Business Developments & Projects
Odfjell Drilling-managed rig hired to spud North Sea prospect
DNO Norge has picked one of the Odfjell Drilling-managed rigs for the drilling of a prospect in the North Sea off Norway.
Reach Subsea extends charter of 2007-built subsea vessel
Norway-headquartered Reach Subsea has extended the charter of Olympic Subsea’s multifunctional subsea support and construction vessel Olympic Triton. Following a six-month charter of the vessel announced on 6 February, Reach Subsea reported that it had exercised the option to charter the 95-meter-lo
Rotor sails and voyage optimization yield up to 28 pct CO2 cuts, study finds
The combination of NAPA Voyage Optimization with the Norsepower Rotor Sail™ can deliver emissions reductions of 28%, on average, on the Atlantic route between New York and Amsterdam, a study has found. The findings are part of a simulation project carried out in cooperation with Norsepower, a Finlan
Platform supply vessel secures more time with Repsol
Golden Energy Offshore Services (GEOS) has won another contract extension for one of its PSVs with Repsol.
Shell gives three-year deal for its global projects to Worley
Shell Global Solutions International has picked Australia’s engineering company Worley to support its projects across the globe.
Will Labour’s plans to turn Britain into renewables’ superpower shut down UK’s oil & gas sector?
The UK’s Labour has set its mind on bringing new oil and gas exploration in UK waters to an end while ushering in a green energy future.
Flexens expands its Kokkola project, plans hydrogen production alongside ammonia
H2Cluster Finland, a network of companies and industrial associations, has revealed that its member, the Finnish project developer Flexens, aims to start green hydrogen production with a capacity of 350 megawatts (MW) and integrate it with green ammonia production. Specifically, the company plans to
Another preferred bidder status for Prysmian in the UK
Cabling giant Prysmian has been selected as the preferred bidder for the Eastern Green Link 1 (EGL1) cable connection in the UK. The news came shortly after it was revealed that the Italian company had been selected for Eastern Green Link 2 (EGL2). Great Britain transmission grid owners SP Transmiss
CorPower sings praises for Portuguese wave energy suppliers
CorPower Ocean has named a Portuguese company as its ‘supplier of the year’ in recognition of the role it played in the development of its first commercial-scale wave energy converter, soon to be deployed offshore Portugal.
Eni, RINA to boost energy transition and decarbonisation of maritime transport
Energy major Eni and classification society RINA have signed an agreement to jointly develop initiatives that can contribute to the energy transition and decarbonisation of their respective operations and particularly maritime transport. According to Eni, the agreement focuses on the use of HVO (hyd
Repurposing oil & gas infrastructure to harness offshore wind power
Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.
Energinet and Evida tasked with owning and operating Danish hydrogen infrastructure
The Danish government has selected state-owned companies Energinet and Evida to own and operate the backbone of the country’s future hydrogen infrastructure. On 23 May, the Danish Ministry of Climate, Energy and Utilities revealed the agreement signed by the government and supporting political parti
Norwegian authority looks into Northern Lights CCS project
The Petroleum Safety Authority Norway (PSA) has completed an audit of the joint venture behind the Northern Lights carbon capture and storage project (CCS) and some of its elements. The PSA conducted an audit of the Northern Lights joint venture and the follow-up of pipelines and subsea facilities i
Ocean Yield trims sails, signs up for up to 9 ammonia-ready Newcastlemaxes with CMB
Norwegian shipowner Ocean Yield has finalized the terms of its previous announcement on the acquisition of up to ten ammonia-ready Newcastlemax dry bulk newbuildings. Namely, in its latest announcement, the company said it had agreed with the charterer to finalize the transaction scope at eight or n