Business Developments & Projects
Havkraft gets financial backing to advance wave energy business
Norwegian company Havkraft has secured funding support to further advance its wave energy technology and projects.
Lhyfe kicks off construction of its third hydrogen production site
French hydrogen producer Lhyfe, in partnership with AEC Occitanie – the regional agency for energy and climate – has started the construction of its third hydrogen production facility. Following the first two sites in Pays de la Loire (Bouin, Vendée) and in Brittany (Buléon, Morbihan), Lhyfe’s third
BW Offshore offloads FPSO in pursuit of floating energy investments
Norway’s FPSO operator BW Offshore has completed the sale of an FPSO to a buyer, whose name was not revealed.
EverLoNG prototype ship-based carbon capture equipment soon to be installed on TotalEnergies’ LNG carrier
EverLoNG ship-based carbon capture project is nearing an important milestone with the prototype ship-based carbon capture (SBCC) equipment almost ready to be installed on an LNG-powered LNG carrier. According to the project’s update, the SBCC equipment, being built in the Netherlands by Carbotreat,
As windfall taxes make things ‘difficult’ in UK and Dutch sectors, Kistos knocks on Norway’s door with new acquisition
Kistos is entering into the Norwegian Continental Shelf, after reaching a conditional agreement to acquire Norway’s Mime Petroleum.
HydrogenPro teams up with Andritz for green hydrogen solutions in Europe
Technology company and an OEM for high-pressure alkaline electrolysers HydrogenPro and technology group Andritz have entered into a partnership to collaborate on scaling up manufacturing and assembly of electrolysers for the European market. According to HydrogenPro, this non-exclusive partnership w
OEG Offshore buys compatriot subsea cable specialist
UK’s OEG Offshore has acquired compatriot Pelagian, a provider of consultancy, engineering and installation management services to the submarine cable and offshore renewable energy industries. With the acquisition, OEG stated it was better equipped to support the cable sector across different end ma
Norway’s March output brings more oil but less gas
Even though Norway recorded an increase in oil production in all segments in March 2023, the gas production is below the NPD’s predictions.
GTT nets first LNGC tank design order from China Merchants
French LNG containment specialist GTT has received its first order from its new partner the Chinese shipyard China Merchants Heavy Industry-Jiangsu for the tank design of four new liquefied natural gas carriers (LNGCs), on behalf of a European ship-owner. GTT will design the tanks of the four vessel
Danes launch remotely operated towed vehicle for autonomous USV systems
Danish engineering company EIVA has launched a new remotely operated towed vehicle (ROTV) tailored for autonomous unmanned surface vehicle (USV) systems. The ViperFish ROTV is an all-in-one sensor platform for high-resolution data collection by USV, which is said to be able to survey hard-to-reach a
Shell brings North Sea field back online, as FPSO revamp enables gas production alongside oil
Shell has completed the restart of operations at a field in the UK North Sea, after ensuring gas will be produced along with oil.
CMA CGM in takeover talks with Bolloré Logistics
The CMA CGM Group has entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics. CMA CGM said that the negotiations were in line with its long-term strategy, based on the two pillars of shipping and logistics If a deal is reached, the a
Oil & gas work ‘key revenue driver’ for DeepOcean, with offshore wind outlook positive
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 mill
EU gas TSOs launch international tender for hydrogen corridor pre-feasibility study
An international tender for a pre-feasibility study for the Nordic-Baltic Hydrogen Corridor, a cross-border hydrogen project being developed by six European Union (EU) countries, has been launched. Lithuanian gas transmission system operator (TSOs) Amber Grid launched the tender on behalf of its pro