Business Developments & Projects
LNG keeps its crown: Alternative fuel orders show LNG still holding strong
In the ever-evolving landscape of marine fuels, liquefied natural gas (LNG) is firmly holding its position as a formidable choice for the decarbonization of ships despite a recent uptick in the popularity of methanol. According to the data from a two-month special report from DNV – Maritime’s Altern
Multi-year extension of Repsol Sinopec deal prolongs Petrofac’s spell of success in North Sea
Petrofac has been awarded a three-year contract extension in support of Repsol Sinopec Resources UK’s North Sea operations.
Solstad tucks in extension trifecta with Equinor, Subsea 7, and DeepOcean
Solstad Offshore has secured contract extensions with Equinor, Subsea 7, and DeepOcean for one of its AHTS vessels and two CSVs.
GTT nets technical services contract for CMA CGM LNG-powered ships
French LNG containment specialist GTT has signed a technical services agreement (TSA) with compatriot shipping and logistics major CMA CGM Group. Under the agreement, GTT will provide CMA CGM with maintenance and operation services for 49 ‘biomethane and e-methane ready’ LNG-powered container vessel
ESL’s 2nd hybrid vessel launched in India
Stellamar, the second unit of a series of 12 plug-in hybrid coasters ordered by ESL Shipping’s subsidiary AtoB@C Shipping, hit the water on October 1 at Chowgule Shipyard in India. “I would like to thank all parties involved in this successful project. It is great to be back here at Chowgule Shipyar
TotalEnergies puts Danish firm in charge of gas lift project for North Sea platform
TotalEnergies has hired Denmark’s Semco Maritime for a gas lift project on an unmanned wellhead platform in the Danish part of the North Sea.
Poseidon Principles align with IMO’s raised ambitions
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
First gas flows from subsea tie-back offshore Norway
OKEA has brought on stream its first operated development project as a subsea tie-back to an existing platform in the Norwegian Sea.
All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation
Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.
QED Naval presents its ‘tidal town’ vision to Anglesey officials
Scottish company QED Naval has ‘constructive discussions’ with MP of Anglesey Virginia Crosbie, taking the opportunity to outline its plans for the development of 4.5MW tidal energy project off Holy Island, along with associated operations. A strong advocate for decarbonization, Crosbie believes tha
Expro finalizes acquisition of US well intervention firm
UK-headquartered energy services provider Expro has completed the acquisition of Houston-based offshore services provider PRT Offshore, said to enable the company to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America. The acquisition is al
DNV issues feasibility statement for Schottel Marine’s rock anchor concept
Schottel Marine Technologies has secured the statement of feasibility from the classification society DNV for its rock anchor (Swift Anchor) concept for offshore renewables, namely tidal energy and floating wind technologies.
GAZ-SYSTEM’s binding open season for Gdańsk FSRU 2 reaches new stage
Poland’s natural gas transmission system operator GAZ-SYSTEM has completed the process of registration of entities interested in participating in the binding open season procedure for Gdańsk FSRU 2. The operator requested the participants registered in the procedure to submit their binding offers to
Hybrid-battery-powered vessel backs DeepOcean on UK decommissioning gig
Subsea services provider DeepOcean has completed a decommissioning project on a Fairfield Energy platform located on the UK continental shelf, with work conducted from a hybrid-battery-powered construction support vessel (CSV). As part of its scope, DeepOcean removed six subsea conductors and four v