Business Developments & Projects
PGS lands offshore wind site survey deal
PGS has been awarded an offshore wind site characterization contract in Europe for an unnamed project. Mobilization is scheduled for early July and the contract has a total duration of approximately two months. The project will be acquired with PGS’ ultra-high-resolution 3D (UHR3D) streamer, providi
Boluda Towage bolsters presence in Strait of Gibraltar with Resolve Salvage and Fire acquisition
Boluda Towage, a subsidiary of Spain’s Boluda Corporación Marítima, has expanded its global operations with the acquisition of Resolve Salvage and Fire, solidifying its position in the Strait of Gibraltar. The move aims to enhance services and intervention capabilities for both companies. The additi
Stena Bulk expands fleet with ECO MR quartet
Tanker shipping company Stena Bulk has inked long-term charter agreements for four newbuild eco Medium Range (MR) tankers. The ships will be taken on five-year charters from an unnamed private Japanese shipowner major. Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hy
End of subsea construction phase for German pipeline
ABL Group has completed the marine warranty survey scope related to the installation of Germany’s Ostsee Anbindungsleitung (OAL) subsea pipeline, where the first gas feed-in is expected soon. GASCADE Gastransport contracted ABL to provide marine warranty survey (MWS) services to supervise the transp
H2Global and JOGMEC initiate clean hydrogen cooperation
Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of understanding (MoU) to cooperate in the field of clean hydro
Norwegian NTE’s plant at Kråkøya produces its first hydrogen
Norwegian NTE’s (Nord-Trøndelag Elektrisitetsverk) green hydrogen production plant at Kråkøya in Nærøysund municipality has produced its first hydrogen gas. According to NTE, this represents a significant step forward for zero emissions in the maritime sector as the plant is the first hydrogen produ
FPSO nearing completion but changes made to North Sea oil project’s start-up date
Vår Energi has revised its timeline for the first oil from a field life extension project in the North Sea offshore Norway.
Reach Subsea makes moves to meet increasing demand for subsea services
Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm peri
16 European partners kick off project to scale up offshore solar
Sixteen European partners have started an EU joint industry project (JIP) where floating solar technology is scaled up to standard formats of 150 MW enabling to build gigawatt scale farms. The BAMBOO project (Building scAlable Modular Bamboo-inspired Offshore sOlar systems) aims to resolve challenge
Fresh oil, gas, and drilling plays shape global energy ecosystem
This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.
Onshore cable provider wanted for second Malta-Italy interconnector
InterConnect Malta, the company behind the second Malta to Italy interconnector, has issued a tender for the manufacture and installation of onshore cables for the project. The tender is looking for a company to manufacture and install the onshore 245 kV and 145 kV cables, fiber optic cable and acce
SCZONE-Belgium cooperation talks include green fuel projects
François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. On February 7, SCZONE said it received d’Elzius within the fra
Crew behavior changes lead to significant fuel savings, Ridgebury says following trial
A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. Specifically, Ridgebury Tankers has carried out a six-month trial in cooperation with behavior change startup Signol during which officers on four tank
Cavotec wins shore power deal with European shipping line
Swiss cleantech company Cavotec revealed that it has signed a $5.7 million shore power retrofit deal contract with an undisclosed European shipping line. The agreement entails the complete retrofit of container vessels from the installation of Cavotec’s cable management system to modifications of th