Business Developments & Projects
Marine Power Systems scouts for new team members
Welsh company Marine Power Systems (MPS) is looking to fill the vacancies for three positions related to the development of its wave energy and floating wind projects.
BP brings online ‘some of the most efficient barrels in the world’
BP has announced the start-up of an xpansion project in the Gulf of Mexico, the first of four major to be delivered globally in 2022.
AAL expands methanol-ready multipurpose vessel fleet
Singapore-based heavy-lift project carrier AAL Shipping has added two multipurpose vessels (MPV) to its third-generation newbuilding programme, increasing its orderbook to six Super B-class vessels.
Norway’s January oil output sinks below predictions
Norway’s oil production in January 2022 fell behind NPD’s predictions by 2.3 per cent, while the gas output also experienced a decrease.
Ocean technology trio forms new company
Norwegian Nortek, USA-based Strategic Robotic Systems and Australia’s Blueprint Lab have merged to form a common holding company called General Oceans AS. General Oceans will provide management services from a base in London, facilitating collaboration between the companies while also being responsi
Somalia’s inaugural offshore oil & gas deal with U.S. operator deemed illegal
The Office of the Auditor General is taking legal action against parties involved in hydrocarbon exploration deals for acreage off Somalia.
K Line to open its first eco-friendly finished vehicle terminal in Japan
Japanese shipping company Kawasaki Kisen Kaisha (K Line) and Daito Corporation have revealed their plan to launch K Line’s first finished vehicle terminal in Japan.
Schlumberger launches reservoir mapping-while-drilling service
Schlumberger has introduced a reservoir mapping-while-drilling service, which is said to leverage advanced cloud and digital solutions to deliver real-time 3D profiling of reservoir objects. GeoSphere 360 delivers real-time 3D reservoir insights which enhance reservoir understanding and enhance well
Welsh marine energy test site gets business development boost
Pembrokeshire Coastal Forum, the legal entity behind Marine Energy Test Area (META) project, has hired UK-based consultancy Saline Marine to grow clients and activities in the test area offshore Wales.
Green methanol-fueled VLCC wins AiP from CCS, DNV
The green methanol-powered very large crude carrier (VLCC) ship concept jointly developed by COSCO SHIPPING Energy and CSSC’s Dalian Shipbuilding Industry Corporation (DSIC) has received approval in principle (AIP) from two classification societies.
Almost there – Seadrill heading for bankruptcy exit
Offshore drilling contractor Seadrill has revealed a timeline for its expected emergence from the Chapter 11 bankruptcy.
Maersk joins floating wind project offshore Spain
Maersk Supply Service has been awarded a contract by Saitec Offshore Technologies for the installation of the mooring system on the offshore DemoSATH floating wind project in Spain. The offshore installation will be carried out in the second quarter of 2022. SATH Technology, which is being developed
Cryosafe and C-LNG team up for clean fuels projects
UK-based clean fuels service provider Cryosafe Services and Singapore-based marine engineering firm C-LNG have signed a deal for clean fuels projects in China and Singapore.
Port of Antwerp takes next step towards halving CO2 emissions
Antwerp@C project, which aims to cut CO2 emissions within the Port of Antwerp’s perimeters by 50% by 2030, has entered its engineering phase with a final investment decision expected by the end of 2022.