Business Developments & Projects
Fresh oil discovery in Barents Sea
Norwegian oil and gas player Vår Energi has made a new oil discovery in the Barents Sea off Norway, using a Transocean-owned rig.
New oil & gas discovery in North Sea with tie-back on the horizon
Norwegian state-owned energy giant Equinor has made a new commercial oil and gas discovery in the North Sea off Norway, using a Transocean-owned rig.
UK’s Ofgem grants licenses for electricity links to three EU countries
UK energy market regulator Ofgem has granted electricity interconnector licenses for three energy links that will connect the UK with three countries in the European Union.
2022: a banner year for TotalEnergies’profit with LNG as a trump card for further growth
After boosting its annual profits in 2022, TotalEnergies plans to strengthen its position in Europe by pursuing further LNG growth.
OX2 establishes green hydrogen partnership with Finnish company
Sweden-based OX2 has entered into a partnership with the Norwegian consumer goods company Orkla to supply green hydrogen to the company’s Haraldsby factory in Åland. The aim of the cooperation is to assess and plan the supply of hydrogen from 2025. The hydrogen for Orkla’s factory in Saltvik, Åland
Anemoi wins AiP from Liberian Registry
The Liberian Registry has awarded an Approval in Principle (AIP) to British company Anemoi Marine Technologies for their Rotor Sail systems. Anemoi’s rotor sails are available with three deployment options – fixed to the deck, a folding type, and on rails that can be moved along or across the deck.
New milestone for Northern Lights’ LNG-fueled CO2 carriers
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has reached a new milestone for its LNG-powered, wind-assisted CO2 transportation ships. According to the project’s update on social media, the steel cutting for the CO2 transportation tanks has been carried out
Trident Energy wraps up saturation diving campaign offshore Brazil
Oil and gas company Trident Energy has completed a saturation diving campaign at Pampo and Enchuva fields offshore Brazil.
Future Proof Shipping selects AYK Energy batteries for 2nd containership conversion
Holland Shipyards Group (HSG) has selected marine battery manufacturer AYK Energy to supply lithium batteries for the retrofit of FPS Waal, the inland container vessel owned by Dutch shipping company Future Proof Shipping (FPS). The FPS Waal is the second inland containership in FPS’ fleet that will
TotalEnergies bunkers Hapag Lloyd’s boxship with biofuel in Singapore
Energy company TotalEnergies Marine Fuels has completed its first refuelling of a Hapag-Lloyd container vessel in Singapore with sustainable marine biofuel.
Masdar and Verbund ally on hydrogen production
Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce
TechnipFMC’s DSV begins well tie-in ops in North Sea
TechnipFMC’s diving support vessel (DSV) Deep Discoverer has mobilized to the Triton area in the North Sea and begun operations to tie in a Tailwind Energy well, according to UK-based oil and gas company Serica Energy. The Gannet GE-04 well was drilled late in 2022 and completed in January, with fir
Liquid Wind seeks environmental permit for second green electrofuel facility
Swedish electrofuel developer Liquid Wind has submitted an application seeking an environmental permit for its second commercial-scale green electrofuel facility FlagshipTWO, located in Sundsvall. Liquid Wind has applied for the environmental permit for the 100,000-ton FlagshipTWO at the Land and En
Maersk reports extraordinary 2022 results, assigns up to $11bn CAPEX for integration and decarbonization
Container shipping heavyweight A.P. Moller – Maersk has reported exceptional financial results for the year 2022. Despite the abnormal market conditions caused by the COVID-19 pandemic, the company managed to deliver solid performance across all its businesses, resulting in the best financial result