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Business Developments & Projects

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Wärtsilä: Engine upgrades to improve CII on Ulusoy bulker duo
Business Developments & Projects

Wärtsilä: Engine upgrades to improve CII on Ulusoy bulker duo

Finnish technology group Wärtsilä has been contracted to upgrade the main engines on two bulk carriers owned by Türkiye-based Ulusoy Sealines. The upgrade is expected to result in nearly 250 tons of annual fuel savings and a reduction of CO2 emissions by around 780 tons per year per vessel.

about 1 year ago
Four men standing next to each other
Business Developments & Projects

Asian major signs up for ADNOC’s lower-carbon LNG

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Abu Dhabi National Oil Company (ADNOC) has signed a long-term sales and purchase agreement with Japan’s Mitsui & Co. for the delivery of liquefied natural gas (LNG) from the Ruwais LNG project.

about 1 year ago
CETO will be deployed at a site between SAITEC’s DemoSATHoffshore wind turbine (back left) and Tecnalia’s HarshLab (front right).
Business Developments & Projects

Carnegie Clean Energy launches InvestorHub to streamline shareholder updates

Australia’s wave energy developer Carnegie Clean Energy has rolled out a new online portal designed to centralise investor communications and provide regular updates on its key projects. According to Carnegie, the platform, InvestorHub, will host content including project developments, videos, and c

about 1 year ago
New partnership looking to decarbonize Indonesia’s maritime sector with hydrogen solutions
Business Developments & Projects

New partnership looking to decarbonize Indonesia’s maritime sector with hydrogen solutions

PT HDF Energy Indonesia has signed a memorandum of understanding (MoU) with the Indonesian Ministry of Transportation, PT PLN (Persero) and PT ASDP Indonesia Ferry (Persero) to explore decarbonizing Indonesia’s maritime sector using locally produced green hydrogen.

about 1 year ago
Cross-border CO2 storage customer booked for Denmark's Project Greensand
Business Developments & Projects

Cross-border CO2 storage customer booked for Denmark’s Project Greensand

INEOS, on behalf of Project Greensand, has signed a cross-border agreement with Öresundskraft Kraft & Värme to explore the storage of CO2 from Sweden at the Greensand offshore storage facility in the Danish North Sea, starting from 2028. The agreement will see the partners explore the storage of up

about 1 year ago
An LNG tanker at sea
Business Developments & Projects

German firm books LNG from Woodside’s ‘largest growth project’

Australia’s energy giant Woodside Energy has signed two liquefied natural gas (LNG) sale and purchase agreements with Germany’s Uniper.

about 1 year ago
Belgian shipowner books 20,000 cbm LNG bunker vessel at China’s CIMC SOE
Business Developments & Projects

Belgian shipowner books 20,000 cbm LNG bunker vessel at China’s CIMC SOE

Chinese shipbuilder CIMC Sinopacific Offshore & Engineering (CIMC SOE) has secured a new contract to build a 20,000 cubic meter (cbm) LNG bunkering vessel.

about 1 year ago
Large vessel docked offshore
Business Developments & Projects

Inaugural cargo lifted from FLNG at BP’s African deepwater project

The UK-headquartered oil and gas giant BP has loaded the first liquefied natural gas (LNG) cargo from its project offshore Mauritania and Senegal onto an LNG carrier.

about 1 year ago
Glomar Wave
Business Developments & Projects

UXO removal work underway at Hornsea Three OWF export cable route

Ørsted is conducting a confirmed unexploded ordnance (cUXO) removal campaign along the export cable route of the Hornsea Three offshore wind project in the UK and a potential UXO (pUXO) inspection campaign in the array area. As of April 14, 24 confirmed UXOs within the Hornsea Three export cable rou

about 1 year ago
Nexans to start repairing damaged Finland-Estonia subsea link next month
Business Developments & Projects

Nexans to start repairing damaged Finland-Estonia subsea link next month

Nexans has been tasked to carry out subsea cable repair on the electricity transmission link between Finland and Estonia that was damaged at the end of December 2024, with the activities set to begin in May and the link expected to start operating again in July. To remind, Finnish transmission syste

about 1 year ago
Norway’s largest zero-emission ferry sets sail
Business Developments & Projects

Norway’s largest zero-emission ferry sets sail

Construction of Norway’s largest zero-emission ferry has been completed at Cemre Shipyard in Türkiye, and the vessel has embarked on the voyage toward Norway.

about 1 year ago
An offshore rig at sunset
Business Developments & Projects

$1.63 billion gig lands on ADNOC Drilling’s docket

UAE-based drilling giant ADNOC Drilling has received a letter of award for integrated drilling services (IDS) from its sister company, ADNOC Offshore.

about 1 year ago
Design concept for grid scale Porpoise Power tidal energy unit.
Business Developments & Projects

UK firm raises almost $1.6M to scale dolphin-inspired tidal energy tech (Video)

Porpoise Power, a tidal energy spin-out from the University of Oxford, has exited stealth with a £1.2 million (approximately $1.58M) pre-seed round led by Zero Carbon Capital (ZCC), alongside Creator Fund and Oxford Science Enterprises (OSE). According to ZCC, the UK startup is developing a bio-ins

about 1 year ago
FPSO One Guyana; Source: SBM Offshore via LinkedIn
Business Developments & Projects

SBM Offshore FPSO’s miles-long journey ends in Guyana as first oil date approaches (Gallery)

SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has bid welcome to its new FPSO vessel destined for ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.

about 1 year ago