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Business Developments & Projects

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Vertom orders four 10,700 dwt diesel-electric MPPs in pink color
Business Developments & Projects

Vertom orders four 10,700 dwt diesel-electric MPPs in pink color

Dutch short sea shipping company Vertom Group has placed an order for four 10,700 dwt geared multipurpose vessels at India’s Chowgule shipyard.

about 1 year ago
'World's largest utility company' enters Greek interconnector
Business Developments & Projects

‘World’s largest utility company’ enters Greece’s largest island interconnector

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has purchased a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), thereby entering what is

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about 1 year ago
ExD 1000M semi-submersible drilling platform renderings; Source: DSOC
Business Developments & Projects

US firm and Chinese player pooling resources to bring new semi-submersible rig design to life

On a mission to breathe life into its new semi-submersible drilling rig design, Friede & Goldman (F&G) has joined forces with China’s Dalian Shipbuilding Offshore Co. (DSOC).

about 1 year ago
SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR
Business Developments & Projects

SHI’s wing sail-equipped LNG carrier gets green light from Liberian Registry and KR

South Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle (AiP) from the Liberian Registry and Korean Register (KR) for the basic design of its wing sail-equipped LNG carrier. The approval for the LNG carrier with the wing sail, an eco-friendly auxiliary propulsion s

about 1 year ago
Offsolar has finalized the construction of its 238 kWp floating solar platform for the CEFORE project in Malaysia
Business Developments & Projects

French firm finishes floating solar platform for Petronas’ project in Malaysia

French renewable energy firm Offsolar has finalized the construction of its 238 kWp floating solar platform for state-owned energy player Petronas’ Centre of Excellence for Offshore Renewable Energy (CEFORE) project in Malaysia, marking a step in offshore renewable energy development. According to O

about 1 year ago
McDermott lands FEED deal for $7.5 billion clean ammonia project in Louisiana
Business Developments & Projects

McDermott lands FEED deal for $7.5 billion clean ammonia project in Louisiana

Offshore engineering and construction player McDermott has secured the front-end engineering and design (FEED) contract for Ascension Clean Energy (ACE), a global-scale clean ammonia production and export project in Louisiana. Located in Ascension Parish, the project is jointly developed by energy c

about 1 year ago
BRANDED CONTENT
Hydraulics, mechanical or electrical: offshore engineering projects demand specialised equipment
Business Developments & Projects

Hydraulics, mechanical or electrical: offshore engineering projects demand specialised equipment

The operations involved in the installation, commissioning and maintenance of offshore wind farms are complex in nature. Therefore, it should come of no surprise to note that the equipment required to carry out these campaigns need to be just as innovative. It is for this reason that off-the-shelf c

about 1 year ago
FPSO Petrojarl Knarr is expected to work at Equinor's Rosebank field; Source: Altera Infrastructure
Business Developments & Projects

Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects

As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put the fossil fuel industry out of commission.

about 1 year ago
NKT nearing finish line for its Swedish expansion project
Business Developments & Projects

NKT nearing finish line for its Swedish expansion project

Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion project in Alingsås, Sweden, with access to the test hall and new buildings set for next month. NKT announced it was expanding its operations in Alingsås to boost the production capacity o

about 1 year ago
Brage platform; Source: OKEA
Business Developments & Projects

North Sea oil & gas project named after Odin’s mother from Norse mythology gets the go-ahead

OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to an existing platform.

about 1 year ago
MOF
Business Developments & Projects

Hanwha all done with Singaporean FPSO player takeover

South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units.

about 1 year ago
USA: Blue Water gets FTA LNG export permit from DoE
Business Developments & Projects

US grants $2.2 billion to two regional clean hydrogen hubs

As part of President Biden’s ‘Investing in America’ agenda, the U.S. Department of Energy (DOE) has awarded up to $2.2 billion to two regional clean hydrogen hubs.

about 1 year ago
Signing ceremony for NCMA 2 block; Source: BP
Business Developments & Projects

BP gains entrance to new oil & gas exploration arena off Trinidad’s north coast

BP has expanded its footprint offshore Trinidad and Tobago by securing access to a new block, where the company has not undertaken any hydrocarbon exploration activities.

about 1 year ago
South Korean submarine cable maker to launch second manufacturing facility in 2027
Business Developments & Projects

South Korean submarine cable maker to launch second manufacturing facility in 2027

South Korean Taihan Cable & Solution is planning to build its second submarine cable manufacturing facility, adjacent to the first one whose first phase was launched earlier this year. Taihan opened the first phase of its first submarine cable plant which focuses on producing inter-array cables, cov

about 1 year ago