Business Developments & Projects
Dana Petroleum entering Shell’s North Sea license ahead of drilling ops
Deltic Energy is in the process of divesting a partial stake in a Shell-operated license to Dana Petroleum.
Viking Line, Ports of Stockholm and Turku eye carbon-neutral corridor by 2035
Finnish shipping company Viking Line has signed a Memorandum of Understanding (MoU) with the Ports of Stockholm, and the Port of Turku to create a green maritime corridor between Turku and Stockholm. The goal is for the corridor to be 100% carbon-neutral by 2035. The partnership aims to develop scal
Norwegian firm broadens its North Sea horizons with stake in Shell’s UK gas field
DNO has put the wheels into motion to expand its North Sea portfolio by acquiring an interest in a Shell-operated gas field.
DNV confirms energy efficiency gains for LNGCs enabled by ABB-MAN DFE+ solution
The new Dual Fuel, Electric+ (DFE+) solution developed by Swiss technology company ABB and German engine manufacturer MAN Energy Solutions is a more energy-efficient alternative to current conventional designs for liquefied natural gas (LNG) carriers, classification society DNV found in a study.
Oceaneering reels in $200 million in new contracts
Oceaneering International has secured multiple contracts during the fourth quarter of 2023 with an anticipated aggregate revenue of approximately $200 million. The anticipated revenues from these contracts in Oceaneering’s Manufactured Products segment range in value from less than $10 million to gr
BP’s profit cut in half but $13.8 billion still cinched in 2023
Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.
Fugro secures Dutch geophysical survey contract
Fugro has been awarded the geophysical survey contract for the development of the Doordewind offshore wind zone in the Netherlands. Fieldwork is planned to commence in April 2024 and will be conducted with Fugro’s geophysical vessel Fugro Pioneer. Onboard are customized digital streamers and process
Hydrogen fuel-cell ferry wins LR’s AIP
The Estonian State Fleet has won Approval in Principle (AIP) from Lloyd’s Register (LR) for a hydrogen fuel-cell ferry designed by Finnish ship design and engineering company Deltamarin. As part of the certification, LR approved the current stage of the design process to be suitable for further desi
K Line to manage Northern Lights’ 3rd LCO2 carrier
Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery
Green light for Italy’s €1.3 billion, 1 GW submarine power line
Italy’s Ministry of Environment and Energy Security has given its approval for the Adriatic Link submarine power line, set to facilitate the integration of renewable sources and support energy transition goals in Italy. The Italian Ministry of Environment and Energy Security authorized, through a de
Vår Energi awards Norwegian firm with long-term well control contract
Norwegian energy services company AGR has secured a long-term contract for the provision of blowout and well control studies and associated services to Vår Energi’s activities on the Norwegian continental shelf (NCS). Under the framework agreement, AGR is set to provide services within blowout conti
RABN picks Econowind system for Odda Marie
Finland-based shipping company RABN – Rederi Ab Nathalie has decided to equip its general cargo ship Odda Marie with a wind-assisted propulsion system and a shore power system.
Höegh LNG settles disputes with charterer of PGN FSRU Lampung
Bermuda-based owner and operator of LNG carriers and FSRUs Höegh LNG has provided an update stating that the previously disclosed disputes and pending arbitrations with the charterer of PGN FSRU Lambung, which is serving Pertamina’s Perusahaan Gas Negara (PGN) off Indonesia, have been settled. In a
Quadrise readies for MSAR and bioMSAR fuel trials, eyes commercial supply
UK-headquartered Quadrise has signed a collaboration agreement with renewable biofuels supplier Cargill NV and MAC2 Solutions, part of Group Machiels, concerning the production of MSAR and bioMSAR fuels for its forthcoming marine vessel trials. Upon completion of trials, Quadrise aims to commence co