Business Developments & Projects
Klaveness’ CABU carrier aces first voyage with air lubrication tech
MV Ballard, an 80,500 dwt CABU combination carrier operated by Norway’s shipping company Klaveness Combination Carriers (KCC), has completed its first voyage following dry dock and the installation of an air lubrication system.
Prysmian hits dynamic cables milestone
Prysmian Group has completed the pre-termination phase for the dynamic cables destined for a floating offshore wind farm off the coast of France – said to be the company’s first turnkey project of a dynamic cables system for a floating wind farm. Prysmian announced the completion of the dynamic cabl
QatarEnergy LNG delivers 1,000th cargo to South Hook LNG terminal in UK
QatarEnergy LNG, previously known as Qatargas, has completed its 1,000th LNG shipment to the South Hook LNG terminal at Milford Haven in the United Kingdom (UK). The landmark delivery was made by the Q-Max LNG carrier Mozah, which already has another landmark achievement to its name, the 10,000th LN
Euronav names LNG-ready newbuild duo
South Korean shipbuilder Hyundai Samho Heavy Industries hosted a christening ceremony last week for Euronav’s two tanker newbuilds, MV Brest and MV Bristol. The two 157,000 dwt Suezmax tankers were ordered back in 2021 costing $186 million en-bloc, and including $4.2 million in additions and upgrade
Ocean Sun to supply floating solar tech for 2MW project in India
SJVN Green Energy, a wholly owned subsidiary of India’s state-owned SJVN, has signed a memorandum of understanding with Ocean Sun to develop a floating solar project in India.
DNV, AL Group to explore CCS on board containership, bulker newbuilds
DNV has entered into a JDP with AL Group and its Singapore unit to explore the feasibility of CCS on board AL’s newbuildings.
TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications
Norway’s cleantech company TECO 2030 and Japan’s electrical engineering and software company Yokogawa Electric Corporation have signed a strategic partnership and investment agreement regarding the development of technology for utilizing hydrogen fuel cells in industrial applications. Under the agre
Gulf of Mexico and Norway on schedule for TGS
Norway’s TGS has secured an extension of a contract offshore Norway, as well as a new contract with a repeat customer in the Gulf of Mexico. TGS secured a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another t
With UK fiscal challenges ‘undermining investor confidence,’ sale of North Sea discovery falls through due to lack of money
Quattro Energy Limited has been unable to raise the required funds for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.
Backlog boost for sixth quarter in a row stokes Transocean’s multi-year upcycle hopes
Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.
Statnett assigns grid capacity for Aker Horizons’ ammonia projects in Norway
Energy company Aker Horizons has been allocated a grid capacity of 250 MW for its large-scale green ammonia plant under development in Kvandal outside Narvik and 120 MW for its facility in Berlevåg, both in Northern Norway, by system operator Statnett. The company said the grid capacity in Kvandal w
BP sees sharp drop in profit due to flat gas prices but uplifts renewables pipeline
BP has achieved production growth, a reduction in net debt, and a “robust” operating cash flow, based on its results for 3Q 2023.
Shell’s Norwegian gas field pioneers remote data harvesting
Sonardyne, working with XOCEAN’s uncrewed surface vehicles (USV), has delivered remote acoustic data harvesting services to Shell at its Ormen Lange gas field in the Norwegian Sea that does not have conventional surface operation platforms. Without surface platforms, acoustic data from the subsea se
MEYER Group takes 50% stake in C-Job
Dutch ship design and engineering company C-Job Naval Architects has formed a strategic partnership with MEYER Group, wherein MEYER Group will acquire a 50 percent stake in C-Job. MEYER Group, an international consortium, operates three shipyards under MEYER Werft, located in Papenburg, Rostock, and