Business Developments & Projects
With probe into gas leaks on North Sea platform done, Equinor gets regulatory order
Norwegian offshore safety regulator has finished investigating gas leaks on one of the Equinor-operated platforms located in the North Sea.
Researchers test novel floating solar technology as part of PORTOS project
Researchers from the universities in Portugal and Spain have joined forces to test novel technology designed to harvest solar resources of the marine environment as part of the PORTOS project.
Offshore wind shines bright for Fugro yet again
Fugro has reported a revenue of €1.76 billion for the whole year of 2022, representing a 14.8 per cent growth in comparison to 2021, said to be due to a 42 per cent increase in offshore wind. Infrastructure and oil & gas were also up, with 7 per cent and 9 per cent respectively. Marine […]
Wärtsilä and Höegh LNG renew maintenance agreement
Finnish technology group Wärtsilä has signed a five-year renewal of its existing maintenance agreement with Norway’s Höegh LNG Fleet Management (HLNG). The renewed agreement includes the delivery of spare parts and field maintenance services, as well as Wärtsilä’s latest digital solutions, and exten
Fugro to repurpose platform suppliers into geotechnical vessels
Netherlands-headquartered Fugro is acquiring two platform supply vessels (PSVs) which will be repurposed into geotechnical vessels. Fugro announced the purchase of 2015-built PSVs Topaz Endurance and Topaz Energy as part of its net zero 2035 roadmap. According to the company, these vessels are signi
Island Offshore’s vessel gets more time with Equinor
Equinor has decided to keep one of Island Offshore’s offshore supply vessels (OSVs) busy for seven more months.
Joint venture formed to own and operate 2009-built subsea vessel
Eidesvik Offshore and Reach Subsea have formed a joint venture for the ownership and operation of the subsea inspection, maintenance, and repair (IMR) vessel Edda Sun, with Eidesvik as the majority stakeholder. Through the formation of the JV, the Norwegian companies have partnered up to acquire the
With largest annual backlog since before 2014 woes hit industry, Transocean envisages ‘multi-year upcycle’
Transocean is anticipating further growth in rig demand over the coming years, which will bring higher day rates and fleet utilisation.
Hudong–Zhonghua launches scrubber-fitted Maersk Charleston
Hudong–Zhonghua Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has launched the 15,500 TEU Maersk Charleston. The scrubber-fitted vessel is being built for Hong Kong-based Seaspan Corporation under a contract announced in 2021 covering six 15,500 TEU units. It will be cla
Equinor tasked with tackling five improvement points at Johan Sverdrup
Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified improvement points will be sorted out.
UK government grants £3.8m for world’s first liquid hydrogen autonomous vessel and infrastructure project
The Hydrogen Innovation – Future Infrastructure & Vessel Evaluation and Demonstration (HI-FIVED) consortium led by vessel provider ACUA Ocean in partnership with infrastructure provider Unitrove has won a £3.8 million UK government grant to build and showcase its innovative autonomous vessel and bun
Danish wave energy company reaches crowdfunding target in only one week
Danish company Wavepiston has opened its crowdfunding campaign for overfunding after reaching the initial target of €1.4 million in only one week after the launch of the campaign.
RWE seeks planning approval for Germany’s first hydrogen storage facility for commercial purposes
RWE Gas Storage West has submitted planning approval documents for what is expected to be Germany’s first hydrogen cavern storage facility to be used for commercial purposes. RWE announced the start of the approval procedure, which includes environmental impact assessment, back in April 2022 and pre
New assignment takes DOF vessel to Brazil
DOF Subsea Brasil has secured a contract for the charter of its research and survey vessel (RSV) Geoholm in Brazil.