Business Developments & Projects
NEOT inks charter deal for Terntank’s wind/methanol-ready tankers
North European Oil Trade (NEOT), a Finland-based group specializing in oil and bioproducts sale in the Nordic countries, has signed a charter agreement with Terntank for the shipping company’s two wind/methanol-ready hybrid tankers. Swedish shipping company Terntank placed an order for two plus two
Former BP exec joins Oil Spill Response Limited as CEO
Oil Spill Response Limited (OSRL) has welcomed a new CEO, who previously worked in various executive positions at BP.
UK oil & gas player promotes from within to fill CEO role
UK-headquartered and AIM-listed oil and gas player Europa Oil & Gas picked a new Chief Executive Officer (CEO), after its current one decided to resign.
Aker Solutions places major order with Spanish provider of umbilical tubes
Norwegian oilfield services provider Aker Solutions has selected Spain-headquartered Tubacex as the delivery partner for umbilical tubes for projects on the Norwegian Continental Shelf (NCS). Under the agreement, Tubacex will deliver a total of 1,000 kilometers of umbilical offshore tubes to Aker So
Another vessel leaves Solstad’s fleet for new owner
Solstad Offshore has sold an anchor handling tug supply (AHTS) vessel to a buyer, whose identity has not been revealed.
Nel nets electrolyser equipment order from HH2E
Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, and German HH2E have signed a contract for 120 MW of alkaline electrolyser equipment, with a value of approximately €34 million. The contract follows a Front End Engineering and Design (FEED) study and a Letter of Intent (LoI) from the two
With ‘abundance of gas pay’ uncovered, two more Black Sea wells coming online in March
Canada’s oil and gas player Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
Hapag-Lloyd CEO: If we do order ships, it will be smaller classes and alternative propulsion
German liner heavy-weight Hapag-Lloyd is not planning any significant orders this year in the newbuilding space, especially not in the ultra-large containership sector. Speaking earlier today in a virtual live session, Hapag-Lloyd CEO Rolf Habben Jansen said that if the company does move forward wit
Grieg Star shares ‘surprising’ findings of a study involving retrofitting deep-sea ships to ammonia
A group of cross-industry experts, led by Grieg Star, has conducted a study involving the potential retrofitting of an open hatch vessel to run on green ammonia. Initial findings of the study said that elements perceived as challenges turned out not to be barriers or present major risks for moving f
Multiple vessels set to swarm Dogger Bank A & B area for subsea ops
Several subsea operations are scheduled to soon commence at the sites of the first two phases of the Dogger Bank Wind Farm, currently under construction off the North East coast of England. Later this month, NKT will begin nearshore intervention works in support of the installation of the Dogger Ban
How is European and U.S. oil majors’ energy transition journey shaping up?
While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.
Acteon launches cloud-based platform for subsea assets and data
UTEC, a Geo-services brand that is part of Acteon, has launched a cloud-based platform that gives the offshore energy industry a 360° visualization of subsea assets and data. Through iSite Subsea, users can source, view, manage and report on seabed, survey and asset data, as well as interrogate and
Wavepiston teams up with French firm to develop wave energy project in Martinique
Danish wave energy company Wavepiston has signed an agreement with French firm YS Energies Marines Developpement (YS EMD) to develop a wave energy project in Martinique. The two companies have formed a partnership to co-develop the project that aims to provide clean energy for the local communities.
Hapag-Lloyd: Our alliance is strong and stable
Following the recent announcement of the split between Maersk and MSC on their 2M Alliance in 2025, questions are being raised on how this might affect other container shipping alliances on the market. In January this year, container shipping giants MSC Mediterranean Shipping Company (MSC) and Maers