Business Developments & Projects
TECO 2030, Chart expand agreement on carbon capture solutions
Norway’s cleantech company TECO 2030 and US engineering company Chart Industries have expanded their existing cooperation agreement on Chart’s Cryogenic Carbon Capture™ process technology (CCC), to include Chart’s offer of liquid cryogenic fuel storage and supply systems, as well as Howden’s hydroge
Valaris wraps up rig sale and gets more work for its fleet as offshore drilling market tightens
A deep dive into Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
Probe into incident on North Sea platform underway after worker suffers ‘facial injuries’
Norwegian regulator has launched an investigation into an incident, which led to an injury, on an Equinor-operated platform in the North Sea.
UK politicians see collaboration with oil & gas sector as key to reaching net-zero
OEUK’s survey shows that the majority of MPs believe the UK can achieve its net-zero goals by collaborating with the oil and gas industry.
Wavepiston starts final factory acceptance tests and assembly of wave energy collectors
Danish company Wavepiston has made progress on the assembly and testing of its wave energy collectors ahead of deployment offshore Canary Islands.
Rovco launches new business line
Rovco has launched a new dedicated marine site characterization business line in order to, as the UK company states, help address an industry shortfall of companies with the all-round skills and expertise to carry out site consenting surveys before the construction of new offshore installations. The
Saipem to use MHI technologies in CO2 capture plants
Japan’s Mitsubishi Heavy Industries (MHI) has concluded a general license agreement (GLA) with Italian engineering company Saipem under which MHI will provide Saipem with its proprietary KM CDR Process™ and Advanced KM CDR Process™ technologies for use in CO2 capture plants. MHI has been collaborati
Energy Industries Council gets new chairman
As the current chairman is leaving the Energy Industries Council (EIC), a new one has been appointed to take his place.
Robust backlog drives Fugro’s revenue increase
Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up b
Energy transition and geopolitics to ‘weigh heavily’ on oil & gas industry in 2023
GlobalData has revealed that geopolitics and energy transition are the most pressing themes for the oil and gas industry in 2023.
Prosafe on the lookout for new CEO as current one steps down
Prosafe has embarked on a quest to find a new CEO, as its current one decided to resign after more than six years in the role.
Dynacom goes big, orders 10 LR2 tankers from DSIC
Greek shipowner Dynacom Tankers Management has reportedly ordered ten 115,000 dwt Long-Range 2 tankers at China’s Dalian Shipbuilding Industry (DSIC). The LR2 tankers will begin to deliver in the second half of 2025 and continue throughout 2026, Clarksons Shipbrokers said in a weekly report. Broker
Purus Marine orders ammonia-ready LPG quartet at Hyundai Mipo
Purus Marine, a rapidly expanding UK-based shipping company, has placed an order for four new LPG carriers with a capacity of 45,000 cubic meters each. The vessels will be equipped with scrubber technology and built by Hyundai Mipo in South Korea, with delivery expected from the second half of 2025
UK firm strengthens rental fleet with Webtool cutter duo
UK-headquartered Subsea Technology & Rentals (STR) has strengthened its rental fleet with the addition of two high-performance Webtool cutters. The HCV275 and RCV160 cutters can be deployed at subsea level, either mounted, operated by a remotely operated vehicle (ROV), or onboard a vessel for planne