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Business Developments & Projects

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WaveRoller, a white and blue wave energy converter in the sea
Business Developments & Projects

ONDEP project wins €19M EU funding to deploy wave energy array offshore Portugal

The Ondas de Peniche (ONDEP) project has secured €19 million in funding from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array with four WaveRoller wave energy converters offshore Portugal. The ONDEP project will start in October 2024 and run for five and a half years, cover

about 2 years ago
Denmark’s Port Esbjerg bolsters offshore wind, ammonia, and hydrogen ties with Korea’s Ulsan port
Business Developments & Projects
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Denmark’s Port Esbjerg bolsters offshore wind, ammonia, and hydrogen ties with Korea’s Ulsan port

Denmark’s Port Esbjerg and Korea’s Port of Ulsan have formed a strategic partnership to drive innovation and sustainability in the maritime industry through both parties’ experience in handling hydrogen and ammonia as well as offshore wind projects. Port Esbjerg revealed the collaboration via social

about 2 years ago
Megalodon; Source: Pinnacle Engineering
Business Developments & Projects

New oil & gas discovery pops up in Gulf of Mexico while ongoing drilling ops hint another may come soon

Talos Energy has confirmed a discovery of commercial quantities of oil and natural gas at a block in the U.S. Gulf of Mexico where the firm holds a non-operated stake.

about 2 years ago
Danish power cable player to expand production capacity at another Swedish facility
Business Developments & Projects

Danish power cable player expanding production capacity at another Swedish facility

After Karlskrona, Sweden, Denmark-headquartered power cable manufacturer and installation firm NKT is expanding its operations in Alingsås to boost the production capacity of high-voltage accessories. NKT is currently constructing a new hall in Alingsås for testing power cable accessories up to 525

about 2 years ago
Potential turbine by Nova Innovation
Business Developments & Projects

Industry welcomes boost to tidal stream projects following latest UK renewables auction results

Key industry players have welcomed the recent UK renewables auction results, where six tidal stream projects secured contracts, viewing it as a strong endorsement of the tidal energy sector’s growth. Five developers secured contracts to develop a total of 28 MW of tidal stream energy across the UK.

about 2 years ago
Titan bunkers Erik Thun’s new LNG-powered ship in Belgium
Business Developments & Projects

Titan bunkers Erik Thun’s new LNG-powered ship in Belgium

Dutch marine fuels supplier Titan has delivered LNG to the newbuild Thun Vettern, an LNG dual-fuel vessel owned by Swedish shipping company Erik Thun, in its first simultaneous operations (SIMOPS) bunkering in Ghent, Belgium. The operation saw Titan’s Flexfueler 001 deliver 180 MT of LNG to Thun Vet

about 2 years ago
Jack/St. Malo is believed to be one of Chevron’s highest producing facilities in the U.S Gulf of Mexico; Source: Chevron
Business Developments & Projects

US energy giant pulls off oil & gas uplift at Gulf of Mexico deepwater duo

Chevron has taken steps to raise the oil and natural gas recovery bar at two facilities in the deepwater U.S. Gulf of Mexico in line with its plans to increase production in this region.

about 2 years ago
Norwegian long-range AUV performs multi-week fully autonomous mission
Business Developments & Projects

Norwegian long-range AUV performs multi-week fully autonomous mission

Norway’s Kongsberg Discovery has completed a multi-week fully autonomous mission with its long-range autonomous underwater vehicle (AUV) HUGIN Endurance, said to have proven shore-to-shore operational capability. The mission, carried out at depths ranging from 50 to 3,400 meters and meeting the 1,20

about 2 years ago
Chevron secured Stena Drilling’s Stena Forth drillship for a decommissioning campaign in the Mediterranean Sea offshore Israel a few years ago, alongside an option for a well offshore Cyprus; Source:
Business Developments & Projects

Chevron takes another shot at making Aphrodite rise from the sea with revised $4 billion plan for offshore gas development

Chevron has handed over an updated plan for the development of an offshore gas field reservoir in Block 12 to the government of Cyprus, which is located in the Eastern Basin of the Mediterranean Sea.

about 2 years ago
LR and KRISO
Business Developments & Projects

LR and KRISO unite to advance validation and verification processes in marine automation

Led by efforts to advance the integration of autonomous technologies in the maritime sector, classification society Lloyd’s Register (LR) and the Korea Research Institute of Ships & Ocean Engineering (KRISO) have entered a joint development program, focused on verifying and validating marine autonom

about 2 years ago
With DNV’s stamp of approval in place, bound4blue eyes faster adoption of eSAIL
Business Developments & Projects

With DNV’s stamp of approval in place, bound4blue eyes faster adoption of eSAIL

Spanish automated wind-assisted propulsion system specialist bound4blue has received full type approval design certificate (TADC) from classification society DNV for its eSAIL technology, anticipating a faster adoption process and further orders. The eSAIL, designed for both retrofits and newbuilds,

about 2 years ago
'Industry-first' DNV approval for Ocean Infinity's remote vessel operations
Business Developments & Projects

‘Industry-first’ DNV approval for remote vessel operations goes to Ocean Infinity

Houston-based marine robotics company Ocean Infinity has received DNV’s Statement of Compliance for the remotely supported operational concept for the Armada 78 fleet of offshore survey vessels. With this approval, Ocean Infinity said it had become the industry’s first organization to reach the requ

about 2 years ago
Bayu-Undan; Source: Santos
Business Developments & Projects

Santos inks LNG supply deal and irons out details for new partner at gas field offshore Timor-Leste

Santos has signed a new mid-term LNG supply contract with Glencore and hammered out a deal for the divestment of a partial stake in an offshore gas project with TIMOR GAP.

about 2 years ago
Corvus Energy’s marine fuel cell system wins DNV’s type approval
Business Developments & Projects

Corvus Energy’s marine fuel cell system wins DNV’s type approval

Norway-based energy storage company Corvus Energy has received type approval from the classification society DNV for its Corvus Pelican fuel cell system (FCS).

about 2 years ago