Business Developments & Projects
GKinetic demonstrates hydrokinetic device as part of +CityxChange project
Irish company GKinetic Energy has showcased one of its 12kW hydrokinetic devices in the heart of Limerick city as part of the €30 million +CityxChange project.
Norwegian firm pulls out of mini oil & gas licensing round in North Sea
BlueNord has dropped out of a mini oil and gas licensing round for exploration and extraction in a defined area in the Danish North Sea.
Several wells on drilling agenda in 2024 for giant Black Sea gas field
Trillion Energy has unveiled plans for the rest of 2023 along with its 2024 multi-well drilling program at a gas field in the Black Sea.
Seafarers’ unions strike deal for a 6 pct pay hike
Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiate
Interview: To help boost confidence and give clear direction for tidal energy, UK government should set 1GW target for 2035
Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelera
MAN ES unleashes a wave of innovation with 37 ammonia tech patent applications
German engine manufacturer MAN Energy Solutions has filed an impressive 37 patent applications as part of its research and development process for an ammonia-powered marine engine. The company has so far completed 71,000 R&D man hours, equalling 48 R&D man years. Investigating the combustibility of
Ulstein tasked with converting two PSVs into geotechnical vessels
Ulstein Design & Solutions has secured a contract with Fugro to redesign and convert two platform supply vessels (PSVs) into geotechnical vessels. Fugro said that by retrofitting the ULSTEIN PX121 design Fugro Resilience and Topaz Endurance PSVs, both built in 2015, it could unlock their versatile p
Danes order Chinese submarine cables for €8.5 million
Denmark’s transmission system operator (TSO) Energinet has awarded China’s Zhongtian Technology Submarine Cable (ZTTSC) with a contract for the delivery of submarine cable for Danish waters. Energinet selected ZTTSC for the delivery of approximately 12 kilometers of 145 kV submarine cable system to
Aker BP to spud North Sea prospects with Saipem rig
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
Wind-propulsion installations poised to surpass 50 mark in early 2024
Wind propulsion installations on large vessels are on track to surpass the 50 mark in early 2024, according to a recent update by Gavin Allwright, Secretary General of the International Windship Association (IWSA). This achievement reflects the continued momentum behind wind propulsion solutions and
SeaVolt launches first of a kind offshore solar platform
The SeaVolt consortium has installed its first of a kind offshore solar platform at the Blue Accelerator test site, near the Port of Ostend in Belgium.
Subsea Integration Alliance and BP unite to enhance subsea project performance
Subsea Integration Alliance has signed a memorandum of understanding (MoU) with UK energy giant BP aimed at developing a framework to enhance subsea project performance. Signed at an official ceremony in London on September 22, the agreement between BP and the alliance that comprises Subsea7 and One
Ecospray’s CO2 capture tech with 80 pct efficiency coming in Q1 2024
Ecospray, an Italian company specializing in sustainable solutions for maritime and land-based industries, has unveiled its first two carbon capture technologies for the maritime sector in Athens, Greece. The company developed a pilot plant with two CO2 capture technologies: chemical absorption usin
NKT cable-laying vessel moves to biofuel
Denmark-based NKT has certified its cable-laying vessel (CLV) NKT Victoria to use biofuels such as hydrotreated vegetable oil (HVO) as part of its decarbonization goals. NKT reported that the certification allows the reduction of carbon footprint from the vessel’s fuel consumption by more than 98%.