Business Developments & Projects
BP and Worley bolster ties with new five-year deal
Australian engineering company Worley has signed a new global framework agreement with UK-headquartered energy giant BP to provide engineering, procurement, and construction management services (EPCM) covering BP’s global refinery assets and new energy portfolio. According to Worley, the five-year a
Record amount of LNG reloaded at Lithuania’s Klaipeda terminal
According to Lithuanian terminal operator KN Energies, formerly Klaipedos Nafta, a record amount of 105 thousand cubic meters of liquefied natural gas (LNG) has been transferred from the floating storage and regasification unit (FSRU) Independence to the conventionally sized Amur River LNG vessel at
TECO 2030 and partners begin work on EU-backed hydrogen-fueled passenger ship
Norwegian cleantech company TECO 2030, together with thirteen partners from various European countries, has commenced its second EU Horizon project focused on developing, validating, and showcasing a zero-emission passenger ship fueled by hydrogen. The project named Zero Emission Adriatic Ship (ZEAS
AquaVentus: Imminent start of North Sea auction is essential for hydrogen ramp-up
Jörg Singer, chairman of German offshore wind-to-hydrogen initiative AquaVentus has called for a timely tender for the expansion of offshore electrolysis, saying that the imminent start of the auction for the Noth Sea region SEN-1, a 100 km2 area in the North Sea designated for hydrogen production,
Subsea7 pipelayer to sport full electric Huisman crane
Subsea7 has awarded the Netherlands-based Huisman with a contract to deliver a full electric offshore mast crane for one of its pipelay vessels that will be deployed for deep water installations. The 500mt offshore mast crane will be equipped with a passive and active heave compensation system on th
Following work for Shell, Argeo subsea vessel going to Indian Ocean
Argeo’s subsea vessel Argeo Searcher has completed a job in Nigeria for Shell and is now set to mobilize for work in the Indian Ocean. In its most recent vessel schedule, Argeo reported that its backlog update was currently running at around NOK 550 million (over $52.3 million), with a further sales
Conoship and Bouman join forces on ship-based carbon capture joint venture
EverLoNG ship-based carbon capture project partners Bouman Industries and Conoship International have signed an agreement to create a joint venture that would build ship-based carbon capture (SBCC) systems. The new partnership, called Carobotreat Maritime, aims to use its combined expertise to help
Hit-and-miss in North Sea: Aker BP finds more black gold in one well but bites the dust in another
Aker BP and Equinor have found more oil in one well drilled in the North Sea, using Odfjell Drilling’s semi-submersible rig.
Scottish high-voltage cable factory plan approved
Japan-headquartered Sumitomo Electric Industries has received approval for its plans to establish a power cable factory in Scotland. The Highland Council’s north planning applications committee approved the planning permission for the new high-voltage cable factory near Inverness last week. The deve
Flying Tiger Copenhagen teams up with Maersk on transporting goods using green fuels
Danish container shipping major A.P. Moller – Maersk has announced that compatriot retail company Flying Tiger Copenhagen will join its roster of customers utilizing the ECO Delivery solution for ocean freight transport, beginning in 2024. The strategic move aims to significantly curb Flying Tiger C
Toyota’s growth fund invests in Corvus Energy to boost hydrogen fuel cell development
Corvus Energy, a supplier of zero-emissions energy solutions or maritime, offshore, and port applications, has secured an investment from Woven Capital, Toyota’s growth fund, to speed up the development of its battery storage and hydrogen fuel cells and expand its geographical footprint. Corvus and
Reach Subsea gets more work in North Sea and Americas amid growing demand
Reach Subsea has increased its order backlog by securing new contracts, extending existing ones, and receiving call-offs within current frame agreements in the North Sea and the Americas region. Reach Subsea has landed contracts worth more than NOK 570 million (around $55 million), mainly starting i
Lhyfe partners with Source Galileo for green hydrogen production in UK and Ireland
French green hydrogen producer Lhyfe and UK renewable energy developer Source Galileo have entered into a joint agreement to develop commercial-scale green and renewable hydrogen production units in the UK and Ireland. To this end, the companies signed a memorandum of understanding (MoU), aiming to
TotalEnergies’ giant natural gas field in North Sea on track to come online this spring
TotalEnergies is getting ready to bring on stream the Tyra II redevelopment project in the Danish sector of the North Sea in March 2024.