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IDOM has started testing a new air turbine design at the Mutriku wave power plant as part of the activities of the EuropeWave project.

Business Developments & Projects

IDOM turbine undergoing tests at Mutriku wave power plant

The Basque technology firm IDOM has started testing a new air turbine design at the Mutriku wave power plant as part of the activities of the EuropeWave project. According to the Biscay Marine Energy Platform (BiMEP), the testing is being carried out in the experimental area of the Mutriku facility

about 1 year ago

Business Developments & Projects

LNG newbuild pair joining Polish player’s chartered fleet

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Knutsen LNG, part of Norwegian shipping company Knutsen, has taken over a liquefied natural gas (LNG) carrier from HD Hyundai Samho Industries’ shipyard in South Korea to deliver it to its new charterer, Poland’s Orlen.

about 1 year ago

Business Developments & Projects

Shell gives Subsea7 work on its Gulf of America deepwater project

Subsea7 has tucked a new assignment under its belt with Shell for a floating production system (FPS) destined for a deepwater development in the Gulf of America, formerly known as the U.S. Gulf of Mexico.

about 1 year ago

Business Developments & Projects

VARD building 121-meter Taiwan-bound subsea construction vessel

Norway’s VARD has signed a €113.5 million contract with Taiwan-based Dong Fang Offshore (DFO) to design and build an offshore subsea construction vessel that will be dedicated to performing work in the offshore wind and telecom sectors, with the contract also including options. The 121.3-meter-long

about 1 year ago

Noble Resillient jack-up rig; Source: Petrogas

Business Developments & Projects

Noble rig reaches endpoint at North Sea drilling campaign crowned with ‘great discovery’

Petrogas E&P has crossed the finish line at its drilling program in the UK sector of the North Sea, which led to a gas discovery drilled by a 16-year-old jack-up rig owned by Noble Corporation, a U.S.-based offshore drilling giant.

about 1 year ago

Digital rendering of a CO2 export terminal

Business Developments & Projects

Partners testing feasibility of CO2 storage at mature oil field off Australia

Japanese engineering company Chiyoda Corporation and Knutsen NYK Carbon Carriers (KNCC), a joint venture between Japanese shipping major NYK and Norway’s vessel operator Knutsen Group, have won a contract for a feasibility study related to a carbon capture and storage (CCS) project Australia’s Pilot

about 1 year ago

Business Developments & Projects

Mabanaft and HIF Global shake hands on e-methanol purchase for shipping industry

German energy company Mabanaft and e-fuels producer HIF Global have signed a heads of agreement (HoA) for the planned offtake of e-methanol for the shipping industry.

about 1 year ago

Business Developments & Projects

Crantz steps down as Argeo’s CEO, interim appointed

Norwegian subsea services provider Argeo has appointed an interim chief executive officer (CEO) as the current CEO Trond F. Crantz has stepped down from the role. Argeo’s Board of Directors yesterday, April 3, appointed Jan P. Grimnes to serve as interim CEO of the company following the decision tha

about 1 year ago

Business Developments & Projects

MOL conducts biofuel bunkering on Capesize bulker for BHP

Japanese shipping player Mitsui O.S.K. Lines (MOL) has completed biofuel bunkering on its Capesize bulk carrier, expecting about 750 tons of CO2 emission reduction.

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 locks in €600K contract for CETO wave tech deployment in Spain

Australia’s wave energy developer Carnegie Clean Energy has secured a contract with the Biscay Marine Energy Platform (BiMEP) to install and test its CETO wave energy technology in Spain. The agreement, signed by Carnegie’s subsidiaries CETO Wave Energy Ireland and Carnegie Technologies Spain, final

about 1 year ago

Offshore oil rigs in Southern California; Credit: Drew Bird Photography

Business Developments & Projects

Trump administration hit with lawsuit over oil platform trio’s restart off California

A new legal battle is on the U.S. energy horizon as part of an attempt to challenge and foil the allegedly outdated plans for three aging oil platforms off the coast of California.

about 1 year ago

Business Developments & Projects

New York and New Jersey greenlight Maersk’s container terminal lease extension

The Port Authority of New York and New Jersey (PANYNJ) has decided to extend the lease of a container terminal operated by APM Terminals, a unit of Denmark-based shipping giant A.P. Moller-Maersk, a move that is expected to clear the path for “major” infrastructure investments. As divulged, the PANY

about 1 year ago

Business Developments & Projects

Australia’s gas supply secure for next quarter amid industry commitments

The Australian Government has decided not to activate the mechanism to secure additional quantities of liquefied natural gas (LNG) for 3Q 2025 as it feels confident that the current volumes are sufficient to cover the forecasted demand.

about 1 year ago

Business Developments & Projects

MMMCZCS: Retrofit project preparing bulkers for methanol paves the way to greener shipping

The project for retrofitting conventionally-fueled Kamsarmax bulk carrier to dual-fuel methanol, co-led by MMMCZCS and Tsuneishi Shipbuilding, has received approval in principle (AiP), paving the way for green transition within the medium-size bulk carrier sector.

about 1 year ago