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Business Developments & Projects

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Business Developments & Projects

Sval Energi exits Norwegian Sea development by selling share to Equinor

Norwegian energy company Sval Energi has signed an agreement with compatriot state-owned Equinor to sell its 11.8% share in the Halten East Unit in the Norwegian Sea, enabling Equinor to increase its ownership to 69.5%. Located in the Kristin-Åsgård area in the Norwegian Sea, Halten East is an ongoi

about 2 years ago

Business Developments & Projects

HD KSOE receives stamps of approval for ammonia fuel-related equipment

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South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has obtained approvals in principle (AiP) from Lloyd’s Register (LR) and the Liberian International Ship & Corporate Registry (LISCR) for its ammonia cargo operation system and ammonia fuel supply system, which ca

about 2 years ago

Business Developments & Projects

New agreements propel marine electrification in Singapore

Singapore and Norway have strengthened their collaboration with two new agreements aimed at advancing sustainable marine electrification solutions in Singapore and across Asia. On November 6, Norwegian companies Evoy and Pascal Technologies signed a letter of intent (LoI) with Singapore’s Lita Ocean

about 2 years ago

Business Developments & Projects

Valeura combines Gulf of Thailand assets through corporate restructuring to pursue growth opportunities

Canada-based oil and gas company Valeura Energy has completed an internal restructuring of its Thailand-based subsidiaries, which is expected to optimize the financial and operational aspects of its Thai assets.

about 2 years ago

Business Developments & Projects

Scandlines’ hybrid ferry electrification project wins innovation award in Germany

Danish ferry operator Scandlines has received an innovation award from the German Transport Research Association (DVWG) for its upcoming project to convert two ferries on the Fehmarn Belt to plug-in hybrid vessels.

about 2 years ago

Business Developments & Projects

Maersk renews sustainable logistics collaboration with Syngenta

Shipping and logistics major A.P. Moller-Maersk and agricultural technology company Syngenta Crop Protection have extended their fourth-party logistics (4PL) partnership for an additional five years.

about 2 years ago

Business Developments & Projects

Hyundai Mipo Dockyard cuts steel for Purus’ ammonia carriers

Construction of a new medium-sized gas carrier (MGC) for Purus, a provider of maritime services for the gas transport and offshore wind industries, has begun in South Korea. The construction of the 45,000 cubic meter (cbm) vessel, which will be engaged in the storage and transportation of low-carbon

about 2 years ago

Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry.

Business Developments & Projects

Marine Energy Wales and National Hydropower Association forge cross-Atlantic partnership to boost marine energy

Marine Energy Wales (MEW) and the National Hydropower Association (NHA) have signed a memorandum of understanding (MoU) to strengthen cooperation within the global marine energy industry. The agreement seeks to leverage the strengths of each organization to promote industry growth, share expertise,

about 2 years ago

Business Developments & Projects

Equinor, LS Cable & System ink South Korean floating wind agreement

LS Cable & System has signed a memorandum of understanding (MoU) with Norway’s Equinor for cooperation on the 750 MW Bandibuli/Firefly floating offshore wind project in South Korea. According to LS Cable & System, the company has developed South Korea’s first dynamic submarine cable for floating off

about 2 years ago

Business Developments & Projects

Seaway7 wins East Anglia Two inter-array cable contract

Seaway7, part of the Subsea7 Group, has been awarded a contract by ScottishPower Renewables for the transport and installation of the inter-array cables for the 960 MW East Anglia Two offshore wind project in the UK. The deal is worth between $150 million and $300 million, as per Subsea7’s definitio

about 2 years ago

ADNOC-Alpha Dhabi JV buying US downhole visualization company for $45 million

Business Developments & Projects

ADNOC Drilling-Alpha Dhabi JV buying US downhole visualization company for $45 million

A joint venture (JV) of UAE’s ADNOC Drilling and Alpha Dhabi is set to acquire a U.S.-headquartered provider of vision-based diagnostics and analytics services for the oil & gas sector for a consideration of approximately $45 million. The partners’ Enersol JV has agreed to acquire a 100% equity stak

about 2 years ago

Business Developments & Projects

Royal HaskoningDHV to bolster renewable energy consultancy offering with new acquisition

Dutch engineering consultancy firm Royal HaskoningDHV has acquired compatriot renewable energy consultancy Pondera to pursue new renewable energy and integrated energy systems projects. Through this acquisition, Royal HaskoningDHV seeks to grow and strengthen its offering from offshore wind generati

about 2 years ago

Business Developments & Projects

Altera Infrastructure lets go of Altera Shuttle Tankers

Altera Infrastructure Holdings, a wholly-owned subsidiary of the UK-based energy services provider Altera Infrastructure, has entered into an agreement to sell all of its membership interests in Altera Shuttle Tankers to Maistros Shiptrade, a company affiliated with the Greek shipping major Angelico

about 2 years ago

Business Developments & Projects

Akastor becoming majority owner of Akofs thanks to $22.5 million deal with Japanese player

Norway-based oil services investment company Akastor has signed an agreement with Japan’s Mitsui & Co. to purchase the latter’s shares in Akofs Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services.

about 2 years ago