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Business Developments & Projects

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European Energy’s first green hydrogen plant is up and running
Business Developments & Projects

European Energy’s first green hydrogen plant is up and running

Danish renewables developer European Energy has officially opened its first green hydrogen facility in Måde, near Esbjerg, marking its first venture into large-scale hydrogen production using renewable energy. Following the completion of the construction in June this year and the commissioning phase

about 2 years ago
FSRU Independence; Source: Höegh Evi, former Höegh LNG
Business Developments & Projects

EU backs electrification of LNG terminal with €6 million

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Lithuanian liquefied natural gas (LNG) terminal operator KN Energies (KN), former Klaipedos Nafta, has confirmed the decision made by the European Union (EU) to earmark funds for the electrification of its LNG terminal on Lithuania’s Kiaulės Nugara Island.

about 2 years ago
Multiple contract win in Brazil brings $53 million to Solstad
Business Developments & Projects

Multiple contract win in Brazil brings $53 million to Solstad

Norwegian shipping company Solstad Offshore has secured multiple contracts together worth around $53 million for three of its vessels to perform work in Brazil. The 2005-built anchor handling tug supply (AHTS) vessel Normand Topazio has been awarded a one-year contract with commencement this month,

about 2 years ago
Verdagy opens gigawatt-scale electrolyzer facility in US
Business Developments & Projects

Verdagy opens gigawatt-scale electrolyzer facility in US

U.S. renewable hydrogen electrolysis company Verdagy has opened a gigawatt-scale electrolyzer manufacturing facility in Newark, California.

about 2 years ago
Illustration; Source: Petronas
Business Developments & Projects

Petronas’ quest to fortify Malaysia’s oil & gas pinpoints 34 contractors for well engineering activities

Petronas has launched two initiatives through Malaysia Petroleum Management (MPM) to strengthen the country’s oil and gas sector and ensure an optimal and sustainable supply of oil and gas to boost energy security.

about 2 years ago
Canadian government invests $22 million in EverWind’s green fuels hub
Business Developments & Projects

Canadian government invests $22 million in EverWind’s green fuels hub

North American developer of green hydrogen projects EverWind Fuels has secured $22.5 million in funding from the Canadian government to develop marine and shore-side infrastructure at its Point Tupper terminal in Nova Scotia as part of the green hydrogen and ammonia project. The funding was awarded

about 2 years ago
LNG carrier Marvel Swallow; Source: MOL
Business Developments & Projects

New LNG vessel gets christened at Hanwha Ocean’s yard

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuild liquefied natural gas (LNG) carrier at the Geoje Shipyard of South Korea’s shipbuilder Hanwha Ocean. With the naming ceremony out of the way, the next item on the agenda for MOL’s Marvel Swallow LNG carrier, s

about 2 years ago
founder and CEO of WaveX, Simon Renwick
Business Developments & Projects

Western Australia’s Innovation grant backs WaveX’s wave energy tech

WaveX, a renewable energy business, and Centre for Energy Research & Innovation (CERI) resident, has secured a Western Australia State Government Innovation Booster Grant (IBG) to accelerate the integration of advanced control systems into its D-Spar wave-powered generator. The competitive Innovati

about 2 years ago
UK firm plans autonomous submarine fleet, 50 units in the long term
Business Developments & Projects

UK firm plans autonomous submarine fleet, 50 units in the long term

UK’s remote robotics company HonuWorx is planning to develop a fleet of autonomous submarines that will perform services across the oil & gas, offshore wind, and defense sectors, targeting 50 units in the long term. In what the company describes as an industry-first, HonuWorx deployed a remotely ope

about 2 years ago
Transocean Barents rig (for illustration purposes); Source: Equinor
Business Developments & Projects

UK likely to unlock £10 billion worth of North Sea oil & gas with encouraging fiscal regime, WoodMac finds

Considering the rising focus on energy security, Wood Mackenzie has pointed out that Britain could get its hands on an additional £10 billion of North Sea oil and natural gas value from existing assets if it puts the right set of fiscal and regulatory policies in place.

about 2 years ago
FPSO Almirante Tamandaré; Source: SBM Offshore
Business Developments & Projects

SBM Offshore’s behemoth FPSO steps into Brazil to work at Petrobras’ mega deepwater field

SBM Offshore is closing in on the first oil milestone from its new FPSO unit as the vessel has reached Brazilian waters and will be deployed at a huge field in the pre-salt Santos Basin off the coast of Brazil, where it will work for Petrobras.

about 2 years ago
Transocean Spitsbergen rig; Source: Transocean
Business Developments & Projects

More rig market consolidation on the cards as Transocean and Seadrill ponder merger

A new merger may soon be visible on the rig market horizon, as the Switzerland-based offshore drilling contractor Transocean is now allegedly contemplating a business combination with its Bermuda-headquartered rival Seadrill.

about 2 years ago
LDA kicks off construction of wind-assisted RoRo ships for Airbus
Business Developments & Projects

LDA kicks off construction of wind-assisted RoRo ships for Airbus

French maritime firm Louis Dreyfus Armateurs (LDA) has celebrated the beginning of the construction of the first low-carbon roll-on /roll-off (RoRo) vessel to be chartered to European aerospace giant Airbus. The steel cutting ceremony for the first of three low-carbon vessels equipped with wind-assi

about 2 years ago
Belgian company Bekaert will deliver mooring solution analysis on the world’s largest offshore floating solar plant project, Nautical SUNRISE.
Business Developments & Projects

Grant awarded to advance floating solar research in offshore environments

Oriol Colomés Gené, Assistant Professor at Technische Universiteit Delft in Offshore Engineering, has received the NWO Vidi grant for the DigiOcean4Solar project to develop a first-of-its-kind digital ocean model designed to assess floating solar farms. DigiOcean4Solar, short for a Digital Ocean en

about 2 years ago