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FPSO Norne; Credit: Gudmund Nymoen/Equinor
Business & Finance

28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back

Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of Norway.

about 10 months ago
COSL Prospector rig; Source: COSL
Fossil Energy

Fresh oil discovery in Barents Sea comes to light

Vår Energi, an independent upstream oil and gas company on the Norwegian Continental Shelf (NCS), has made a new oil discovery off the coast of Norway, with a semi-submersible rig owned by COSL Drilling Europe.

about 10 months ago
Naming ceremony; Source: K Line
Clean Fuel

Vessel pair destined to be part of QatarEnergy’s LNG fleet gets naming ceremony out of the way

Japan’s maritime transport player, Kawasaki Kisen Kaisha (K Line), has confirmed a naming ceremony for two liquefied natural gas (LNG) carriers at HD Hyundai Heavy Industries’ shipbuilding facility.

about 10 months ago
EU flags
Alternative Fuels

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs).

about 10 months ago
CO2 Collection Terminal; Source: Höegh Evi
Energy Transition

Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden.

about 10 months ago
FPSO hull design; Source: Deltamarin
Fossil Energy

FPSO hull design obtains ABS’ seal of approval

The American Bureau of Shipping (ABS), a classification society, has bestowed an approval in principle (AiP) to Finland’s marine engineering player Deltamarin and China Merchants Heavy Industry (CMHI) for a new versatile floating production, storage, and offloading (FPSO) hull design.

about 10 months ago
Map showing U.S. basins; Source: TGS
Fossil Energy

TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays

Norwegian energy data and intelligence company TGS has finished work on a 13-basin reservoir characterization project in the United States (U.S.), said to offer formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility.

about 10 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Fossil Energy

Chevron earmarks $7 billion for offshore oil & gas moves in Guyana, Mediterranean and US Gulf

U.S.-headquartered energy giant Chevron has unveiled its multibillion-dollar budget for next year, setting aside around $7 billion for offshore oil and gas plays across Guyana, Eastern Mediterranean and the Gulf of America (U.S. Gulf of Mexico).

about 10 months ago
FPSO Petrojarl I; Courtesy of Amplus Energy
Fossil Energy

1986-built FPSO lands redeployment gig at Southeast Asia’s oil project

Finder Energy, a Perth-based oil and gas exploration player, has struck a deal with Aberdeen-based Amplus Energy, which will enable a 39-year-old floating production, storage, and offloading (FPSO) vessel to work at two oilfields off the coast of Timor-Leste, Southeast Asia.

about 10 months ago
Scarabeo 5; Source: Saipem
Clean Fuel

Saipem cheers first gas milestone on rig-turned-FPU at Eni’s African project

Italy’s engineering, drilling, and construction services giant Saipem has confirmed the achievement of first gas at an asset that was recently converted from a semi-submersible drilling rig into a floating production unit (FPU) deployed at Eni’s liquefied natural gas (LNG) project off the coast of C

about 10 months ago
AiP handover ceremony; Source: ClassNK
Alternative Fuels

Tank insulation system for LNG and ammonia-fueled vessels receives ClassNK’s blessing

With the maritime industry facing the pressing challenge of decarbonization, the development of alternative fuel vessels powered by liquefied natural gas (LNG) and ammonia is gaining momentum, as illustrated by an approval in principle (AiP) Japan’s classification society ClassNK has granted for Spr

about 10 months ago
CGEN Engineering tests its tidal energy generator at META; Courtesy of META
Marine Energy

WATCH: Next-gen tidal energy generator undergoes trials at UK’s META

CGEN Engineering, a spinout company from the University of Edinburgh, has put its fully marinised, next-generation modular electrical generator for tidal energy devices to the test over the past few months at a test site of the Marine Energy Test Area (META) in the Cleddau Estuary.

about 10 months ago
XOCEAN wins five-year survey inspection contracts for six Dutch offshore wind farms
Offshore Wind

XOCEAN wins five-year survey inspection contracts for six Dutch offshore wind farms

XOCEAN has been awarded a series of five-year contracts in the Netherlands, under which the company will deliver bathymetric survey services for six offshore wind farms. The agreements, coordinated by Eneco on behalf of the wind farm owners, are for Borssele 3&4, owned by the Blauwwind consortium; B

about 10 months ago
Northern Phoenix; Source: K Line
Alternative Fuels

Northern Lights’ liquefied CO2 carrier arsenal grows as third vessel joins its fleet

China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), has delivered a new liquefied carbon dioxide (LCO2) carrier to Northern Lights, a joint venture (JV) encompassing three European oil majors: Shell, Equinor, and TotalEnergies.

about 10 months ago
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