Business Developments & Projects
US to pump $450 million into port infrastructure development
The U.S. Department of Transportation’s Maritime Administration (MARAD) has published a notice of funding opportunity (NOFO), making $450 million available for Port Infrastructure Development Program (PIDP).
NIB co-finances Norled’s low-carbon fleet
The Nordic Investment Bank (NIB) has signed a seven-year loan to co-finance ferry and express boat operator Norled AS’ investments in zero- and low-carbon vessels and related land-based infrastructure in Norway during 2024-2030.
Neapolitan firm delivers survey work for 1 GW Italian subsea electricity link
Naples-headquartered survey contractor Next Geosolutions (NextGeo) has completed survey works for the east section of the Italian Tyrrhenian Link connecting Sicily with Campania. NextGeo has wrapped up all the pre-installation survey tasks for the Tyrrhenian Link East branch on behalf of Italian cab
Biden-Harris administration to back US hydrogen industry with $750 million
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) has announced $750 million for 52 projects across 24 states to support the hydrogen industry. According to DOE, these projects, funded by the President’s Bipartisan Infrastructure Law, will help advance ele
How far has Shell’s decarbonization journey gone and what is yet to come?
Shell has reiterated its commitment to halving Scope 1 and 2 emissions from its operations by 2030, compared with 2016 on a net basis.
SSEN Transmission renews partnership with BAM and Siemens Energy
SSEN Transmission has renewed its partnership with BAM and Siemens Energy regarding the delivery of onshore transmission infrastructure schemes. BAM and Siemens Energy will support SSEN Transmission in delivering onshore transmission infrastructure schemes, working to help deliver the substations th
Archer secures $20 million platform drilling contract in Brazil
Archer has won a contract for comprehensive platform drilling services in Brazil with Trident Energy.
HaiSea unveils home base for ‘world’s greenest tugboat fleet’ to serve LNG Canada facility
HaiSea Marine, a joint venture majority owned by the Haisla Nation in partnership with Seaspan ULC, has welcomed its new floating operations facility, the home base for the “world’s greenest tugboat fleet” that will support LNG carriers calling at LNG Canada’s new export facility in Kitimat, British
Equinor taps Shearwater to back production optimization at UK and Norwegian fields
Norway-based Shearwater Geoservices has won two 4D monitoring projects from Equinor, a Norwegian state-owned energy giant, for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea. Shearwater plans to utilize its Isometrix technology for conducting surveys, employing 4D s
Is Western Australia short on encouraging government policies to unseal untapped gas resources?
Western Australian government is being urged to put the required policy settings in place to unleash new gas reserves.
Equinor keeps Archer busy with platform drilling gigs worth over $762 million
Archer has tucked a long-term contract extension under its belt with Equinor for platform drilling services off the coast of Norway.
Oceaneering to get equipment that ‘dramatically’ reduces subsea geotechnical surveying time
Oceaneering has placed an order with a UK-headquartered company for a next-generation auto-drop piston corer expected to enable time-saving for subsea geotechnical surveying. A piston corer is a long, heavy tube plunged into the seafloor to extract samples of soft sediment, which provide information
Orbital Marine Power’s floating tidal energy turbine nears splash in US waters
Scotland-based renewable energy company Orbital Marine Power has been confirmed as the technology partner for Orcas Power & Light Cooperative (OPALCO)’s proposed site off Blakely Island in Rosario Strait, Washington State. Building on a memorandum of understanding (MOU) signed in 2021, the news foll
17 shore power projects get $13.6M from Enova
A total of seventeen shore power projects will receive almost NOK 143 million (about $13.6 million) in support from Enova, a Norwegian government enterprise, in the latest round of investments in the electrification of maritime transport.