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Business Developments & Projects

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Business Developments & Projects

TAQA enters 700 MW Northern Ireland-Scotland interconnector, route surveys on schedule

UK expert submarine cable and survey services provider A-2-Sea Solutions has been appointed to carry out route surveys for a new HVDC subsea electricity interconnector that will link the Belfast region in Northern Ireland and the Ayrshire region in Scotland. The LirIC interconnector project will hav

about 1 year ago

Floating storage production and offloading unit Bonga at sea

Business Developments & Projects

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TotalEnergies offloading stake in Nigerian deepwater field to Shell for $510M

The Nigerian subsidiaries of two energy giants, the UK-headquartered Shell and France’s TotalEnergies, have inked an agreement for the latter to divest its stake in a production sharing contract (PSC) offshore Nigeria.

about 1 year ago

Business Developments & Projects

ONE commits to green ship recycling as newest member of STRI

Singapore-based liner shipping player Ocean Network Express (ONE) has established a ship recycling policy and joined the Ship Recycling Transparency Initiative (SRTI) to showcase its “commitment to responsible practices and environmental stewardship”.

about 1 year ago

Wave energy developer Eco Wave Power has started infrastructure upgrades at its 1 MW wave energy project in Porto, Portugal.

Business Developments & Projects

Eco Wave Power pays first installment for wave energy project in Portugal

Wave energy developer Eco Wave Power has paid the first installment, 50% of the grid connection fee, for its planned 1 MW wave energy station in Porto, Portugal. The payment was made to E-REDES, the Portuguese electricity distribution system operator. Eco Wave Power also formally accepted the Connec

about 1 year ago

Noble Innovator jack-up rig; Source: Noble Corporation

Business Developments & Projects

BP books Noble rig for carbon storage gig in North Sea

Noble Corporation has landed a new multi-well drilling assignment in the North Sea with BP, the UK-headquartered energy giant.

about 1 year ago

Business Developments & Projects

CMB.TECH, Golden Ocean merger edges closer to the finish line

Belgian shipowner CMB.TECH and dry bulk shipping company Golden Ocean Group (GOGL) have signed an agreement and plan for a stock-for-stock merger. As disclosed, the transaction, which has been greenlit by Golden Ocean’s Board of Directors and CMB.TECH’s Supervisory Board, will see the former merge w

about 1 year ago

Business Developments & Projects

ULA’s new RoRo cargo vessel to feature Schottel’s propulsion suite

Germany’s propulsion system manufacturer Schottel has been selected to provide a full propulsion package for U.S.-based United Launch Alliance’s (ULA’s) new roll-on/roll-off (RoRo) cargo vessel being built by Bollinger Shipyards in Amelia, Louisiana.

about 1 year ago

Business Developments & Projects

SunRui wins BV AiP for its wind propulsion technology

SunRui Marine Environment Engineering Company, a China-based high-tech integrated engineering company and part of China State Shipbuilding Corporation (CSSC), has received approval in principle (AiP) from French class society Bureau Veritas (BV) for its self-developed wind assisted propulsion system

about 1 year ago

Rendering of the Sabine Pass Liquefaction expansion project

Business Developments & Projects

Cheniere strikes long-term LNG supply deal with Canadian firm

Cheniere Marketing, a subsidiary of U.S. liquefied natural gas (LNG) producer and exporter Cheniere Energy, has entered into a multi-year integrated production marketing (IPM) gas supply agreement with Canadian Natural Resources Limited (CNRL), a crude oil and natural gas production company. The IPM

about 1 year ago

Business Developments & Projects

ABS and Pusan National University to collaborate on liquid hydrogen carrier technology

Classification society ABS and South Korea’s Pusan National University have signed a memorandum of understanding (MoU) for the joint research and development of liquid hydrogen carriers and cryogenic engineering.

about 1 year ago

Business Developments & Projects

$44 billion Alaska LNG approaching FID: Partner hunt underway, Worley on final engineering duty

By putting Australia’s Worley in charge of the final engineering works, Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, is edging closer to a final investment decision (FID) for a liquefied natural gas (LNG) export project in Alaska, as a majority owner and lead developer together with its jo

about 1 year ago

BW Opal floating production storage and offloading unit

Business Developments & Projects

FPSO newbuild sets course from Singapore to Australia

A floating production, storage, and offloading (FPSO) unit operated by Norway’s BW Offshore has left Seatrium’s yard in Singapore and is headed to work off the coast of Australia’s Northern Territory. Fully commissioned and ready for offshore deployment, the BW Opal left Seatrium’s Tuas Boulevard Ya

about 1 year ago

Business Developments & Projects

Norsepower to deliver rotor sails for six eco-friendly chemical tanker newbuilds

Finnish cleantech company Norsepower is set to supply six units of its wind propulsion solution for a total of six newbuilding tankers commissioned by Germany’s GEFO Shipping Group. As disclosed, under the terms of the agreement that the two companies have signed, Norsepower will provide its rotor s

about 1 year ago

Business Developments & Projects

HDF Energy and VIMC collaborate to promote hydrogen use in Vietnam’s maritime sector

French hydrogen player HDF Energy and Vietnam Maritime Corporation (VIMC) have signed a strategic memorandum of understanding (MoU) to promote the use of green hydrogen and fuel cell technologies across VIMC’s operations.

about 1 year ago