Business Developments & Projects
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.
Venture Global and SEFE ink 20-year LNG supply deal
US-based Venture Global LNG and Germany’s Securing Energy for Europe (SEFE) have entered a long-term sales and purchase agreement (SPA) under which SEFE’s subsidiary WINGAS will purchase 2.25 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from CP2 LNG, Venture Global’s third project,
Revamping overlooked emissions contributor to imbue energy transition with greener vigour
There are some components in the energy industry, which are being largely overlooked during the transition to low-carbon and green sources.
The Netherlands forms green hydrogen partnership with Namibia
The Netherlands and Namibia have formed a partnership to cooperate on green hydrogen infrastructure that will lead to new hydrogen supply chains from Lüderitz to Rotterdam and its hinterland. Namely, the Port of Rotterdam, Gasunie, Invest International, the Government of the Republic of Namibia (GRN
Construction of Hoegh Autoliners’ Aurora-class ships ahead of schedule
The construction of new multi-fuel and zero-carbon ready Aurora-class vessels of Norwegian RoRo shipping company Höegh Autoliners is progressing ahead of schedule, the company said in an update. The company’s Chief Operating Officer, Sebjørn Dahl, recently returned from a visit to China Merchants He
New initiative brings together CEOs and investors to speed up clean hydrogen industry
New Joint Forum, an initiative that will foster a dialogue between industry leaders and investors to advance decarbonisation with clean hydrogen and derivatives, has been launched. The Joint Forum was launched on 22 June by the Hydrogen Council, a global coalition of CEOs with a united vision and lo
New drilling jobs on four North Sea platforms for KCA Deutag
KCA Deutag has secured new contracts and extensions with a total value of over $70 million in the UK sector of the North Sea.
Ørsted launches its own uncrewed surface vessel for metocean campaigns, USV also validated as floating LiDAR
Ørsted has designed and developed its own uncrewed surface vessel (USV) for offshore metocean measurement campaigns. The USV, which has also achieved DNV’s type validation as a floating LiDAR system, is set to enter serial production. The company, whose employees invented the concept which has now b
Marine fuel groups call on IMO to develop policies for sustainable fuels
A group of fuel production stakeholders, including H2Carrier and MAN Energy Solutions, has called on the International Maritime Organisation (IMO) to develop policies that incentivize the production and adoption of sustainable fuels.
New UK operator taking the helm at North Sea oil project
Jersey Oil & Gas has completed the farm-out deal for a partial stake in an asset on the UK Continental Shelf (UKCS) to NEO Energy.
Second Hollandse Kust West Alpha subsea cable in place
Jan De Nul, together with its partner LS Cable & System, has completed the installation of the second subsea cable for the Hollandse Kust West Alpha offshore wind farm grid connection off the coast of Egmond aan Zee for TenneT. The subsea cable installation was carried out by the cable-laying vessel
Norden inks order for six Supramaxes with DACKS
Danish shipping company Norden has placed a newbuilding order for six Supramax dry cargo vessels with Dalian COSCO KHI Ship Engineering (DACKS), a joint venture between COSCO Shipping and Kawasaki Heavy Industries. The 64,000 dwt vessels are slated for delivery in the next two to three years. “Placi
Oman sees signing of two new green hydrogen project agreements
Hydrom, a subsidiary of Energy Development Oman SAOC (EDO), has entered two new agreements awarding green hydrogen projects in Oman. The agreements were signed with the winning bidders of round 1 of the Oman green hydrogen auction process during an event organised by Hydrom. This auction process pro
Scottish firm gets financial push to grow offshore renewables offering
Orkney-based Green Marine has secured financing from Siemens Financial Services (SFS) with the aim of growing its offshore renewables offering. Green Marine stated that it was seeing a rapid growth opportunity driven by a massive increase in global interest in green energy sources and many businesse