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Business Developments & Projects

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Ocean Power Technologies has inked a memorandum of understanding (MoU) with AltaSea at the Port of Los Angeles
Business Developments & Projects

Pacific Coast govts set sights on port electrification and maritime decarbonisation

Pacific Coast governments — California, Oregon, Washington and British Columbia — have signed a new Statement of Cooperation (SOC), including a new initiative to pursue zero-carbon shipping and to decarbonize port equipment and operations.

about 4 years ago
Enbridge acquires TGE to expand renewable business in North America
Business Developments & Projects

Enbridge acquires TGE to expand renewable business in North America

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Canadian pipeline company Enbridge has acquired Tri Global Energy (TGE), the US renewable project developer, to speed up its growth strategy in North America. Enbridge has closed the acquisition for $270 million in cash and assumed debt. Additionally, up to approximately $50 million in payments coul

about 4 years ago
EverWind
Business Developments & Projects

EverWind, Svitzer to deploy 1st green fuel-powered tugs in Canso Strait

EverWind Fuels, a Nova Scotia-based developer of green hydrogen and ammonia production, and Svitzer, a Danish towage operator and part of A.P. Moller-Maersk, have signed a memorandum of understanding (MOU) to deploy one of the world’s first green fuel-powered commercial tug vessels in the Canso Stra

about 4 years ago
Bay du Nord FPSO
Business Developments & Projects

Norwegian contractor designs hull for Bay du Nord FPSO

Norway’s Salt Ship Design has designed a hull for a harsh environment FPSO, which will serve on Equinor’s Bay du Nord project in Canada.

about 4 years ago
Ports of Halifax and Hamburg
Business Developments & Projects

Ports of Halifax and Hamburg forge ties on hydrogen, green energy corridor

The Halifax Port Authority and Hamburg Port Authority have joined hands on decarbonizing the shipping corridor between Halifax, on Canada’s east coast, and Hamburg, along Germany’s northwest coast. The two port authorities signed a Memorandum of Understanding in Hamburg on September 29, 2022. The Mo

about 4 years ago
Equinor is using the West Hercules rig for Canada ops
Business Developments & Projects

Equinor forced to restart Canadian well due to operational challenges

Norwegian energy giant Equinor has encountered difficulties during its drilling operations offshore Canada. As a result, operations will take longer than previously expected.

about 4 years ago
TransGlobe shareholders urged to vote for merger with Vaalco
Business Developments & Projects

TransGlobe shareholders urged to vote for merger with Vaalco

TransGlobe shareholders are being encouraged to vote in favour of the proposed business combination with Vaalco.

about 4 years ago
Shift
Business Developments & Projects

Shift Clean Energy, STADT partner up to electrify global shipping

Canadian energy storage solutions provider Shift Clean Energy has joined forces with a Norwegian vendor and system integrator of electric propulsion STADT to deliver sustainable propulsion and energy storage solutions to the marine industry.

about 4 years ago
Transocean Barents rig
Business Developments & Projects

Regulator lays charges against Transocean over rig incident

Canadian offshore regulator has laid charges against Transocean related to an incident on one of the contractor’s rigs back in September 2019.

about 4 years ago
An image mapping North Sea Energy Island in Denmark
Business Developments & Projects

In focus: The X factor of Power-to-X

While the world is working toward having as much renewable energy as possible, green fuels and energy storage could be what saves the day, at least for energy-intensive industries. News on hydrogen and ammonia projects, and renewable energy developments with Power-to-X components this week certainly

about 4 years ago
FSG
Business Developments & Projects

FSG, Oceanex to cooperate on design of climate-neutral ConRo vessel

Germany’s shipyard Flensburger Schiffbau-Gesellschaft (FSG) and Canadian based Oceanex have signed a memorandum of understanding (MoU) on the innovative design of a climate-neutral container roll-on/roll-off (ConRo) vessel.

about 4 years ago
Illustration of Bay du Nord FPSO
Business Developments & Projects

Equinor to press on with procurement processes for Bay du Nord oil project

Equinor will continue its Bay du Nord procurement processes, including options such as the recent expression of interest for FPSO Topside Engineering and Procurement for FEED, with an option for execution.

about 4 years ago
EverWind Fuels and E.ON parter up for green ammonia import
Business Developments & Projects

EverWind Fuels and E.ON partner up for green ammonia import

EverWind Fuels and E.ON have agreed to import green ammonia at scale to Germany starting in 2025 from EverWind’s initial production facility in Point Tupper, Nova Scotia.

about 4 years ago
Following near-miss incident, crane operations ground to a halt at Canadian platform
Business Developments & Projects

Following near-miss incident, crane operations ground to a halt at Canadian platform

After a near-miss incident occurred on a platform located offshore Canada, an investigation has been launched to look into it.

about 4 years ago