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Business Developments & Projects

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Meyer Werft
Business Developments & Projects

Sinking Meyer Werft receives €400M capital injection from German government

German shipbuilder Meyer Werft, which was hit by a major financial crisis, has received extensive support from the government to secure its economic future.

about 2 years ago
McDermott and BW Offshore join forces on offshore ammonia production
Business Developments & Projects

McDermott and BW Offshore join forces on offshore ammonia production

McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production.

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about 2 years ago
France’s Nexans won a deal to develop the interconnector’s power cable scope (photo depicts cable laying vessel (for illustration purposes); Source: Nexans
Business Developments & Projects

‘World’s longest and deepest’ €2.4 billion subsea green electricity interconnector given a go at Mediterranean energy map metamorphosis

A multi-billion-euro underwater high voltage direct current (HVDC) interconnector project, envisioned to link Europe, the Middle East, and Asia, will connect the green electricity transmission dots for the Cyprus-Greece-Israel triangle, bringing together game-changing low-carbon and clean energy bon

about 2 years ago
Türkiye's new FPSO destined to work at Black Sea gas field; Source: Türkiye's Ministry of Energy and Natural Resources
Business Developments & Projects

300-meter-long FPSO comes to Türkiye: Twofold increase in Black Sea gas production on the horizon (Photo)

Türkiye has welcomed the arrival of its first-ever floating production, storage, and offloading (FPSO) vessel, which is the same size as three standard football fields put together and will double the gas production from the country’s giant field in the Black Sea, once the unit kicks off its 20-year

about 2 years ago
Spliethoff
Business Developments & Projects

Spliethoff Group expands fleet to over 140 vessels through latest acquisition

Dutch shipping company Spliethoff Group has acquired ForestWave, a compatriot company active in the multipurpose shortsea segment, with the latter joining Spliethoff Group as its seventh business unit, expanding the number of vessels commercially operated by the group to a combined fleet of over 140

about 2 years ago
The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO
Business Developments & Projects

US rolls out largest wave power fund in its history to step up the ocean energy game

The U.S. Department of Energy (U.S. DOE), Water Power Technologies Office (WPTO), has issued a $112.5 million funding call to spur the demonstration of wave energy technologies through open water testing and system validation. The WPTO is set to allocate funding over the next five years to support w

about 2 years ago
AFC Energy launches ammonia cracker subsidiary
Business Developments & Projects

AFC Energy launches ammonia cracker subsidiary

AFC Energy has launched Hyamtec, a wholly-owned subsidiary established to commercialize the company’s next-generation distributed ammonia cracking business.

about 2 years ago
A worker in orange uniform and white head protection from Ocean Geophysics
Business Developments & Projects

Dutch offshore wind sector getting new certification boost as workforce demand spikes for offshore ops in UXO domain

After establishing a team to handle the workload, the UK-headquartered Ocean Geophysics has introduced certification support related to the Certification Scheme for the Detection of Explosive Remnants of War (CS-OOO) in the Netherlands to address the rising demand for professionals in unexploded ord

about 2 years ago
Aquaterra Energy’s Recoverable Abandonment Frame technology
Business Developments & Projects

UK firm sets the stage for offshore CCS and hydrogen storage with new well re-entry and re-abandonment tool

UK-headquartered offshore energy engineering solutions provider Aquaterra Energy has unveiled a solution, said to cut costs and save time during legacy well abandonment activities, to lend a helping hand in enabling the era of offshore storage for hydrogen and carbon capture and storage (CCS) projec

about 2 years ago
An illustration of a vessel at dock featuring digital technology elements
Business Developments & Projects

Gazocean smartens up LNG tanker fleet with compatriot firm’s digital solution

Gazocean, a French firm specializing in the technical management of liquefied natural gas (LNG) carriers, has selected the Smart Shipping solution developed by Ascenz Marorka, a compatriot GTT Group company, for its six-vessel fleet.

about 2 years ago
An aerial view of a circular offshore platform surrounded by several smaller vessels
Business Developments & Projects

TotalEnergies to supply ‘world’s largest LNG importing country’ with natural gas until 2034

France’s energy giant TotalEnergies has landed a five-year extension of its liquefied natural gas (LNG) sales and purchase agreement (SPA) with Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC).

about 2 years ago
Babcock wins LR’s nod for ammonia release recovery system
Business Developments & Projects

Babcock wins LR’s nod for ammonia release recovery system

Babcock’s LGE business has received approval in principle (AiP) from the classification society Lloyd’s Register for its ammonia release recovery system, ecoVARSTM.

about 2 years ago
NKT construction of the third extrusion tower is soaring to new heights at the Swedish high voltage factory, where the slipform casting of concrete continues towards the final height of 200 meters; So
Business Developments & Projects

NKT hits 100-meter mark for addition to its huge subsea power cable factory

NKT has made inroads in the construction of a new cable extrusion tower for a power cable factory in Karlskrona, Sweden, which is expected to be the world’s largest high-voltage offshore power cable factory after completion.

about 2 years ago
M/V Ross Eagle; Source: Ross Offshore, part of AGR
Business Developments & Projects

‘Major’ refit around the corner for 2003-built vessel with work-class ROV among new enhancements

AGR has disclosed a list of improvement features that will be added to a ship originally built as a platform supply vessel (PSV), which is said to have emerged as a solution to a major energy industry bottleneck – the scarcity of special-purpose ships, with refurbishment work allowing it to sign up

about 2 years ago