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Business Developments & Projects

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BAR Technologies
Business Developments & Projects

Union Maritime gears up for arrival of ‘world’s first’ newbuild tanker fitted with WAPS

The UK-based shipping player Union Maritime (UML) is all but ready to receive its future-proof long-range 2 (LR2) tanker, the first in a batch of fourteen, equipped with a wind-assisted propulsion solution (WAPS) developed by compatriot design and engineering firm BAR Technologies. As disclosed, the

about 1 year ago
Centrica
Business Developments & Projects

£20 billion gas deal gives UK’s energy security a shot in the arm

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Equinor has inked a multi-year gas sales agreement with Britain’s Centrica, which is expected to strengthen energy security in the United Kingdom (UK).

about 1 year ago
bound4blue
Business Developments & Projects

bound4blue WAPS performance calculation method wins DNV nod of approval

Spanish automated wind-assisted propulsion system specialist bound4blue has secured validation from Norway’s classification society DNV for its wind propulsion performance methodology. As disclosed, bound4blue received DNV’s approval on June 5 for its ‘wind propulsion system force matrix’ calculatio

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

Petrobras makes a play for offshore acreage in Côte d’Ivoire

Petrobras has taken steps to secure offshore assets in Côte d’Ivoire, also known as Ivory Coast, by handing over a declaration of interest for exploration blocks in this country, which is located on the west coast of Africa.

about 1 year ago
AMEA Power and Kyuden International forge clean energy and hydrogen partnership
Business Developments & Projects

AMEA Power and Kyuden International forge clean energy and hydrogen partnership

AMEA Power and Kyuden International Corporation have signed a memorandum of Understanding (MoU) to jointly develop renewable energy and green hydrogen projects.

about 1 year ago
FPSO Bleo Holm; Source: Bluewater
Business Developments & Projects

Canadian firm sheds UK business and stake in North Sea oil discovery

New European Offshore (NEO Energy) is set on expanding its oil and gas portfolio by picking up a new addition, thanks to Canada’s Gran Tierra Energy, which has taken steps to offload its UK subsidiary, Gran Tierra North Sea Limited (GTNSL), which holds an interest in an oil discovery.

about 1 year ago
Hanwha Ocean and KR set sights on next-gen ammonia and LNG carriers
Business Developments & Projects

Hanwha Ocean and KR set sights on next-gen ammonia and LNG carriers

South Korean shipbuilding major Hanwha Ocean and compatriot classification society Korean Register (KR) have joined forces to develop an ultra-large ammonia carrier and a forward deckhouse LNG carrier.

about 1 year ago
Everllence
Business Developments & Projects

MAN Energy Solutions bows out—Everllence steps in

After years under a familiar banner, Germany’s engine maker MAN Energy Solutions (MAN ES) has bid farewell to its name, having stepped into a new identity – Everllence. As disclosed, Everllence remains part of the Volkswagen Group, and the company’s product and service portfolio also remains unchang

about 1 year ago
MODEC FPSO
Business Developments & Projects

MODEC and UK firm going in hot pursuit of FPSO-based carbon capture tech

MODEC has joined forces with the UK-headquartered Carbon Clean Solutions to explore opportunities for accelerated development and deployment of offshore carbon capture technology on floating production, storage, and offloading (FPSO) units to curb the carbon footprint from operations.

about 1 year ago
CMA CGM
Business Developments & Projects

Industry giants eye e-methanol bunkering and export facility in UAE

AD Ports Group, Masdar, Advario, and CMA CGM Group have signed a collaboration agreement to explore the feasibility of developing an e-methanol bunkering and export facility at Khalifa Port and KEZAD, UAE.

about 1 year ago
Wah Kwong sets up clean fuels-focused subsidiary
Business Developments & Projects

Wah Kwong sets up clean fuels-focused subsidiary

Hong Kong-based shipowner Wah Kwong has established a new subsidiary dedicated to the procurement and trading of clean fuels as part of its broader strategy to diversify and advance clean energy solutions for the maritime industry.

about 1 year ago
Transocean Spitsbergen rig; Source: Transocean
Business Developments & Projects

Transocean rig lines up more offshore drilling work in Norwegian waters

Transocean has landed a new contract extension for one of its semi-submersible rigs, which is working off the coast of Norway.

about 1 year ago
Five-year plan: Allseas enters ‘next frontier’ as its turns to nuclear technology
Business Developments & Projects

Five-year plan: Allseas enters ‘next frontier’ as its turns to nuclear technology

Offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has launched a five-year plan to pioneer nuclear technology to optimize operations for energy-intensive offshore vessels and industrial clusters. Describing nuclear as “the next frontier”, the company noted that t

about 1 year ago
New dual-fuel LNG PCTC joins UECC’s eco-friendly fleet on European route
Business Developments & Projects

New dual-fuel LNG PCTC joins UECC’s eco-friendly fleet on European route

Norwegian RoRo transportation provider United European Car Carriers (UECC) has added another dual-fuel LNG pure car and truck carrier (PCTC) to its eco-friendly fleet.

about 1 year ago