Business Developments & Projects
DNV: Commercial uptake of OCC relies on industry collaboration
The success of onboard carbon capture (OCC) depends on collaboration between regulators, policy makers, industry stakeholders, class, and suppliers, according to DNV’s newest report.
First oil from North Sea project gets bumped to late 2027 with hopes placed on UK elections to bring fiscal clarity
Jersey Oil & Gas has disclosed the change in the timeline for the first oil from the HitecVision-backed NEO Energy’s redevelopment project.
Reach Subsea expands order backlog on the heels of strong market demand
Norway’s Reach Subsea is seeing an increase in its order backlog after securing new contracts, contract extensions, and call-offs under existing agreements and frame contracts.
Italy’s FSRU embarks on final stage of maintenance works in Marseille
OLT Offshore LNG Toscana has confirmed the start of the second and final phase of maintenance activities for its FSRU.
DeepOcean adds 120-day offshore recycling job to its task list
Norway-based ocean services provider DeepOcean has been appointed to perform a 120-day recycling campaign on the UK continental shelf (UKCS) for an international operator. The campaign is divided into five sub-campaigns, each addressing specific tasks crucial for the decommissioning process, includi
Italy to launch offshore renewable energy Contract for Difference auction
Italy is set to launch a Contract for Difference (CfD) auction scheme through which the government will select and support renewable energy projects, including floating solar, tidal, and wave energy.
Palfinger to equip another Prysmian cable layer with major package
Palfinger Marine has secured a contract to supply a major equipment package for Prysmian’s new cable-laying vessel (CLV) currently under construction, marking the third cable-layer owned by the Italian cabling giant to sport Palfinger equipment. Following previous orders to equip the Leonardo da Vin
New partnership targets VLAC design development
Naftomar Shipping And Trading, Hanwha Ocean and Bureau Veritas (BV) have partnered up for the design development of a very large ammonia carrier (VLAC).
World-largest and industry’s first dual-fuel fallpipe vessel joins DEME’s fleet
DEME Group has launched what is said to be the world’s largest fallpipe vessel, set to be prepared for green methanol and the first dual-fuel fallpipe vessel in the industry. Princess of Belgium, Her Royal Highness Princess Astrid, officially named the new fallpipe vessel Yellowstone in Zeebrugge, B
25-year-old Brazilian offshore drilling player starts its new growth chapter
Brazil’s Ventura Offshore Holding is celebrating its first day of trading on the Euronext Growth stock exchange market in Oslo, Norway.
EU and Japan step up hydrogen cooperation
Clean Hydrogen Partnership signed a cooperation agreement with Japan’s New Energy and Industrial Technology Development Organization (NEDO).
LR, GSI partner up on ‘world’s largest’ ammonia carrier
UK class society Lloyd’s Register (LR) and Chinese shipbuilder Guangzhou Shipyard International (GSI) have signed a joint development project (JDP) for the design of the world’s largest very large ammonia carrier (VLAC) with a carrying capacity of 100,000 cbm.
With first vessel in its arsenal, new subsea services company ready to roll
FreeStar Subsea Services, a new company in the market set up by the merger of Dutch companies Vriezoo ROV Services and Mark Offshore, has acquired its first vessel, marking the start of operations. Managing Director of Vriezoo ROV Services Willem de Vries and Managing Director of Mark Offshore Mark
DNV and Artemis Technologies to collaborate on electric foiling ferries
DNV and Artemis Technologies have signed a memorandum of understanding (MoU) on the development, certification and operation of 100% electric foiling vessels.