Business Developments & Projects
ME-GI engines to power Seaspan’s LNG container ships
German manufacturer MAN Energy Solutions (ES) has secured a contract with Chinese shipbuilder Yangzijiang Shipbuilding to provide ten ME-GI engines for 7,000 TEU container ships.
IKM Elektro to take care of Vår Energi assets in next five years
Vår Energi has entered into an agreement with IKM Elektro to support all of its operated facilities on the Norwegian continental shelf.
Denmark, Belgium, and Germany step closer to energy island grid links
The Danish Minister of Climate, Energy and Utilities, Dan Jørgensen, and the Belgian Minister of Energy, Tinne van der Straeten, have signed a formal political Memorandum of Agreement to establish an offshore grid connection between Denmark and Germany including the Danish energy island in the North
Wello in talks for 5MW wave energy project in Barbados
Finnish wave energy company Wello and government-led agency Export Barbados (BIDC) have announced a new cooperation agreement to explore the opportunities that lie in Barbados’ marine space for energy generation.
IOG’s North Sea project still on track for first gas after repairs on Noble rig
IOG plc expects to continue working on a UK North Sea project soon following repairs to a damaged Noble Corporation-owned rig.
Wärtsilä and MPA team up for smart port solutions
Finland-based Wärtsilä Voyage and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) to collaborate on smart port innovation and digitalisation.
Fred. Olsen 1848 emerges, sets sights on floating offshore wind and floating solar
Norway’s Bounheur ASA has established a new company, Fred. Olsen 1848, dedicated to developing and commercialising new technologies related to renewable energy such as floating offshore wind and floating solar. Fred. Olsen 1848 will focus on the development and commercialization of existing, but als
WinGD engines to run on methanol and ammonia by 2025
Swiss marine engine designer and power system integrator WinGD has revealed that its engines will be able to run on methanol and ammonia from 2024 and 2025 respectively.
Lundin secures permit for Norwegian wildcat well
The Norwegian Petroleum Directorate has granted Lundin Energy Norway a drilling permit for a wildcat well in the Norwegian Sea.
Seabased inks lease for 40MW wave energy park in the Bermudas
Swedish wave energy company Seabased has signed a lease agreement with the Government of Bermuda for the construction of 40MW wave energy park.
Standard Drilling disposes of vessel to diversify energy investments
Standard Drilling has agreed to sell one of its large-sized PSVs for $10.3 million to increase its capital to pursue diversified investments within the energy sector.
Clock is ticking for the future of tidal stream energy in UK, industry warns
Leading figures in the marine energy sector have warned that the UK’s world-leading position in tidal energy can only be maintained with ‘practical support from Government to match its undoubted goodwill’.
Dan-Unity set to order world’s 1st vessels for large-scale CO2 transportation
Danish shipping company Dan-Unity CO2 is ready to order the world’s first vessels capable of large-scale CO2 transportation.
Deltic Energy wraps up North Sea 3D seismic survey
Deltic Energy has completed the 3D seismic survey over its Licence P2428 (Cupertino Area) and surrounding areas in the Southern North Sea.