 3 project in South Korea. The Haewoori floating offshore wind project is planned to be built in three phases, with a total ca

about 1 year ago

Business Developments & Projects

200 kilograms of hydrogen from waste to fuel cargo vessel in 40-day sea trial

UK-based startup Carnot has selected waste-to-hydrogen producer Compact Syngas Solutions to provide 200 kilograms of hydrogen to power a 40-day sea trial of its zero-emission marine engine. Backed by a £2.3 million two-year government grant, Carnot has developed a 70%-efficient 50 kW hydrogen auxili

about 1 year ago

Aberdeen-based firm to lead 'UK's first multi-asset decom scope'

Business Developments & Projects

THREE60 booked for six years to lead ‘UK’s first multi-asset decom scope’

Aberdeen-based energy services company THREE60 Energy has secured a six-year, multi-million-pound contract to lead what it says is the UK’s first multi-asset decommissioning scope. As part of a contract with a major North Sea operator awarded following a competitive tender process, THREE60 Energy sa

about 1 year ago

Business Developments & Projects

Maersk’s Stillstrom deploys offshore charging system in Port of Aberdeen

Stillstrom, Maersk’s offshore power and charging solutions developer, has deployed its Offshore eCharger system in a marine environment in Port of Aberdeen ahead of full offshore trials. The offshore charging system was deployed on Maersk Lifter, a multi-purpose anchor handling tug supply vessel (AH

about 1 year ago

Borgland Dolphin drilling rig; Source: Dolphin Drilling

Business Developments & Projects

Dolphin Drilling getting over $20M for rig cancellation

Dolphin Drilling has struck a deal with a North Sea operator to receive a compensation fee for the early termination of a drilling campaign one of its semi-submersible rigs was hired to carry out on the UK Continental Shelf (UKCS).

about 1 year ago

Business Developments & Projects

Ren-Gas picks Sunfire’s electrolyzer for its renewable e-methane plant in Finland

German electrolyzer manufacturer Sunfire will deliver 50 megawatt (MW) electrolyzer capacity for Nordic Ren-Gas’ renewable e-methane plant in Tampere, Finland.

about 1 year ago

Business Developments & Projects

DNV and Seatrium ally on marine and offshore innovation and sustainability

Norway-based classification society DNV has signed a memorandum of understanding (MoU) with Seatrium, a Singaporean engineering solutions provider to the offshore and marine industries, to cooperate on strategic activities and projects in the areas of engineering, technology and new product design.

about 1 year ago