Business Developments & Projects
Prosafe sees new opportunities for its vessels as tender activity for 2024 and beyond heats up
Prosafe is optimistic about the demand outlook for 2024 and beyond thanks to a substantial boost in tendering activity for this period.
Perenco and Carbon Catalyst win two more carbon storage licenses
Following the carbon storage license award to progress the Poseidon project over the Leman fields, Perenco UK and Carbon Catalyst have secured two further CO2 storage licenses in the Southern North Sea sector of the UK Continental Shelf (UKCS). The Orion carbon capture and storage (CCS) project enco
Tufton’s bulker to save 10 pct of fuel after fitting rotor sails
China-based Chengxi Shipyard has completed the installation of Anemoi’s rotor sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier. The installation was completed in June 2023. TR Lady is owned by TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management and is on a time charter wi
Svitzer takes design of world’s first methanol fuel cell tug to next phase
Towage operator Svitzer, part of A.P. Moller – Maersk, has launched the second phase of its project to design the world’s first methanol hybrid fuel cell (MHFC) tug. In the first phase, Svitzer conducted technical studies to establish the feasibility of this type of vessel accommodating the real-wor
Gardline set for survey at UK North Sea gas project
Oil and gas services provider Hartshead Resources NL (HHR) and its joint venture partner Rockrose Energy have awarded Gardline with a contract to perform a geophysical survey for field developments located in the Southern North Sea. Following a competitive tender and subsequent technical and commerc
Industry’s first: Odfjell to install suction sails on a chemical tanker
Norwegian shipping company Odfjell in partnership with bound4blue, a Spanish developer of wind-assisted propulsion technology, will install the eSAIL® suction sail system on a chemical tanker, making it the first tanker vessel in the world to harness this type of technology. The eSAIL system, catego
All systems go for Equinor to kick off drilling ops with Odfjell rig
Equinor has received consent from Norway’s regulator to use one of Odfjell Drilling’s rigs for drilling ops in the Norwegian Sea.
Stolt Tankers adds Bochem Houston, 1st of 6 ammonia-ready newbuilds chartered from CMB
Stolt Tankers has welcomed into the fleet Bochem Houston, the first of six newbuilds hired from Belgian shipowner Compagnie Maritime Belge (CMB). The 26,000 dwt ship has joined the company’s Stolt Tanker Joint Service, bringing the number of ships in its deep-sea fleet to 84. The IMO Tier III tanker
Flying colors for Fugro USV in Danish waters
Fugro’s Blue Essence uncrewed surface vessel (USV) has completed its first project in Denmark, with operations being controlled remotely from the UK. Fugro reported that its 12-meter Blue Essence USV had completed the data acquisition of a cable route survey in the North Sea for Denmark’s Energy Isl
North Ammonia appoints new CEO
The Board of Directors at North Ammonia, a Norwegian green energy provider, has appointed new Chief Executive Officer (CEO). As disclosed, the new CEO is Mikkel Tørud who comes from the Oslo stock exchange listed renewable energy Scates ASA where he held several management positions, the most recent
Baker Hughes and Marine Power Systems shake hands to electrify oil & gas
Baker Hughes and Marine Power Systems (MPS) have set up a partnership to work together on delivering integrated solutions for the electrification of oil & gas facilities and their supporting subsea systems. According to the partners, meeting global net-zero targets requires a dual strategy where eff
Angelicoussis carrier delivers first LNG cargo to Nansha Guangzhou terminal
Greek Angelicoussis Group’s LNG carrier Maran Gas Coronis has delivered the first LNG cargo to China’s Nansha Guangzhou LNG terminal. The vessel was berthed at the terminal on 8 August 2023, Angelicoussis stated on social media, adding that during the week-long operation, the carrier undertook the c
LNG-powered Silver Nova embarks on maiden voyage through Adriatic
LNG-fueled cruise ship Silver Nova, the first in the future line of Nova class ships for Monaco-based Silversea Cruises, has started its maiden voyage. The ship started its maiden voyage on 14 August, departing Venice, Italy, and will sail on a seven-day roundtrip through the Adriatic. It will call
With record high-voltage order backlog, NKT ups its 2023 financial outlook
NKT has set a record for its high-voltage order backlog in the second quarter of 2023, standing at €7.6 billion, an increase from €7 billion that was reported at the end of Q1 2023. Around 8% of the high-voltage order backlog is expected to be executed in the second half of 2023 and the remaining [&