Business Developments & Projects
Shearwater GeoServices goes to India
India’s government-owned energy giant Oil and Natural Gas Corporation (ONGC) has appointed Norway’s Shearwater GeoServices to deliver an ocean bottom node (OBN) survey off the coast of India. According to Shearwater, the venture will showcase its Pearl node technology aboard the SW Tasman, a vessel
GEFO orders ten stainless steel chemical tankers in China
Germany-based family-owned shipping company GEFO has decided to invest ‘a three-digit million amount’ in ten new 3,850 dwt tankers.
International offshore rig count activity gets a boost in January
Baker Hughes’ rig count report shows that more than one rig joined the working international offshore fleet in January 2024.
IMO’s decarbonization focus tested amid escalating Red Sea tensions
Following a major step to create a regulatory framework for the full decarbonization of the maritime industry with the adoption of a revised Greenhouse Gas (GHG) strategy in July last year and alignment with the objectives of the Pairs Agreement on curbing global warming, the International Maritime
Shell takes Valaris jack-up rig for upcoming North Sea drilling ops
Shell has hired a heavy-duty jack-up rig from Valaris, an offshore drilling contractor, for a two-well drilling campaign in 2024.
Snam gauging market interest in hydrogen and CO2 transport and storage
Italian energy infrastructure operator Snam, in cooperation with Confindustria, has officially launched a market test on hydrogen demand in Italy and, in partnership with Eni, a collection of non-binding expressions of interest for the transport and storage of CO2 within the framework of the carbon
France-Scotland alliance to boost hydrogen deployment
France Hydrogène and the Scottish Hydrogen & Fuel Cell Association (SHFCA) have signed a memorandum of understanding (MoU) to strengthen collaboration and cooperation between the two organizations and accelerate the deployment of hydrogen for the transition to net zero. According to the SHFCA, the p
France’s HelioRec sets up partnership for floating solar in Bretagne
France-based start-up HelioRec has established a partnership with EMP ROTOMOULAGE, a company dedicated to rotational molding techniques, with the aim of spearheading the production of floating solar systems in the Bretagne region. HelioRec, who has developed a floating solar system whose compact des
Venture Global and Grain LNG pen long-term LNG deal
U.S. Venture Global LNG and UK National Grid Grain LNG have signed a binding long-term terminal use agreement (TUA), enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, U.S., including CP2 LNG, subject to obtaining necessary federal permits. Under the agr
TGS-SLB joint venture embarks on its seventh acquisition program
Norwegian provider of energy data and intelligence TGS and oilfield services company SLB are set to perform ocean bottom node (OBN) multi-client acquisition in the U.S. Gulf of Mexico, representing the seventh program within the seismic joint venture. Starting in the first quarter of 2024, Engageme
16-year-old vessel returns to VARD for conversion
A Canadian company active in the offshore oil & gas and energy sectors has appointed Norway’s VARD to convert a platform supply vessel (PSV) that it built 16 years ago into a cable-laying vessel (CLV). I.T. International Telecom Marine (IT) is a Halifax-based marine network installer offering deskto
Drilling program and well intervention campaign on Serica’s 2024 agenda in North Sea
Serica Energy is preparing to kick off its four-well drilling campaign and work-over program in the UK sector of the North Sea.
Hayfin strikes again with Post-Panamax pair at Oshima
Europe’s shipping investor Hayfin Capital Management has signed a contract with Oshima Shipbuilding and Sumisho Marine to construct two 100,000 dwt Post-Panamax dry bulk carriers. Once constructed, the ships will be delivered to an unnamed international energy trader on a long-term charter. The vess
Switching to ammonia as marine fuel may create more problems than it solves
Switching to ammonia as a marine fuel, with the goal of decarbonization, can instead create entirely new problems, a new study found.