Business Developments & Projects
French firm launches hybrid ROV made for USV applications
Paris-headquartered provider of smart remotely operated vehicle (ROV) assets and services Forssea Robotics has introduced its newborn ROV developed for uncrewed surface vessel (USV) integration and shallow water deployments. According to Forssea Robotics, the ARGOS-X ROV has been optimized for offsh
SFL takes delivery of fourth LNG dual-fuel car carrier
Bermuda-based ship owner and charterer SFL Corporation has welcomed the fourth LNG dual-fuel car carrier, Thor Highway, to its fleet.
Shell hands out FEED work for Brazil-bound FPSO to MODEC
Shell has picked MODEC to provide the front-end engineering and design (FEED) services for an FPSO) destined to work off the coast of Brazil.
US firm offloads stakes in several deepwater Gulf of Mexico oil & gas assets
Beacon Offshore Energy has wrapped up the sale of its non-operated interests in multiple fields in the deepwater Gulf of Mexico region.
Shell approves Verdagy electrolyzers for future green hydrogen projects
Shell technically approved electrolyzers developed by Verdagy, qualifying it as a supplier in Shell’s upcoming green hydrogen projects.
NYK, JMU: New method to evaluate ship performance in actual seas
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and compatriot shipbuilder Japan Marine United Corporation (JMU) have decided to establish an analysis and evaluation method to evaluate ship performance in actual sees before construction is completed.
Mega LNG fleet expansion rises to 104 vessels after QatarEnergy strikes deal with four shipowners
The second phase of QatarEnergy’s giant shipbuilding program has surpassed the 100 mark, reaching 104 conventional LNG vessels.
Jack-up rig kicks off multi-well offshore drilling campaign in Oman
Masirah Oil, a subsidiary of Singapore’s Rex International, has embarked on a multi-well drilling program at a field off the coast of Oman.
First survey done, second to go at gas field off Timor-Leste
Baron Oil has completed a geophysical survey for the Chuditch-2 appraisal well off Timor-Leste and is preparing for the geotechnical survey.
Owner of largest fleet of Seaeye Falcon ROVs buys five new units
Aberdeen-based Underwater Contracting (UCO), owner of the largest fleet of Saab UK’s Seaeye Falcon remotely operated vehicles (ROVs), has purchased five new units for a total of 38 Falcon systems. UCO said it had expanded its fleet in response to major new multi-year contract wins across all sectors
HD Hyundai Mipo kick-starts production of ammonia-powered ships
South Korean shipbuilder HD Hyundai Mipo revealed it has developed an ammonia-powered ship using a number of domestic technologies.
CorPower Ocean joins EIC Scaling Club’s community
Swedish company CorPower Ocean has been chosen to join the EIC Scaling Club, an EU-backed community of 100+ European high-growth deep-tech champions and their partners. Supported by the European Innovation Council, a flagship program of the European Commission with a budget exceeding €10 billion, th
SLB buying majority ownership in Norwegian carbon capture company
American oilfield services company SLB is acquiring majority ownership in Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) as part of an agreement under which the two parties will combine their respective carbon capture businesses. SLB will pay NOK 4.12 billion (around $379.4 mil
BGN: $370M secured for three new VLGCs
Swiss energy company BGN and the UAE-based player across multiple marine sectors Al Seer Marine have secured funding from several banks located in the Gulf region to support the construction of three very large gas carriers (VLGCs) in South Korea and Japan.