Business Developments & Projects
BP signs third LNG offtake contract with Woodfibre
UK-based energy major BP has entered its third long-term liquefied natural gas (LNG) offtake contract from the Woodfibre LNG facility based in British Columbia, Canada. The contract involves the offtake of 0.45 million tons of LNG per year (mtpa) for 15 years on a free-on-board (FOB) basis, and acco
Oceaneering to add DriX USV to its fleet
Oceaneering International is planning to acquire Exail’s DriX uncrewed surface vessel (USV) as part of its introduction of a new USV service to support remote survey work scopes. Oceaneering announced on 5 September that its Subsea Robotics group was introducing a new USV service that will utilize d
Mocean Energy hails €3.7M EuropeWave funding boost as significant step towards wave energy scale-up
Scottish company Mocean Energy has secured €3.74 million in EU funding to develop and deploy a 250kW wave energy device offshore Orkney, as part of the EuropeWave project.
Boskalis wins ‘large’ Baltica 2 cabling contracts
Boskalis has been awarded contracts by PGE Polska Grupa Energetyczna and Ørsted for the transportation and installation of the export and array cables for the Baltica 2 offshore wind farm in Poland, classifying the contract value as “large”, which for Boskalis means it is worth more than €300 millio
Neptune Lines orders two dual-fuel PCTCs in China
Greek shipping company Neptune Lines has placed an order for two next-generation vessels, specially designed for its short sea trades, with Fujian Mawei shipyard in China. The 4,200 CEU dual-fuel pure car truck carrier (PCTC) vessels will be delivered in 2026. The new vessels are being ordered under
Polish firm pursuing operator role for only CO2 exploration license in Barents Sea
Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced
With UK’s 2030 CCUS targets being ‘very challenging,’ three measures can save the day
Wood Mackenzie believes the UK will struggle to meet its CCUS targets unless government and private investment come to the aid.
WinGD, Samsung Heavy Industries join forces on ammonia-powered ships
Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on the installation of WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels. The two companies signed a memorandum of understanding during the Gastech conference in Singapore
CorPower Ocean’s next-gen wave energy device hits waters offshore Portugal
Swedish company CorPower Ocean has installed its first commercial-scale wave energy converter in northern Portugal, setting the course to making wave energy a bankable technology for mass deployment.
Prysmian reserves capacity to deliver Australian interconnector
Prysmian Group has signed a capacity reservation agreement with Marinus Link, a subsidiary of the Australian transmission system operator (TSO) TasNetworks, to reserve the capability to deliver a power interconnector project in Australia. The agreement includes the Commonwealth Government underwriti
‘Bold measures’ still needed for 2030 target but UK North Sea oil & gas emissions down for third consecutive year
The NSTA has outlined in its new report that the oil and gas industry is making progress on curbing emissions.
EuropeWave unveils top 3 wave energy finalists
EuropeWave project has selected three finalists – CETO Wave Energy Ireland, IDOM Consulting and Mocean Energy – to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the collaborative wave energy project.
SCHOTTEL Marine Technologies merges German and UK ops with focus on floating offshore renewables
SCHOTTEL Marine Technologies, the new company name for Germany’s AQUOS SCHOTTEL Marine Technologies and Scotland’s Swift Anchors, has integrated its operations to ramp-up deployment of its anchoring solutions for floating offshore renewables.
After two workers suffered injuries on North Sea platform, Repsol Sinopec slapped with £535,000 fine
Repsol Sinopec Resources UK Limited has been fined £535,000 after the uncontrolled collapse of a crane injured two workers.