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Business Developments & Projects

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EU fund grants €14.3 million for scale-up of advanced remote USVs
Business Developments & Projects

EU fund grants €14.3 million for scale-up of advanced remote USVs

Norwegian Reach Subsea has secured funding of up to €14.3 million from the EU Innovation Fund, under the Net Zero Technologies initiative, which will be used for the scale-up of the Reach Remote project focusing on the development of advanced remote unmanned surface vessels (USVs). “This is a signif

about 2 years ago
MAN ES
Business Developments & Projects

MAN ES presses on with project to develop four-stroke ammonia-powered engine

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Following the design and testing of its first two-stroke ammonia engine, Germany-based engine manufacturer MAN Energy Solutions (MAN ES) has launched the ‘AmmoniaMot 2’ research project that aims to develop a four-stroke, medium-speed, dual-fuel test engine powered by ammonia. Backed by the German F

about 2 years ago
offshore floating solar illustration. Source: Sun Rise E&T
Business Developments & Projects

Taiwan’s offshore floating solar set for next year’s debut by Sun Rise E&T

Taiwan’s Sun Rise E&T, a manufacturer of floating solar systems, is gearing up to install the first offshore floating solar system next year off the coast of Pingtung, marking a step in local renewable energy expansion. With this new project, the company said it reinforces its position in the renewa

about 2 years ago
CMA CGM joins forces with SUEZ on biomethane supplies for gas-powered ships
Business Developments & Projects

CMA CGM joins forces with SUEZ on biomethane supplies for gas-powered ships

French shipping giant CMA CGM has partnered with circular waste management solutions provider SUEZ to work on the production of biomethane and the low-carbon transition of maritime transport. To this end, on October 18, the companies signed a memorandum of understanding (MoU) outlining three main ar

about 2 years ago
FPSO Anna Nery; Source: Yinson Production
Business Developments & Projects

Yinson Production bids welcome to K Line as its new partner in Brazilian FPSO

Yinson Production has wrapped up the sale of a minority stake in an FPSO working on Petrobras’ revitalization project in Campos Basin offshore Brazil.

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

Eni enlists GTT’s tank maintenance skills for FLNG gig

Italy’s oil and gas giant Eni has handed out a contract to France’s technological containment specialist Gaztransport & Technigaz (GTT) for servicing its floating liquefied natural gas (FLNG) unit offshore Mozambique.

about 2 years ago
MMMCZCS survey: Majority of maritime community willing to work with ammonia-fueled vessels
Business Developments & Projects

MMMCZCS survey: Majority of maritime community willing to work with ammonia-fueled vessels

While the implementation of ammonia as a marine fuel is expected to be technologically feasible as early as 2025-2026, its toxic nature requires the maritime industry to develop new approaches to safety. However, the majority of maritime community members are willing to sail on or work with ammonia-

about 2 years ago
A worker surrounded by pipes
Business Developments & Projects

Seplat’s acquisition of ExxonMobil’s Nigerian assets gets ministerial green light

Nigeria’s oil and gas company Seplat Energy has received approval from the country’s Minister of Petroleum Resources to move forward with the acquisition of Mobil Producing Nigeria Unlimited (MPNU), a subsidiary of U.S. energy giant ExxonMobil.

about 2 years ago
Amasus signs fresh deal with bound4blue to fit ‘world’s largest suction sails’ onboard general cargo ship
Business Developments & Projects

Amasus signs fresh deal with bound4blue to fit ‘world’s largest suction sails’ onboard general cargo ship

Dutch shipping company Amasus has signed a fresh contract with Spain’s bound4blue to install a new suction sail system onboard its 90-meter vessel being built at Astander Shipyard in Santander.

about 2 years ago
Wison's existing 1.3 mtpa FLNG model (for illustration purposes); Source: Wison New Energies
Business Developments & Projects

Chinese player entrusted with flagship FLNG project unlocking ‘stranded’ offshore gas fields in Oceania

Wison New Energies has picked up a new assignment with Kumul Petroleum related to Papua New Guinea’s first floating liquefied natural gas (FLNG) unit, which is planned to be deployed to the Gulf of Papua in Oceania to assist the Pacific island country in commercializing its offshore gas fields.

about 2 years ago
Offshore wind firm expands with 'highly complementary' subsea company
Business Developments & Projects

Offshore wind firm expands with acquisition of ‘highly complementary’ subsea company

Offshore wind services company Venterra Group has acquired Oceanscan Holdings Limited, a group of companies that provide subsea and non-destructive test equipment, geotechnical services and specialist personnel to the offshore energy market. Founded in 1989 and headquartered in Aberdeen with oversea

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

Australian renewables firm secures AU$2.4M in govt funding for wave energy development

The Australian Government has awarded AU$2.4 million (around $1.6M) to renewable energy business WaveX to drive its wave energy technology, as a part of a broader AU$55 million fund aimed at driving innovation across key sectors in Australia. The funding was unveiled by Minister for Industry and Sci

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business Developments & Projects

More oil to flow offshore Gabon as Borr Drilling’s rig gears up for workover ops before spudding another prospect in 2025

BW Energy has brought online another well on its list at an oil field in the Dussafu license off the coast of Gabon, Africa.

about 2 years ago
After US offshore wind, 2000-built vessel wraps up geotechnical program off Türkiye
Business Developments & Projects

After US offshore wind, 2000-built vessel wraps up geotechnical program off Türkiye

U.S.-headquartered TDI-Brooks has completed another geotechnical program offshore Türkiye, its fifth such investigation for Istanbul-headquartered DenAr Ocean Engineering Services. Research vessel Nautilus, formerly known as Nautical Geo, was sent to the Black Sea site, offshore Filyos, from the U.S

about 2 years ago