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Business Developments & Projects

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SubseaBusiness & FinanceInnovationClean FuelGreen MarineFossil EnergyLow-Carbon TransitionOil & GasCarbon Capture Usage & StorageTransitionProject & TendersCollaborationOutlook & StrategyResearch & DevelopmentTechnologyVisionCablingEquipmentSafetyRigsExploration & ProductionHydrogenTechnology & InnovationAuthorities & GovernmentRegulation & PolicyMarine EnergyTidal & Wave EnergyOperations & MaintenanceAlternative FuelsMethanolShipbuildingInfrastructureVessels
NKT T3600 subsea trencher; Source: NKT
Business Developments & Projects

NKT’s subsea trencher coming to fortify offshore power cable infrastructure

NKT has poured funds into the construction of a tool it describes as the world’s most powerful subsea trencher, which is expected to strengthen the offshore power cable ecosystem to ensure the security of supply and the transition to renewable energy.

about 1 year ago
Meriaura
Business Developments & Projects

Finland’s Meriaura returns to family ownership

Finnish shipping company Meriaura has been returned to family ownership under Meriaura Invest Oy’s 100% ownership.

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about 1 year ago
Viking CCS project; Source: Harbour Energy
Business Developments & Projects

UK throws support behind carbon capture and storage pair set to unlock $34 billion by 2035

Offshore Energies UK (OEUK), has deemed the UK’s backing of carbon capture, usage, and storage (CCUS) projects as an important step for the domestic offshore energy industry, as the country works to bankroll its transition from oil and gas to low-carbon technology.

about 1 year ago
Girassol field; Source: TotalEnergies
Business Developments & Projects

PSC extension secured for TotalEnergies’ Angolan deepwater block

TotalEnergies EP Angola, a subsidiary of France’s energy giant TotalEnergies, and its partners have signed an extension of the production sharing contract (PSC) for a block in Angolan deepwater.

about 1 year ago
Connector Subsea Solutions signing a memorandum of understanding with Petrobras.
Business Developments & Projects

Connector Subsea Solutions and Petrobras formalize collaboration on subsea tech

Norway’s Connector Subsea Solutions has signed a memorandum of understanding (MoU) with Brazilian state-owned energy giant Petrobras to advance subsea technology and distribution equipment. The agreement focuses on the development of qualified ball valves for Petrobras’ subsea systems, which are oft

about 1 year ago
Type test qualification of 132kV subsea cables wraps up; Source: JDR
Business Developments & Projects

JDR makes headway with quantifications of subsea cables for offshore energy use

JDR Cable Systems, part of TFKable Group, has finished the type test qualifications for next-generation 132 kV subsea cables designed for offshore energy applications, especially in the fixed and floating offshore wind projects, where it is expected to enable the deployment of larger turbines by dou

about 1 year ago
COSL Prospector rig; Credit: COSL Drilling Europe
Business Developments & Projects

COSL rig set to spin the drill bit in Norwegian waters next month

Equinor has secured a drilling permit for an exploration well in the Barents Sea, which will be drilled next month with COSL Drilling Europe’s semi-submersible rig.

about 1 year ago
Value Maritime
Business Developments & Projects

Value Maritime widens its net in Türkiye via new agreement

The Netherlands-based cleantech company Value Maritime (VM) has broadened its market reach in Türkiye, having inked a commercial representation agreement with technical services consultancy Bulutlu Marine. As disclosed, the two parties shook hands on this deal on June 5 during a maritime conference

about 1 year ago
Korean researchers develop platinum-free hydrogen electrolysis solution
Business Developments & Projects

Korean researchers develop platinum-free hydrogen electrolysis solution

A research team led by Hee-Tak Kim of the Department of Chemical and Biomolecular Engineering, Korea Advanced Institute of Science & Technology (KAIST), in a joint study with Gisu Doo of the Korea Institute of Energy Research (KIER), has developed a platinum-free water electrolysis technology.

about 1 year ago
Illustration; Source: ADNOC
Business Developments & Projects

ADNOC, Inpex, Eni, PTTEP, and Pakistan’s PIOL emerge as winners of three oil & gas blocks

The Supreme Council for Financial and Economic Affairs (SCFEA) has handed out three separate oil and gas production concessions to the UAE-based Abu Dhabi National Oil Company (ADNOC) and its partners, including Japan’s Inpex Corporation, Italy’s Eni, Thailand’s PTTEP, and Pakistan International Oil

about 1 year ago
A shipyard at night
Business Developments & Projects

ModuSpec lands rig inspection job off Egypt

MR Group’s ModuSpec, a rig intake and inspection specialist, has won contracts for work related to rigs in operation onshore and offshore Egypt.

about 1 year ago
Minesto's Dragon 12 tidal energy kite ready to operate
Business Developments & Projects

Minesto’s Dragon 12 hits 25% performance boost after tether upgrade

Swedish tidal energy developer Minesto’s upgraded Dragon 12 tidal energy device, deployed in Vestmannasund, Faroe Islands, has reached a performance milestone, delivering a 25% increase in power output following the installation of a longer tether. According to Minesto, the ten-meter extension to th

about 1 year ago
SAL Heavy’s fleet grows with launch of fourth methanol-ready Orca class ship
Business Developments & Projects

SAL Heavy’s fleet grows with launch of fourth methanol-ready Orca class ship

Germany’s maritime heavy lift and project cargo carrier SAL Heavy Lift has reached a new milestone in the construction of its methanol-ready Orca class fleet with the launch of the fourth unit, Carlotta.

about 1 year ago
AHTS Skandi Cutter; Source: DOF
Business Developments & Projects

Multi-year extension for DOF’s 2015-built vessel in Canada

DOF Group has secured more work for one of its anchor handling tug supply (AHTS) vessels off the coast of Canada, enabling the ship to remain working for its current employer.

about 1 year ago