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Business Developments & Projects

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Höegh Evi, Wärtsilä roll out ‘world’s first’ floating ammonia-to-hydrogen cracker
Business Developments & Projects

Höegh Evi, Wärtsilä roll out ‘world’s first’ floating ammonia-to-hydrogen cracker

Marine energy infrastructure developer Höegh Evi and Wärtsilä Gas Solutions, part of technology group Wärtsilä, have developed what is said to be the world’s first floating ammonia-to-hydrogen cracker.

about 1 year ago
Study confirms ‘great potential’ for future Germany-UK subsea hydrogen pipeline
Business Developments & Projects

Study confirms ‘great potential’ for future Germany-UK subsea hydrogen pipeline

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The UK Department for Energy Security and Net Zero (DESNZ) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK) have presented the results of the joint feasibility study on the potential pipeline-based hydrogen trade between the UK and Germany.

about 1 year ago
Stolthaven Terminals and Rönesans Holding unite to develop new terminal in Türkiye
Business Developments & Projects

Stolthaven Terminals and Rönesans Holding unite to develop new terminal in Türkiye

Stolthaven Terminals has partnered with Rönesans Holding on the development of a new terminal, located in Ceyhan, Adana, Türkiye.

about 1 year ago
LNG terminal
Business Developments & Projects

Polish player to deliver more US-sourced LNG to Ukraine

Poland’s Orlen Group has signed an agreement with Ukraine’s Naftogaz for the delivery of liquefied natural gas (LNG) from the United States.

about 1 year ago
Fugro to conduct surveys for Equinor's stalled $12B oil project off Canada
Business Developments & Projects

Fugro to conduct surveys for Equinor’s stalled $12B oil project off Canada

Dutch geo-data specialist Fugro has won a contract to perform surveys for an oil project located off the coast of Newfoundland and Labrador being developed by Norwegian state-owned energy firm Equinor. In its financial results for the first quarter of 2025, issued today, April 24, Fugro reported tha

about 1 year ago
Norden, MASH Makes utilize biofuel from carbon-negative process in ‘world’s first’ trial
Business Developments & Projects

Norden, MASH Makes utilize biofuel from carbon-negative process in ‘world’s first’ trial

Danish shipping company Norden, in collaboration with renewable energy company MASH Makes, has completed the “world’s first” commercial vessel trial using biofuel produced from a carbon-negative process.

about 1 year ago
An offshore rig
Business Developments & Projects

With funding locked in, UK firm adds Asia Pacific drilling campaign to summer plans

UK-based and AIM-listed Sunda Energy, formerly Baron Oil, has signed multiple agreements related to the drilling campaign it intends to undertake on a gas field offshore Timor-Leste.

about 1 year ago
Gen2 Energy to develop another green hydrogen facility in Norway
Business Developments & Projects

Gen2 Energy to develop another green hydrogen facility in Norway

Gen2 Energy and Farsund municipality have signed an agreement under which Gen2 Energy can secure, on a long-term basis, the industrial site Lundevågen Havneområde in Farsund to build a production facility for green hydrogen.

about 1 year ago
Oceaneering ‘outperforms expectations’ so far in 2025 thanks to ‘resilient ROV use and strong vessel activity’
Business Developments & Projects

Oceaneering ‘outperforms expectations’ so far in 2025 thanks to ‘resilient ROV use and strong vessel activity’

U.S. subsea engineering and applied technology firm Oceaneering International has achieved a revenue of $675 million in the first quarter of 2025, a 13% increase year over year, outperforming expectations due to “resilient utilization of remotely operated vehicles (ROVs) and strong vessel activity”.

about 1 year ago
Photo of the floaters from Eco Wave Power's Israeli project, for illustration purposes
Business Developments & Projects

Shell-backed wave energy pilot in LA moves ahead with local floater build

Wave energy developer Eco Wave Power has signed a manufacturing agreement with California-based All-Ways Metal for the production of floaters for its first U.S. wave energy installation at the Port of Los Angeles. All-Ways Metal, a woman-owned fabrication company, is expected to deliver the floaters

about 1 year ago
First 3,800 dwt diesel-electric ship officially joins Wilson’s fleet
Business Developments & Projects

First 3,800 dwt diesel-electric ship officially joins Wilson’s fleet

Norwegian shipping company Wilson ASA has welcomed the first newbuild 3,800 dwt diesel-electric cargo ship to its fleet.

about 1 year ago
Platinum Explorer drillship; Source: Vantage Drilling
Business Developments & Projects

Vantage secures work for ultra-deepwater drillship

Offshore drilling contractor Vantage Drilling International has signed a conditional letter of award (CLOA) for an ultra-deepwater drillship from its fleet with an unnamed client.

about 1 year ago
CMB.TECH and Golden Ocean to merge into ‘one of largest diversified listed maritime groups’
Business Developments & Projects

CMB.TECH and Golden Ocean to merge into ‘one of largest diversified listed maritime groups’

Dry bulk shipping company Golden Ocean Group (GOGL) and Belgian shipowner CMB.TECH have signed a term sheet for a contemplated merger, which is expected to create “one of the largest diversified listed maritime groups in the world” with a combined fleet of more than 250 vessels.

about 1 year ago
An offshore platform
Business Developments & Projects

Fleet staying active as Prosafe navigates strategic divestments

Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shared its fleet activity for March.

about 1 year ago