Business Developments & Projects
Mocean Energy steps up commercialization plans with new funding and investors on board
Scottish wave energy company Mocean Energy has raised €2.5 million in new equity, alongside €572,000 grant to drive the commercialization of its wave energy technologies, bringing Katapult Ocean and MOL Plus as new investors in the business.
French partners setting up research laboratory to boost large-scale green hydrogen production
Elogen, a GTT Group company specializing in PEM electrolysis, has signed a partnership agreement with the French National Center for Scientific Research (CNRS) and Université Paris-Saclay to create a joint research laboratory and accelerate large-scale green hydrogen production. The parties formed t
Ocean Yield buys two Suezmaxes with sustainability-linked lease
Norwegian shipowner Ocean Yield AS has agreed to acquire two 2022-built Suezmax tankers that will be chartered out under a sustainability-linked lease agreement.
UK firm lands North Sea deal with Neptune
Plexus Holdings has won a rental contract with Neptune Energy for a plug and abandonment (P&A) project in the UK sector of the North Sea.
With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers
Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion.
New Nexans cable layer getting ‘extensive’ equipment package from Palfinger
Palfinger has been hired to provide a comprehensive equipment package for Nexans Marine Operations’ new DP3 cable laying vessel (CLV).
Deep Wind Offshore and Hy2gen form green hydrogen partnership
Deep Wind Offshore has joined forces with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. “The combination of offshore wind and hydrogen has got massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewa
Damen, Bawat strengthen ties in mobile BWMS
Damen Green Solutions and Bawat A/S have announced a new joint venture to develop and market “the world’s greenest” mobile BWMS.
Dolphin Drilling gets UK safety case acceptance for rig being acquired from Transocean
Dolphin Drilling has received safety case acceptance from the UK Offshore Major Accident Regulator (OMAR) for a semi-submersible rig.
World’s 1st wind-powered hybrid industrial cargo ship wins Ship of the Year Award
Neptune Marine, a Dutch provider of maritime solutions, has won the Ship of the Year Award 2023 for Canopée, a double-propelled open-top roll-on/roll-off (RoRo) vessel with wind-assisted marine propulsion.
VNG plans to purchase clean ammonia from Horisont Energi’s Barents Blue plant
German gas group VNG has signed a letter of intent (LoI) with Norwegian clean energy company Horisont Energi for the offtake of clean ammonia from the Barents Blue project in Hammerfest, Norway. As part of the LoI, VNG intends to purchase clean ammonia from Horisont Energy with an aim to make the am
Multi-million legal threat brews on UK horizon, as Shell sues Greenpeace for boarding North Sea-bound FPSO
Shell is in the process of bringing forth one of the biggest legal challenges Greenpeace has ever faced
BlueFloat, Renantis complete surveys at Scottish floating offshore wind sites
Preparatory survey work on four new floating offshore wind farms has been completed in the North Sea. Geophysical survey work was completed on BlueFloatEnergy and Renantis Partnership’s ScotWind projects, namely the 900 MW Broadshore project, located 50 kilometers north of Fraserburgh, and the 1.2 G
UK oil & gas firm obtains approval to buy stakes in Angolan offshore blocks
UK-headquartered Afentra, through its wholly-owned subsidiary Afentra (Angola) Ltd., has received approval from the Government of Angola for the acquisition of interests in two blocks offshore Angola from state-owned oil and gas company Sonangol. Afentra announced it had received the approval for th