Business Developments & Projects
Keel laid for Prysmian’s new cable-laying vessel
Prysmian and Vard have held the keel-laying ceremony for Prysmian’s new 171-meter cable-laying vessel which is set to start commercial operations by April 2025. The new vessel is identical to the Leonardo da Vinci, which was designed with input from Prysmian’s technicians and engineers. Prysmian exe
NEO Energy farming into UK player’s North Sea oil project
Jersey Oil & Gas (JOG) has agreed to farm out a partial stake in an asset on the UK Continental Shelf (UKCS) to NEO Energy.
United States’ San Juan Islands set sights on tidal power for local energy resilience
An electric utility providing services to San Juan County in the US state of Washington has started exploring the feasibility of developing a tidal energy project that would provide another layer of energy resilience for the island communities in the Salish Sea.
Shell, Harbour Energy to be hit as 150 contractors prompt ‘tsunami’ of offshore strike action
Over 20 oil and gas platforms are expected to bit hit as around 150 Sparrows Offshore Services’ contractors are set to start strike action from today, 5 April, UK’s Unite the union reported. A series of stoppages will continue up to 9 June by Sparrows’ contractors in a dispute over pay. The strike a
France gets its first offshore solar farm
French start-up SolarinBlue has deployed two offshore floating solar units in the Mediterranean sea as part of the Sun’Sète project, which aims to supply clean electricity to one of the 10 biggest French ports.
Subsea Technology & Rentals targets stronger APAC presence with new facility
Subsea Technology and Rentals (STR) has made an investment into new premises in Singapore, triple the size of the previous facility, as part of the goal to strengthen its presence in the APAC region. STR has moved to a larger 10,000 square feet facility, three times the size of its previous premises
MacGregor bags €20M RoRo equipment order for Grimaldi’s ammonia-ready PCTCs
MacGregor, part of Cargotec, has received a repeat order for comprehensive packages of roll-on/roll-off (RoRo) equipment for a total of five pure car and truck carriers (PCTCs) under construction for the Italian shipping company Grimaldi Group. The vessels with a loading capacity of over 9,000 CEU a
GTT wins DSME LNG carrier tank design order
French LNG containment specialist GTT has received two orders from its partner the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of new liquefied natural gas carriers (LNGCs). According to GTT, the orders were made in the first quarter of 2023 for a total
Modus Subsea Services gets £5 million term loan
UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Fredriksen takes lion’s share in Euronav
Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities
Técnicas Reunidas unites with Cetaer for development of e-methanol plant
Técnicas Reunidas, an engineering company, and Cetaer, a company with a goal to bring innovation projects to commercial scale in the transport sector, have signed a collaboration agreement for the development of an e-methanol plant to be built in Almería, Spain. According to Técnicas Reunidas, the f
North Sea helicopter services provider changes hands
South Africa-headquartered aviation industry player Ultimate Aviation has completed the acquisition of North Sea-focused helicopter services provider for the oil & gas industry Offshore Helicopter Services (OHS). The acquisition is effective immediately and will see OHS continue operating under its
Linde and ExxonMobil sign carbon dioxide offtake agreement
Linde, an industrial gases and engineering company, has made a long-term agreement with ExxonMobil, an energy and petrochemical company, for the offtake of carbon dioxide associated with Linde’s new clean hydrogen production in Beaumont, Texas, US. Under the terms of the agreement, ExxonMobil is exp
UK oil & gas firm expanding its portfolio with more North Sea fields and prospects
Viaro Energy, through its wholly-owned subsidiary RockRose Energy, has entered into a farm-in agreement with Hartshead Resources.