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Business Developments & Projects

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Business Developments & Projects

Plug Power’s electrolyzer supply deal with AGA nears completion

Plug Power has signed a binding framework agreement with Allied Green Ammonia (AGA) to finalize a supply agreement for three gigawatts (GW) of electrolyzer capacity to AGA’s green hydrogen to ammonia plant in Australia.

about 2 years ago

AHTS Njord Viking; Source: Viking Supply Ships

Business Developments & Projects

Vessel quartet gearing up for $50 million crane upgrades to enhance subsea work

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Viking Supply Ships will upgrade its fleet of ice-classed anchor handling tug supply (AHTS) vessels with the installation of four 100-ton heave-compensated offshore cranes.

about 2 years ago

A man with virtual-reality headset looking at a hologram depicting terrain with some data attached to it

Business Developments & Projects

Microsoft helping Enbridge harness power of AI to scale up assets and slash emissions

Canadian pipeline and energy company Enbridge has teamed up with Microsoft to employ artificial intelligence (AI) to maximize safety, reduce greenhouse gas (GHG) emissions, and enhance assets across its operations.

about 2 years ago

Business Developments & Projects

GTT receives stamps of approval for multifuel-ready technology and new LNG carrier design

French technological containment specialist Gaztransport & Technigaz (GTT) has obtained five approvals in principle (AiPs) for advancements in its Mark III multifuel-ready membrane containment system and the new 200,000 cubic meter (cbm) LNG carrier concept. The approvals were issued by classificati

about 2 years ago

Eco Wave Power has signed an agreement with I-Ke International Ocean Energy for the first sale of its wave energy unit in Taiwan.

Business Developments & Projects

First onshore wave energy project in Asia eyes 400 MW of installed capacity

Eco Wave Power, a Nasdaq-listed wave energy company, has signed an agreement with I-Ke International Ocean Energy, a subsidiary of Lian Tat, for the first sale of its wave energy unit in Taiwan, which is expected to open the doors to the Asian market for the Middle East-headquartered player. I-Ke wi

about 2 years ago

Business Developments & Projects

Seaspan’s LNG bunker vessel Garibaldi to take first cargo in Vancouver

Seaspan Energy’s first LNG bunkering vessel, the Seaspan Garibaldi (Nch’kay), is on its way to Vancouver, where it will take its first cargo and finalize commissioning.

about 2 years ago

Longship CCS value chain; Source: Northern Lights

Business Developments & Projects

Norway’s $2.8 billion full-scale carbon capture transport and storage project close to crossing the finish line

The Norwegian government has made room in its 2025 budget for a multimillion-dollar investment destined to be injected into its carbon capture and storage (CCS) project, described as a full-scale CO2 capture, transport, and storage development in line with the country’s international climate agreeme

about 2 years ago

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to e

Business Developments & Projects

Norway’s deep-sea remotely operated vehicle secures funding for upgrade

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to ensure continued reliability, add new functionality, and improve operational efficiency. Since its 20

about 2 years ago

Business Developments & Projects

Finland-Estonia green shipping corridor gains momentum

The FIN-EST Green Corridor, a collaborative initiative between Finland and Estonia aimed at creating a sustainable and climate-neutral maritime corridor in the Gulf of Finland, has approved 19 joint projects that seek to reduce the carbon footprint of ferry journeys between the two countries. The in

about 2 years ago

Business Developments & Projects

Petrobras and Wood go on future-proofing mission to imbue automation, safety, and electrification optimization shots in the FPSO design arm

Brazilian state-owned energy heavyweight Petrobras has joined forces with the UK’s engineering and consulting company Wood to change and enhance the design of the traditional floating production, storage, and offloading (FPSO) vessels working for the Brazilian giant to minimize the number of persons

about 2 years ago

Europe-owned vessel brings in cable from South Korea to Senegal for two links

Business Developments & Projects

European JV-owned vessel brings in cable from South Korea to two Senegalese links

A cable-laying vessel (CLV) owned by a joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has brought 31 kilometers of subsea cable to the project site of two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity t

about 2 years ago

Business Developments & Projects

Jumbo installs ‘first’ wind-assisted propulsion systems on heavy lift vessel

Dutch heavy-lift shipping and offshore transport company Jumbo has completed the installation of two mechanical sails onboard its 13,000 dwt heavy lift vessel (HLV) Jumbo Jubilee.

about 2 years ago

Business Developments & Projects

Bassadone’s new shipping venture to propel Peninsula’s fleet modernization with ‘ultra-spec’ methanol-ready tankers

Hercules Tanker Management (HTM), a shipping venture formed by John A. Bassadone, founder and CEO of marine fuels company Peninsula, is expanding its fleet with four new ‘ultra-spec’ tankers capable of supplying methanol and 100% biofuel, with deliveries set to begin in the second quarter of 2025. S

about 2 years ago

Inside the University of Michigan’s Marine Hydrodynamics Laboratory, Lei Zuo, the Herbert C. Sadler Collegiate Professor of Engineering and a professor of naval architecture and marine engineering, in

Business Developments & Projects

US community-centric wave energy project secures $3.6M backing

The National Science Foundation (NSF) has awarded $3.6 million in funding to a project that aims to determine the best way to harvest wave energy for coastal communities at Beaver Island, Michigan, and Nags Head, North Carolina, in the U.S. The University of Michigan-led project aims to provide rene

about 2 years ago