Business Developments & Projects
G8 lands 65MW floating solar deal in West Africa
Singapore-based marine renewables specialist G8 Subsea has signed letter of intent (LOI) with BUI Power Authority Ghana to install a next-gen turnkey 65MW floating solar system.
Equinor closes Veslefrikk chapter in readiness for decom ops
Equinor has shut down the Veslefrikk field, located in the North Sea, in preparation for the upcoming decommissioning activities.
Stolt Tankers invests in reforestation projects as part of decarbonization drive
Stolt Tankers Joint Service (STJS) Pool, together with its partners NYK Line, Tufton, and Farvatn Capital, have donated $100,000 to One Tree Planted and We Forest, two non-profit organisations that focus on managing reforestation, carbon absorption and environmental impact projects.
Finland: New project aims to build climate-neutral cruise ship
Finnish shipbuilder Meyer Turku is leading a project that aims to develop carbon-neutral and sustainable technological solutions for cruise ships through an extensive partnership network.
Subsea 7 fleet sports Marlink hybrid network solution
The UK-headquartered Subsea 7 has appointed Marlink to deliver a smart hybrid network solution for its vessels. Marlink will provide a hybrid network solution combining its global Sealink VSAT solution with L-band back-up, global 4G cellular services and connection to the Tampnet network for operati
KSOE bags $217M LNG carrier order
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering Co. (KSOE) has secured an order from an undisclosed client for a liquefied natural gas (LNG) carrier.
RESOURCECODE set to launch marine data toolbox for ocean energy developers
The EU-backed RESOURCECODE project is set to launch a marine data toolbox which will provide ocean energy developers with a set of standards and functions for resource assessment and operations planning. The toolbox, produced with the support of Ocean Energy Era-Net Cofund, will be launched at a vir
Neptune to support high levels of gas output from Cygnus with series of contracts
Neptune Energy has awarded a series of contracts to support ongoing operations at its Cygnus Alpha and Bravo platforms in the UK North Sea.
Aker Solutions and Dril-Quip join hands for carbon capture and storage
Aker Solutions and Dril-Quip have entered into a collaboration agreement to offer subsea injection systems for carbon capture, utilization and storage (CCUS) projects. Under the agreement, Dril-Quip will provide Aker Solutions with CO2 injection Xmas trees and wellheads that will be fully integrated
Santos signs P’nyang gas deal for PNG LNG
Santos joins ExxonMobil and JX Nippon, the P’nyang project participants, in signing a gas agreement with the Papua New Guinea government concerning the PNG LNG plant.
Exposure loss for vehicle owners onboard Felicity Ace estimated at $155M
A fire on the Felicity Ace car carrier off Azores Islands is likely to generate at least $155 million in expected losses for Volkswagen, Porsche, Audi and Lamborghini vehicles on board the vessel, the analysis from risk modelling company Russell showed.
Malaysia’s Velesto gets one-year gig with ExxonMobil
Malaysia’s Velesto Energy has secured a one-year contract with oil major ExxonMobil for operations in Malaysia.
Over $400 million of Valaris backlog hangs in the balance after TotalEnergies abandons project
Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance.
BG Freight opts for Value Maritime’s filtering and CO2 capture system
Dutch logistics services provider BG Freight Line has committed to reducing carbon emissions by installing Value Maritime’s Filtree and carbon capture system onboard two of its container vessels.