Business Developments & Projects
EU expands list of approved ship recycling yards
The European Commission adopted the 11th edition of the European List of ship recycling facilities, which has been updated with three new yards located in Türkiye. The facilities in question are Anadolu Gemi Söküm Orman Ürn. Gida Tur. Nak, San. Ve Tic. A.Ş., BMS Gemi Geri Dönüşüm San Ve Tic. A.Ş. an
Spanish firm begins another survey for first UK-Germany energy link
An environmental survey is about to commence on the UK side of an interconnector that will link the UK and Germany for the first time. Spain’s Geociencias y Exploraciones Marítimas (GEM) will perform a survey of the route for the installation of the NeuConnect Interconnector, nominally 705 kilometer
North Sea gas supports both energy security and net-zero goals, says UK regulator
North Sea Transition Authority’s new analysis shows that domestically produced gas is significantly cleaner than the imported LNG.
In focus: Spotlight on hydrogen valleys, blue economy startups and concepts
As the world faces record-breaking high temperatures, the offshore energy sector is trying to stay on the net-zero course – embracing its extensive role in the energy transition. In this process, the industry is dealing with the following goals: to provide energy that is secure, affordable and lower
‘Major’ modification work at Norwegian offshore platform is a go
Norwegian offshore safety regulator has given Equinor consent to carry out modifications at a platform operating on a field in the Norwegian Sea.
Equinor receives nod for North Sea drilling ops
Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway, using a KCA Deutag Drilling-managed rig.
Eni’s profit cut nearly in half but progress made on enlarging natural gas portion of global portfolio
Eni has revealed solid performance in 2Q and 1H 2023, despite its results being affected by a steep drop in oil and gas prices.
RTE issues UXO survey services call for wind projects offshore France
French transmission system operator Réseau de Transport d’Electricité (RTE) has issued a contract notice seeking contractors to perform unexploded ordnance (UXO) survey for the connection of the AO6 Méditerranée and AO7 Oléron offshore wind farms. Through this contract notice, RTE’s objective is to
Fourth LNG dual-fuel VLCC joins Maran Tankers fleet
Maran Tankers Management (MTM), an oil tanker shipping unit of the Greek Angelicoussis Shipping Group, has welcomed the fourth dual-fuel (DF) very large crude carrier (VLCC), Maran Dione, to its fleet. On its social media, the Angelicoussis Shipping Group stated that the delivery is the last of the
OCI Global to supply X-Press Feeders with green methanol after Maersk success
Dutch producer and distributor of hydrogen-based products OCI Global will supply Singapore-based shipping company X-Press Feeders with OCI HyFuels green methanol for their new-build methanol dual-fueled common feeder ships. OCI Global said that this was the first green methanol deal with a feeder co
Pipes for second phase of giant Black Sea gas project to come from Italy
Luxembourg-headquartered manufacturer of pipes and related services Tenaris has secured a contract to supply products for a giant natural gas project in the Black Sea in Türkiye. Tenaris will supply pipes and services for phase II-A of the Sakarya gas field development, operated by Turkish Petroleum
TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub
Safe Bulkers welcomes 4th newbuild, advances eco upgrades
Monaco-based dry bulk shipping company Safe Bulkers has taken delivery of MV Climate Justice, a GHG Phase 3-NOX Tier III compliant Post-Panamax vessel. The 87,300 dwt bulker, sailing under the Cyprus flag, was built by Oshima Shipbuilding from Japan and is classed by DNV. The newbuild is fitted with
Sailing community leaps towards greener future as first hydrogen-run coach boat hits water
At the 2023 World Sailing Championships in The Hague, Netherlands, Dutch sailing organization Watersportverbond will introduce its first-ever emission-free, hydrogen-powered coach boat, the H2C Boat. According to German electric drive system provider Torqeedo, the boat, equipped with its Deep Blue e