Business Developments & Projects
Alexandroupolis LNG terminal wins €106 million European Commission grant
The European Commission has approved, under EU State aid rules, a €106 million Greek measure to support the completion of the construction of Gastrade’s liquefied natural gas (LNG) terminal in Alexandroupolis. The aid will take the form of a direct grant, and according to Gastrade, the promoter and
LR, Cargill, Minerva Dry and NACKS to develop wind-assisted, methanol-ready bulker
Lloyd’s Register (LR), Cargill International, Minerva Dry Inc. and Nantong COSCO KHI Ship Engineering Co Ltd (NACKS) have joined forces on the design of a Kamsarmax bulk carrier with methanol and rotor sail capability.
Odfjell Drilling-managed rig starts drilling ops for Neptune in North Sea
Neptune Energy has kicked off drilling activities at an appraisal well in the Norwegian sector of the North Sea, using a semi-submersible rig managed by Odfjell Drilling.
Geoquip Marine on geotechnical survey duty at third Bałtyk offshore wind site
Following similar work at the MFW Bałtyk II and MFW Bałtyk III offshore wind sites, Geoquip Marine will perform a geotechnical survey for the third MFW Bałtyk project that Equinor and Polenergia are developing in Poland. The company will conduct a comprehensive reconnaissance at the MFW Bałtyk I off
Oil & gas supermajor books Argeo for three-month program
Argeo is set to commence a three-month deepwater inspection program for a client that it described as an “oil and gas supermajor”. The agreement comprises deepwater autonomous underwater vehicle (AUV) inspection services and remotely operated vehicle (ROV) inspection separated in two detailed work p
Everfuel-Hy24 JV all set to work on green hydrogen infrastructure in the Nordics
Everfuel, a Denmark-based green hydrogen company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, have completed the transaction establishing the joint venture (JV) to begin financing the development of electrolyzer capacity across the Nordics. The parties announced the cr
Aker Solutions, Subsea7 and SLB joint venture closes
Subsea7, SLB and Aker Solutions have closed the previously announced joint venture which will operate under the OneSubsea name. OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include complementary subsea production and processing technology portfolio, manufacturing scale
FEED work begins on blue hydrogen project on Teesside
Aberdeen-based energy infrastructure company Kellas Midstream has started front-end engineering design (FEED) work on its H2NorthEast hydrogen project in Teesside. H2NorthEast is strategically located at the CATS (Central Area Transmission System) gas terminal on Teesside, an area committed to becom
Hexagon Purus to deliver hydrogen fuel storage system for training ship in Norway
Danish Hvide Sande Shipyard has ordered a hydrogen fuel storage system for a training ship from Hexagon Purus Maritime, a wholly-owned subsidiary of Norwegian Hexagon Purus. Under the purchase order, Hexagon Purus Maritime will deliver its hydrogen fuel storage system incorporating type 4 hydrogen c
Aker BP hands out another multi-million deal for North Sea power from shore project
Aker BP has picked Multiconsult Norge for work on a power from shore project at a recently sanctioned development in the North Sea.
Jan De Nul orders world’s largest cable-laying vessel from China
Jan De Nul has placed an order for an extra-large cable-laying vessel (CLV) at China’s CMHI Haimen shipyard, which, with its cable-carrying capacity of 28,000 tonnes, is said to be the world’s largest. Named Fleeming Jenkin, the CLV will be equipped with three cable carousels, two mounted on deck an
UK oil & gas firm hits pause on farm-out for asset off Ireland to spruce up subsurface imaging
Europa Oil & Gas has decided to temporarily halt the farm-out process for a license located offshore Ireland.
More work to keep Shelf Drilling rig busy until mid-2024
Shelf Drilling has secured a new contract extension for one of its jack-up rigs for operations on the UK Continental Shelf (UKCS).
In focus: Advanced economies should pave the net-zero way as bolder action is needed
Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.