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Champlain Hudson Power Express (CHPE) transmission line installation; Source: CHPE

Business Developments & Projects

‘Great progress’ in cable laying ops at mega $6 billion US-Canada subsea link to power Big Apple with renewables

NKT, alongside other players hired for work on an underwater high-voltage direct current (HVDC) cable project between the U.S. and Canada, is continuing to make inroads in putting all the subsea marine infrastructure in place.

about 2 years ago

Kawasaki and McDermott firm to build and launch commercial-scale LH2 supply chain

Business Developments & Projects

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Kawasaki and McDermott firm to build and launch commercial-scale LH2 supply chain

Japanese conglomerate Kawasaki Heavy Industries has entered into a strategic agreement with CB&I, a wholly-owned unrestricted subsidiary of McDermott, to promote a commercial-use liquefied hydrogen (LH2) supply chain. Under the agreement signed on September 18 during Gastech 2024 in Houston, Kawasak

about 2 years ago

Tocardo's new European operations' location at Vlissingen, Province Zeeland, Netherlands.

Business Developments & Projects

European operations’ move to new Dutch location brings UK firm closer to its partners

UK-headquartered Tocardo, a producer of tidal and free-flow water turbines, has relocated its European operations from Den Oever to Vlissingen, Province Zeeland, Netherlands. The move places the company closer to key partners in the Offshore For Sure (O4S) project, such as Water2Energy, World Class

about 2 years ago

Business Developments & Projects

Sinking Meyer Werft receives €400M capital injection from German government

German shipbuilder Meyer Werft, which was hit by a major financial crisis, has received extensive support from the government to secure its economic future.

about 2 years ago

Business Developments & Projects

McDermott and BW Offshore join forces on offshore ammonia production

McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production.

about 2 years ago

Business Developments & Projects

Hanwha Power Systems and GasLog shake hands on ammonia gas turbine retrofit project

Energy equipment and marine solutions company Hawnha Power Systems, a part of South Korean Hanwha Group, and Greek LNG shipping services provider GasLog have agreed to work on replacing the existing fossil fuel-powered vessels with ammonia gas turbines under the new memorandum of understanding (MoU)

about 2 years ago

France’s Nexans won a deal to develop the interconnector’s power cable scope (photo depicts cable laying vessel (for illustration purposes); Source: Nexans

Business Developments & Projects

‘World’s longest and deepest’ €2.4 billion subsea green electricity interconnector given a go at Mediterranean energy map metamorphosis

A multi-billion-euro underwater high voltage direct current (HVDC) interconnector project, envisioned to link Europe, the Middle East, and Asia, will connect the green electricity transmission dots for the Cyprus-Greece-Israel triangle, bringing together game-changing low-carbon and clean energy bon

about 2 years ago

FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO

Business Developments & Projects

Prysmian’s ‘first-of-its-kind’ FPSO subsea tie-back system in Brazil saves operator money and time for offshore oil project

Prysmian has provided a solution to a tie-back project in the pre-salt layer off the coast of Brazil, which it describes as a groundbreaking system envisioned to connect fields 30 kilometers (km) away to a floating production, storage, and offloading (FPSO) unit, enabling fast-tracked development of

about 2 years ago

Türkiye's new FPSO destined to work at Black Sea gas field; Source: Türkiye's Ministry of Energy and Natural Resources

Business Developments & Projects

300-meter-long FPSO comes to Türkiye: Twofold increase in Black Sea gas production on the horizon (Photo)

Türkiye has welcomed the arrival of its first-ever floating production, storage, and offloading (FPSO) vessel, which is the same size as three standard football fields put together and will double the gas production from the country’s giant field in the Black Sea, once the unit kicks off its 20-year

about 2 years ago

FPSO P62 on Roncador field; Source: Equinor

Business Developments & Projects

Fresh multimillion-dollar gigs take TechnipFMC to Petrobras’ oil fields in Brazilian waters

TechnipFMC has landed two new subsea assignments with Brazil’s state-owned energy giant Petrobras, allowing it to work on three offshore oil fields in the Brazilian pre-salt area.

about 2 years ago

Business Developments & Projects

Spliethoff Group expands fleet to over 140 vessels through latest acquisition

Dutch shipping company Spliethoff Group has acquired ForestWave, a compatriot company active in the multipurpose shortsea segment, with the latter joining Spliethoff Group as its seventh business unit, expanding the number of vessels commercially operated by the group to a combined fleet of over 140

about 2 years ago

Business Developments & Projects

TotalEnergies fires up Argentinian offshore project letting Fenix fuel ‘Land of Fire’ with more gas

TotalEnergies has powered an energy project at an archipelago off the southernmost tip of the South American mainland up with new gas resources by starting production from a field in southern Argentina. This gas project is located 60 km off the coast of Tierra del Fuego, which is interpreted as ‘Lan

about 2 years ago

The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO

Business Developments & Projects

US rolls out largest wave power fund in its history to step up the ocean energy game

The U.S. Department of Energy (U.S. DOE), Water Power Technologies Office (WPTO), has issued a $112.5 million funding call to spur the demonstration of wave energy technologies through open water testing and system validation. The WPTO is set to allocate funding over the next five years to support w

about 2 years ago

Business Developments & Projects

Judicial order to halt offshore gas ops puts Colombia at risk of energy deficit in 2025, industry associations warn

The Colombian Oil and Gas Association (ACP) and the Colombian Natural Gas Association (Naturgas) have voiced their concern over the ruling, which pulled the plug on natural gas exploration activities conducted in a well offshore Colombia.

about 2 years ago