Business Developments & Projects
QED Naval eyes tidal resources on UK South Coast with new base
Scottish marine energy company QED Naval has established an operations base on the UK’s South Coast with the aim of pursuing tidal resources in the area. QED, as part of its EU Interreg Tiger Project, established an operations base at Langstone Harbour, near Portsmouth, to tap into what it says are
In focus: New fuels to speed up shift to greener energy
As the race to decarbonize the industry continues it’s becoming more and more evident that green fuels are essential for the much-needed energy transition and will surely play a pivotal role in the road towards net zero. Green methanol is rapidly emerging as a transformative marine fuel, leading the
Another patent in for Argeo
Argeo Robotics has secured a new patent from the Norwegian Industrial Patent Office (Patentstyret), this time for a subsea electromagnetic remote-sensing system for detecting buried objects below the seafloor. The patent protects Argeo’s exclusive services with the Argeo Whisper system for detecting
Stolt-Nielsen names new CEO
After 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO of Stolt-Nielsen, a Norwegian company specializing in chemical and bulk liquid transportation and storage, on September 1, 2023. He will be succeeded as CEO by Udo Lange and will assume the role of
Transocean tasked with tackling nonconformities regarding blowout preventers
Norwegian offshore safety regulator has carried out an audit of Transocean Services and its processes for following up certification and recertification of drilling blowout preventers (BOPs) with control functions.
Golar sees growth in FLNG business as floater Gimi readies to leave yard
In its Q2 2023 report, Golar LNG, owner and operator of LNG midstream infrastructure, has announced growth in its FLNG business. The company revealed that conversion works on FLNG Gimi are 97% complete, with the floater scheduled to leave the yard in September 2023. Final checks, storing up and sea
Op-ed: Harnessing the power of the seas – an expert opinion on the future of marine energy in Wales
Professor Ron Loveland, Energy Advisor to the Welsh government, has shared his expert opinion on the future of marine energy sector in Wales.
75-meter research vessel joins TDI Brooks’ fleet
TDI-Brooks has added a new 75-meter-long research vessel to its fleet that is set to perform subsea services once it completes a retrofit program. Nautilus, formerly Nautical Geo, offers offshore assistance with subsea services, construction aid, exploration, production, remotely operated vehicle (R
Equinor getting ready for drilling ops with Odfjell rig
Equinor has secured a drilling permit from the country’s authorities for two wells in the Norwegian Sea.
Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?
The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ
BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU
Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra
Thyssenkrupp Uhde to run feasibility study for Han-Ho H2 hub project
Thyssenkrupp Uhde, a Germany-based subsidiary of Thyssenkrupp that specializes in chemical engineering, has been engaged by Ark Energy, an Australian renewable energy company, on behalf of the Han-Ho H2 consortium, to deliver a feasibility study to support the development of the Han-Ho H2 hub projec
Sustainable Marine Energy sinks into administration
The Edinburgh-based tidal energy company Sustainable Marine Energy has been placed into administration, appointing joint administrators of accountancy and business advisory firm Johnston Carmichael to lead the process.
Subsea upgrade on the agenda for Equinor’s Norwegian Sea duo
Norway’s state-owned energy giant Equinor has received consent from the Petroleum Safety Authority (PSA) to use upgraded subsea compression facilities on two fields located in the Norwegian Sea. PSA reported on 9 August that it had given its approval to Equinor to use upgraded subsea compression fac