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Business Developments & Projects

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Buzzard oil & gas field in the UK North Sea; Source: CNOOC Petroleum Europe
Business Developments & Projects

UK hits Chinese oil & gas giant’s European arm with £125K fine in flaring and venting clampdown

North Sea Transition Authority (NSTA) has imposed a penalty of £125,000 on a European affiliate of China’s state-owned oil and gas giant for breaching its venting consent on two separate occasions at a field located 60 miles northeast of Aberdeen.

about 1 year ago
Aerial view of a shipyard
Business Developments & Projects

Korean duo picks TMC Compressors for 32 ships set to work for ‘LNG shipping major’

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Norway-based TMC Compressors has been hired by South Korea’s Samsung Heavy Industries (SHI) to supply marine compressed air systems for a set of liquefied natural gas (LNG) carriers the latter is building for an undisclosed national energy company.

about 1 year ago
United Heavy Lift deploys Syroco weather routing platform on F900 Eco-Lifter ships
Business Developments & Projects

United Heavy Lift deploys Syroco weather routing platform on F900 Eco-Lifter ships

United Heavy Lift (UHL) has started deploying a weather routing platform developed by Syroco on its F900 Eco-Lifter class ships.

about 1 year ago
Denmark's tender invites applications for coastal CO2 storage exploration
Business Developments & Projects

Denmark inviting applications for coastal CO2 storage exploration

The Danish Energy Agency is today opening the fourth round of tenders inviting companies to apply for permits to explore and use the subsurface for CO2 storage in three coastal areas in Denmark. The tender covers three areas near the Danish coast – Jammerbugt, Lisa and Inez, which are among several

about 1 year ago
AtoB@C Shipping
Business Developments & Projects

AtoB@C Shipping, Yara International extend sustainability-driven cooperation

AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, and Norway’s Yara International, a crop nutrition company and a provider of environmental and agricultural solutions, have extended the existing contract of affreightment until 2033.

about 1 year ago
llustration/Morlais Demonstration Zone (Archive/Courtesy of Marine Energy Wales)
Business Developments & Projects

Wales introduces strategic resource areas for tidal stream energy

Wales has taken a step forward in marine planning by introducing its first Strategic Resource Areas (SRAs) for tidal stream energy, aiming to foster the sustainable development of marine energy while safeguarding sensitive ecosystems. The Welsh government launched its first marine plan in 2019, layi

about 1 year ago
CLdN picks Elomatic’s energy-saving solution for its hybrid RoRo pair
Business Developments & Projects

CLdN picks Elomatic’s energy-saving solution for its hybrid RoRo pair

CLdN has contracted Elomatic to install tunnel thruster technology on two new hybrid RoRo vessels.

about 1 year ago
Kongsberg Discovery expands with purchase of subsea monitoring provider
Business Developments & Projects

Kongsberg Discovery expands with purchase of subsea monitoring provider

Norway’s Kongsberg Discovery, Kongsberg Gruppen’s business area for robotics and sensor technology, has acquired compatriot Naxys Technologies, a provider of underwater environmental monitoring solutions, specializing in recognizing the sound of oil & gas leaks. Formed in 1999, Naxys Technologies’ c

about 1 year ago
KCA Deutag
Business Developments & Projects

Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag

KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK.

about 1 year ago
NuProShip
Business Developments & Projects

NuProShip project aims to enliven nuclear propulsion in deep sea shipping

Three different nuclear reactor concepts within the Generation IV domain are being studied as part of the Norwegian Nuclear Propulsion in Shipping (NuProShip) project which explores nuclear propulsion for the maritime sector.

about 1 year ago
Offshore platform
Business Developments & Projects

Galp looking for new leader as CEO steps down ‘for family reasons’

Chief Executive Officer (CEO) and Vice-president of the board of directors of Portugal’s oil and gas company Galp has tendered his resignation from both positions.

about 1 year ago
TRIG to provide renewable electricity for hydrogen project in Port-La Nouvelle
Business Developments & Projects

TRIG to provide renewable electricity for hydrogen project in Port-La Nouvelle

The Renewables Infrastructure Group (TRIG) has entered into a power purchase agreement (PPA) to supply Hyd’Occ, a green hydrogen facility in Port-la Nouvelle, with renewable electricity from its onshore wind farms located in the Occitanie region.

about 1 year ago
Deepsea Yantai rig; Source: Odfjell Drilling
Business Developments & Projects

Rig duo from Odfjell Drilling’s fleet to conduct hydrocarbon exploration ops in Norway

The Norwegian authorities have handed out two drilling permits, which will enable the drilling of an exploration well in the Norwegian Sea and another one in the North Sea, using one of Odfjell Drilling’s semi-submersible rigs for the first one and one of the offshore drilling player’s managed rigs

about 1 year ago
DeepOcean to reunite with high-spec subsea vessel under new charter contract
Business Developments & Projects

DeepOcean to reunite with high-spec subsea vessel under new charter contract

DeepOcean is reuniting with the high-spec subsea vessel Orient Adventurer under a charter contract with Taiwanese Dong Fang Offshore (DFO) which will see the vessel join the Norwegian company’s fleet from early 2026 until the end of 2027. DeepOcean will use Orient Adventurer primarily in Europe, but

about 1 year ago