Business Developments & Projects
Reach Subsea charters vessel to service offshore wind sector
Reach Subsea, a data and subsea service provider for ocean-based industries, has entered a charter contract and corresponding option arrangement with Olympic Subsea, a provider of marine transportation services, for the multifunctional subsea support and construction vessel Olympic Triton.
Norway continues license processing for 1.4 GW link to UK after almost three years
Norway’s Ministry of Petroleum and Energy has decided to resume the license processing of the application for the development of a 1.4 GW overseas interconnector between Norway and the UK after the processing was put on hold back in 2020. In a letter dated 25 March 2020, the Norwegian ministry infor
Equinor to tackle helideck nonconformities at two North Sea platforms
Norwegian regulator has conducted an audit of the management of emergency preparedness and helidecks at Equinor’s two North Sea platforms.
International association calls for cooperation for UK’s energy transition program
The North Sea Chapter of the International Association of Drilling Contractors (IADC) is calling on the Scottish and UK Governments and the oil and gas industry to cooperate to better effect and ensure the sector takes a balanced, long-term approach to the energy transition. The move comes in respon
Novatek and Deepak Fertilisers ally on energy supply, LNG included
Novatek, an independent natural gas producer in Russia, and Deepak Fertilisers and Petrochemicals Corporation, India’s producer of fertilisers and industrial chemicals, have signed a non-binding Memorandum of Understanding (MoU) regarding the supply of LNG and low-carbon hydrogen and ammonia. The Mo
Hapag-Lloyd kicks off retrofits of 100 ships with new propellers and bulbous bows
German liner company Hapag-Lloyd has launched the retrofitting program of 100 ships with new propellers and bulbous bows. The move is aimed at reducing the ships’ greenhouse gas emissions and help Hapag-Lloyd meet the International Maritime Organization’s (IMO) target of reducing CO2 emissions by 40
Fresh UK gig for Stena Drilling rig
Offshore drilling contractor Stena Drilling has secured a new contract for a semi-submersible rig with Ithaca Energy for operations off the UK.
Fortescue’s Holmaneset green project gains ground
Fortescue Future Industries (FFI), a global green energy company, has advanced its Holmaneset project in Norway to the next phase, providing potential for the development of a 300 MW green hydrogen and green ammonia facility and supporting infrastructure. In partnership with local Norwegian consulta
UK National Grid reports busiest January on record for its subsea interconnectors
The UK National Grid’s subsea electricity interconnectors achieved a record in January with more power being imported in and exported out of the UK than ever. The five interconnectors, which connect Great Britain with France, Belgium, the Netherlands and Norway, transported almost 12 per cent more p
Masdar sets up new office in Azerbaijan to back country’s clean energy goals
Abu Dhabi’s renewable energy company Masdar has opened a new office in Baku, Azerbaijan, to strengthen its support for the country’s renewable energy development. During the inauguration event for the office, located in Port Baku Tower, Masdar pledged to work with the goverment and other stakeholder
HH2E and LEAG to boost hydrogen economy in Germany
Energy companies HH2E and LEAG have signed a Memorandum of Understanding (MoU) in which they confirmed their intention to work together to set up a regional and national green hydrogen economy in Germany. According to HH2E, this should happen in connection with planned projects of both companies in
Norwegian energy giant hires DOF for subsea decommissioning work
DOF Subsea has secured an engineering, preparatory works, removal, transportation, recycling and disposal (EPRD) contract with Norwegian state-owned energy giant Equinor. The contract is for the Heimdal subsea decommissioning works and includes the recovery and disposal of approximately 2,000 tons o
Equinor and SSE eye green hydrogen production for 1.32 GW Dogger Bank D offshore wind farm
SSE Renewables and Equinor, the developers of the Dogger Bank Wind Farm in the UK, are exploring two options for Dogger Bank D, the fourth wind farm the partners are looking to build as part of the development. These include using Dogger Bank D for electricity that would feed into the UK grid and/or
Smart Green Shipping nets more funding as it readies for demonstration of its FastRig wingsail
Smart Green Shipping, a systems design and engineering company based in Dumfries, has secured £ 1.35 million investment for its development of retrofit sails and technology for sustainable commercial ships. MOL Drybulk Ltd (MOLDB), a 100% owned subsidiary of Mitsui O.S.K. Lines, and Scottish Enterpr