Business Developments & Projects
Solstad gets rid of three anchor handlers, secures North Sea work
Norwegian offshore vessel owner Solstad Offshore has sold three of its anchor handling tug and supply (AHTS) vessels.
Ballard fuel cells for world’s largest LH2-powered ferry
Canadian fuel cell supplier Ballard Power Systems has delivered two, 200 kilowatt (kW) fuell cell modules to Norwegian ferry operator Norled.
Shell boosts dividend and buybacks as profit swells
Energy major Shell increased its dividend and share buybacks following a jump in its quarterly profit driven by higher oil and gas prices.
Hudong-Zhonghua orders GTT tanks for 6 new LNGCs
Chinese shipbuilder Hudong-Zhonghua has ordered the tank design for six new LNG carriers (LNGCs) from the French LNG containment specialist GTT.
Shearwater, ConocoPhillips join forces for seismic imaging tech
Marine geophysical services provider Shearwater GeoServices and oil and gas major ConocoPhillips have formed a strategic partnership to collaborate on seismic imaging technology.
MOL closes acquisition of Waterfront stake
Japanese shipping major Mitsui O.S.K. Lines (MOL) has concluded the acquisition of a 40 percent stake in Waterfront Shipping WFS), a subsidiary of Canadian methanol producer and supplier Methanex Corporation.
MOL studies ammonia FSRU concept
Japanese shipping major Mitsui O.S.K. Lines (MOL) has completed a concept study on floating storage and regasification unit (FSRU) for ammonia fuel.
New interim CEO to lead Spirit Energy through transition
As it transitions to a new phase, Spirit Energy has made board and executive appointments, including the appointment of an interim CEO.
Ørsted to put its first green hydrogen project into operation in next six months
Ørsted’s first green hydrogen project, the 2 MW H2RES offshore wind-to-hydrogen demonstrator in Denmark, is expected to go into operation in the first half of 2022, the company said in its 2021 annual report. H2RES, which will produce renewable hydrogen for road transport, is being built on Ørsted’s
Boskalis, Van Oord complete one of UK’s biggest beneficial placement projects
The beneficial placement project to recharge areas of Mersea Harbour, using dredged materials from Harwich Haven Authority’s £120 million channel deepening initiative, has been completed successfully. The recharge work was carried out on behalf of Harwich Harbour Authority by a joint venture of Roya
Equinor secures approval for Norwegian Sea project
Norway’s Ministry of Petroleum and Energy has approved a development plan from Equinor for the first phase of the Kristin Sør project.
Mitsubishi to build world’s 1st LCO2 carrier intended for CCUS
Japanese shipbuilder Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI) Group, has concluded a contract with compatriot shipping company Sanyu Kisen for the construction of a demonstration test ship to transport liquefied carbon dioxide (LCO2).
Jan De Nul orders USV as a step towards autonomous offshore surveys
Jan De Nul Group has placed an order for a hybrid unmanned surface vehicle (USV) from the Norwegian Maritime Robotics as the first step towards unmanned and autonomous offshore survey operations.
CorPower embarks on final phase of dry-testing campaign for C4 wave device
CorPower Ocean’s first commercial scale wave energy converter – C4 – is set to undergo intensive testing to prove its performance and survivability ahead of ocean deployment.