Business Developments & Projects
Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä
Norwegian shipping company Siem Offshore is collaborating with Finnish technology group Wärtsilä on vessel decarbonization solutions as part of its efforts to reduce the carbon footprint of its 26-vessel fleet and goal of reaching full carbon neutrality by 2050. According to Siem, the aim is to achi
OX2 and SMHI to study Baltic Sea oxygenation through hydrogen production
OX2 and the Swedish Meteorological and Hydrological Institute (SMHI) have teamed up to examine how by-product from the hydrogen production at OX2’s two offshore energy parks can oxygenate the Baltic Sea. SMHI, together with OX2, has been approved research grant from the Swedish Environmental Protect
Mabanaft secures funding for new methanol solar plant in Australia
Hamburg-based energy company Mabanaft has received grant approval from the German Projektträger Jülich for the potential construction of a new green methanol plant in Port Augusta, South Australia. In cooperation with Australian renewable energy company Vast, Mabanaft intends to build a solar methan
Green light for Saipem to restart pipelaying off Australia after vessel incident
Following the offshore trunkline installation incident at the end of January, Italian oilfield services provider Saipem has received approval from the Australian Commonwealth regulator National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) that the Castorone vessel may r
Reach Subsea ‘very optimistic for years ahead’ as it reports record 2023 numbers
Reach Subsea has reported record-high numbers for the fourth quarter of 2023 and the whole year, with all parameters driven by growth, improved pricing, and strong project execution. Reach Subsea’s revenue for Q4 2023 grew by 45% to NOK 474 million ($44.5 million), whereas EBIT grew by 130% to NOK 7
Noble jack-up rig staying longer in North Sea
Noble Corporation has found more work for one of its jack-up rigs off the coast of the Netherlands, where the rig is currently carrying out drilling operations.
Titan performs its first LNG bunkering operation in UK
Dutch bunker supplier Titan has marked its debut in the United Kingdom (UK) with a liquefied natural gas (LNG) bunkering operation in Dundee, Scotland. On February 1, Titan’s recently chartered LNG carrier Alice Cosulich delivered 345 metric tons of LNG to the vessel Living Stone from the DEME Group
Germany grants €3.5 billion for green hydrogen import program
Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK) has allocated €3.53 billion for the country’s hydrogen importing mechanism, H2Global Foundation, to fund future auctions for renewable hydrogen and its derivatives. On February 12, H2Global issued a statement saying that BMWK
Wavepiston installs first energy collector on its wave energy system off Canary Islands
Danish company Wavepiston has installed its first full-scale energy collector on its wave energy system offshore the Canary Islands. Wavepiston reported that it had on February 8 installed its first full-scale energy collector on the Wavepiston string at the Oceanic Platform of the Canary Islands (P
Deltamarin and BAR Technologies introduce new wind-optimized hull design
Deltamarin and BAR Technologies have unveiled a new wind-optimized hull design named Aquilo, showcasing a practical step toward sustainable ship design. Specifically tailored for Aframax/LRII vessels, Aquilo represents an advancement in overall performance by integrating advanced hull design with BA
Carnival books new LNG-powered cruise ship at Meyer Werft
The world’s largest cruise company, Carnival Corporation & plc, has signed an agreement with German shipbuilder Meyer Werft for the construction of a new LNG-fueled Excel-class cruise ship. This is the first newbuild order placed by Carnival Corporation in five years. It will be the tenth Excel-clas
DeepOcean enters Guyana after securing major contract with ExxonMobil
Norway-based ocean services provider DeepOcean has entered the Guyana market with what it says is its first major contract with ExxonMobil in the Americas. Under this contract, DeepOcean is to plan and carry out a range of subsea activities, including subsea construction and jumper installations, an
Aker Solutions backs transformation of Mogstad to low-carbon industry cluster
Norway-based Aker Solutions has been awarded a contract by its compatriot Equinor to carry out a feasibility study for the latter’s Mongstad industrial transformation project in Vestland County on the west coast of Norway. According to Aker Solutions, the study aims to identify solutions to signific
New Nexans cable-layer to sport ABB’s hybrid power system
Norwegian shipyard Ulstein Verft has placed an order with ABB for the delivery of an integrated power and propulsion system for Nexans’ new cable-laying vessel (CLV), currently under construction. The CLV, specially designed by Skipsteknisk, will be able to carry out the transport and lay of various