Business Developments & Projects
Norway’s oil output surpasses expectations but gas falls slightly behind
Even though Norway saw a rise in oil and gas production in January 2023 compared to the volumes recorded during the year before.
UK oil & gas operator books Aquaterra for work covering full offshore project lifecycle
Aquaterra has been hired on a contract for the provision of analysis services across an undisclosed operator’s global offshore operations.
First UK-Germany link makes construction progress as it celebrates 6th anniversary
Siemens Energy and sub-contractor Jones Bros Civil Engineering are nearing completion of the enabling works for the UK converter station of NeuConnect, the first-ever energy link between the UK and Germany. The works have included the construction of a 50,000m2 platform for the new converter station
Stamp of approval for ConocoPhillips’ $1.2 billion North Sea project to come on stream
ConocoPhillips has been given the green light to start production from a project tied to one of the fields in the Greater Ekofisk Area.
Swedbank commits to shipping’s decarbonization as newest signatory of Poseidon Principles
Nordic-Baltic banking group Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship finance.
Fratelli Cosulich takes delivery of second LNG bunkering vessel
Italian shipowner Fratelli Cosulich has taken delivery of its second LNG bunkering vessel, Paolina Cosulich, from the Nantong CIMC SOE shipyard in China. This 5,300 dwt vessel, which can carry 8,200 cubic meters of LNG and 500 m3 of MGO, set sail from the Chinese shipyard on February 27, Fratelli Co
Idemitsu joins Proman and Mitsubishi for clean ammonia project in Louisiana
Japan’s Idemitsu Kosan has agreed with its compatriot Mitsubishi Corporation and Switzerland-based Proman to participate in the development of the proposed clean ammonia production project in Lake Charles, Louisiana, U.S. The project targets to produce approximately 1.2 million tons of ultra-low car
Equinor picks DeepOcean for pipeline inspections
Norway-based ocean services provider DeepOcean has won a contract with Equinor for the delivery of pipeline inspection and survey scopes on the operator’s pipelines in the North Sea. DeepOcean’s responsibilities include pipeline inspections, seabed mapping, ad-hoc pipeline surveys, and light constru
Steel cut for KOTUG’s dual-fuel methanol escort tugs
KOTUG Canada, a partnership between KOTUG International and Canada’s Horizon Maritime, has held a steel cutting ceremony for two dual-fuel methanol escort tugs that will service the Trans Mountain Expansion Project (TMEP). The ceremony took place on February 13 at Sanmar Shipyard in Türkiye, marking
World’s first: Fjord1 orders battery-powered autonomous double-ended ferries
Türkiye’s Tersan Shipyard has received a shipbuilding order from Norwegian ferry operator Fjord1 AS for four battery-powered autonomous double-ended ferries, said to be the world’s first. Tersan and Fjord1 revealed the shipbuilding contract on February 27, stating that the new ferries will “revoluti
Greek firm to deliver steel pipes for Aker BP’s $1.5B North Sea development
Greek Corinth Pipeworks, the steel pipes segment of Cenergy Holdings, has secured a contract with TechnipFMC to deliver steel pipes for Aker BP’s development in the North Sea. Corinth Pipeworks will deliver 27 kilometers of high-frequency welded (HFW) steel pipes for the Utsira High Project developm
TotalEnergies upholds March restart date for Denmark’s largest natural gas field
TotalEnergies has confirmed the previously set restart date for the Tyra II redevelopment project, which is said to be Denmark’s largest natural gas field.
DNO Norge books Noble jack-up rig for drilling gig in Norway
Noble Corporation has won a new short-term assignment for one of its jack-up rigs, which will undertake drilling activities off Norway.
Seven European partners gather to develop decision support tool for offshore renewables
Seven European partners have teamed up for a project that will see the development of a satellite-based decision support tool to accelerate offshore renewable energy deployments. For upscaling offshore renewables, BLUE-X is set to deliver key data helpful for all five steps of the blue energy lifecy