Business Developments & Projects
DMC rudders for world’s largest PCTCs ordered by BYD
Damen Marine Components (DMC), a Dutch supplier of maneuvering systems, has been contracted to supply rudder systems for four pure car and truck carriers (PCTC) ordered by China’s BYD, the world’s biggest electric vehicle (EV) maker.
BP and Baker Hughes make headway in monitoring methane emissions from flaring
Baker Hughes has joined forces with BP to bring a new application for the upstream oil and gas sector to life as part of its emissions abatement technology.
All systems go for Equinor to use Transocean rig for drilling ops
Equinor has received consent to deploy one of Transocean’s rigs for exploration activities in the Barents Sea.
Straatman commissions mooring system for Germany’s Stade LNG terminal
Dutch maritime equipment manufacturer Straatman has commissioned the complete mooring system for Germany’s Stade LNG terminal, which is expected to play an important role in facilitating LNG imports and securing the country’s supply. Stratman revealed that with the first arrival of the floating stor
Trio snaps up more than $1.75 billion for drilling jobs on Equinor’s 19 offshore oil & gas assets
Equinor has handed out four-year contract extensions to three companies for work on 19 platforms located off the coast of Norway.
Vattenfall scraps hydrogen turbine pilot project
Vattenfall has decided to cancel the Hydrogen Turbine 1 (HT1) project offshore Aberdeen, Scotland, almost two years after the firm began developing it. However, the project helped enable the creation of a regulatory and consenting regime for offshore hydrogen transportation and storage in the UK, ac
Tadek Ocean Engineering designs mooring and cable solution for wave power subsea project
UK-based Tadek Ocean Engineering has created a mooring and cable solution for the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment. Aberdeen-based Verlume connected Mocean Energy’s Blue X wave energy converter with a Halo underwater ba
NIB co-finances Norled’s low-carbon fleet
The Nordic Investment Bank (NIB) has signed a seven-year loan to co-finance ferry and express boat operator Norled AS’ investments in zero- and low-carbon vessels and related land-based infrastructure in Norway during 2024-2030.
Neapolitan firm delivers survey work for 1 GW Italian subsea electricity link
Naples-headquartered survey contractor Next Geosolutions (NextGeo) has completed survey works for the east section of the Italian Tyrrhenian Link connecting Sicily with Campania. NextGeo has wrapped up all the pre-installation survey tasks for the Tyrrhenian Link East branch on behalf of Italian cab
How far has Shell’s decarbonization journey gone and what is yet to come?
Shell has reiterated its commitment to halving Scope 1 and 2 emissions from its operations by 2030, compared with 2016 on a net basis.
SSEN Transmission renews partnership with BAM and Siemens Energy
SSEN Transmission has renewed its partnership with BAM and Siemens Energy regarding the delivery of onshore transmission infrastructure schemes. BAM and Siemens Energy will support SSEN Transmission in delivering onshore transmission infrastructure schemes, working to help deliver the substations th
Equinor taps Shearwater to back production optimization at UK and Norwegian fields
Norway-based Shearwater Geoservices has won two 4D monitoring projects from Equinor, a Norwegian state-owned energy giant, for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea. Shearwater plans to utilize its Isometrix technology for conducting surveys, employing 4D s
Equinor keeps Archer busy with platform drilling gigs worth over $762 million
Archer has tucked a long-term contract extension under its belt with Equinor for platform drilling services off the coast of Norway.
Oceaneering to get equipment that ‘dramatically’ reduces subsea geotechnical surveying time
Oceaneering has placed an order with a UK-headquartered company for a next-generation auto-drop piston corer expected to enable time-saving for subsea geotechnical surveying. A piston corer is a long, heavy tube plunged into the seafloor to extract samples of soft sediment, which provide information