Business Developments & Projects
Following contract with Petrobras, DOF makes another multi-million-dollar win
Shortly after securing a contract with Brazilian oil and gas giant Petrobras, Norwegian vessel owner DOF Group announced a new award with a compatriot energy major for a duration of up to three years. Under the contract defined as “very large”, meaning it is valued between $100 million and $200 mill
Transocean rigs score trifecta with Woodside, Wintershall Dea, and Equinor
Transocean has pulled off a hat trick with a batch of multimillion-dollar contract extensions for its rigs.
Tianjin backs Vopak’s infrastructure repurposing for new energies
Vopak has signed a strategic cooperation agreement with the Vice Mayor of Tianjin delegation to support the repurposing of Vopak Tianjin’s infrastructure for new energies.
‘Major’ contract with Petrobras comes to DOF-TechnipFMC vessel
A joint venture between DOF Subsea and TechnipFMC has secured a contract defined as “major” with Brazilian oil and gas giant Petrobras for a pipelay support vessel (PLSV). Petrobras awarded the contract for the 142-meter-long PLSV Skandi Vitória that includes a three-year firm plus option, commencin
Polish player buys its way into Equinor’s North Sea gas field
Equinor has set the wheels into motion to divest a partial stake in a gas field in the North Sea, which is expected to extend the life of the Gina Krog field.
Capital Product Partners pouring $756 million into LCO2 and LPG/ammonia carriers
Capital Product Partners L.P. is expanding further into the gas sector with a new strategic investment in ten LCO2 and LPG/ammonia carriers.
No clearance for Shelf Drilling’s rig to work in Norwegian waters hinders start-up of drilling gig
Shelf Drilling has disclosed plans to keep discussing options with the Norwegian offshore safety regulator to obtain an AoC for one of its jack-up rigs.
Ciel & Terre finalizes construction for floating solar project in France
French floating solar company Ciel & Terre has finished the construction of the Saint Savin floating solar project in Isère, France.
Stena Line shaping a sustainable future with the use of AI
Swedish ferry company Stena Line has reported a significant reduction in fuel consumption thanks to the use of artificial intelligence (AI).
Equinor and partners give $3.4M worth of contracts to local geophysical services firm
Norwegian Electromagnetic Geoservices (EMGS) has secured contracts with a combined value of approximately $3.4 million with Equinor and partners for surveys in Norway. EMGS reported at the end of May that it had entered into several agreements with Equinor and partners for fully pre-funded multi-cli
Incat Crowther-designed hybrid ferries gearing up for Liberty Lines’ service
The first of twelve new hybrid high-speed ferries designed by Incat Crowther for Liberty Lines will soon begin servicing the latter’s routes between Sicily and nearby islands.
T&E: Two-thirds of European green shipping fuel projects may never come online as supplies fear lack of demand
Nearly 4% of European shipping could run on green e-fuels by 2030 but just a third of these projects are guaranteed, T&E warns in a new study.
European Commission launches new mechanism to boost hydrogen market
To support the development of the European hydrogen market, the European Commission has started work on a pilot mechanism that aims to accelerate investments by providing a “clearer” picture of the market situation of both off-takers and suppliers and facilitating contacts between them.
‘Germany’s largest floating solar plant’ starts assembling (Video)
Situated on the eastern shore of the Cottbus Baltic Sea, the country’s largest post-mining lake. The 29 MWp floating solar plant is set to generate approximately 29,000 MWh of electricity a year, with commissioning set for the winter of 2024/2025.