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Business Developments & Projects

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Provaris raises A$1.5 million to advance hydrogen and CO2 initiatives in Europe
Business Developments & Projects

Provaris raises A$1.5 million to advance hydrogen and CO2 initiatives in Europe

Australian energy company Provaris has secured A$1.5 million (around US$985,000) via a share placement to support its priority business developments related to hydrogen and CO2 projects in Europe. The funding, raised through a well-subscribed placement supported by existing and new institutional and

about 2 years ago
Sval Energi exits Norwegian Sea development by selling share to Equinor
Business Developments & Projects
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Sval Energi exits Norwegian Sea development by selling share to Equinor

Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi

about 2 years ago
New agreements propel marine electrification in Singapore
Business Developments & Projects

New agreements propel marine electrification in Singapore

Singapore and Norway have strengthened their collaboration with two new agreements aimed at advancing sustainable marine electrification solutions in Singapore and across Asia. On November 6, Norwegian companies Evoy and Pascal Technologies signed a letter of intent (LoI) with Singapore’s Lita Ocean

about 2 years ago
Scandlines
Business Developments & Projects

Scandlines’ hybrid ferry electrification project wins innovation award in Germany

Danish ferry operator Scandlines has received an innovation award from the German Transport Research Association (DVWG) for its upcoming project to convert two ferries on the Fehmarn Belt to plug-in hybrid vessels.

about 2 years ago
Maersk renews sustainable logistics collaboration with Syngenta
Business Developments & Projects

Maersk renews sustainable logistics collaboration with Syngenta

Shipping and logistics major A.P. Moller-Maersk and agricultural technology company Syngenta Crop Protection have extended their fourth-party logistics (4PL) partnership for an additional five years.

about 2 years ago
Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry.
Business Developments & Projects

Marine Energy Wales and National Hydropower Association forge cross-Atlantic partnership to boost marine energy

Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry. The agreement seeks to leverage the strengths of each organization to promote industry growth, share expertise,

about 2 years ago
Equinor LS Cable & System
Business Developments & Projects

Equinor, LS Cable & System ink South Korean floating wind agreement

LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating off

about 2 years ago
Seaway Moxie at an offshore wind farm
Business Developments & Projects

Seaway7 wins East Anglia Two inter-array cable contract

Seaway7, part of the Subsea7 Group, has been awarded a contract by ScottishPower Renewables for the transport and installation of the inter-array cables for the 960 MW East Anglia Two offshore wind project in the UK. The deal is worth between $150 million and $300 million, as per Subsea7’s definitio

about 2 years ago
Royal HaskoningDHV to bolster renewable energy consultancy offering with new acquisition
Business Developments & Projects

Royal HaskoningDHV to bolster renewable energy consultancy offering with new acquisition

Dutch engineering consultancy firm Royal HaskoningDHV has acquired compatriot renewable energy consultancy Pondera to pursue new renewable energy and integrated energy systems projects. Through this acquisition, Royal HaskoningDHV seeks to grow and strengthen its offering from offshore wind generati

about 2 years ago
Altera
Business Developments & Projects

Altera Infrastructure lets go of Altera Shuttle Tankers

Altera Infrastructure Holdings, a wholly-owned subsidiary of the UK-based energy services provider Altera Infrastructure, has entered into an agreement to sell all of its membership interests in Altera Shuttle Tankers to Maistros Shiptrade, a company affiliated with the Greek shipping major Angelico

about 2 years ago
A vessel at sea
Business Developments & Projects

Akastor becoming majority owner of Akofs thanks to $22.5 million deal with Japanese player

Norway-based oil services investment company Akastor has signed an agreement with Japan’s Mitsui & Co. to purchase the latter’s shares in Akofs Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services.

about 2 years ago
ITM Power reaches technical milestone in electrolyzer technology development
Business Developments & Projects

ITM Power reaches technical milestone in electrolyzer technology development

UK’s ITM Power has concluded a technical milestone in electrolyzer technology development, having validated an additional 40% iridium loading reduction whilst maintaining stack performance and longevity.

about 2 years ago
Deltama
Business Developments & Projects

Finnlines readies to pick builder of three new green fueled RoPaxes

Finnish shipping company Finnlines revealed it is in the process of shipbuilder selection after which the construction of a new green fueled roll-on/roll-off passenger (RoPax) fleet will proceed.

about 2 years ago
Orbital Marine Power’s O2 floating tidal turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

EU-backed tidal array project targets 9.6 MW of tidal energy by 2027

The EURO-TIDES project is moving forward with plans to establish Europe’s path in tidal energy development with a 9.6 MW pilot tidal array by 2027, at the European Marine Energy Centre’s (EMEC) Fall of Warness tidal site in Orkney. Set to harness tidal resources with four 2.4 MW turbines from Orbita

about 2 years ago