Business Developments & Projects
Rovco spin-off raises $20M for globalization and expansion plans
Vaarst, tech spin-off of subsea player Rovco, has raised $20 million in investments to fund its global expansion plans and drive next-generation technology adoption in marine industries. The investment is the first in the company’s Series B round and will be used for the expansion of its pioneering
Yara pre-orders world’s 1st green ammonia floating bunkering terminals
The world’s first carbon-free ammonia fuel bunker network is arriving in Scandinavia. Norwegian fertilizer company Yara International has pre-ordered 15 floating bunkering terminals from compatriot Azane Fuel Solutions, enabling the delivery of green ammonia fuel to the shipping industry.
Irish utility company on the lookout for cable supplier
Irish utility company Electricity Supply Board (ESB) has issued a tender seeking a contractor for the design and build of the 400 kV Shannon Estuary cable project in the south of Ireland. The scope of work will include the manufacture and installation of a 400 kV land and subsea cable circuit that i
Finnlines: Keel laid for first hybrid RoPax
The keel-laying ceremony has been held for Finnsirius, the first Superstar roll-on/roll-off passenger (RoPax) ferry ordered by Finnish ferry operator Finnlines.
SIMEC Atlantis lands close to €3 million for MeyGen turbines redeployment
SIMEC Atlantis Energy has secured a non-convertible loan of €2.95 million from Scottish Enterprise for the redeployment of MeyGen turbines.
Aker BP to gauge remaining oil potential of North Sea field
After concluding the drilling of two wells, Aker BP will be working on evaluating the remaining oil potential within a North Sea field.
Carbon Transition completes sale of its seismic node-on-a-rope business
Norwegian survey services provider Magseis Fairfield has completed the purchase of Carbon Transition’s seismic node-on-a-rope business. The compatriot companies informed that all closing conditions to the agreement have been satisfied and the transaction has been completed. By purchasing Carbon Tran
ClassNK approves GTT’s tank design for LNG-fueled PCTCs and cruise ships
Japanese classification society ClassNK has granted approval in principle (AiP) to France’s GTT for its innovation applicable to LNG-fueled PCTCs and cruise ships.
New zero-emission projects in shipping on the rise
There was a notable increase in zero-emission projects in the past year, according to the Getting to Zero Coalition’s third update of Mapping of Zero Emission Pilots and Demonstration Projects in shipping.
What is the meaning of licence extension for controversial Cambo project in UK?
Partners in the Cambo project, Shell and Siccar Point Energy, have received a licence extension for the controversial field development.
TotalEnergies to become shareholder in Sempra’s Vista Pacifico LNG
TotalEnergies has signed a deal with Sempra to offtake one-third of the Vista Pacifico LNG production and become a shareholder in the project.
England-Scotland subsea power links get provisional approval from UK regulator
The UK energy regulator Ofgem has granted provisional approval for the subsea electricity transmission high voltage direct current (HVDC) links that will connect Scotland and England. In a document published on Wednesday, 30 March, Ofgem said it considers “there is a clear consumer benefit in the Ea
Novozymes new mission ambassador of zero carbon shipping center
Denmark-based biotechnology company Novozymes has joined the Mærsk Mc-Kinney Møller Centre for Zero Carbon Shipping as a mission ambassador.
Green light for North Sea development with first oil expected this year
Ithaca Energy has secured consent for the development of a subsea tie-back to its FPF-1 facility in the UK North Sea.