Business Developments & Projects
Wallenius Wilhelmsen lands lucrative contracts worth $1.2 billion
Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. The first multi-year shipping contract, valued at approximately $1 billion based on
Scottish consortium to develop green hydrogen shore power trial with CMDC funding
A Scottish consortium of four renewable and maritime companies has secured funding from the UK Government Department for Transport (DfT) to develop a green hydrogen shore power trial project at the Port of Leith. As disclosed, the project was granted over £535,000 (around $679,000) as part of the Cl
Poor weather hits pause on construction of new UK interconnector
Offshore cable operations have been paused for the Greenlink interconnector that will link Ireland and Wales due to poor weather and for maintenance and upgrades on the construction vessel. The Greenlink Interconnector will link the southeast of Ireland, from Great Island, County Wexford to South-we
Two vessel gigs land on Norwegian player’s North Sea backlog
Golden Energy Offshore Services (GEOS) has found more work for two platform supply vessels (PSVs) in its fleet by securing a set of new contracts in the North Sea.
Norwegian oil & gas firm gearing up to spud North Sea wildcat with COSL rig
Wellesley Petroleum has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Chinese cabling giant buys into two UK companies, enters Morocco-UK power project
Chinese power cable specialist Orient Cable (NBO) is entering the Morocco-UK Power Project with the acquisition of a stake in the company behind the multi-technology renewable energy project. Xlinks First Limited announced it had entered into a share subscription agreement for the placement of commo
Trinidad and Tobago hires CGG for multi-client reimaging program
Paris-based company CGG has signed an agreement with the Ministry of Energy and Energy Industries of Trinidad and Tobago to update 3D seismic data from deepwater blocks off the coast of Trinidad. CGG will deliver improved images of seismic data from deepwater blocks 25a, 25b, 26, and 27 in the east
Wilhelmshaven hydrogen initiative welcomes first North American partner
Canadian renewable energy company World Energy GH2 has joined Port of Wilhelmshaven’s ENERGY HUB, an initiative that aims to position Wilhelmshaven as the ‘Hydrogen Valley of Germany’, as the first North American member. On 26 January, World Energy GH2 announced it had officially become a member of
Solstad completes refinancing
Solstad Shipholding, part of Norway’s Solstad Offshore (SOFF), has completed refinancing which is expected to create a robust industrial platform going forward. The completed refinancing includes equity contributions to Solstad Maritime Holding (SMH) of NOK 4 billion (around $384.2 million) in total
UK oil & gas firm gets more time for technical studies and partner search off Ireland
AIM-listed Europa Oil & Gas has got an extension for a license offshore Ireland from the Irish government’s DECC.
Lhyfe’s offshore hydrogen production pilot aces trials
French hydrogen producer Lhyfe has shared operating results from its Sealhyfe project, also known as the world’s first offshore hydrogen production pilot which returned to dock in November 2023, confirming that the initial objectives were met. Lhyfe launched the Sealhyfe project, equipped with a 1 M
Strike action at North Sea platform taken off the table as offshore drillers’ battle for work-life balance pays off
More than 100 offshore workers employed by Odfjell Technology have called off industrial action after securing improvements to working rotas.
Wind-assisted propulsion developers win big in latest CMDC funding round
Wind-assisted propulsion developers in the UK have secured major victories in the latest round of the Clean Maritime Demonstration Competition (CMDC), which has assigned £33 million (€38.6 million) for new technologies to 33 projects across all twelve regions of the UK. Leading the charge is GT Gree
Maersk names world’s 1st large methanol-powered containership
History was made at HD Hyundai Heavy Industries (HD HHI) in Ulsan, South Korea as the world’s first large methanol-enabled container vessel was named. The 16,000 TEU containership was named Ane Maersk after Ane Mærsk Mc-Kinney Uggla, the Chair of the A.P. Moller Foundation and A.P. Moller Holding. A