Business Developments & Projects
Maersk wins new gig for warm-stacked rig, boasts second-highest quarterly revenue since listing
Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.
METIS updated data-acquistion system boosts digital shipping
Maritime data analytics company METIS Cyberspace Technology has introduced an upgraded version of its automated data-acquisition system, Ship Connect.
Odfjell exits short-sea ship business
Norwegian shipping and tank terminal company Odfjell SE has entered into a sales agreement for the last three 9,000 dwt short-sea vessels that have operated in the company’s regional trade in Asia.
Yavin Four Consultants goes on recruitment drive across Europe
Engineering consultancy for offshore renewable energy Yavin Four Consultants (Y4) has set out on a recruitment spree seeking fresh talent in Portugal, Italy and Ireland.
Gazprom forms joint venture for Yamal field
Russian gas company Gazprom has formed a new joint venture with private Russian partner Rusgazdobycha to develop the Tambeyskoye field in the Yamal peninsula.
WinGD, HHI-EMD join forces on sustainable engine tech
Marine engine designer and power system integrator WinGD and engine builder Hyundai Heavy Industries’ Engine Machinery Division (HHI-EMD) are to strengthen their collaboration by partnering to develop environmentally sustainable two-stroke engine technology.
Dutch to start investigating new offshore wind sites at IJmuiden Ver
The Dutch Ministry of Economic Affairs and Climate Policy, through the Netherlands Enterprise Agency (RVO), has launched a tender for geophysical investigations in an extended area in the North of the IJmuiden Ver Wind Farm Zone (WFZ), where an additional 2 GW of offshore wind capacity could be acco
ICS: Shipping needs massive R&D investments to reach net-zero target
A report by the International Chamber of Shipping (ICS) and the environmental consulting company Ricardo has pointed out that massive scaling up of finance for research and development (R&D) is essential to achieve zero-carbon emissions by 2050 in the shipping industry.
EDP Renewables invests in major Asian floating solar player
EDP Renewables (EDPR) has become a major shareholder in Singapore-based solar energy company Sunseap, having acquired the stake of 87.4% to reinforce its presence in the Asia-Pacific region.
Eminox-KBB partnership targets reduced marine engine emissions
Emissions control specialist Eminox and turbocharger maker Kompressorenbau Bannewitz (KBB) have teamed up to meet emissions compliance requirements for marine diesel engines.
Rotterdam World Gateway to become carbon-neutral
Rotterdam World Gateway (RWG) has made plans to offset the CO2 emissions and become completely carbon-neutral by 2024.
Port of Gothenburg, Statkraft to build hydrogen production facility
The Port of Gothenburg and Norwegian energy company Statkraft have revealed plans to construct a hydrogen production facility at the port, with operations due to commence in 2023.
Tidal stream power could supply 11% of UK’s electricity demand, study shows
New research led by the University of Plymouth has shown that tidal stream power has the potential to deliver 11% of the UK’s current annual electricity and play a significant role in the government’s drive for net-zero.
Cairn concludes sale of interest in two UK fields for $455 million
Cairn Energy has completed the sale of its interests in the Catcher and Kraken fields located off the UK for $455 million.