Business Developments & Projects
BMS United, Bunkernet, and SBI merge to form Baseblue
Marine fuel supply companies BMS United Bunkers, Bunkernet, and SBI bunkering BV have entered into a definitive merger agreement to create Baseblue. The trio said that the merger would result in a larger and financially more reliable company. As disclosed, Baseblue will also offer a wider range of s
New owner takes delivery of Solstad CSV
Normand Ships, a wholly owned subsidiary of Solstad Offshore, has delivered the construction support vessel (CSV) Normand Jarl to an undisclosed new owner.
Equinor extends charter of Havila PSV
Norwegian offshore vessel owner Havila Shipping has secured another contract with compatriot oil giant Equinor for one of its platform supply vessels (PSVs). Havila reported on 15 February that Equinor awarded the contract to the PSV Havila Clipper. The contract is for a firm period of six months, i
Enagás and Naturgy plan to build 280MW renewable hydrogen plant
Spanish energy companies Naturgy and Enagás Renovable have presented their project for the construction of a renewable hydrogen plant with a production capacity of up to 280 MW in La Robla. The new plant is scheduled for commissioning in 2026 and will entail an investment of €485 million. it will be
Safe Bulkers keeping eye on the prize with ambitious fleet renewal, eco-upgrades
Monaco-based dry bulk shipping company Safe Bulkers is set to welcome eight eco-newbuilds in the upcoming two years pushing its fleet with improved energy efficiency to 23 ships. The company’s fleet currently consists of 44 vessels, with 12 of them being eco-ships built after 2014, and three of them
Bulkers emerging as champions of wind-assisted propulsion as rotor sails hold sway over WPT installations
Rotor sails lead the way as the preferred solution for shipowners looking to reduce emissions and increase fuel efficiency by tapping into the potential of wind-assisted propulsion on board their ships. According to recent data from the International Windship Association (IWSA), rotor sails have bee
WATCH: Semi-submersible rig sets off to Nigeria to embark on its drilling assignment
One of Dolphin Drilling’s semi-submersible rigs is now on its way to Nigeria, where it will start its new drilling campaign in March 2023.
Scottish company secures over €1M to advance tidal energy turbine
Scottish company Flex Marine Power has been awarded significant funding from the UK government’s Energy Entrepreneurs Fund (EEF) to further develop and demonstrate its low-cost tidal energy turbine.
Equinor awards EPCI Hammerfest LNG contract to Aibel
Norway’s energy company Equinor has granted compatriot energy services company Aibel an engineering, procurement, construction, and installation (EPCI) contract for Hammerfest LNG modifications in connection with the Snøhvit Future project. The contract, awarded on behalf of the Snøhvit partnership,
Jack-up rig goes back to previous Black Sea well, as earthquakes delay delivery of tools
Trillion Energy has moved back to the previous well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
Ocean Sun, Statkraft upgrade Albania’s first floating solar plant to 2MWp
Europe’s largest renewable energy generator Statkraft, in collaboration with Norwegian supplier Ocean Sun, has installed three additional floating solar units at Banja reservoir in Albania, bringing the floating solar plant’s total capacity to 2MWp.
Seaway 7 awarded $300+ million cable contract
Seaway 7, the Renewables & Heavy Lifting business unit of Subsea 7, has been awarded a contract worth between $300 million and $500 million for an undisclosed offshore wind farm project. Under the contract, Seaway 7 will be responsible for the transportation and installation of inter-array and expor
Industry discusses way forward for tidal power with UK’s net zero minister
The representatives of the UK tidal stream industry have met with Graham Stuart, the minister of the newly launched department for energy security and net zero, to discuss the role of tidal energy in the country’s secure and cost-effective transition to net zero.
With sevenfold increase in backlog, Reach Subsea sees another ‘record’ year
Norway-headquartered Reach Subsea has achieved “record” high revenue and operating profit for the full year and fourth quarter of 2022, with its order backlog seven times higher than in the year earlier. For the full year of 2022, revenue grew to NOK 1,163 million (around €107.3 million) whereas EBI