Business Developments & Projects
Fred. Olsen 1848’s new solution targets near- and offshore floating solar
Oslo-headquartered Fred. Olsen 1848 has launched a new solution said to unlock the potential of near- and offshore floating solar by allowing PV modules to move freely and independently. The solution named Bolette is said to be capable of handling high wave loads in combination with wind, which repr
Norway’s gas output nosedives while oil grows
Norway’s gas output has fallen below the one recorded during the month before, last year, and the NPD’s forecast.
Assignments for two Havila vessels prolonged
Norwegian offshore vessel operator Havila Shipping has secured contract extensions for two of its platform supply vessels (PSVs).
UK and Norway’s energy transition tale spotlights oil & gas electrification, offshore wind, CCS, and hydrogen as main chapters
Westwood has looked at the UK and Norway’s net-zero targets and steps being taken to decarbonise the oil and gas industry.
Gasgrid Finland launches market consultations for national hydrogen infrastructure
As part of its task to develop national hydrogen infrastructure, international cooperation and hydrogen market around the Baltic Sea region, state-owned transmission system operator Gasgrid Finland has organised a non-binding market consultation for industrial actors to gain insight into their hydro
Subsea 7’s offer to acquire DOF’s entire issued share capital about to expire
Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering [&h
Wave power for subsea equipment demo grabs oil & gas industry’s attention
European and Asian energy companies have paid a visit to a demonstration project for powering subsea equipment with wave power and subsea energy storage, led jointly by Mocean Energy and Verlume with other consortium partners, in Orkney. The €2.3 million (£2 million) project, called Renewables for S
Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges
The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.
BAR Technologies wins DNV’s type approval
UK tech provider BAR Technologies (BARTech) has been awarded a full Type Approval Design Certificate (TADC) for its wind propulsion technology – BAR Technologies WindWings by Yara Marine Technologies (WindWings) – from classification society DNV. Since being awarded an Approval In Principle (AIP) fo
PowerCell, e1 Marine and Maritime Partners test first methanol-to-fuel cell power chain
Hydrogen fuel cell supplier PowerCell Group and methanol-to-hydrogen technology firm e1 Marine, in partnership with RIX Industries, have conducted a string test of their respective technologies for a 200kW propulsion chain as part of the validation of Maritime Partners LLC’s M/V Hydrogen One inland
Gas found at TotalEnergies’ UK well but volumes most likely sub-commercial
TotalEnergies has finished drilling a prospect off the coast of the United Kingdom (UK), using one of Transocean’s semi-submersible rigs.
ORLEN’s Grażyna Gęsicka to deliver its first LNG cargo to Poland
The second gas carrier from the ORLEN Group’s fleet has sailed from the US to Poland with a cargo of approximately 65,000 tons of liquefied natural gas (LNG). The carrier Grażyna Gęsicka, loaded at the Freeport terminal in the US, set off on 17 June for its first voyage, and is expected to reach Świ
Teekay Tankers brings FuelOpt installation across 29 tankers
Oil shipping company Teekay Tankers has signed agreements to equip 25 additional tankers with Yara Marine Technologies’ FuelOpt propulsion optimization technology. The order follows the installation and evaluation of FuelOpt onboard Zenith Spirit in 2021, followed by a further three vessels in 2022.
Multi-million euro decom deal brings work on 13 offshore wells to UK player
THREE60 Energy has secured a well decommissioning contract to plug and abandon multiple offshore wells in Europe.