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Business Developments & Projects

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Business Developments & Projects

Schoeller Holdings and DOS order four future-ready CSOVs for offshore wind, offshore energy markets

A joint venture (JV) between Schoeller Holdings and Deutsche Offshore Schifffahrt (DOS) has ordered four commissioning service operation vessels (C-CSOVs) for deployment in the offshore wind and other segments of the offshore energy sector, marking its entry into the market which is, according to Ph

about 2 years ago

An offshore platform being approached by a small vessel

Business Developments & Projects

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New assignments on Prosafe vessel pair’s 2025 agenda

Two vessels of Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe are set to start new jobs next year.

about 2 years ago

Business Developments & Projects

Strategic Marine teams up with French firm to build fast crew boat for Malaysian player

Singapore-based shipbuilder Strategic Marine has been selected by Malaysia’s offshore services provider Centus Marine to construct new high-speed personnel transfer vessels that will be designed by France’s AIRCAT Vessels.

about 2 years ago

Business Developments & Projects

ABS approves two new autonomous technologies for ammonia-fueled ships

ABS has approved two new autonomous technologies for ammonia-fueled ships from HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and HD Hyundai Heavy Industries (HHI).

about 2 years ago

The transportation and launching of the living quarter and utility platform (LQUP) jacket from Malaysia, to ONGC deepwater oil and gas field in India which Boa Offshore carried out for McDermott; Sour

Business Developments & Projects

Owner of 40-strong fleet wraps up oil & gas platform jacket job for McDermott in India and jack-up rig lift-off ops at Norwegian yard

Boa Offshore has tucked two milestones under its belt by completing its assignments in India and Norway.

about 2 years ago

Business Developments & Projects

US ammonia bunkering vessel design gets go-ahead; commercial operations expected by 2030

The consortium behind the project seeking to establish green ammonia ship-to-ship bunkering on the U.S. East Coast has secured approval in principle (AiP) from classification society ABS for the initial design of ammonia bunkering articulated tug barge (AB-ATB). The AiP, said to be the first in the

about 2 years ago

Business Developments & Projects

Rex’s Lime splashes millions on OKEA’s stake in Repsol’s North Sea oil field

Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, is expanding its interest in an oil field operated by Repsol Norge, a subsidiary of Spain’s Repsol, in the North Sea off the coast of Norway.

about 2 years ago

Bideford Dolphin semi-submersible rig; Source: Dolphin Drilling

Business Developments & Projects

Fatal rig dismantling incident throws health, safety, and environmental perils at recycling yards into stark relief

A tragic accident recently claimed the life of one worker and put nine more directly in the path of danger due to gas exposure at a shipyard, where a 1975-built semi-submersible drilling rig was being taken apart for recycling purposes.

about 2 years ago

Business Developments & Projects

More cooperation and fewer trade wars key for phasing out fossil fuels, report finds

The eighth annual report looking into the global progress in transitioning to a low-emissions economy published by Generation Investment Management, a London-based pure-play sustainable investment manager, sheds some light on the progress countries around the globe are making with tackling the COP28

about 2 years ago

Illustration (Courtesy of TEAMER Program), University of Hawaii

Business Developments & Projects

US-backed program opens doors to new technical support applications for marine energy testing and development projects

The Testing Expertise and Access for Marine Energy Research (TEAMER) program, sponsored by the U.S. Department of Energy (DOE) and directed by the Pacific Ocean Energy Trust (POET), has launched a new application period for the submission of the 14th batch of requests for technical support (RFTS). A

about 2 years ago

Business Developments & Projects

Swiss player getting two decades’ worth of LNG from Louisiana export terminal

U.S.-based Commonwealth LNG and Kimmeridge Texas Gas (KTG), an affiliate of the energy-focused alternative investment manager Kimmeridge, have signed a multi-year heads of terms (HoT) agreement with Swiss-headquartered Glencore for the supply of natural gas and liquefied natural gas (LNG) from an ex

about 2 years ago

Baltic jack-up rig; Source: Shelf Drilling

Business Developments & Projects

Quadragenarian jack-up leaves Shelf Drilling’s rig fleet to work for new owner in Malaysia

Shelf Drilling has wrapped up a divestment process for a jack-up rig which will work on a decommissioning assignment in Malaysian waters for its new owner.

about 2 years ago

Business Developments & Projects

CMA CGM expands footprint in Brazil with latest stake acquisition

French shipping colossal CMA CGM is set to strengthen its position in Brazil’s maritime sector with the purchase of a nearly 48% stake in Santos Brasil Participações, a major Brazilian multi-terminal operator, from funds managed by Opportunity Funds. The deal, expected to close by early 2025 pending

about 2 years ago

Cedar LNG project (artist’s rendering); Courtesy of Cedar LNG

Business Developments & Projects

Canada’s $4B LNG project and Samsung Heavy Industries hit with patent infringement lawsuit

Steelhead LNG has filed a patent infringement lawsuit with the Seoul Central District Court in South Korea against the developer of the Cedar LNG project on Canada’s West Coast and Samsung Heavy Industries (SHI), which is constructing a new floating LNG (FLNG) unit for the project.

about 2 years ago