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Business Developments & Projects

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Business Developments & Projects

Sulmara completes site characterization survey in Taiwan

Scotland-headquartered Sulmara has completed a site characterization survey for the Formosa 4 offshore wind project in Taiwan, developed by Synera Renewable Energy (SRE). To overcome challenging environmental site conditions, Sulmara said it employed an industry-first, multi-platform approach runnin

about 2 years ago

Business Developments & Projects

Brazilian pair exploring gas infrastructure sharing to achieve synergies in Equatorial Margin

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3R Petroleum has signed a MOU with compatriot firm PetroReconcavo to evaluate the sharing of natural gas infrastructure in the Potiguar Basin.

about 2 years ago

Business Developments & Projects

EU partnership looking into floating power generation hub with CO2 capture and storage

Dutch provider of offshore floating facilities SBM Offshore and Norwegian energy solutions development company Ocean-Power have signed a partnership agreement to collaborate on a floating power generation hub with CO2 capture and storage. With the signature of a memorandum of understanding (MoU), th

about 2 years ago

FPSO Cidade de Campos dos Goytacazes MV29; Source: MODEC

Business Developments & Projects

Brazilian oil keeps flowing as Campos Basin’s second-largest FPSO hits six-year mark

An FPSO unit operated by Japan’s MODEC on behalf of Petrobras has celebrated its sixth year of operation in the Campos Basin offshore Brazil.

about 2 years ago

Business Developments & Projects

Wärtsilä to provide simulator technology for Wavelink Maritime Institute

Finnish Wärtsilä has supplied its new dual-fuel engine simulator technology for Singapore’s Wavelink Maritime Institute (WMI).

about 2 years ago

Ocean Kinetics and Green Marine (UK), have finished the first phase of decommissioning of the OpenHydro tidal energy platform in the Orkney Islands.

Business Developments & Projects

Scottish duo completes first phase of OpenHydro tidal platform decommissioning

The decommissioning is taking place at the European Marine Energy Centre’s (EMEC’s) Falls of Warness test site.

about 2 years ago

Business Developments & Projects

MPA-NYK collab to promote safe use of zero-carbon fuels

MPA Singapore and NYK have joined forces to accelerate maritime decarbonization, including the promotion of the safe use of maritime fuels.

about 2 years ago

LNG Canada marine terminal, Kitimat, March 2024; Courtesy of Shell-led LNG Canada

Business Developments & Projects

Canada’s first large-scale LNG export facility closing in on start-up date

LNG Canada has made inroads in putting the required pieces in place to bring its LNG export terminal into operation later this year.

about 2 years ago

New VARD cable layer destined for Denmark hits the water

Business Developments & Projects

New VARD cable layer destined for Danish firm hits the water

The cable-laying vessel (CLV) that Norwegian ship designer and shipbuilder VARD is building for Danish subsea specialist NCT Offshore has hit the water in Romania. NCT placed the order for the 95-meter-long CLV with VARD in early 2023, with Vard Design in Ålesund, Norway, in charge of the design, Va

about 2 years ago

Business Developments & Projects

LNG-fueled 7,000 CEU car carrier, to be operated by Hyundai Glovis, delivered

Guangzhou Shipyard International, (GSI) a subsidiary of China State Shipbuilding Corporation, and China Shipbuilding Trade have signed and delivered Glovis Sunshine, a 7,000 CEU LNG dual-fuel car carrier built for H-LINE Shipping.

about 2 years ago

Business Developments & Projects

Danaos invests $509 million in five new methanol-ready containerships

Danaos Corporation has ordered five new methanol-ready containerships for $509 million at Chinese shipyards.

about 2 years ago

Business Developments & Projects

Fresh oil & gas discovery in Latin America puts hub development on the table

Eni has made a new oil and gas discovery in an exploration well located in Block 9 in the Sureste Basin offshore Mexico, using a Valaris-owned semi-submersible rig.

about 2 years ago

Calcasieu Pass project (for illustration purposes); Source: Venture Global LNG

Business Developments & Projects

LNG permitting freeze in court-imposed meltdown mode: Game over for ‘epiphany of ideocracy’ or more fierce US energy battles?

A preliminary injunction from a court in Louisiana has broken a temporary lull in approvals of U.S. liquefied natural gas (LNG) exports to non-free trade agreement (FTA) countries, widening the gap between Big Oil supporters and fossil fuel fighters while the case plays out.

34 minutes read

Showing the Sea Lion FPSO and the Phase 1 & 2 development field layout; Source: Navitas

Business Developments & Projects

Sea Lion ready to roar as ‘next big thing’ once Falkland Islands gives the all-clear

Navitas has confirmed that its giant Sea Lion oil project is ready for a final investment decision (FID), which is still anticipated during 2024 for Phase 1.

about 2 years ago