Business Developments & Projects
Serica comes on board North Sea oil project
Jersey Oil & Gas plc has wrapped up the sale of a partial stake in an asset on the UK Continental Shelf (UKCS) to Serica Energy (UK) Limited.
Germany’s Mukran LNG terminal starts trial operations
According to the LNG terminal operator Deutsche ReGas, Germany’s floating LNG terminal in the port of Mukran has begun trial operations. The floating storage and regasification unit (FSRU) Energos Power reached the industrial port of Mukran and moored at berth 12 on February 24, the operator said, a
Euronav orders two dual-fuel green methanol bitumen tankers in China
Belgian tanker shipping company Euronav has concluded an order for two dual-fuel bitumen tankers with Chinese shipbuilder China Merchants Jinling Shipyard (Yangzhou) Dingheng.
Ireland facing arbitration over refusal to greenlight lease undertaking for oil & gas project due to ‘environmental dogma’
Lansdowne has set the wheels into motion to move forward with its Energy Charter Treaty (ECT) claim against Ireland.
New cable layer joins Boskalis fleet following major conversion
Dutch offshore services giant Boskalis has commissioned its new cable-laying vessel (CLV) BOKA Ocean following a major conversion program. Boskalis welcomed BOKA Ocean to its fleet in August 2023 as a pipe-laying vessel, which was then converted into a broadly deployable cable layer. After completin
New JV sets up engineering and asset integrity management firm in Guyana
Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance,
Axpo and SGV to pioneer hydrogen passenger vessel on Swiss Lake Lucerne
Swiss renewable energy company Axpo has become a shareholder in compatriot H2Uri AG, a company building the first green hydrogen production plant in central Switzerland. The hydrogen produced at this plant will be used to power the first hydrogen passenger vessel operated by Lake Lucerne Navigation
Korea Eximbank, KfW IPEX to cooperate on financing eco-friendly ship, renewable energy projects
The Export-Import Bank of Korea (Korea Eximbank) has signed a Memorandum of Understanding with Germany’s KfW IPEX-Bank in Frankfurt to boost high-tech innovation and fortify supply chains.
Scorpio Tankers picks FOWE fuel emulsion systems for 100+ vessels
Monaco-based shipping company Scorpio Tankers has signed a non-binding Memorandum of Understanding to install the Fowe Eco Solutions (FOWE) fuel emulsion systems across its entire fleet of over 100 vessels.
Flex LNG lands another two-year LNG carrier charter extension
Flex LNG, the owner and operator of LNG carriers, has received a notice that the charterer of its vessel Flex Courageous will exercise the first extension option. Together with Flex Resolute, Flex Courageous was fixed on a three-year time charter on November 1, 2021, with the contract commencing in
UK’s PHE and Australia’s National H2 link up for multiple hydrogen projects
UK’s Powerhouse Energy Group (PHE) and Australia’s National Hydrogen (National H2) have signed an initial 5-year framework agreement, which sets out the terms on which PHE’s technology and engineering expertise will be provided, on a project-by-project exclusivity basis, to National H2 for its inten
Equinor renews deal for well control services with Norwegian firm
AGR has secured a contract extension with Equinor for the provision of blowout and well control studies on the NCS.
Enhanced Drilling secures five-year contract with Equinor
Norway’s Enhanced Drilling has announced a new five-year contract with Equinor, including the use of all Enhanced Drilling technologies. This frame agreement, which took effect on February 1, 2024, is the first of its kind for Enhanced Drilling. It is for operations on the Norwegian continental shel
Liquid Wind and partners launch design & performance center to boost eFuel innovation and production
Swedish electrofuel developer Liquid Wind, together with its partners Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has launched the eFuel Design & Performance Center (DPC) in Hørsholm, Denmark. The launch of DPC builds on Liquid Wind’s partnership formed in 2020 and the recently announced p