Business Developments & Projects
Flagship Founders and Signal team up on maritime start-ups
Greece’s Signal Group has joined forces with German venture studio Flagship Founders to jointly develop new technology start-ups.
SLB and Eni in alliance for pipeline integrity monitoring and analysis
SLB and Eni, through its subsidiary Enivibes, have established an alliance for the deployment of a vibroacoustic wave detection system said to be capable of providing real-time analysis, monitoring and leak detection for pipelines around the world. The alliance covers the deployment of e-vpms (Eni V
Gallery: Allseas’ giant vessel removes two Morecambe Bay jackets in less than two days
Allseas has completed the two jackets removal campaign for Spirit Energy’s Morecambe Bay development in the East Irish Sea, using its heavy lift vessel Pioneering Spirit.
There is NO time for antagonism among marine fuel proponents
As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim
Benthic completes site investigation for Polish offshore wind projects
Benthic, a geo-services brand in Acteon’s Data and Robotics division, has completed a site investigation comprising cone penetration tests (CPTs) at the MFW Bałtyk II and MFW Bałtyk III offshore wind farm sites in the Polish Baltic Sea. The tests were done using the company’s portable remotely opera
Are net-zero aspirations in jeopardy with oil & gas boom at full tilt?
The global oil and gas industry has embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk.
With $2.8 billion in revenue so far, Subsea 7 expects to meet full-year 2023 expectations
Subsea 7’s revenue for the first half of 2023 was $2.8 billion, a $323 million or 13 per cent increase compared to the first half of 2022, said to be due to significantly increased activity in the Subsea and Conventional business unit partly offset by lower revenue in the Renewables business unit. F
Power sales from MeyGen bring in €4.5M to SIMEC Atlantis as co-location with storage emerges as option
The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.
AYK Energy opens new unit, one of first orders to go for H2-run vessel retrofit
Andorra-based marine battery maker AYK Energy has opened a new 5000 sqm factory in Zhuhai, China, to boost the company’s production capacity. According to AYK Energy Founder Chris Kruger, the factory will ramp up the capacity, using a new automated manufacturing system, to 300 MWH a year, with the a
Hitachi Energy gets preferred supplier status for UK’s longest HVDC link
SSEN Transmission and the UK National Grid have selected Hitachi Energy as the preferred technology provider for two HVDC converter stations to interconnect the Scottish and English power grids. The news comes a few days after the Switzerland-based company was selected to deliver the HVDC converter
ABS greenlights ammonia-fueled containership design by Seaspan and partners
Seaspan Corporation and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), in collaboration with Foreship, have received Approval in Principle (AiP) from classification society American Bureau of Shipping (ABS) for the design of a 15,000 TEU ammonia-powered containership. The cert
Klaipeda LNG terminal assigns 6 TWh regasification capacity for 2024
Following the conclusion of the annual Klaipeda LNG terminal capacity allocation procedure by the Lithuanian LNG terminal operator Klaipedos Nafta (KN), the terminal’s 6 terawatt-hour (TWh) regasification capacity for the 2024 terminal gas year has been allocated to four customers from Lithuania and
Large-scale CO2 capture project added to Saipem’s workload in Europe
Saipem has inked a letter of intent for work on a large-scale CO2 capture project with Stockholm Exergi
Nexans’ new third-generation cable layer will be able to lay four cables at once
Nexans is investing in a new third-generation cable-laying vessel in order to, as the company says, support a record project backlog and meet future needs of offshore wind and interconnector projects. According to Nexans, building upon the cutting-edge technology featured on the flagship vessel Nexa