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Business Developments & Projects

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NYK to trial 3D model for design of new LPG tanker
Business Developments & Projects

NYK to trial 3D model for design of new LPG tanker

Japanese shipping company NYK and its group company MTI Co., in collaboration with Smert Design Co., have launched a trial to use 3D models in the initial design phase of a liquefied petroleum gas (LPG) tanker.

about 2 years ago
UK firm takes its work-class ROV to Mexico
Business Developments & Projects

UK firm takes its work-class ROV to Mexico

UK’s Forum Energy Technologies (FET) has secured a contract with a Mexican subsea company for the delivery of one of its work-class remotely operated vehicles (ROV). FET reported that its Subsea Technologies product line had won a contract from AQUA Exploracion for one of its Ultra Compact Perry XLX

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about 2 years ago
SolarDuck - OFPV power plant.
Business Developments & Projects

SolarDuck and partners install Japan’s first offshore floating solar

Duch-Norwegian firm Solar Duck and Tokyo’s Tokyu Land Corporation, together with Kyocera Communication Systems, have installed what is said to be Japan’s first offshore floating solar photovoltaic (OFSPV) power plant on the sea surface.

about 2 years ago
Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants
Business Developments & Projects

Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants

Electric Hydrogen has announced $100 million in corporate credit financing to back the manufacturing and deployment of its 100 MW electrolyzer plants.

about 2 years ago
Decommissioning operations; Source: James Fisher Decommissioning
Business Developments & Projects

James Fisher wraps up its largest decom project so far

James Fisher Decommissioning has completed its largest decommissioning project to date for a “major” operator in the Gulf of Thailand.

about 2 years ago
First UK-Germany energy link enters next stage of construction
Business Developments & Projects

First UK-Germany energy link enters next stage of construction

The first-ever energy link between the UK and Germany is moving into the next stage of construction as foundation works are underway on a new UK converter station. The €2.8 billion NeuConnect project will see new converter stations built on the Isle of Grain in Kent and the Wilhelmshaven region in n

about 2 years ago
UK government backs EMEC's growth with £3 million
Business Developments & Projects

UK government backs EMEC’s growth with £3 million

The UK Government is set to award a new £4.6 million support package for the UK’s islands, £3 million of which will be awarded to the Orkney-based European Marine Energy Centre (EMEC) over two years. The funding boost will support EMEC’s growth plans, further helping the center deliver the UK’s net

about 2 years ago
South Arne area; Source: INEOS
Business Developments & Projects

Italian contractor picks up work on North Sea gas platform

Rosetti Marino has tucked a multimillion-euro FEED assignment under its belt for a gas production platform in the North Sea.

about 2 years ago
New DNV standard for hybrid TCPs targets improved reliability of deepwater projects
Business Developments & Projects

New DNV standard for hybrid TCPs targets improved reliability of deepwater projects

Independent energy expert and assurance provider DNV has released its latest standard for hybrid thermoplastic composite flexible pipes (TCPs) intending to facilitate the integration of innovative technologies, such as carbon fiber armor, into flexible riser designs. DNV’s latest standard, DNV-ST-F2

about 2 years ago
Australian electrolyzer firm raises $111 million in Series B investment round led by BP
Business Developments & Projects

Australian electrolyzer firm raises $111 million in Series B investment round led by BP

In what has been described as the largest Series B investment round in Australian clean tech history, electrolyzer company Hysata has raised $111 million led by BP Ventures and Templewater.

about 2 years ago
New renewable hydrogen facility in Brazil receives $30 million boost
Business Developments & Projects

New renewable hydrogen facility in Brazil receives $30 million boost

Green Energy Park (GEP) Global has signed a definitive agreement for $30 million Series-A funding and obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil, marking a milestone on its journey to build a large hydrogen and hydrogen derivatives production plant

about 2 years ago
Ocean GreatWhite semi-submersible rig; Source: Kishorn Port
Business Developments & Projects

Diamond Offshore’s contract backlog hits $1.9 billion amid tightening rig supply and demand dynamics

After enlarging its contract backlog by $713 million in 1Q 2024,Diamond Offshore is determined to expand its backlog further.

about 2 years ago
Mermaid Maritime’s joint venture to keep working for oil major
Business Developments & Projects

Mermaid Maritime’s joint venture to keep working for oil major

Mermaid Maritime’s joint venture with a Middle Eastern offshore services company has secured a one-year contract extension for subsea services with an upstream oil and gas company. Thailand-headquartered Mermaid won the contract in a joint venture formed with a local offshore services operator in a

about 2 years ago
Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.
Business Developments & Projects

Following three months of testing, Minesto’s megawatt-scale tidal energy kite ‘delivering as expected’

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected in its first three months of operations and the data being generated underlines the commercial readiness of Dragon Class systems, the Swedish company reported. The 1.2 MW powerplant was installed and commissioned at the site in Ve

about 2 years ago