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Business Developments & Projects

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UK's first HVDC cable factory gets €23.7M boost from Scottish bank
Business Developments & Projects

UK’s first HVDC cable factory gets €23.7M boost from Scottish state-owned bank

The state-owned Scottish National Investment Bank is investing £20 million (around €23.7 million) in subsea cable manufacturer XLCC which will support the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. The new manufacturing facility is located at the brownfiel

about 1 year ago
Illustration/Exowave power plant (Courtesy of Exowave)
Business Developments & Projects

New partnership to drive wave power and desalination expansion in US

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Exowave, a Danish wave energy technology company, has partnered with AquaX Energy Americas to establish a joint venture (JV), AquaX JV, to deploy wave energy solutions across North America, Central America, South America, and the Caribbean. According to Exowave, this partnership targets the implemen

about 1 year ago
AM Green partners with DP World to develop green fuels supply chain
Business Developments & Projects

AM Green partners with DP World to develop green fuels supply chain

Indian green hydrogen and ammonia producer AM Green has joined forces with UAE-based logistics group DP World to develop a sustainable supply chain for green fuels and chemicals.

about 1 year ago
Jacket for Quiluma platform off the coast of Angola; Source: Saipem
Business Developments & Projects

Saipem unveils platform construction milestone for Angola’s ‘pioneering’ gas project (Gallery)

Saipem has disclosed progress in bringing a jacket for an Angola-bound offshore platform to life. The platform, set to be used on a natural gas project in Africa, is perceived to be Angola’s first non-associated gas development.

about 1 year ago
A view of pipes on an offshore platform
Business Developments & Projects

Canadian firm finalizes stake sale in South Africa’s Orange Basin block

Eco (Atlantic) Oil & Gas has completed the transaction with compatriot Africa Oil Corp. enabling the latter’s subsidiary to increase its stake in a block offshore South Africa.

about 1 year ago
Nel halts alkaline electrolyzer production in Norway
Business Developments & Projects

Nel halts alkaline electrolyzer production in Norway

Norwegian company Nel has decided to temporarily halt production at the alkaline electrolyzer production facility in Herøya, Norway.

about 1 year ago
SMD has teamed up with Beam to deploy AI-powered autonomous vehicles for offshore wind operations using Beam’s Pathfinder software.
Business Developments & Projects

AI-enabled ROV ops chart deeper offshore pathways for wind industry work

Underwater solutions company SMD has teamed up with UK-headquartered tech player Beam to deploy AI-powered autonomous vehicles for offshore wind operations using Beam’s software. The collaboration aims to boost efficiency in offshore wind farm maintenance by combining advanced subsea technologies. A

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Business Developments & Projects

BP eyes first gas months earlier with subsea ops already underway, as Valaris rig moves to next well

UK-headquartered energy giant BP has wrapped up drilling activities at two wells, targeting to bring them on stream next month.

about 1 year ago
An offshore platform
Business Developments & Projects

Murphy finds oil pay offshore Vietnam

A subsidiary of Houston-based oil and gas company Murphy Oil has drilled an exploration well and found oil in a block situated in the Cuu Long Basin offshore Vietnam.

about 1 year ago
EPS adopts SulNOx tech to cut emissons and fuel use on minimum 30 vessels
Business Developments & Projects

EPS adopts SulNOx tech to cut emissons and fuel use on minimum 30 vessels

Singapore-based ship management company Eastern Pacific Shipping (EPS) and UK tech provider SulNOx have signed an agreement encompassing investment and adoption of the latter’s products for reducing emissions and fuel consumption.

about 1 year ago
Norden
Business Developments & Projects

NORDEN enriches project cargo fleet with two fuel-efficient MPPs

Danish shipping company Norden has decided to expand its fleet with two new fuel-efficient 17,500 dwt multipurpose (MPP) vessels.

about 1 year ago
Weco secures grant for renewables-powered offshore charging hub
Business Developments & Projects

Weco secures grant for renewables-powered offshore charging hub

The Hague-based Wave Energy Collective (Weco) has secured funding under the EKOO TSE Electricity 2024 program, backed by the Dutch Ministry of Climate and Green Growth’s Topsector Energiesubsidie initiative, to advance a renewables-driven offshore charging solution for autonomous vessels. According

about 1 year ago
FPSO Atlanta joined the Malaysian FPSO player's fleet as the third managed unit operating off the coast of Brazil; Source: Yinson Production
Business Developments & Projects

$1 billion liquidity injection comes Yinson Production’s way to bankroll FPSO player’s growth aspirations

A new investment shot that will be poured into Yinson Production has been secured with a consortium of international investment firms to pave the way for the Malaysian giant’s growth journey, with a smaller slice of the $1 billion equity financing pie earmarked for the controlling shareholder.

about 1 year ago
MSC adds new unit to its 16,000 TEU LNG dual-fuel fleet
Business Developments & Projects

MSC adds new unit to its 16,000 TEU LNG dual-fuel fleet

Dalian Shipbuilding Industry (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has delivered the first 16,000 TEU LNG dual-fuel containership ordered by Minsheng Financial Leasing (MSFL) on behalf of Swiss shipping giant Mediterranean Shipping Company (MSC).

about 1 year ago