Business Developments & Projects
James Fisher linked to order for up to 4 dual-fuel LNG tankers in China
UK-based maritime service provider James Fisher has reportedly placed an order for up to four dual-fuel liquefied natural gas (LNG) tankers. The contract includes two firm orders plus options for two additional ships. The vessels will be constructed at China Merchants Jinling Shipyard (Yangzhou), Ch
Woodside taps TechnipFMC for more flexible pipe
TechnipFMC has secured a contract with Australia’s energy giant Woodside Energy for the manufacture of flexible pipe. TechnipFMC will supply infield flowlines and jumpers for Woodside’s Trion project in deepwater Mexico. The award was included in the company’s inbound orders in the third quarter of
AFC Energy hits another milestone in NH3 cracker technology development
AFC Energy, a UK-based provider of hydrogen power generation technologies, has achieved another milestone in the accelerated development of its modular, scalable ammonia cracker technology. The company informed that the technology achieved 99.99% hydrogen from single reactor testing, with the result
AFRY selected as engineering partner for Liquid Wind’s third electrofuel plant
Swedish electrofuel developer Liquid Wind is advancing the development of its third electrofuel facility for maritime sector, FlagshipTHREE, in Umeå, Sweden, with AFRY as an engineering partner. Liquid Wind has set a goal to supply the marine shipping industry with green electrofuel through large-sc
Ocean Power Technologies gets $1.6 million USV order
Ocean Power Technologies (OPT) has received an order from Sulmara for multiple uncrewed surface vehicles (USVs), representing the largest single order of WAM-Vs to date. The order is valued at $1.6 million. Due to demand, production is already underway and will allow for revenue recognition this fis
ACWA Power eyes green hydrogen corridor between its production sites and Amsterdam port
Saudi developer of green hydrogen projects ACWA Power has signed a memorandum of understanding (MoU) with GasLog, Zenith Energy Terminals, and Port of Amsterdam to explore the viability of developing a green hydrogen export corridor between its global hydrogen production sites and the port of Amster
Huisman unveils new crane series for subsea operations
The Netherlands-based Huisman is launching a renewed series of its subsea knuckle boom cranes for use in the subsea construction market, taking into account energy efficiency, automation and safety. The new, optimized series includes models starting from 85mt up to 350mt and covers both setups with
Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28
More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi
Another North Sea gig for Plexus
Oil and gas engineering services business Plexus Holdings has secured a contract award for Exact and Centric equipment for a plug and abandonment (P&A) project secured through its licensor SLB for a North Sea operator. The order includes the provision of Exact adjustable wellhead system and Centric
New H2 pipeline project to strengthen Germany-Algeria energy partnership
The Algerian Minister for Energy and Mining, Mohamed Arkab, and the Parliamentary State Secretary of the German Federal Ministry for Economic Affairs and Climate Protection (BMWK), Stefan Wenzel, have discussed the planned conversion and expansion of the gas pipeline corridor for hydrogen from Alger
CorPower Ocean and SSAB looking into fossil-free steel for wave energy technology
CorPower Ocean has signed an agreement with steel company SSAB to explore the development of one of the world’s first wave energy power plants using fossil-free steel. Under the agreement, SSAB will deliver the fossil-free steel to CorPower Ocean to be used as a structural material to build a wave e
Worley secures FEED work on 3GW hydrogen project in Scotland
UK-based energy company Statera has awarded American-Australian engineering company Worley a front-end engineering design (FEED) contract for the first phase of its 3 GW Kintore Hydrogen project in Aberdeenshire, Scotland. Statera’s Kintore Hydrogen aims to harness surplus electricity generated by S
‘Industry’s first’ methanol-powered sustainable shipping fund unveiled
ProMarine AG, an investment advisor for the financing of the maritime energy transition, has launched what has been described as the’ industry-first sustainable shipping fund’ with an initial portfolio of four methanol-fueled MR tankers led by methanol producer Proman and shipping company Stena Bulk
Scana’s PSW Technology secures contract extension with Odfjell Drilling
Scana-owned PSW Technology has secured an extension of its frame agreement with Odfjell Drilling for the provision of marine risers and subsea equipment services. The agreement includes services for the classification and testing of well control equipment for all the rigs within Odfjell Drilling’s p