Business Developments & Projects
IOG frustrated as severe weather hampers UK gas project start-up
IOG is experiencing a further delay in the start-up of its Saturn Banks Project – Phase 1 due to stormy weather conditions.
Five competition watchdogs to focus on collusion in international trade
Five competition authorities have formed a working group to help prevent anti-competitive conduct from occurring in the supply and distribution of goods.
FAR uncovers further exploration opportunities in Gambian blocks
FAR and Petronas have completed a review of the prospectivity of blocks offshore The Gambia, opening additional exploration opportunities.
REG, Bunker Holding partner up to advance biodiesel use in shipping industry
Renewable Energy Group (REG), a producer and supplier of renewable fuels, has entered into a strategic global collaboration agreement with Bunker Holding Group, a supplier and trader of marine fuels, to further develop the U.S. and EU marine markets for sustainable bio-based diesel.
Havfram to back Saipem at Zohr field
Havfram, formerly known as Ocean Installer, has won a contract with Saipem to provide SURF support work offshore Egypt. Havfram will support Saipem with its installation of 160 kilometers of umbilical product in over 1,400-meter water depth on the Zohr North development this year. The scope includes
More than $150M in demo projects support Port of Long Beach’s zero-emission push
More than $150 million in zero-emissions demonstration projects at Port of Long Beach (POLB) container terminals are helping to nurture zero-emissions technology, according to Heather Tomley, the port’s Managing Director of Planning and Environmental Affairs.
BCCK and KCE to develop hydrogen fueling tech
Engineering company BCCK and future fuels company Kaizen Clean Energy (KCE) have teamed up to develop generators for hydrogen fueling.
ML (UK) Dredging ready for the Port Solent campaign
Annual maintenance dredging of the Port Solent Approaches will commence next week on March 1, 2022, according to the Premier Marinas Ltd. This routine dredging of the lock entrance and approach channel of Port Solent Marina will be conducted by ML (UK) Dredging Ltd. “External contractors, ML Dredgin
U.S. offshore rig count takes a nosedive
The number of offshore rigs in the U.S. took a steep downward plunge last week and went down by 4 units, based on Baker Hughes’ report.
In focus: Industry working to realise hydrogen and CCS markets potential via cross-sector collaboration
The interest in hydrogen and CCS value chains has been picking up, evident through various projects and collaborations revealed this week.
Lamprell awaits large contract award from Saudi operator
Lamprell is anticipating a contract award for the full scope of work required for the construction of multiple jack-up lift barges.
Malta launches tenders for pipeline to Italy in push to end gas isolation
A company from Malta has launched three tenders seeking services for a 159-kilometer long interconnector that will connect the island to Italy, ending its gas isolation with the connection to the trans-European Gas Network.
ADNOC dishes out drilling deals worth nearly $2 bln for thousands of new wells
UAE’s ADNOC has awarded framework agreements to four oilfield services providers valued at $1.94 billion to enable drilling growth.
ADNOC adds ROVs to its operations
UAE’s Abu Dhabi National Oil Company (ADNOC) has introduced remotely operated vehicles (ROVs) to its operations, targeting easier and safer underwater safety inspections. ADNOC stated that the move comes as using ROVs reduces human exposure to underwater hull inspections, which is in line with the c