Business Developments & Projects
Siem vessel set for work in Brazil
Siem Offshore’s research vessel for subsea use Siem Dorado is preparing to carry out a term campaign for marine geophysical service provider PXGEO in Brazil.
Euronav comes out with its own proposal for Supervisory Board changes
Belgian tanker shipping major Euronav has proposed to expand the membership of its Supervisory Board and to revise its structure, in line with the recent shifts in the company’s shareholder base. Namely, Famatown and its affiliated companies, controlled by shipping tycoon John Fredriksen, have built
GlobalData: Hydrogen market to witness growth surge in 2023
Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd
Over 30 UK offshore platforms could be hit as 300 workers prepare to ballot on strike action
Around 300 construction members of Stork Technical Services UK will be balloted on strike action over rotas and pay on more than 30 offshore installations in the UK Continental Shelf (UKCS), UK’s Unite the union reported. The offshore dispute is centered on working rotas and Stork rates of pay faili
Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools
More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.
GAZ-SYSTEM’s FSRU programme gains ground
GAZ-SYSTEM’s Floating Storage and Regasification Unit (FSRU) programme has made significant progress with the FSRU onshore component now holding a complete set of location decisions for a gas pipeline in Poland. According to GAZ-SYSTEM, the governor of the Kuyavian-Pomeranian Province has provided t
Subsea 7-DeepOcean consortium secures work with Equinor
A consortium of Subsea 7 and DeepOcean has secured two contracts with Equinor for the Irpa and Verdande field development projects located in the Norwegian Sea. The contract for the Irpa field development includes engineering, transportation and installation of a MEG pipeline, a production riser, um
PRIO, Norwegian Cruise Line wrap up 1st biofuel tests in Portugal
Portugal’s biofuel producer PRIO has joined forces with Norwegian Cruise Line to complete the first test with advanced biofuels produced and supplied in Portugal.
Offshore drillers embarking on strike action at BP’s two platforms in UK waters
UK’s Unite the union has confirmed that nearly 100 Odfjell offshore drillers have backed strike action in a dispute over rotas and pay.
In focus: CO2 capture and storage – important element in the green transition
As the world faces new challenges in 2023, offshore energy industries are making new plans to deliver on the net-zero target. In addition to marine energy, the fast-growing offshore wind sector is also finding its place among oil and gas players. Example number one: SSE Renewables and Equinor, the d
Transocean strikes multiple rig deals with total backlog of $1.9 billion
Transocean has secured new contracts and extensions in the U.S. Gulf of Mexico, North Sea, Suriname and Brazil for nine rigs in its offshore fleet.
Denmark’s first CO2 storage project to soon begin commissioning tests
Offshore supply vessel Aurora Storm has left the Danish Port of Esbjerg towards the site of Project Greensand, allowing commissioning tests to soon begin at Denmark’s first CO2 storage project. According to the latest update from the project developer, Aurora Storm left the harbor in Esbjerg towards
UK well construction cementing firm changes hands
UK-headquartered energy services provider Expro is acquiring compatriot well construction cementing firm DeltaTek Global in order to broaden its offering, capabilities and technology portfolio. According to Expro’s Chief Technology Officer Steve Russell, the acquisition will expand Expro’s well cons
EIB joins IH2A, backs hydrogen projects in India
European Investment Bank (EIB), the bank of the European Union (EU), has signed a Memorandum of Understanding (MoU) to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects across India with indicative funding of €1 billion, subject to the Indi