Business Developments & Projects
PASSER eyeing floating wind
The work on the vertical lay-up machine (VLM) for JDR’s new cable factory in the UK is now well underway in Klaipeda, Lithuania, where Norway-headquartered PASSER Group recently opened a new fabrication facility. The Group has revealed that, besides expanding its production capacity, it is also look
BP brings online another section of its largest gas discovery ever made
BP has tucked a new milestone under its belt at a giant gas development off the coast of Azerbaijan by putting East North flank into production mode.
After first phase of operations, CorPower Ocean’s wave energy device ‘proven at commercial scale’
CorPower Ocean’s C4 wave energy converter (WEC) has completed the first cycle of the ocean commissioning program at the Agucadoura site in northern Portugal. Now proven at commercial scale, at the exposed Atlantic test site, CorPower said that the C4 device had demonstrated a unique ability to tune
Remotely controlled well completion operation wraps up in Nigeria’s waters
Shell Nigeria Exploratioration and Production Company (SNEPCo), a subsidiary of the UK-headquartered energy giant Shell, has completed the first remotely controlled well completion operation in 1,060-meter water depth offshore Nigeria. The operation, performed at the Bonga field, was conducted using
Lhyfe looking to build 20 MW green hydrogen plant in UK
French hydrogen producer Lhyfe has unveiled plans for its first UK plant, which, if approved, would have an initial capacity of 20 megawatts (MW), capable of producing up to eight tons of green hydrogen per day. According to Lhyfe, the plant, named Lhyfe Wallsend, aims to supply a range of organizat
Increased charter rates and OSV demand lift Siem Offshore up
Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support ve
Green light for Aker BP to kick off production from North Sea field
Aker BP has received consent to start production from a field in the North Sea, which will be tied back to an existing platform off Norway.
Wallenius Wilhelmsen declares options for four more methanol-fueled, ammonia-ready PCTCs
Norwegian shipping and logistic company Wallenius Wilhelmsen has declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.
Samsung Heavy Industries taps GTT for tank design of 15 new LNGCs
French LNG containment specialist GTT has received an order from its partner, the Korean shipyard Samsung Heavy Industries (SHI), for the tank design of 15 new liquefied natural gas carriers (LNGCs). According to GTT, the order was received in early 2024 on behalf of a “leading” LNG player. GTT will
Dutch gov’t issues offshore wind tender teaser
The Netherlands Enterprise Agency (RVO) plans to publish a European tender in the first half of April for geotechnical surveys of the Huibertgat and Ballonplaat sites in the Netherlands. The objective of the tender is to conclude an agreement with one or more tenderers who can carry out geotechnical
EC clears creation of Japanese JV for liquefied hydrogen supply chain
The European Commission (EC) has approved, under the EU Merger Regulation, the creation of a joint venture by Japanese companies INPEX Corporation, Kawasaki Heavy Industries, and Iwatani Corporation that aims to develop a liquefied hydrogen supply chain. On February 22, the EC issued a document stat
Cepsa, Apical begin work on Southern Europe’s massive 2G biofuels plant
Spanish energy major Cepsa and Bio-Oils, a subsidiary of Singapore’s Apical, have commenced construction of a second-generation (2G) biofuels plant in Southern Europe, which will produce sustainable aviation fuel (SAF), renewable diesel (HVO) and biogas. Biogas is a fundamental raw material for the
CMA CGM gets green light from EC to acquire Bolloré Logistics
The European Commission (EC) has approved the proposed acquisition of compatriot transport and logistics firm Bolloré Logistics by French shipping major CMA CGM.
After Sweden, Denmark ends investigation into Nord Stream pipeline explosions
Denmark has ended its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022, becoming the second country to do so. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were foun