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Business Developments & Projects

It’s official: Nel to receive €135 million for industrialization of electrolyzer technology

Norwegian company Nel has formally signed a €135 million grant agreement with the EU’s Innovation Fund to support the industrialization of its next-generation electrolyzer technology.

about 1 year ago

Wave energy developer Eco Wave Power has started infrastructure upgrades at its 1 MW wave energy project in Porto, Portugal.

Business Developments & Projects

Eco Wave Power advances infrastructure work for Portugal wave energy project

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Wave energy developer Eco Wave Power has started infrastructure upgrades at its 1 MW wave energy project in Porto, Portugal. According to Exo Wave Power, the work focuses on preparing “The Gallery,” a breakwater tunnel, to install wave energy conversion equipment. The company is clearing sand and de

about 1 year ago

Business Developments & Projects

Thecla Bodewes: Keel laid for Navigare Shipping’s first diesel-electric Gadus vessel

Dutch shipbuilder Thecla Bodewes Shipyards has laid the keel for the first diesel-electric multi-purpose dry cargo vessel ordered by Norway-based company Navigare Shipping & Logistics.

about 1 year ago

Business Developments & Projects

TDI-Brooks wraps up geotechnical gig at Trinidad and Venezuela’s joint gas project

U.S.-headquartered TDI-Brooks has completed a third-party geotechnical coring project offshore Trinidad and Tobago for Geohidra, a Venezuelan company. The operation was carried out from the Dragon Field offshore Venezuela to the Shell-operated Hibiscus platform off Trinidad and Tobago’s North Coast,

about 1 year ago

FPS Shenandoah; Source: COSCO Shipping & Guangzhou Salvage Heavy Transport (CSGS)

Business Developments & Projects

America’s deepwater project edging closer to first oil as FPS reaches Gulf Coast

Beacon Offshore Energy is closing in on the first oil from its deepwater project in the Gulf of Mexico/Gulf of America, as a floating production system (FPS) has come to the Gulf Coast of Texas, U.S.

about 1 year ago

Business Developments & Projects

Dutch firm in charge of putting two offshore oil platforms in place by mid-May

Marine Masters has been handpicked to handle the installation works for two offshore wellhead platforms in the Gulf of Kutch for SunPetro, said to be India’s second-largest private oil producer.

about 1 year ago

Ichthys LNG booster compressor module (BCM) lifted and installed onto the Ichthys Explorer central processing facility (CPF); Source: Inpex Australia

Business Developments & Projects

Heerema’s vessel done with Australian installation job to expand gas project’s production lifespan (Gallery)

Inpex has disclosed the end of a miles-long journey, which Heerema Marine Contractors and its heavy lift vessel embarked on to transport a liquefied natural gas (LNG) booster compression module (BCM) from Indonesia to Australia, where it was put in place to up the production ante from a subsea reser

about 1 year ago

Business Developments & Projects

Costamare to spin off dry bulk business

Costamare, owner and provider of containerships and dry bulk vessels for charter, has revealed plans to spin off its dry bulk business.

about 1 year ago

Business Developments & Projects

InfraVia to take 80 pct stake in Louis Dreyfus Armateurs

InfraVia, a France-based private equity company has entered into negotiations with the Louis-Dreyfus family to acquire a majority stake in compatriot maritime firm Louis Dreyfus Armateurs (LDA).

about 1 year ago

Business Developments & Projects

US renews Serica’s North Sea field sanction exemption

UK-based upstream oil and gas player Serica Energy has secured an extension of a sanction waiver from the United States Office of Foreign Assets Control (OFAC) for its field in the UK sector of the North Sea.

about 1 year ago

Business Developments & Projects

ABL settles in Namibia to support local oil & gas and energy transition

Energy and marine consultancy ABL has expanded its operations to Namibia with the aim of supporting the local oil & gas market, as well as the country’s energy transition. The new entity will provide the company’s full technical service offering in energy and marine consulting, with a focus on marin

about 1 year ago

Business Developments & Projects

ADNOC secures fourth sales and purchase deal for Ruwais LNG

Abu Dhabi National Oil Company (ADNOC) has signed a liquefied natural gas (LNG) sales and purchase agreement (SPA) with Japan’s Osaka Gas.

about 1 year ago

Business Developments & Projects

KfW IPEX finances Carisbrooke’s diesel-electric ships

Germany’s KfW IPEX-Bank has decided to support the fleet renewal program of the British shipping company Carisbrooke Shipping with financing amounting to around €26 million.

about 1 year ago

Two men standing on the coast at sunset with one of them pointing at an offshore rig

Business Developments & Projects

Eni and Petronas ponder pooling Southeast Asian upstream assets

Italy’s Eni and Malaysia’s state-owned energy player Petronas have announced an exclusive memorandum of understanding (MoU) to discuss establishing a joint venture (JV) holding company to oversee selected upstream assets in Indonesia and Malaysia.

about 1 year ago