Business Developments & Projects
Fresh batch of offshore contracts brings Saipem $650 million
Saipem has been awarded three new offshore EPCI contracts and two FEED competition deals, totalling approximately $650 million.
Ocean Installer and Baker Hughes join hands for integrated subsea engineering solution
Marine construction and operations contractor Ocean Installer and energy technology company Baker Hughes have formalized an alliance to deliver an integrated subsea engineering solution said to provide efficiencies from project appraisal through to operations. The new global agreement is expected to
Technip Energies secures pre-FEED contract for Hy2gen’s Courant project
Green hydrogen production company Hy2gen has commissioned engineering and technology company Technip Energies to complete a pre-FEED study for its renewable hydrogen and renewable ammonia project, named Courant, located in Baie Comeau, Quebec, Canada. The pre-FEED phase for the project started at th
Elenger receives LNG from the United States via Finland’s Inkoo terminal
Dutch energy and commodities company Vitol has delivered the first LNG cargo to Elenger, one of the largest private energy companies in the eastern Baltic Sea region, via Finland’s new import terminal in the port of Inkoo. According to Vitol, the cargo was delivered on 2 April and it came from its p
Petrofac’s new chief executive officially takes over
McDermott’s Tareq Kawash has officially taken over the role of Group Chief Executive and Executive Director at Petrofac after Sami Iskander stepped down in order to pursue other interests. The oilfield services provider confirmed that the new group chief executive started the role as of 1 April and
J. Lauritzen books methanol dual-fuel bulkers in Japan
J. Lauritzen, a Danish investment company focused on maritime industries, has signed a letter of intent (LoI) with Japanese shipbuilder Tsuneishi Shipbuilding for the construction of methanol dual-fuel bulk carriers. The LoI includes the construction of minimum two methanol dual-fuel 81,200 dwt Kams
Turkey’s 1st LNG dual-fuel tugboat starts taking shape
Turkish Uzmar Shipyard has held a steel-cutting ceremony for Turkey’s first dual-fuel tugboat, being built for BOTAŞ Petroleum Pipeline Corporation (BOTAS), the state-owned crude oil and natural gas pipelines and trading company. The shipyard will build two Voith tractor-type propeller tugboats that
Statkraft to provide renewable power for Fortescue’s Holmaneset green project
Fortescue Future Industries (FFI), a global green energy company, has secured renewable power for its proposed Holmaneset green energy project by entering into a long-term power purchase agreement (PPA) with Statkraft, a supplier of renewable energy. Under the conditional agreement, Statkraft is exp
Olympic Subsea multipurpose vessel starts charter with James Fisher
James Fisher Subtech has signed a charter agreement with Olympic Subsea for the exclusive use and operation of the multipurpose offshore vessel Olympic Taurus. Olympic Taurus has already been mobilized for work from Montrose Port, Aberdeenshire, and fitted with a work-class remotely operated vehicle
After appointing new CEO, UK oil & gas firm names COO and executive director
UK and Ireland-focused oil and gas exploration, development, and production company Europa Oil & Gas (EOG) has appointed Alastair Stuart as Chief Operating Officer and an Executive Director of the company, effective immediately. Stuart has been a consultant at Europa Oil & Gas since 2012 and more re
In focus: Net-zero future needs a jigsaw of solutions, with CCS acting as linchpin
Achieving a net-zero future is a challenging task for all countries around the globe. The problematic pieces of the energy transition jigsaw need to shrink as renewable energy sources continue to be explored, expanded and nurtured through new investments.
King Charles III and German president voice support for NeuConnect energy link
The NeuConnect energy link that will connect Germany and the UK for the first time is a “key project” and highlights how closely the two countries are working together to make their economies climate-neutral, German President Frank-Walter Steinmeier said during the visit of UK’s King Charles III to
H2Carrier and Trelleborg to work on ship-to-ship ammonia transfer solutions
Norway’s H2Carrier and Sweden’s Trelleborg Gas Transfer have signed a Memorandum of Understanding (MoU) to cooperate on ship-to-ship ammonia transfer solutions. The two companies will collaborate in developing a safe, reliable, and efficient solution for side-by-side offloading of ammonia when opera
Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders
Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok