Business Developments & Projects
Guyana partners have a change of heart when it comes to drilling plans
Frontera Energy and CGX Energy will not be moving forward with its previous plans for exploration drilling in Demerara block off Guyana.
DSME scores more LNG carrier orders from Maran Gas
Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) has received orders worth $2.72 billion for 8 ships including LNG carriers from the Greek shipping company Maran Gas.
FPSO redeployment uncertainty puts BW Offshore into impairment mood again
BW Offshore has warned of impairment to the value of five FPSO units due to limited potential for future redeployment.
Terntank’s hybrid tanker puts in motion zero-emission port operations
On 10 February, Tern Island, Tertank’s new vessel that emits no greenhouse gases (GHG) or carbon particulates, arrived at Gothenburg Port performing zero-emission port operations.
Ocean Sun consolidates 2021 earnings
Norwegian floating solar specialist Ocean Sun has released financial results for the fourth quarter and full year of 2021.
HMM reports more than 40-fold profit jump
South Korea’s national flagship carrier HMM has seen record profit for 2021, driven by a prolonged freight rate momentum.
New North Sea deal for Bilfinger UK to create 300 jobs
Bilfinger UK has secured a major contract to deliver fabric maintenance campaign services on TotalEnergies’ platforms in the UK North Sea.
World’s 1st LH2 shipment exported via Suiso Frontier
Australia is sending the world’s first liquified hydrogen shipment to Japan via the Suiso Frontier, the world’s first LH2 carrier.
Petrobras picks Solstad vessel for accommodation services
Amid the improving market conditions and increasing demand, Solstad Offshore has inked a new deal for one of its CSVs with Petrobras.
Sabella closing in on €1.5M crowdfunding target
French tidal energy company Sabella has crossed a €1 million milestone in its ongoing crowdfunding campaign which remains open until the end of this month.
Basque Government grant backs project to optimize O&M in floating wind
The Basque Government has allocated a grant to a project dedicated to developing floating wind operation and maintenance technologies, including underwater image recognition technology for subsea asset integrity. The Integrated solutions for Floating Wind O&M through the development of new technolog
Canada’s gov’t urged to reject Roberts Bank Terminal 2 project
A group of twelve prominent scientists has urged Canada’s Minister of Environment to reject the proposed shipping expansion in the Fraser River Estuary, citing threats to the ecosystem.
UK and Scottish governments seal the green freeports deal
The UK and Scottish governments have reached a partnership agreement to establish two green freeports in Scotland, reflecting the country’s net-zero aspirations.
ConocoPhillips books jack-up rig for Sarawak operations
Malaysia’s Icon Offshore has secured a drilling contract with oil major ConocoPhillips for operations offshore Sarawak.