Business Developments & Projects
WATCH: Shell brings down the curtain on one of ‘iconic’ North Sea oil & gas giants as ‘largest single piece’ comes into UK port
The arrival of Shell’s fourth and final platform to Able Seaton Port (ASP) in Hartlepool marks a new milestone in the decom undertaking, as it is perceived to be the largest single piece offshore topside.
France’s CO2 transport, liquefaction and export infrastructure project moves to pre-FEED stage
GRTgaz and Elengy have launched feasibility studies for their GOCO2 project aiming to capture and transport industrial CO2 emissions.
Norden to acquire Norlat Shipping to strengthen parcelling business
Danish shipping company Norden has entered into an agreement to acquire Norwegian dry bulk operator Norlat Shipping.
Trafigura buys Gearbulk’s stake in HHT, orders IMO II tanker
Global commodity trading group Trafigura has completed the acquisition of Gearbulk Holding’s 50 percent share in joint venture company High Heat Tankers (HHT).
ABL to provide marine warranty survey for French-Spanish subsea interconnector
The project has been assigned to ABL’s Paris office in France, with support from ABL’s MWS teams in France and Spain.
UK player gets its hands on one of ‘largest remaining oil resources’ offshore Scotland
The NSTA has formally awarded a license containing three blocks situated off the coast of Scotland to Parkmead Group.
Three DOF vessels going to work for Petrobras
Norwegian vessel owner DOF Group has secured multiple new contract awards that will see another three of its vessels working for Brazilian oil and gas giant Petrobras. Anchor handling tug and supply (AHTS) vessels Skandi Jupiter and Skandi Mercury, under management contracts with DOF, have been cont
Shell and ExxonMobil JV cuts a deal with Canadian firm to give up its North Sea oil & gas business for $180 million
Canada’s Tenaz Energy has set the stage to become the second largest operator in the Dutch sector of the North Sea (DNS) by acquiring all of the issued and outstanding shares of NAM Offshore.
Elcogen and AVL to develop SOEC stack modules for MW-scale hydrogen production plants
Elcogen has partnered up with AVL to develop solid oxide electrolyzer cell (SOEC) stack modules for megawatt (MW)-scale hydrogen production plants.
MOL to invest in UK startup’s engine technology that improves fuel efficiency
MOL plans to invest in UK-based startup Carnot and its engine technology that is expected to improve fuel efficiency by up to 40%.
‘Large’ subsea win takes TechnipFMC offshore Israel
TechnipFMC has secured what it says is a large integrated engineering, procurement, construction, and installation (iEPCI) contract with London-based oil and gas player Energean for subsea infrastructure destined for a field offshore Israel. As part of the contract worth between $500 million and $1
Interview: North Sea at the heart of Europe’s CCUS efforts with power generation woven into its fabric
The North Sea offers hope that Europe can stay afloat in the coming years and tackle climate change woes by drinking from the well of an ever-growing palette of low-carbon and clean energy sources to quench the net zero thirst with carbon capture utilization and storage (CCUS) as the keystone of gre
EU project focused on environmental monitoring of ocean energy devices gets another extension
The EU-backed SafeWAVE project, which has the aim of overcoming some of the non-technological barriers that could hinder the future development of ocean energy, has been extended until December 2024. The extension of the Streamlining the Assessment of Environmental Effects of Wave Energy (SafeWAVE)
Saipem to supervise gas pipeline it laid between Libya and Italy in early 2000s
Italy’s Saipem has been appointed to supervise and provide subsea intervention services for the offshore and onshore sections of a natural gas pipeline connecting Libya and Italy through the Mediterranean Sea. Under the contract secured with GreenStream BV, a midstream player in the Mediterranean Se