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Business Developments & Projects

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Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business Developments & Projects

Repairs ongoing as North Sea FPSO’s production levels drop

Serica Energy has revealed a downturn in production volumes from a floating production, storage, and offloading (FPSO) vessel, which is deployed at its North Sea asset on the UK Continental Shelf (UKCS). Things are expected to improve by month-end once the unit’s repairs are out of the way.

about 1 year ago
Sanmar launches third electric tug for BOTAŞ
Business Developments & Projects

Sanmar launches third electric tug for BOTAŞ

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Türkiye’s shipbuilder Sanmar Shipyards has launched the third fully electric tug built for state-owned crude oil and natural gas company BOTAŞ.

about 1 year ago
Keel laid for Royal Caribbean’s fourth LNG-powered Icon-class cruise ship
Business Developments & Projects

Keel laid for Royal Caribbean’s fourth LNG-powered Icon-class cruise ship

Finland’s Meyer Turku shipyard has held a keel laying ceremony for the fourth liquefied natural gas (LNG)-powered Icon-class cruise ship being built for U.S.-based cruise company Royal Caribbean.

about 1 year ago
China leads in total committed investments in $110B clean hydrogen industry, report finds
Business Developments & Projects

China leads in total committed investments in $110B clean hydrogen industry, report finds

More than 500 clean hydrogen projects worldwide have reached maturity, representing $110 billion in investments, with China occupying the leading position in total committed investments and renewable hydrogen production, according to the Hydrogen Council’s new annual publication.

about 1 year ago
Calypso Van Oord Sofia
Business Developments & Projects

Van Oord wraps up inter-array cable installation at UK’s Sofia offshore wind farm

Van Oord has completed the installation of 109 inter-array cables, which marks the conclusion of its full scope of work on the 1.4 GW Sofia offshore wind farm in the UK. Approximately 360 kilometers of inter-array cables have been installed and tested, connecting the wind farms’ 100 14 MW turbines t

about 1 year ago
Reach Subsea boosts offshore capabilities with acquisition of Swedish firm
Business Developments & Projects

Reach Subsea boosts offshore capabilities with acquisition of Swedish firm

Norway’s Reach Subsea has acquired Subvision AB, a Swedish company founded in 1993, focused on the design of equipment for subsea environments. According to Reach Subsea, Subvision has extensive experience from military and offshore development projects and has, over the years, developed several adv

about 1 year ago
Royal Wagenborg
Business Developments & Projects

Royal Wagenborg hits next construction stage for sixth EasyMax multipurpose vessel

Dutch shipowner Royal Wagenborg has marked a new milestone in the construction of its sixth 14,000 dwt energy-efficient EasyMax multipurpose vessel. As divulged, in the first stretch of September, the bow section of the ship—which is being built by compatriot shipyard Royal Niestern Sander—was trans

about 1 year ago
Floating solar, source: Ciel & Terre
Business Developments & Projects

France adds 20 MWp floating solar at former gravel pit site (Video)

Solar power producer Generale du Solaire and French floating solar company Ciel & Terre EMEA have commissioned a 20 MWp floating solar plant in Leutenheim, France, which the company described as the first of this scale in the region. Built on a former gravel pit, the installation was completed in fo

about 1 year ago
VARD cuts steel for Taiwan-bound subsea construction vessel
Business Developments & Projects

VARD cuts steel for Taiwan-bound subsea construction vessel

Norway’s VARD has cut the first steel for an offshore subsea construction vessel (OSCV) it is building for Taiwan-based Dong Fang Offshore (DFO). The 121.3-meter-long vessel of VARD 3 39 design is said to be a highly versatile platform designed and equipped for subsea operation duties, offshore wind

about 1 year ago
C40 Cities
Business Developments & Projects

ELIRE Infra and partners secure UK funding for hydrogen floating power hubs to decarbonize ports

ELIRE Infra, part of the UK’s ELIRE Group, and its consortium partners have secured £1 million (around €1.152 million) in UK Government funding to develop hydrogen floating power hubs aimed at decarbonizing port operations and supporting the UK’s transition to net zero.

about 1 year ago
Illustration; Source: Next Geosolutions
Business Developments & Projects

NextGeo opens entity in ‘region of crucial importance for oil & gas sector’

Italy’s Next Geosolutions (NextGeo) has opened a new entity in the Middle East, described as a strategic initiative as part of the company’s expansion plan, aimed at strengthening its operational capacity in a “region of crucial importance for the oil & gas sector”. Next Geosolutions Middle East (FZ

about 1 year ago
FPSO Penguins; Source: Shell
Business Developments & Projects

Shell and Equinor take ‘key step’ to set up their UK North Sea JV with CEO appointment

As Adura, an incorporated joint venture (IJV) of the UK’s Shell and Norway’s Equinor, continues making progress in securing regulatory approvals, the two energy heavyweights have unveiled the name of the JV’s chosen Chief Executive Officer (CEO).

about 1 year ago
New Nordic deal paves the way for Finland to store CO2 offshore Norway
Business Developments & Projects

New Nordic deal paves the way for Finland to store CO2 offshore Norway

Finland and Norway have signed a Memorandum of Understanding (MoU) that enables the transport of CO2 from Finland, whose soil is unsuitable for permanent CO2 storage, to Norway for geological storage under the seabed. The MoU was signed on September 4 by the Finnish Minister of Climate and the Envir

about 1 year ago
IINO Lines rings the welcome bell to inaugural dual-fuel VLEC for INEOS charter
Business Developments & Projects

IINO Lines rings the welcome bell to inaugural dual-fuel VLEC for INEOS charter

Japanese maritime transport player IINO Kaiun Kaisha (IINO Lines) has welcomed the first of two dual-fuel very large ethane carriers (VLECs), which will be chartered out to global manufacturing company INEOS Europe AG. As disclosed, the vessel—named Iino Ineos Vestá—was handed over by South Korean s

about 1 year ago