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Business & Finance

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Second Island Offshore hybrid ocean energy construction vessel under construction at VARD
Business & Finance

VARD cuts steel for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has cut the first steel for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore, some four months after the first steel was cut for the first vessel. Island Offshore placed an order with VARD for the

about 1 year ago
Brage platform; Source: OKEA
Business & Finance

Norwegian operator tasks AGR with oil & gas reserves assessments

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Norway’s AGR, part of the energy and marine consultancy ABL Group, has been entrusted with delivering annual independent reserves evaluation and a competent person report (CPR) to OKEA, a compatriot oil and gas player.

about 1 year ago
MOL
Business & Finance

MOL grows tank storage business as it completes LBC Tank Terminals acquisition

Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.

about 1 year ago
Seismic vessel Ramform Vanguard
Business & Finance

TGS gets offshore wind site characterization job in Norway

TGS has won a contract for offshore wind site characterization, including acquisition, imaging, and interpretation services offshore Norway. Ramform Vanguard will start acquisition in early July, with a duration of approximately 25 days. The imaging and interpretation work will begin concurrently wi

about 1 year ago
MSC books new China-built LNG dual-fuel boxships in $1.2 billion deal
Business & Finance

MSC books new China-built LNG dual-fuel boxships in $1.2 billion deal

Swiss container shipping giant MSC is set to invest over $1.2 billion in fleet expansion with a new order for up to six LNG dual-fuel containerships at a Chinese shipyard.

about 1 year ago
Upgrade and maintenance wrap up for Island Offshore's 17-year-old vessel
Business & Finance

Upgrade and maintenance wrap up for Island Offshore’s 17-year-old vessel

Norway’s VARD has completed an upgrade and maintenance project on the 17-year-old Island Wellserver multi-purpose vessel owned by Island Offshore. Delivered in 2008, the 116-meter-long Island Wellserver is capable of performing light well intervention and associated services, construction and subsea

about 1 year ago
Energy Intelligence LNG carrier; Source: Alpha Gas
Business & Finance

Wärtsilä picks up lifecycle optimization job for LNG vessel duo

Wärtsilä has landed a multi-year deal to provide enhanced operational support for two liquefied natural gas (LNG) carriers (LNGC) with Athens-based LNG management company, Alpha Gas.

about 1 year ago
NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico
Business & Finance

NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico

NEXTCHEM has been awarded about €210 million basic engineering and critical proprietary equipment supply contract for the low-carbon methanol project, Pacifico Mexinol, located in Sinaloa, Mexico.

about 1 year ago
Courtesy of DNO
Business & Finance

North Sea offtake with Norwegian player bringing more gas to ENGIE

DNO has got its hands on an offtake agreement with France’s ENGIE for its Norwegian gas production and a related offtake financing facility with a U.S. bank.

about 1 year ago
WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam
Business & Finance

WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam

An energy subsea construction vessel (ESCV) being built in Vietnam for Norwegian shipping company Rem Offshore has hit the water one month ahead of schedule. Once delivered next year, the vessel will perform heavy construction work in offshore wind and subsea arenas with net-zero emissions. Followin

about 1 year ago
In response to higher demands for security, test bed for protecting critical infrastructure opens in Norway
Business & Finance

In response to higher demands for security, test bed for protecting critical infrastructure opens in Norway

In response to an increasing need for safeguarding critical maritime infrastructure due to ongoing geopolitical uncertainty and an increasingly dynamic risk picture, Norway’s KONGSBERG has opened a maritime test bed for protecting potentially vulnerable infrastructure such as subsea pipelines, power

about 1 year ago
PowerCell
Business & Finance

PowerCell lands order for new MS-500 marine fuel cell system

PowerCell has signed a SEK 44 million (around $4.626 million) agreement with an undisclosed Italian marine OEM for the development and delivery of a new MS-500 marine fuel cell system.

about 1 year ago
LDA
Business & Finance

As new stakeholder joins, LDA ready to future-proof business with €1B investment

InfraVia, a France-based private equity company, has completed the acquisition of an 80% majority stake in compatriot maritime company Louis Dreyfus Armateurs (LDA).

about 1 year ago
$75 million earmarked to level up Norwegian emission-free shipping game
Business & Finance

$75 million earmarked to level up Norwegian emission-free shipping game

Norwegian government enterprise Enova has awarded approximately NOK 763 million ($75.5 million) to projects developing hydrogen- and ammonia-powered vessels in the latest round of investments in emission-free shipping.

about 1 year ago