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Business Developments & Projects

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ABS
Business Developments & Projects

ABS, HD HHI ink 3D printing JDP

Classification society ABS and representatives from an HD Hyundai Heavy Industries (HHI) consortium have signed a joint development agreement (JDP) that paves the way for the onboard manufacture of repair parts.

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business Developments & Projects

Brazilian FPSO comes back online post-maintenance

Brazilian oil and gas player Enauta has resumed production from one of its FPSOs working on a field offshore Brazil.

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about 2 years ago
European Commission approves up to €1.4 billion for fourth hydrogen IPCEI
Business Developments & Projects

European Commission approves up to €1.4 billion for fourth hydrogen IPCEI

The European Commission has approved a fourth IPCEI to support research, innovation and the first industrial deployment in the hydrogen value chain.

about 2 years ago
Woodside obtains $1 billion loan to finance giant gas project
Business Developments & Projects

Japanese back Woodside with $1 billion loan for giant gas project in Australia

Australian energy giant Woodside has signed a $1 billion loan agreement with the Japan Bank for International Cooperation (JBIC) to fund its giant gas project off the coast of Western Australia. The loan agreement, executed in Tokyo, Japan, between Woodside CEO Meg O’Neill and JBIC Deputy Governor K

about 2 years ago
Australia's light blue beach representing an Indigenous-led research report that has proposed a cultural license to operate (CLO) framework to help industries collaborate with First Nations
Business Developments & Projects

Indigenous-led report paves the way for marine industry collaboration with First Nations (Video)

An Indigenous-led research report has proposed a cultural license to operate (CLO) framework to help industries collaborate with First Nations, fostering trust and cultural legitimacy in the blue economy operations.

about 2 years ago
Sumitomo SHI FW
Business Developments & Projects

Sumitomo SHI FW comes onboard Portuguese renewable methanol project

Finland-based Sumitomo SHI FW (SFW) has signed an agreement with Portugal’s Capwatt to provide Front-End Engineering Design (FEED) services for a syngas production plant, integral to the Mangualde Renewable Methanol project in Portugal.

about 2 years ago
Prysmian completes export cable installation at 30 MW French floating wind farm
Business Developments & Projects

Prysmian completes export cable installation at 30 MW French floating wind farm

Italy-headquartered Prysmian has completed the installation of the export cable for the 30 MW Gruissan/EolMed floating offshore wind project in France. In 2021, Prysmian signed a contract with the French transmission system operator (TSO) Réseau de Transport d’Électricité (RTE) for the engineering,

about 2 years ago
Illustration; Source: Salunda
Business Developments & Projects

Jack-up rig in Middle East to sport UK player’s red zone monitoring solution

The UK’s Salunda has secured a multi-year contract to install its red zone monitoring solution on a jack-up rig in the Middle East.

about 2 years ago
Hong Kong office opening ceremony; Source: NYK
Business Developments & Projects

Asia Pacific trio opens sixth ship management company for LNG carriers

NYK, China Merchants Energy Shipping (CMES) and CNOOC Group have formed their sixth LNG ship management company, in Hong Kong.

about 2 years ago
Swedbank
Business Developments & Projects

Green finance: Swedbank adopts climate target for shipping portfolio

Nordic-Baltic banking group Swedbank has set a climate target for its shipping portfolio by integrating climate considerations into its loan decisions for ship finance.

about 2 years ago
Norwegian oil & gas players come up dry in North Sea and Barents Sea
Business Developments & Projects

Norwegian oil & gas players come up dry in North Sea and Barents Sea

Norwegian oil and gas players Aker BP and Vår Energi have respectively drilled two wells in the North Sea and Barents Sea that turned out to be dry. Aker BP drilled the dry well 24/6-5 Alvheim Deep in the North Sea in production license 203, awarded in 1996, representing the eleventh exploration wel

about 2 years ago
Oceaneering, TotalEnergies make headway to sustainable commercial pipeline inspection
Business Developments & Projects

Oceaneering, TotalEnergies make headway in sustainable commercial pipeline inspection

U.S. technology company Oceaneering has carried out a pipeline inspection industrial pilot using an autonomous underwater vehicle (AUV) for TotalEnergies, as part of the French energy giant’s ambition to become a net-zero company. The North Sea pilot using the Freedom AUV saw the inspection of over

about 2 years ago
four men in suits gather for opening of SolarDuck's new office in Tokyo
Business Developments & Projects

SolarDuck strengthens Asia Pacific foothold with expansion of Tokyo office

Dutch-Norwegian company SolarDuck has expanded its regional office in Tokyo, Japan, to better devote to the Japanese market and accelerate the commercialization of its floating solar technology.

about 2 years ago
Caterpillar Marine aims to deploy methanol dual-fuel marine engines in 2026
Business Developments & Projects

Caterpillar Marine aims to deploy methanol dual-fuel marine engines in 2026

Caterpillar Marine signed an MoU with Damen Shipyards Group to advance the development of its methanol dual-fuel Cat 3500E marine engines.

about 2 years ago