Business Developments & Projects
New carbon insetting program unveiled to accelerate shipping’s zero-emission future
A consortium of maritime organizations has introduced ‘the world’s first’ Carbon Insetting Program for Zero Emission Shipping.
With Dutch player bent on getting lion’s share, Snam ups its stake in Italy’s LNG terminal
Snam, Italy’s energy infrastructure operator, has taken the required step to boost its interest in a liquefied natural gas (LNG) terminal.
Mystery client hires PGS’ Ramform Tethys
Norwegian seismic company PGS has secured a 4D contract in Northern Europe with what it describes as an “independent energy company”.
GT Green Technologies secures $1.6M to commercialize its wind propulsion solution
The UK-based wind propulsion specialist GT Green Technologies has closed a £1.25 million (about $1.58 million) seed equity round to support the commercialization of its AIrWing wind propulsion system.
Following upgrade, Argeo vessel to work for TotalEnergies under $39 million contract
Norwegian marine survey contractor Argeo has secured a $39 million contract with French multi-energy major TotalEnergies for work offshore Africa. Work will be carried out by Argeo Venture and will occupy the vessel for the remainder of 2024. Argeo did not reveal any other information about the cont
Equinor ups its electrification ante offshore Norway
Equinor has put measures in place to curb carbon emissions from the Norwegian Continental Shelf (NCS) by 160,000 tons of CO2 per year.
Equinor and DeepOcean extend subsea collaboration with new frame agreement
Norwegian state-owned energy giant Equinor has signed a frame agreement with compatriot ocean services provider DeepOcean for subsea infrastructure and cable repair for offshore oil & gas and renewables. The agreement covers marine services including subsea intervention and repair contingency for su
DOF wins contract for offshore transport and installation in West Africa
Norwegian vessel owner DOF Group has won a contract for a construction transport and installation (T&I) project in West Africa.
Snam selects Baker Hughes’ hydrogen-ready technology for its gas network
Baker Hughes will provide its hydrogen-ready technology for Snam’s new gas compressor station in Sulmona, Italy.
Norwegian firm picks up work on Noble rig
Norway-based Soiltech has won two contracts for drilling waste management on a jack-up rig owned by Noble Corporation.
New association for maritime nuclear created
A global group of companies with a common interest in developing nuclear energy solutions for the maritime sector have launched Nuclear Energy Maritime Organization (NEMO).
Baker Hughes backs European clean energy technology manufacturer
U.S. energy technology company Baker Hughes has made a strategic investment in European clean energy technology manufacturer Elcogen.
PGS, TGS, and SLB working to asses carbon storage potential in Malaysian basin
A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage potential across the Penyu Basin area in Malaysia.
CMA CGM picks Damen to upgrade 10 vessels
Dutch shipbuilding company Damen Shipyards Group and French shipping giant CMA CGM have entered into a cooperation that will result in around 10 of the latter’s vessels receiving significant modifications.