Business Developments & Projects
BP, Shell, TotalEnergies, and Equinor among recipients of second license batch in UK’s 33rd oil & gas round
The NSTA has offered 24 licenses across 74 blocks and part-blocks, which are situated in the Central North Sea, Northern North Sea, and West of Shetland areas.
EU-backed project to convert bulk carrier to sail on climate-neutral fuels
A new e-fuels project has kicked off aiming to develop and convert a bulk carrier to run on climate-neutral fuels. Led by Icelandic engineering company Verkís, the European GAMMA project, initiated in January 2024, involves retrofitting a TOPIC Fleet bulk carrier with innovative technologies to demo
Longship orders eco-friendly cargo ship pair in the Netherlands
The Netherlands-based shortsea ship operator and logistics company Longship has entered a joint newbuilding project with Norway’s shipbroker Wagle Chartering for two general cargo ships.
Norwegian player wraps up sale of partial stakes in North Sea pair
Longboat JAPEX Norge has completed the divestment of partial interests in a pair of exploration licenses on the NCS to Norway’s Concedo.
Cradle-to-grave study highlights fundamental role of alternative fuels in emissions reduction
The majority of emissions are created during the operational period of a vessel’s life cycle but these can be reduced by approximately 90% through the use of zero- or low-carbon fuels, reveals the industry-first cradle-to-grave study carried out by Lloyd’s Register (LR) and partners to assess enviro
North Sea operator picks Scottish firm for P&A campaign
Scottish well intervention and plug and abandonment (P&A) solutions provider Oilenco has won a contract to deliver engineering and manufacturing services for what it says is a “major North Sea operator”. The contract will see Oilenco provide well intervention and downhole equipment throughout a 52-w
Euronav orders 4th ammonia-ready VLCC, charters out Suezmax duo as it exits transformative quarter
Belgian tanker major Euronav has placed an order for an additional dual-fuel ammonia-ready Very Large Crude Carrier (VLCC) at Qingdao Beihai shipyard in China, confirming previous broker reports on the deal. The order was placed in January 2024. Combined with the three orders announced in 2023, the
OX2, Ingka Investments expected to apply for second offshore hydrogen project in Sweden
OX2 and Ingka Investments are expected to submit an application for another offshore wind-to-hydrogen project to the Swedish authorities, after the partners recently applied for a permit to build a similar project off the coast of Blekinge. The second energy hub combining offshore wind energy and gr
As its CEO heads for the exit, Serica hand-picks interim one to step in his shoes
Serica Energy has disclosed the appointment of an interim Chief Executive Officer (CEO), who will succeed its current CEO after he steps down from the role.
ZeroNorth acquires Euronav’s FAST platform
Denmark-based technology company ZeroNorth has reached a deal with Belgian shipping company Euronav to acquire and manage the tanker major’s Fleet Automatic Statistics and Tracking (FAST) platform. As part of the deal, Euronav will become a customer of ZeroNorth’s full platform offering. FAST collec
With stakes in North Sea oil & gas fields, Longboat JAPEX adds first producing assets to its portfolio
Longboat JAPEX Norge has brought an acquisition to an end, enabling it to get its hands on its initial producing assets offshore Norway.
Former Dril-Quip sales director joins FET as energy transition manager
UK subsea energy provider Forum Energy Technologies (FET) has appointed the first energy transition business development manager within its subsea business with the aim to help operators achieve carbon emission improvements. Martin Thomson, experienced in both subsea and offshore wind sectors, will
Seven NGOs urge Europe to set coal, oil, and gas phase-out dates
A coalition of seven NGOs has sent a letter, encouraging the European Commission to list fossil fuel phase-out dates within the roadmap for Europe’s 2040 target.
UK CCS project enters FEED phase as Technip Energies snatches contract
The Viking Link carbon capture and storage (CCS) project in the UK has entered the front-end engineering design (FEED) phase with the award of the contract to Technip Energies. Viking CCS, previously known as V Net Zero, is the Humber-based CO2 transportation and storage network led by UK oil and ga