Business Developments & Projects
TGS set to conduct 4D survey in Gulf of Mexico
Norwegian seismic player TGS has signed a letter of authorization (LOA) to carry out a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico.
Wärtsilä to power Baleària’s LNG-fuelled fast ferry
Finnish technology group Wärtsilä has been contracted to supply dual-fuel engines and high-performance axial flow waterjets for Baleària’s new high-speed RoPax ferry powered by liquefied natural gas (LNG).
BalticSeaH2 project moves forward
Gasgrid Finland, a Finnish state-owned company and transmission system operator, has announced that a joint hydrogen valley project, BalticSeaH2, between Finland and Estonia is underway. Gasgrid said the 5-year project will next proceed to the preparation of a financing agreement with the Clean Hydr
Denmark grants its first permits for full-scale CO2 storage
The Danish Ministry of Climate, Energy and Supply has granted the country’s first-ever permits for full-scale CO2 storage in the North Sea. In the first round of tenders for storing CO2 in the Danish North Sea, three permits have been awarded, two to TotalEnergies EP Danmark, and one to a consortium
Energinet awards geological and geophysical survey contracts
Fugro, Ocean Infinity, and GEO.xyz have been awarded contracts by Energinet to provide geological and geophysical consultancy services for the potential development of offshore wind farms in the Danish North Sea, Danish Kattegat, and Danish Baltic Sea. The total value of the procurement, excluding V
Volatility in oil & gas prices on the cards for 2023 after roller-coaster ride in 2022, says Westwood
Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.
In Focus: Dealing with the energy trilemma
A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon.
Euronav CEO: We don’t want to make a bet on a specific future fuel
Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with
Drydocks World and Aker Solutions to revamp FPSO destined for UK’s giant oil & gas field
Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.
January brings increase to offshore rig count
The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.
$10 million raised to cover ongoing arbitration costs regarding two cancelled drillships
Northern Drilling has raised $10 million for litigation costs arising from the ongoing arbitration pertaining to cancelled orders for two drillships with the South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME).
GTT receives €4.66M for CO2 capture system design for MerVent 2025
As part of the MerVent 2025 project, French LNG containment specialist GTT has received €4.66 million in funding from a French public investment bank Bpifrance for the design of an onboard CO2 capture system and for the development of intelligent operational performance solutions. Within the framewo
Strong start of 2023 for Northern Irish decommissioning specialist
Northern Ireland-based decommissioning specialist Decom Engineering has commenced 2023 with a number of international contracts said to be valued at over seven figures. Decom Engineering reported that it had secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties wit
European firms ink deal for USVs
Ashtead Technology, the UK-headquartered international subsea rental equipment and solutions specialist, has entered into a multi-year rental agreement with Maritime Robotics, a Norwegian provider of unmanned technology solutions.