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Business Developments & Projects

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Hurtigruten
Business Developments & Projects

Hurtigruten unveils updated plans for its zero-emission cruise ship

Norwegian coastal cruise ferry company Hurtigruten has shared new renderings and updated plans for its Sea Zero project—the zero-emission ship scheduled to debut in 2030.

about 2 years ago
New EU-funded project launched to replace fossil fuels in maritime transport
Business Developments & Projects

New EU-funded project launched to replace fossil fuels in maritime transport

A group of eleven European partners has launched a new project that seeks to replace the use of fossil fuels and reduce emissions and marine pollution, leading to the decarbonization of maritime transport. The project named MARPOWER (Efficient zero-emissions gas turbine POWER system for MARitime tra

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about 2 years ago
Lhyfe and Elyse Energy’s e-methanol project in France gaining ground
Business Developments & Projects

Lhyfe and Elyse Energy’s e-methanol project in France gaining ground

The conclusions of the initial studies on the e-methanol project Green Coast will be communicated in 2025, according to Lhyfe and Elyse Energy. The project is currently under development and is subject to the granting of operating licences, building permits and financial investment decisions.

about 2 years ago
The CGEN team L-R Mike Galbraith, Joe Burchell, Markus Mueller. CREDIT Mocean Energy
Business Developments & Projects

UK spinout rolls out modular generator to slash offshore renewables costs (Video)

CGEN Engineering, a new spinout company from the University of Edinburgh, has launched a modular generator system, designed to cut offshore renewables’ levelized energy cost (LCOE) by 10% to 15%. According to the University of Edinburgh, the lightweight, stackable system, suited for wave, tidal, an

about 2 years ago
NAM, a Shell-Exxon joint venture, which is paying compensation for homes damaged by seismic activity due to gas extraction in Groningen province, is anticipating the sale of its offshore assets in mid
Business Developments & Projects

As Shell-ExxonMobil JV awaits divestment of offshore assets, Dutch govt facing lawsuit over gas field closure

NAM, a 50/50 joint venture (JV) between the UK-based Shell and the U.S.-headquartered ExxonMobil, is expecting to close its exploration and gas production chapter in the North Sea after more than 60 years next year. However, the inability to settle the dispute regarding the end of gas extraction act

about 2 years ago
BIMCO
Business Developments & Projects

BIMCO introduces first management agreement for autonomous ships

The world’s largest shipping association BIMCO has unveiled that its Documentary Committee has approved the AUTOSHIPMAN agreement, a contractual framework designed to support the rising number of remotely controlled vessels as the maritime industry inches closer to its climate neutrality goals. As d

about 2 years ago
Source: North Sea Transition Authority (NSTA)
Business Developments & Projects

More sustainable and closely coordinated seabed management aim of new UK agreement

UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor

about 2 years ago
Statera Energy plans utility-scale green hydrogen project in UK
Business Developments & Projects

Statera Energy plans utility-scale green hydrogen project in UK

UK’s Statera Energy has submitted plans for a utility-scale green hydrogen project to be built in Aberdeenshire, Scotland.

about 2 years ago
Moray West Seaway7
Business Developments & Projects

Seaway7 wraps up cable work at 882 MW Moray West project

Seaway7 has finished the full engineering, procurement, installation, and commissioning (EPIC) work for the cables at the 882 MW Moray West offshore wind farm in Scotland. Seaway7 has installed 118 kilometers of 66 kV inter-array cables, linking the wind farm’s 60 turbines to two offshore substation

about 2 years ago
Rijeka Gateway
Business Developments & Projects

Croatia’s Rijeka Gateway terminal ready for renewable energy-powered future

The Rijeka Gateway terminal in Croatia, a joint venture between Danish shipping giant A.P. Moller-Maersk’s APM Terminals and Croatian investor Energia Naturalis (ENNA Group), has secured electricity from renewable energy sources to power the operations of its container terminal. The estimate is that

about 2 years ago
ExxonMobil, Helleniq Energy begin second phase of seismic research for gas
Business Developments & Projects

Greece: ExxonMobil, Helleniq Energy begin second phase of seismic research for gas

A consortium of ExxonMobil and Helleniq Energy has commenced the second phase of seismic research at a gas exploration block offshore the Greek island Crete, set to bring the partners toward the final decision for exploration drilling. State company Hellenic Hydrocarbons and Energy Resources Managem

about 2 years ago
COSL Prospector rig; Source: Canarship
Business Developments & Projects

Norwegian oil & gas player cleared to deploy COSL rig for Barents Sea drilling activities

Vår Energi has received the all-clear from Norway’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations at three wells in the Barents Sea.

about 2 years ago
Isle of Man Ship Registry adds four new energy-efficient Berge Bulk vessels to fleet
Business Developments & Projects

Isle of Man Ship Registry adds four new energy-efficient Berge Bulk vessels to fleet

The Isle of Man Ship Registry (IOMSR) has registered four new energy-efficient Newcastlemax bulk carriers from Singapore-based dry bulk owner Berge Bulk.

about 2 years ago
KCA Deutag
Business Developments & Projects

$900 million lands on KCA Deutag’s backlog for cross-geography drilling ops

KCA Deutag has landed multiple new onshore and offshore drilling assignments and extensions, spanning different continents, which expands its total backlog by $900 million.

about 2 years ago