Business Developments & Projects
Eltronic FuelTech partners with CSTC Shanghai to promote greener fuel solutions in China
Eltronic FuelTech and CSTC Shanghai will work on the adoption of Eltronic FuelTech’s greener fuel technologies in China’s maritime sector.
South Koreans to set up specialized test facility for HVDC cables
South Korean Taihan Cable & Solution is planning to set up a specialized test facility for high-voltage direct current (HVDC) cables as a response to the growing global demand. The dedicated test facility will be built on approximately 7,000 square meters of unused land at the Dangjin plant, which i
Scana company secures contract to deliver FPSO mooring equipment
Scana-owned Seasystems has won a contract worth between NOK 20 and 50 million (between $4.5 and $13.9 million) for the delivery of a turret structural connector system for floating production storage and offloading (FPSO) in the Gulf of Mexico.
‘Win-win’ deal with Nigerian oil & gas firm enabling drilling rig to move to India on time
Dolphin Drilling has struck a deal regarding past due payment amounts and remaining work under a drilling contract off the coast of Nigeria.
UK backs creation of green international shipping routes with fresh funding
The UK government has revealed it will launch the bidding process for the £1.5 million funding aimed at establishing zero-emission shipping routes to and from the UK.
Advent Technologies, Siemens Energy to work on maritime fuel cell solution
Advent Technologies and Siemens Energy have signed an agreement (JDA) to develop an integrated 500 kW HT-PEM fuel cell solution for maritime applications.
New carbon insetting program unveiled to accelerate shipping’s zero-emission future
A consortium of maritime organizations has introduced ‘the world’s first’ Carbon Insetting Program for Zero Emission Shipping.
Aramco hands out 12-month jack-up rig suspension to Borr Drilling
Borr Drilling has received a notice of temporary suspension of operations for one of its jack-up rigs working for Aramco.
Valaris jack-up rig’s gig with Aramco suspended
Valaris has confirmed the receipt of a suspension for one of its 19 contracted rigs working for Saudi Arabia’s Aramco.
With Dutch player bent on getting lion’s share, Snam ups its stake in Italy’s LNG terminal
Snam, Italy’s energy infrastructure operator, has taken the required step to boost its interest in a liquefied natural gas (LNG) terminal.
Mystery client hires PGS’ Ramform Tethys
Norwegian seismic company PGS has secured a 4D contract in Northern Europe with what it describes as an “independent energy company”.
GT Green Technologies secures $1.6M to commercialize its wind propulsion solution
The UK-based wind propulsion specialist GT Green Technologies has closed a £1.25 million (about $1.58 million) seed equity round to support the commercialization of its AIrWing wind propulsion system.
Following upgrade, Argeo vessel to work for TotalEnergies under $39 million contract
Norwegian marine survey contractor Argeo has secured a $39 million contract with French multi-energy major TotalEnergies for work offshore Africa. Work will be carried out by Argeo Venture and will occupy the vessel for the remainder of 2024. Argeo did not reveal any other information about the cont
Japanese duo employs biomethane to bolster efforts toward carbon-neutral future
Two Japanese players, Mitsui & Co. and Tokyo Gas, have brought liquefied biomethane derived from biogas produced overseas to Japan.