Business Developments & Projects
UK firm hits pause on North Sea drilling ops amidst buffeting winds of gas market volatility
IOG has decided to put on hold the previously planned drilling activities in the North Sea, which were expected to be undertaken with Shelf Drilling’s rig.
EDF opens 20MWp floating solar power plant in France
The EDF Group has opened the Lazer floating solar power plant, the first facility of its type to be constructed in France by subsidiary EDF Renewables, and the first to combine solar and hydroelectric power generation at a single site.
QED Naval names new chairman
Scottish marine energy company QED Naval has appointed Gordon McIntosh as its new chairman.
Grimaldi launches ‘green giants’ on the Venice-Bari-Patras line
Starting today the freight transport between Italy and Greece, the regular ro-ro line operated by the Grimaldi Group between Venice, Bari and Patras, will be served by two of the company’s “green giants”, the hybrid vessels Eco Catania and Eco Malta. The Neapolitan shipping group, in synergy with th
In focus: Plotting the course of green transition as heat waves strain energy sources
Human-caused global warming has increased the intensity and duration of heat waves all around the world. Scientists indicate that the heat waves will become even more intense in the future. As the world struggles to take a fresh breath from record-breaking high temperatures, the offshore energy sect
AURELIA’s green retrofit package gets RINA’s nod
A green retrofit package solution designed by Dutch ship design company AURELIA in partnership with Econowind, Wattlab and Vertom has secured an Approval in Principle (AiP) from the Italian classification society RINA. The solution incorporates rigid sails, solar panels, batteries, optimized weather
KCC seals deal for 3 wind-assisted CABU III ships
Norway-based shipowner Klaveness Combination Carriers ASA (KCC) has concluded the shipbuilding contract for the construction of three third-generation CABU vessels with Jiangsu New Yangzi Shipbuilding Co. Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co. The contract is in line with the Letter of Inten
Prysmian’s new cable-laying vessel named after famous painting
Italy’s cabling giant Prysmian has selected the name for its new cable-laying vessel (CLV), said to reflect a strong connection with its sister vessel Leonardo da Vinci. The new 171-meter-long CLV, currently being built by Vard in Romania, will be named Monna Lisa. The name was chosen through an int
Eni and Vår Energi paying $4.9 billion for Neptune’s entire oil & gas portfolio, bar German business
Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.
Well perforation unleashes more Black Sea gas
Trillion Energy has wrapped up recompletion work at the third well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea
Belgian company wins Dutch export cable route survey contract
GEOxyz has been selected by the Dutch-German transmission system operator (TSO) TenneT to carry out geophysical and geotechnical surveys for the export cable route for the Nederwiek III offshore wind farm (NW3) in the Netherlands. The Dutch Ministry of Economic Affairs and Climate and TenneT are pla
Yara Clean Ammonia and Bunker Holding to collaborate on ammonia as shipping fuel
Yara Clean Ammonia (YCA), a subsidiary of Norwegian fertiliser company Yara International, and marine fuels trader Bunker Holding Group have signed a memorandum of understanding (MoU) to collaborate on the development of the market for clean ammonia as a shipping fuel. The MoU will see the two compa
Developer of Italy’s first offshore wind farm exploring environmentally friendly solutions for floating wind project off Sicily
Renexia, the company behind Italy’s first offshore wind farm and the first to be built in the Mediterranean Sea, has contracted Seas Geosciences to study the most environmentally sustainable mooring and anchoring solutions for Med Wind, a 2.8 GW floating wind project proposed to be built in the Stra
On fleet expansion quest, Dolphin Drilling snaps up two Transocean rigs
Dolphin Drilling is in the process of buying two rigs from Transocean for a total of $61.5 million, plus an additional $3 million.