Business Developments & Projects
No hydrocarbons for Equinor in another North Sea well
Equinor has drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry.
Wärtsilä heads €200M collab to develop autonomous zero-emission balancing power generation
Technology group Wärtsilä and more than 200 Finnish companies, industrial organizations, research institutes, and universities have formed a consortium to develop autonomous zero-emission balancing solutions for power generation. Wärtsilä will lead this five-year collaboration known as the “Wide & I
Equinor hires compatriot company for diving intervention services
Norway’s energy giant Equinor has signed a long-term frame agreement for diving intervention services with compatriot SubseaPartner. The frame agreement focuses on contingency preparedness for Equinor as the principal user, in addition to 23 other operating companies participating in the Pipeline Re
K Line buys out kite manufacturer AIRSEAS
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has acquired the French wind propulsion specialist Airseas. The French company, a spin-off of Airbus Group, has developed the Seawing, an automated kite system using wind power. The system has the potential to help vessels reduce up to 20% of
Eni reveals ‘excellent’ annual results as natural gas and LNG business cushions drop in profit
Eni has disclosed strong financial and operating results for 4Q and full year 2023 on the back of its natural gas and LNG portfolio.
European Commission approves funding for 24 German hydrogen projects
The European Commission (EC) has approved 24 German projects as part of the Important Project of Common European Interest (IPCEI) Hydrogen program. The projects submitted by Germany are part of the “infrastructure wave” Hy2Infra of the IPCEI Hydrogen, which includes a total of 33 projects from sever
Transocean rigs pick up drilling gigs in Angola, Gulf of Mexico, and Black Sea
Transocean has secured more work for three floaters in its rig fleet, enabling it to collect $326 million for assignments in Angola, the U.S. and Romania.
Norway’s PRSI Pool taps NKT for turnkey offshore power cables repair
Denmark-based NKT has signed a four-year service agreement with the Norway-based Pipeline Repair and Subsea Intervention (PRSI) Pool which allows it to perform turnkey repairs for offshore power cables owned by the member companies. The PRSI Pool includes 23 companies covering their offshore pipelin
Two rigs bought from Transocean come under the wing of Dolphin Drilling
Dolphin Drilling has confirmed the start of operations and the final transfer of ownership for two semi-submersible rigs acquired from Transocean.
Opinion: Can wind propulsion weather the approaching perfect storm?
This article is written by Gavin Allwright, Secretary General – International Windship Association When taking time to reflect on the past year, I would argue that 2023 was the year in which our industry took the gloves off and got down to business when it came to decarbonization. At COP28 in Decemb
Prysmian lands €5 billion cable job for projects offshore Germany
Italy-headquartered Prysmian has finalized three contracts worth in aggregate around €5 billion with the transmission system operator (TSO) Amprion for BalWin1 and BalWin2 offshore grid connection systems and the DC34 underground cable project in Germany. According to Prysmian, this package deal is
Solstad’s recently-purchased CSV wins contract with international client
Norway’s Solstad Offshore (SOFF) has secured an 18-month contract with an international client for the construction support vessel (CSV) Normand Tonjer. The contract is starting in April 2024 and it includes a possible two-time 180-day extension. The commercial terms are confidential, but they ali
Wood to provide services for several of Inpex’s decarbonization projects
UK’s engineering and consulting company Wood has been chosen by Japan’s energy major Inpex Corporation to work on several of its decarbonization projects across the globe. In Japan, Wood said the company will deliver concept design services for a carbon dioxide (CO2) transportation network, noting t
CMA CGM’s Mermaid makes a splash
French containership major CMA CGM has welcomed into the fleet CMA CGM Mermaid, the first ship in a series of ten new 2,000 TEU container ships powered by liquefied natural gas (LNG). The fleet has been designed in cooperation with French shipbuilder Chantiers de l’Atlantique and Danish engineering