Business Developments & Projects
Norway sees ‘considerable potential’ for further oil & gas exploration in Barents Sea
The Norwegian government believes that the Barents Sea contains more undiscovered hydrocarbons, thus, more exploration is encouraged.
Another Solstad vessel makes ‘considerable’ fuel and emission cuts
Solstad Offshore’s construction vessel has managed to save “considerable amounts” of fuel and reduce emissions on its way home from a project in West Africa, the Norwegian company reported. The 157-meter-long Normand Vision managed to save 150 tons of fuel on the transit, Solstad said, adding that i
Repsol’s North Sea field secures life extension
Repsol has received consent from Norway’s offshore safety regulator for the life extension of a field in the North Sea off Norway.
‘Terrible maritime chapter’ closes as Fugro locates 80-year-old WW2 shipwreck
Fugro has taken part in a mission to locate the wreck of a World War II ship 81 years after sinking, reported as one of the worst international maritime disasters in history. Fugro started the search for the Montevideo Maru transport ship on 6 April onboard the hydrographic survey vessel Fugro Equat
Equinor cleared to dispatch Odfjell Drilling rig for ops in Norwegian Sea
Equinor has received consent from Norway’s regulator to use one of Odfjell Drilling’s rigs for drilling ops in the Norwegian Sea.
Navigator Gas signs gender diversity-linked loan facility agreement
Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V
Saipem slapped with regulatory order for semi-sub rig after audit finds ‘serious’ breaches
The Norwegian offshore safety regulator has carried out an audit of Saipem and followed it up with an order.
Argeo inks contract extension for Hugin AUV
Marine survey contractor Argeo has signed a contract extension for the Hugin 6000 autonomous underwater vehicle (AUV). The project, which started on 1 September 2022 with a minimum guaranteed duration of six months and a six-month extension, has now been extended to 1 March 2024. The initial contrac
DORIS wins FEED contract for XFuel’s modular energy conversion facilities
XFuel, a sustainable drop-in fuels producer, has engaged DORIS, an engineering, advisory, and project management services company, to provide front-end engineering and design (FEED) support for its modular energy conversion facilities. DORIS said it will support XFuel’s in-house engineering team to
Shelf Drilling secures work in Norway for recently acquired jack-up rig
Shelf Drilling has been awarded a new contract for one of its jack-up rigs by Equinor for operations on the Norwegian Continental Shelf.
Global Marine CEO takes the helm of UK subsea cable producer
UK-based high-voltage direct current (HVDC) cable manufacturer and installer XLCC has appointed a new chief executive officer (CEO) from Global Marine Group to drive business growth. According to XLCC, the appointment of Ian Douglas as CEO takes the company into the next phase of its evolution, the
Carnegie steps up testing activities for CETO wave energy device
Carnegie Clean Energy has made progress in testing and validation of its CETO wave energy device as part of the second phase of the EuropeWave project.
Reederei Nord books 2+2 feeders at CSSC Huangpu Wenchong Shipbuilding
Hamburg-based shipping company Reederei Nord Group has signed a contract with CSSC Huangpu Wenchong Shipbuilding Co., Ltd., a subsidiary of China Shipbuilding Corporation, and China State Shipbuilding Industry Trading Corporation for the construction of 2+2 1,900TEU container ships. The project invo
In focus: Strengthening cooperation on clean energy and environmental protection
New projects in the transformation of the offshore energy sector are here. In this process, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. The European Union (EU) and Norway recently formed a Green Alliance to strengthen their