Business Developments & Projects
As oil & gas player closes the book on Norwegian ops, rebranding coming soon for one opened in Southeast Asia
Longboat Energy has ended its oil and gas story in Norway by wrapping up the divestment of its assets and will focus on building a full-cycle E&P business in Southeast Asia.
Dutch cable logistics company expands with purchase of compatriot firm
Dutch provider of solutions for transport, handling and storage of subsea cables WIND Group has acquired compatriot equipment engineering and manufacturing company Draftec. Founded in 2009, Draftec has grown into a specialized system integrator and manufacturer of custom-designed, multi-disciplinary
P&O Ferries officially names second double-ended hybrid ship
British ferry operator P&O Ferries has held the naming ceremony for its second newbuild double-ended hybrid ship, P&O Liberté.
RWE’s large hydrogen projects in Germany receive €818 million boost
The German and federal state governments have granted €818 million in funding to RWE’s large hydrogen projects.
WATCH: World’s largest offshore construction vessel takes former platform’s jacket out of North Sea as recycling time comes
Allseas has performed another removal task in the North Sea with its giant offshore construction vessel for Aker BP, a Norwegian oil and gas player.
After 28 days at sea, Prysmian’s new cable layer reaches Norway for final fit-out (Video)
Prysmian’s new cable laying vessel (CLV) Monna Lisa has arrived at Vard’s shipyard in Norway from Romania, with outfitting completion, installation of main mission equipment and trials now on schedule. After the Italian cable giant disclosed plans to invest in the CLV Monna Lisa, a sister vessel to
CIPP picks potential operator for green ammonia export terminal in Brazil
Stolthaven Terminals, in cooperation with Global Energy Storage (GES), has been selected by the Port of Pecém Authority (CIPP) as the only potential operator to plan, design, build and operate a green ammonia terminal in Pecém, in the State of Ceará, Brazil.
Höegh Autoliners launches third multi-fuel Aurora-class vessel
Norway-based shipping company Höegh Autoliners has launched the third multi-fuel Aurora-class pure car and truck carrier (PCTC).
Cable installation on schedule at first US full-scale wave energy test site
Cable installation for what is the first pre-permitted, utility-scale, grid-connected wave energy test site in the U.S. is scheduled to commence later this month. The cables will support Oregon State University’s PacWave South facility, which when completed will allow wave energy developers to test
MSC acquires Gram Car Carriers, expanding reach in car transportation market
SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company — the world’s largest container shipping company, has taken a majority stake in Norwegian transportation company Gram Car Carriers (GCC).
Shell’s field disappears from horizon with heaviest offshore lift ever performed
Allseas has completed the removal of the fourth and final platform from Shell’s Brent field in the UK’s North Sea as part of a decommissioning project that took over a decade to conclude. The Brent oil and gas field, located northeast of the Shetland Islands, was one of the largest fields in the Nor
Wales sees ‘significant slowdown’ in marine energy spending
Wales’ marine renewable energy sector delivered £29.9 million to the Welsh economy during the 2023 / 24 financial year, a significant slowdown in spending compared to last year’s total of £103.4 million, according to a report by Marine Energy Wales. The decline is thought to be down to the conclusio
Dynelectro secures €11 million for electrolyzer technology development
Dynelectro has raised €11 million to develop and deploy its 1-MW dynamic electrolyzer unit (DEU) at European Energy’s Danish renewable energy facility.
Titan wraps up first-ever ship-to-ship LNG bunkering operation in Cuxhaven
Low and zero-emission fuels supplier Titan has completed what is said to be the first-ever LNG bunkering operation by ship in the port of Cuxhaven, Germany, marking another industry-first.