Business Developments & Projects
In focus: Are oil & gas plays truly becoming a thing of the past or are we not there yet?
Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, th
VDMA, VSM roll out PtX roadmap for maritime energy transition
German Mechanical Engineering Industry Association (VDMA) and German Shipbuilding and Ocean Industries Association (VSM) have presented a power-to-X (PtX) roadmap for the maritime energy transition.
WinGD, Chord X partner up on sustainable digital solutions for shipping
Swiss marine power company WinGD has signed a proof-of-concept agreement with Singapore-based emissions data specialist Chord X to develop digital solutions focused on sustainability in shipping.
‘Disorderly’ energy transition looms with rising coal demand and high gas prices, says WoodMac
WoodMac: As plans for renewables stall, Asia’s decarbonisation ambition does not match reality amid rising coal demand and high gas prices.
Geophysical survey underway at South Irish Sea offshore wind farm
Ocean Infinity has started a geophysical survey campaign at the South Irish Sea offshore wind farm in Ireland, off the coasts of Wexford and south Wicklow. The survey, which is carried out by the vessel Northern Maria, will last until 30 August, subject to weather conditions. For the survey, Ocean I
UK firm collects $128 million in new deals with headcount increase on the horizon
EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.
Final test and assembly of Bombora’s mWave underway
Bombora Wave Power has begun the final test and assembly phase of its mWave device, said to be the world’s most powerful wave energy converter (WEC).
Deutsche Bank to support Botas in LNG purchases
German investment bank Deutsche Bank and Turkish state-owned LNG company Botas have finalised a $927 million three-year loan for LNG purchases.
UK firm invests millions in new facility to support North Sea oil & gas industry
Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.
World’s first electric fast ferry is here
MS Medstraum, the world’s first fully electric and zero-emission fast ferry classed as a high-speed craft, has embarked on the journey from the Norwegian Fjellstrand shipyard to its new home port, Stavanger.
Contractors win FEED job for UK’s power station with carbon capture
Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.
Reach Subsea preparing fleet for ‘strong market development’
Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO J
Developing one of the largest coastal protection projects in UK
The Environment Agency – in partnership with Eastbourne Borough Council – is working on a new, +£100 million large shoreline protection project – the Pevensey Bay to Eastbourne Coastal Management Scheme. According to EA, this will be one of the largest coastal flood risk projects in the country, as
Geophysical surveys begin at Shell’s floating wind project in Ireland
Green Rebel Marine has commenced a geophysical site survey campaign at the Emerald floating offshore wind project in the North Celtic Sea. The surveys, which began on 13 July and are set to take place until 31 July, are carried out by Roman Rebel, using multibeam echo sounders and ultra-high-resolut