Business Developments & Projects
ONE completes its first EU carbon allowance transaction
Singapore-based shipping company Ocean Network Express (ONE) has finalized its inaugural European Union Allowances (EUA) transaction with French bank BNP Paribas.
Final subsea system components headed to Enauta’s Santos Basin field for first oil
Final subsea system components destined for Enauta’s field development project in the Santos Basin are on their way from the UK to Brazil. Brazilian oil and gas player Enauta reported on March 15 that the flexible pipeline system, the last pending subsea system equipment for the FPSO Atlanta product
Intra-group merger on Vår Energi’s agenda
Vår Energi has set the wheels into motion to complete an intra-group merger with its wholly-owned subsidiary Vår Energi Norge.
Smart Green Shipping: On-land testing of FastRig kicks off
UK systems design house Smart Green Shipping has commenced on-land testing of FastRig, a wingsail that harnesses wind power to deliver thrust to the ship and can reduce shipping emissions by up to 30%.
Siem Offshore’s vessel staying busy outside North Sea throughout 2024
An AHTS vessel from Siem Offshore has been hired for the rest of the year by an undisclosed firm, which is said to be an international oil major.
Jan De Nul buys electric ROV for ‘world’s largest cable-laying vessel’
Jan De Nul Group has purchased an electric remotely operated vehicle (ROV) from UK subsea engineering and technology company SMD for what is said to be the world’s largest cable-laying vessel (CLV). SMD’s Quantum EV will be integrated into Jan De Nul’s new CLV Fleeming Jenkin and deployed to offshor
One of world’s largest semi-sub rigs comes back to UK port ahead of resuming drilling gig with BP
A giant rig has returned to the UK’s Kishorn port to prepare for its return to the drilling campaign with BP in the UK North Sea.
Ulstein unveils new subsea vessel
Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel for floating and fixed installations in the offshore wind market, as well as for offshore oil & gas. Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstei
PowerCell: Green hydrogen via fuel cells to play major role in maritime decarbonization
Marine hydrogen fuel cells have emerged as one of the zero-emission solutions that is fast maturing. With their commerciality improving, the popularity of fuel cells is yet to grow amid the global fight to decarbonize shipping.
Swansea University trials tidal turbine at Wales’ Marine Energy Test Area
A tidal turbine made to operate in remote communities has been tested and utilized at Wales’ Marine Energy Test Area (META). Swansea University researchers, under the leadership of Professor Ian Masters, are developing the device. Testing is conducted at META’s Warrior Way site in Pembroke Dock. “It
BP, Equinor and TotalEnergies pick 9 contractors for UK’s two ‘vital’ decarbonization projects
BP, Equinor and TotalEnergies have selected nine contractors for engineering, procurement, and construction contracts, with a combined value of around £4 billion, for two projects being developed in Teesside that are said to be vital for the UK’s decarbonization journey. Net Zero Teesside Power (NZT
With ‘outstanding’ financial results in 2023, Prysmian increases its decarbonization ambition
Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 mil
Minesto finds partner for expansion into Australian and New Zealand markets
Marine energy technology company Minesto has inked a collaborative agreement with Hydrokite Project Development, an ocean current and tidal energy project developer, to bring its technology to markets in Australia and New Zealand. The broadened market presence in Australia and New Zealand is directe
Dolphin Drilling gets rid of 1975-built semi-sub rig
Offshore drilling contractor Dolphin Drilling has decided to sell one of its semi-submersible rigs for scrap to further enhance its fleet.