Business Developments & Projects
Boskalis expands range of 2023-commissioned vessel with new fallpipe (Photos)
Dutch offshore services provider Boskalis has outfitted its new subsea rock installation vessel with a new inclined fallpipe with the aim of expanding its range. Following its first rock installation project in Australia earlier this year, the Seapiper subsea rock installation vessel was outfitted w
James Fisher and Sons bags its first tidal energy project
James Fisher and Sons has secured what it says is its first tidal energy project as part of which it will manage high-voltage equipment and cables at Menter Môn’s Morlais tidal energy substations in the UK. James Fisher and Sons will manage, repair and maintain high-voltage equipment and cables at t
Everfuel secures green hydrogen supply deal with German industrial offtaker
Everfuel signed a letter of intent (LoI) with a German industrial offtaker for the supply of up to 10,000 tons of green hydrogen annually.
TMC Compressors to deliver equipment for another newbuild Prysmian cable-layer
Norway’s shipbuilder VARD has contracted compatriot TMC Compressors to supply a complete marine compressed air system for a cable-laying vessel (CLV) that it is constructing for Italian cabling giant Prysmian. Under the contract whose value has not been disclosed, TMC will deliver a marine compresse
Baker Hughes and CGG in alliance for carbon capture and storage
France-based geoscience technology services company CGG and U.S. energy technology company Baker Hughes have signed a memorandum of understanding (MoU) to jointly explore carbon capture and storage (CCS) solutions. CGG said that the collaboration and proposed commercial alliance intends to support t
137 MW of wave and tidal energy capacity to seek deployment offshore Europe in next five years
Ocean Energy Europe (OEE) has announced that EU funding and domestic revenue support are expected to facilitate the deployment of 137 MW of tidal and wave energy projects over the next five years, following the OEE’s report of the latest statistics about the ocean energy sector.
Metacon and Siemens forge hydrogen technology partnership
Metacon and Siemens have signed an MoU to enter a partnership to accelerate the manufacturing of hydrogen production systems in Sweden for the European market.
Vår Energi offloads stakes in five oil & gas fields for $51 million and DNO’s interest in its operated asset
Vår Energi has struck a deal with DNO Norge to divest its interests in five oil and gas fields in the Norwegian Sea.
More ‘attractive’ offshore oil & gas acreage up for grabs in Norway’s new licensing round
Norway’s Ministry of Petroleum and Energy has set in motion the Award in Pre-Defined Areas 2024 (APA 2024) round for further exploration activity.
OKEA appoints Subsea7 and SLB to ‘accelerate subsea tieback delivery to aging platforms’
Following a recent long-term strategic agreement with Norway’s state-owned energy giant Equinor, SLB OneSubsea and Subsea7’s Subsea Integration Alliance has secured a contract with Norwegian oil & gas company OKEA for its North Sea field. The “sizeable” integrated engineering, procurement, construct
BP’s profit plunges to $2.7 billion amid oil & gas price headwinds
BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices.
TotalEnergies and SINOPEC reinforce low-carbon energy partnership
TotalEnergies and SINOPEC agreed to deepen their collaboration in biofuels, green hydrogen, CCUS, and decarbonization.
Ricardo expands hydrogen capabilities to support maritime industry
Ricardo has invested in the conversion of one of its buildings to facilitate the development of hydrogen testing for large-scale marine engines.
MOL and Gaz-System shake hands on deal for Poland’s first FSRU
Poland’s Gaz System has signed a long-term TCP agreement for a FSRU with a subsidiary of Japan’s shipping major Mitsui O.S.K. Lines (MOL).