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Business Developments & Projects

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FSRU; Courtesy of Hanwha Ocean
Business Developments & Projects

Japanese giant strikes deal for Singapore’s first FSRU

Mitsui O.S.K. Lines (MOL) has won a long-term time charter contract for a floating storage and regasification unit (FSRU), which will be built by South Korea’s Hanwha Ocean for deployment in Singapore.

about 2 years ago
Following Australian approval, Singapore's regulator blesses 'flagship' power link
Business Developments & Projects

Singapore’s regulator blesses ‘flagship’ power link two months after Australian approval

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Singapore’s electricity regulator the Energy Market Authority (EMA) has given conditional approval for a project that will harness and store renewable energy from Australia and transmit it to Singapore via a high-voltage direct current (HVDC) transmission system, two months after the Australian Gove

about 2 years ago
Sembcorp and PT PLN move forward with green hydrogen project in Indonesia
Business Developments & Projects

Sembcorp and PT PLN move forward with green hydrogen project in Indonesia

Sembcorp Utilities, a wholly-owned subsidiary of Singapore’s Sembcorp Industries, and Indonesian state-owned utility company PT PLN (Persero) have signed a joint development agreement (JDA) to advance their green hydrogen production project in Sumatra, Indonesia. The agreement follows the joint deve

about 2 years ago
Illustration (Courtesy of TEAMER Program), University of Hawaii
Business Developments & Projects

US research program opens applications for 15th call for marine energy projects

The Testing Expertise and Access for Marine Energy Research (TEAMER) program, supported by the U.S. Department of Energy (DOE) and directed by the Pacific Ocean Energy Trust (POET), has opened its 15th request for technical support (RFTS). Through the latest call, TEAMER is offering marine energy te

about 2 years ago
Smart Green Shipping
Business Developments & Projects

Smart Green Shipping secures $1.3 million funding injection to decarbonize shipping with wind-assisted technology

British renewable energy business Drax Group and compatriot systems design house Smart Green Shipping (SGS) have united efforts to develop and put into use ecologically responsible wind-assisted ‘FastRig’ technology, all with the aim of positively contributing to the decarbonization of the country’s

about 2 years ago
Wärtsilä and Qatar Shipyard shake hands on eco-friendly maintenance and repair services
Business Developments & Projects

Wärtsilä and Qatar Shipyard shake hands on eco-friendly maintenance and repair services

Finnish technology group Wärtsilä has signed a memorandum of understanding (MoU) with Qatar Shipyard Technology Solutions, a joint venture between Nakilat and Keppel Offshore & Marine, related to maintenance and repair services involving eco-friendly technology, decarbonization, and dual-fuel conver

about 2 years ago
Nel secures up to €135 million for industrialization of its electrolyzer technology
Business Developments & Projects

Nel secures up to €135 million for industrialization of its electrolyzer technology

Nel Hydrogen Electrolyser has been awarded a grant from the EU Innovation Fund of up to €135 million for the industrialization of its next-generation pressurized alkaline technology.

about 2 years ago
PSV Skandi Feistein; Source: DOF
Business Developments & Projects

DOF vessel finds more work with oil major in Australian waters

DOF Group has secured a new long-term assignment for one of its platform supply vessels (PSVs) off the coast of Australia, which enables the ship to remain in the country after wrapping up its five-year job with Esso Australia, an Australian affiliate of ExxonMobil.

about 2 years ago
US research vessel undergoes diesel engines upgrade
Business Developments & Projects

US research vessel set for West Coast offshore wind projects after diesel engines upgrade

U.S.-headquartered TDI-Brooks is set to upgrade diesel engines on one of its research vessels to ensure compliance with the regulations of the California Air Resources Board (CARB). The 48-meter-long R/V Brooks McCall is a Jones Act-complaint multi-use vessel said to be suited for various comprehens

about 2 years ago
The Marine Energy All-Party Parliamentary Group (APPG) has been relaunched under the new UK Parliament, with Orkney and Shetland member of parliament (MP) Alistair Carmichael as chair.
Business Developments & Projects

UK marine energy parliamentary group relaunches to drive offshore renewables growth

The Marine Energy All-Party Parliamentary Group (APPG) has been relaunched under the new UK Parliament, with Orkney and Shetland member of parliament (MP) Alistair Carmichael as chair. Carmichael is joined by Llinos Medi MP, Harriet Cross MP, and Torcuil Crichton MP as officers, representing a cros

about 2 years ago
Rendering of Balder area in North Sea; Source: Vår Energi
Business Developments & Projects

Six-well North Sea drilling campaign with $690 million price tag coming up next year to unleash more high-value barrels

Vår Energi, together with its partner, Kistos Energy, has greenlighted a final investment decision (FID) for a multi-well project, which aims to develop the next stage of a field life extension project in the North Sea off the coast of Norway.

about 2 years ago
Green light for development of Germany-wide hydrogen core network
Business Developments & Projects

Green light for development of Germany-wide hydrogen core network

The Federal Network Agency (BNetzA) has approved the construction of the Germany-wide hydrogen core network, expected to be created by 2032.

about 2 years ago
A large vessel at sea
Business Developments & Projects

Retrofit and repair projects worth $76 million land on Seatrium’s docket

Singapore-headquartered provider of offshore, marine, and energy solutions Seatrium has secured several contracts for repairs and upgrades from multiple partners across several industry segments.

about 2 years ago
Sleipner assets; Source: Øyvind Gravås and Bo B. Randulff/Equinor
Business Developments & Projects

Smoke incident leads to gas production shutdown at North Sea platform

Equinor has confirmed the appearance of smoke at an unmanned production platform deployed at a gas field in the North Sea off the coast of Norway. As a result, the production was interrupted to carry out the required checks.

about 2 years ago