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Image of Ocean Power Technologies PowerBuoy and WAM-V during sea trials.

Business Developments & Projects

Ocean Power Technologies shakes hands with Kuwaiti firm to explore offshore energy projects

U.S.-based Ocean Power Technologies (OPT) has secured a partnership with industrial service provider 3B General Trading & Contracting to advance Kuwait’s offshore energy and maritime projects. The agreement paves the way for the deployment of OPT’s wave adaptive modular vessels (WAM-Vs), unmanned s

about 2 years ago

Hanwha's shipyard (illustration); Source: Hanwha Group

Business Developments & Projects

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Hanwha Ocean sweetens the takeover deal for Singaporean FPSO player by upping the final offer ante by 11.67%

Hanwha Ocean has thrown a boost of 11.67% into its final offer to shareholders of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units.

about 2 years ago

Business Developments & Projects

Petrobras, Shell, and CNOOC ink deals for three blocks offshore Brazil

Petrobras, Shell, and CNOOC have signed three concession contracts for three blocks in the Pelotas Basin acquired at the public session held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023.

about 2 years ago

Axial Skelter made by Spiralis Energy, a tidal energy generator

Business Developments & Projects

Cape Horn wraps up CFD validation for Spiralis Energy’s tidal test rig (Video)

The UK-based marine technology consultant Cape Horn Engineering has completed the first validation of its computational fluid dynamics (CFD) analysis for Spiralis Energy’s Axial Skelter tidal test rig, delivering a match to experimental data with less than 1.5% deviation. Following nearly a year of

about 2 years ago

Business Developments & Projects

Shearwater GeoServices to perform two consecutive projects in Asia Pacific

After a number of announcements revealing work scheduled for 2025, Norwegian marine geoscience and technology company Shearwater GeoServices has secured two consecutive projects in Asia Pacific that will be carried out this year. Shearwater will perform two consecutive towed streamer survey projects

about 2 years ago

Business Developments & Projects

‘Largest LNG port in Europe’ gets methane emissions certification

Global non-profit methane emissions certification provider MiQ has audited a liquefied natural gas (LNG) plant operated by the National Grid Grain LNG, a wholly owned subsidiary of energy transmission and distribution company National Grid.

about 2 years ago

Business Developments & Projects

HMM’s LNG-ready 13K TEU boxship fleet is almost complete

South Korean shipping company HMM has welcomed the eleventh LNG-ready 13,000 TEU containership, HMM Opal, to its fleet. HMM Opal was built by Hanwha Ocean in South Korea and will sail on the PSX (Pacific South Express) route, connecting major ports in Korea and Shanghai to Los Angeles and more, HMM

about 2 years ago

Business Developments & Projects

KBR takes on more work at Shell’s giant gas project in Trinidad and Tobago

U.S. science, technology, and engineering player KBR has won an engineering and procurement services contract for upgrade work related to a gas development project, which is envisioned to boost the liquified natural gas (LNG) arsenal in Trinidad and Tobago. KBR will work on the Beachfield Manatee up

about 2 years ago

Business Developments & Projects

Minesto moves forward with ‘first-of-a-kind’ tidal dragon farm in Faroe Islands

Swedish tidal energy developer Minesto has assigned consulting company Ernst & Young (EY) to support the development of the 10 MW Hestfjord Dragon Farm in the Faroe Islands, aimed at scaling tidal energy solutions as part of a broader plan to deploy 200 MW in tidal energy capacity. The Hestfjord Dra

about 2 years ago

Business Developments & Projects

Bunker One sets up new entity to manage physical LNG portfolio, charters Anthony Veder’s bunker vessel

Denmark-based marine fuels supplier Bunker One has set up a new entity, Bunker One LNG BV, that will manage the physical LNG fuel portfolio, with plans to commence the first deliveries in northwestern Europe as of January 2025. Through the newly established entity, Bunker One will expand its current

about 2 years ago

Illustration of the field support vessel; Credit: Marin Teknikk

Business Developments & Projects

Norwegian firm gets work on new vessel for Europe’s huge gas project

Norwegian Electric Systems (NES) has been tasked with developing and delivering complete energy design, an integrated automation system, and its future-oriented bridge system for a field support vessel a Norwegian shipyard is constructing for a giant gas project operated by Romanian’s integrated ene

about 2 years ago

Horisont Energi looking for partner(s) for Barents Sea CO2 exploration license as ORLEN withdraws

Business Developments & Projects

Horisont Energi looking for new partners for Barents Sea CO2 exploration license as ORLEN withdraws

ORLEN Upstream Norway, part of Poland’s ORLEN Group and formerly known as PGNiG Upstream Norway (PUN), has decided to withdraw from the Polaris CO2 exploration license, the only CO2 storage located in the Barents Sea, with Horisont Energi now assessing the way forward for the project. The Polaris li

about 2 years ago

Business Developments & Projects

Shelf Drilling all done with triangular merger

Shelf Drilling (SHLF) has wrapped up a business combination structured as a triangular merger between its indirect subsidiary SHLF MergCo, Shelf Drilling North Sea (SDNS) as the surviving entity in the proposed business combination, and SHLF as the issuer of the merger consideration shares.

about 2 years ago

Business Developments & Projects

Two kings’ feast: New Lock Terneuzen in North Sea Port officially opened

The New Lock (Nieuwe Sluis) Terneuzen in North Sea Port has been officially inaugurated, marking an important milestone for the Netherlands, Belgium, and Flanders.

about 2 years ago