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  • Jadestone in the running for Woodside’s oil & gas assets off Western Australia

    13 February 2024
    Business & Finance, Business Developments & Projects

    Jadestone Energy has confirmed its participation in the bid process for Woodside’s participating interests in oil and gas assets off Western Australia.

  • Stena Bulk expands fleet with ECO MR quartet

    13 February 2024
    Business Developments & Projects, Green Marine, Vessels

    Tanker shipping company Stena Bulk has inked long-term charter agreements for four newbuild eco Medium Range (MR) tankers. The ships will be taken on five-year charters from an unnamed private Japanese shipowner major. Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hyundai Mipo by the end of 2025. Two further eco MR tankers, Stena Contender and Stena […]

  • End of subsea construction phase for German pipeline

    13 February 2024
    Business & Finance, Business Developments & Projects, Project & Tenders, Technology

    ABL Group has completed the marine warranty survey scope related to the installation of Germany’s Ostsee Anbindungsleitung (OAL) subsea pipeline, where the first gas feed-in is expected soon. GASCADE Gastransport contracted ABL to provide marine warranty survey (MWS) services to supervise the transportation and installation (T&I) operations related to the 50-kilometer-long 48-inch (121.9 cm) subsea […]

  • DOF secures further backlog in APAC at improved rates and margins

    13 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels

    DOF Group has secured a contract and a contract extension in Asia Pacific, securing further backlog in the region. The latest contract secured for the region will use Skandi Hercules and see the vessel fully utilized off the Australian coast into the third quarter of this year. The contracted scope includes project management and engineering, […]

  • H2Global and JOGMEC initiate clean hydrogen cooperation

    13 February 2024
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Regulation & Policy, Technology, Transition

    Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of understanding (MoU) to cooperate in the field of clean hydrogen. The MoU was signed by Ichiro Takahara, Chairman & CEO of JOGMEC, […]

  • Norwegian NTE’s plant at Kråkøya produces its first hydrogen

    13 February 2024
    Business Developments & Projects, Exploration & Production, Project & Tenders, Storage, Vessels

    Norwegian NTE’s (Nord-Trøndelag Elektrisitetsverk) green hydrogen production plant at Kråkøya in Nærøysund municipality has produced its first hydrogen gas. According to NTE, this represents a significant step forward for zero emissions in the maritime sector as the plant is the first hydrogen production, storage and bunkering facility for ships in Norway. “Our ambition at NTE […]

  • FPSO nearing completion but changes made to North Sea oil project’s start-up date

    13 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Vår Energi has revised its timeline for the first oil from a field life extension project in the North Sea offshore Norway.

  • USV orders of over $1.25 million land on Ocean Power Technologies’ table

    13 February 2024
    Business & Finance, Business Developments & Projects, Innovation, Outlook & Strategy, Project & Tenders, Technology

    Ocean Power Technologies (OPT) has secured multiple orders for fully integrated WAM-V unmanned surface vehicles (USVs) totaling over $1.25 million. According to OPT, the recent commercial orders come from clients in Latin America, highlighting the wide-ranging capabilities and applications of the WAM-V USVs. The surge in demand for innovative maritime solutions has driven the orders, […]

  • Petrobras targets reliable subsea production with topside-less technology 

    13 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Equipment, Exploration & Production, Innovation, Outlook & Strategy, Project & Tenders, Technology

    Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology cooperation agreement with Petrobras to design, manufacture, test, and provide operational support for a […]

  • ‘We do not compromise with safety,’ says CEO as Island Drilling looks into legal steps to challenge rig termination

    13 February 2024
    Business & Finance, Business Developments & Projects, Rules & Regulation

    Island Drilling is in the process of evaluating all legal recourse at its disposal to contest a recent rig contract termination.

  • Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?

    13 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

    The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.

