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Business Developments & Projects

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UK's National Subsea Centre bags grant to develop decommissioning AI-demonstrator
Business Developments & Projects

UK’s National Subsea Centre bags grant to develop decommissioning AI-demonstrator

The UK’s National Subsea Centre (NSC) and PlanSea, a spin-out company from Robert Gordon University (RGU), have secured a grant to develop a subsea decommissioning optimization software demonstrator with artificial intelligence (AI) technology. The partners, which have collaborated for many years to

about 1 year ago
Image of the MARMOK-A-5 prototype wave energy device
Business Developments & Projects

Wave energy prototype moves closer to offshore deployment at BiMEP

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Spain-based multi-national architecture and engineering consultancy IDOM is progressing toward the offshore deployment of its wave energy prototype next summer at the Biscay Marine Energy Platform (BiMEP), as part of Phase 3 of the EuropeWave project. The project unveiled reaching several milestones

about 1 year ago
Glander, SK Trading fix B24 biofuel supply in Singapore
Business Developments & Projects

Glander, SK Trading fix B24 biofuel supply in Singapore

Glander International Bunkering, in collaboration with SK Trading, has arranged a supply of B24 biofuel in Singapore.

about 1 year ago
Aerial view of a large vessel at dock with smaller vessels next to it
Business Developments & Projects

Second FSRU coming to Egypt thanks to deal with US firm

The state-owned Egyptian Natural Gas Holding Company (EGAS) has signed an agreement with the U.S. energy infrastructure player New Fortress Energy (NFE) to lease a floating storage and regasification unit (FSRU).

about 1 year ago
Agbami field; Source: Equinor
Business Developments & Projects

Closing oil & gas chapters in Azerbaijan and Nigeria garners $2 billion for Equinor’s portfolio enhancement

Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission.

about 1 year ago
Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Source: QatarEnergy
Business Developments & Projects

US-Qatar oil & gas ties are ‘win-win’ but EU’s green agenda bound to cause exodus, QatarEnergy’s CEO warns

QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.

about 1 year ago
Inna Braverman Founder and CEO of Eco Wave Power and Idit Silman, Minister of Environmental Protection, Yaron Klein- CEO of Atarim, Ayalon Vaniche, CEO of EDF Renewables IL, Ron Huldai Mayor of Tel Av
Business Developments & Projects

Middle East’s first grid-connected wave energy array goes live

Wave energy developer Eco Wave Power and EDF Renewables have unveiled what is said to be the Middle East’s first grid-connected wave energy power station at Jaffa Port. According to Eco Wave Power, the installation, now operational, has begun exporting clean electricity to the national grid under a

about 1 year ago
Illustration; Source: Sunda Energy, former Baron Oil
Business Developments & Projects

UK firm makes a move to secure rig for gas drilling ops offshore Timor-Leste

Sunda Energy has set the wheels in motion to ensure its drilling plans for an appraisal well at a gas field off the coast of Timor-Leste can move forward by reaching a non-binding letter of intent (LOI) with an undisclosed drilling contractor regarding commercial negotiations for a definitive deal.

about 1 year ago
ABB to power NKT's high-voltage offshore cable factory in Sweden
Business Developments & Projects

ABB to power NKT’s Swedish high-voltage offshore cable factory

Denmark-headquartered power cable manufacturer and installation firm NKT has appointed ABB to electrify its high-voltage submarine power cable factory in Karlskrona, Sweden. To remind, on the back of a record order backlog and strong market outlook, NKT announced investments in a new cable-laying ve

about 1 year ago
CMB.TECH offloads three Suezmaxes on fleet rejuvenation quest
Business Developments & Projects

CMB.TECH offloads three Suezmaxes on fleet rejuvenation quest

As part of its fleet rejuvenation agenda, Belgium-based shipowner CMB.TECH has sold three of its Suezmax tankers for nearly $120 million.

about 1 year ago
Illustration; Source: McDermott
Business Developments & Projects

McDermott and CB&I part ways as storage business starts its ‘exciting’ standalone game

McDermott has wrapped up the sale of its storage business to a consortium of financial investors, led by Mason Capital Management. This enables CB&I to begin anew as an independent company with no funded debt.

about 1 year ago
The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO
Business Developments & Projects

US backs wave energy-powered desalination projects with $2M

The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated nearly $2 million to two university-led projects to advance wave-powered desalination technology. According to the U.S. DOE, the funding supports research at Purdue University and the University of Minnesota t

about 1 year ago
VARD delivers PSV-turned-CLV to Canadian owner
Business Developments & Projects

VARD hands over PSV-turned-CLV to Canadian owner

Norway’s VARD has delivered the cable-laying vessel (CLV) it had converted from a platform supplier (PSV) to I.T. International Telecom Marine (IT), a Canadian company active in the offshore oil & gas and energy sectors. The vessel was built at Vard Brattvaag and delivered to Volstad Maritime in 200

about 1 year ago
A vessel at berth
Business Developments & Projects

With new offshore decom roadmap in place, Australia steps up collaboration with UK

The United Kingdom and Australia have inked a partnership agreement to advance offshore oil and gas decommissioning expertise and capabilities in both countries.

about 1 year ago