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Business & Finance

Nuclear-powered vessels are achievable, Norwegian-led study confirms

Nuclear-powered DP vessels are a technically feasible solution and are achievable, the Nuclear Propulsion in merchant Shipping (NuProShip II) study has confirmed. The NuProShip II project, funded by the Research Council of Norway, demonstrates the technical feasibility of nuclear-powered DP vessels,

about 8 months ago

Business & Finance

Italian firm dips its toes into LNG market by joining 25 mtpa project in Louisiana

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Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, has made its first foray into the liquefied natural gas (LNG) market with a strategic deal with Argent LNG, a U.S.-based energy company dedicated to developing LNG export solutions, to participate a

about 8 months ago

Business & Finance

North Sea countries to ink pact with offshore wind industry, TSOs

Government officials from Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway and the UK are set to sign a declaration confirming the ambition to build 300 GW of offshore wind in the North Seas by 2050, and an investment pact with the offshore wind industry and transmissi

about 8 months ago

Noble's Noble GreatWhite, former Ocean GreatWhite rig; Source: Green Yard Feda

Business & Finance

Noble scores $1.3 billion in rig deals and enters Norway’s floater drilling scene

U.S.-headquartered offshore drilling contractor Noble Corporation has picked up new assignments for nine drilling rigs in its fleet, including a job for one of its semi-submersible units, which enables it to make its entrance into the Norwegian harsh environment floater market.

about 8 months ago

Business & Finance

WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels

Spanish automated wind-assisted propulsion system specialist bound4blue has installed the first eSAIL units on the first of five tankers owned by Danish Maersk Tankers. Four 24-meter ‘plug and play’ suction sails were fitted on Maersk Trieste, completing the first stage of an agreement that will see

about 8 months ago

Business & Finance

Prysmian to buy Spanish cable survey and installation solutions provider

Italian cabling giant Prysmian Group is set to acquire ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350 employees. Its

about 8 months ago

Business & Finance

Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays

As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will remain on stable ground during the year

about 8 months ago

Business & Finance

Worley among firms breathing life into $44 billion LNG project during early execution stage

Glenfarne Alaska LNG, a subsidiary of Glenfarne Group, has taken steps to move the first phase of its liquefied natural gas (LNG) export development in Alaska from development into early execution by announcing conditional awards for pipeline construction and line pipe supply, following a multi-roun

about 8 months ago

Business & Finance

Newbuild Dutch multifunctional workboat to hit the market in September

Dutch Van Wijngaarden Marine Services has signed a contract with compatriot shipbuilder and designer Neptune Marine for the construction of an EuroCarrier that will be capable of performing survey and geotechnical services, among other things. The new EuroCarrier 2712 – DP1 – TIER III, to be named M

about 8 months ago

Business & Finance

Vitol locks in LNG supplies through 2031 with Brunei-based firm

Vitol, an energy and commodities company, has prolonged its liquefied natural gas (LNG) sale and purchase agreement (SPA) with Brunei Energy Services & Trading (BEST), ensuring LNG supplies for four additional years.

about 8 months ago

Business & Finance

German dry bulk carrier firm adopts fleet-wide energy optimization technology

German dry bulk carrier owner and operator Oldendorff Carriers is deploying energy optimization technology from a Swedish company to reduce energy consumption and emissions across its fleet. As part of the partnership with Swedish technology provider eMarine, Variable Frequency Drives (VFDs) have al

about 8 months ago

Business & Finance

DeepOcean concludes operations at US offshore wind project

Ocean services provider DeepOcean has completed trenching and survey operations at a U.S. offshore wind project under a contract awarded by what it says is a global provider of engineering, procurement, construction and installation (EPCI). DeepOcean’s scope of work included trenching and surveying

about 8 months ago

Transocean Encourage rig; Source: Transocean

Business & Finance

Equinor’s drilling ops with Transocean rig in the clear

Equinor has secured the green light from the Norwegian authorities for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by Transocean, an offshore drilling player.

about 8 months ago

Business & Finance

Dutch partnership formed to pursue scalable autonomous maritime operations

Dutch Royal IHC and Demcon Unmanned Systems have entered into a strategic partnership for the deployment of unmanned and autonomous vessels for scalable autonomous maritime operations. The partnership has started with the development and integration of containerized launch and recovery systems (LARS

about 8 months ago