  • Reach Subsea makes moves to meet increasing demand for subsea services

    12 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels

    Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm period and 6+6 months options. According to Reach Subsea, Northern Maria […]

  • QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers

    12 February 2024
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Vessels

    As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. QatarEnergy announced its decision on February 10 stating […]

  • 16 European partners kick off project to scale up offshore solar

    12 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Market Outlooks, Outlook & Strategy, Vision

    Sixteen European partners have started an EU joint industry project (JIP) where floating solar technology is scaled up to standard formats of 150 MW enabling to build gigawatt scale farms. The BAMBOO project (Building scAlable Modular Bamboo-inspired Offshore sOlar systems) aims to resolve challenges for the rollout of large-scale offshore solar into new and existing […]

  • Fresh oil, gas, and drilling plays shape global energy ecosystem

    12 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.

  • BAR Technologies picks European producer for its wind propulsion systems

    12 February 2024

    Wind propulsion developer BAR Technologies (BAR) has entered into a partnership agreement with Nervion Naval Offshore (Nervion), a pioneer in floating offshore wind platforms, to manage and oversee the production of BAR Technologies’ WindWings in Europe. The agreement with Nervion, a company owned by Amper Group and with factories in Ferrol and As Somozas (Galicia, […]

  • Onshore cable provider wanted for second Malta-Italy interconnector

    12 February 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    InterConnect Malta, the company behind the second Malta to Italy interconnector, has issued a tender for the manufacture and installation of onshore cables for the project. The tender is looking for a company to manufacture and install the onshore 245 kV and 145 kV cables, fiber optic cable and accessories for the electrical interconnector in […]

  • SCZONE-Belgium cooperation talks include green fuel projects

    12 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics

    François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. On February 7, SCZONE said it received d’Elzius within the framework of enhancing the cooperation. The visit coincided […]

  • Crew behavior changes lead to significant fuel savings, Ridgebury says following trial

    12 February 2024
    Business Developments & Projects, Collaboration, Environment, Equipment, Green Marine, Human Capital, Innovation, IT & Software, Outlook & Strategy, Regulation & Policy, Technology, Vessels

    A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. Specifically, Ridgebury Tankers has carried out a six-month trial in cooperation with behavior change startup Signol during which officers on four tankers were motivated to make fuel-saving decisions. Signol analyzed Ridgebury’s vessel operational data […]

  • Cavotec wins shore power deal with European shipping line

    12 February 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation

    Swiss cleantech company Cavotec revealed that it has signed a 5.7 million shore power retrofit deal contract with an undisclosed European shipping line. The agreement entails the complete retrofit of container vessels from the installation of Cavotec’s cable management system to modifications of the ship’s switchboards. The work will be completed in 2024 during drydock […]

  • Euronav wins green light for CMB.TECH’s acquisition

    12 February 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Euronav NV, the Belgian tanker shipping company, has secured approval for the acquisition of 100% of shares in cleantech maritime group CMB.TECH during a Special General Meeting held on February 7, 2024. The transaction, valued at $1.150 billion in cash, comes at a time of strategic transformation for the company. “This is an important step […]

  • Altera picks DOF for FPSO and FSO installation campaign at Eni’s African oil & gas project

    12 February 2024
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    Altera Infrastructure has hired DOF Group to install a cylindrical FPSO vessel and a floating storage unit (FSO) offshore Côte d’Ivoire.

  • Larsen & Toubro to deliver floating solar project in India

    12 February 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    India-based firm Larsen & Toubro has secured an order to build a 75 MW floating solar park project on the Panchet Dam in Jharkhand, India. The floating solar project on the Panchet Dam is a part of the Ultra Mega Renewable Energy Power Bank (UMREPP) being developed on Damodar Valley corporation reservoirs in Jharkhand and […]

  • Aker Solutions books FEED contract for CCS terminal at Port of Oslo

    12 February 2024
    Ports & Logistics, Research & Development

    Norway-based energy services provider Aker Solutions has been awarded a front-end engineering and design (FEED) contract by Hafslund Oslo Celsio (Celsio) to develop the CO2 terminal for intermediate storage and export to ship at the Port of Oslo.

  • Site survey on schedule at gas field off Timor-Leste

    12 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    UK-based Baron Oil is set to kick off a site survey at a planned drilling location for an appraisal well on a gas field offshore Timor-Leste. SundaGas Banda Unipessoal, a wholly-owned subsidiary of Baron Oil, has entered into contracts to conduct a survey at the planned drilling location for the Chuditch-2 appraisal well on the […]