Business Developments & Projects
Oceanbird project goes full speed ahead with land-based testing, selection of retrofit vessel
Oceanbird, a project backed by Alfa Laval and Wallenius, is moving fast with the preparation for the installation of its first land-based Oceanbird Wing 560. The project developers are already ordering parts for the installation, following the award of €9 million worth of funding under the Horizon E
Subsea7 and Siemens Energy to develop subsea hub for floating offshore wind
Subsea7 and Siemens Energy have joined forces to develop a Subsea High Voltage Plug and Power Hub for the floating offshore wind market. Building on Subsea7’s competence in subsea engineering and offshore construction for the oil and gas and renewables markets, and Siemens Energy’s competence in ele
BP delves into global energy trends over next 30 years
BP has unveiled its new energy outlook, highlighting key trends and uncertainties surrounding the energy sector and transition to low-carbon.
Oman LNG continues supply deals spree with Turkish BOTAŞ
Oman LNG has signed a binding term-sheet agreement with Turkish BOTAŞ Petroleum Pipeline Corporation to supply 1 million metric tonnes per annum (mtpa) of LNG, starting in 2025. According to reports from the Omani state news agency, the agreement was signed on 30 January. The deal will see Oman LNG
Prysmian connects Crete to mainland Greece
Prysmian Group has completed high-voltage direct current (HVDC) underwater cable laying for the subsea power line connecting the Greek Crete island and mainland Greece.
EDP joins Cepsa for Andalusian Green Hydrogen Valley project
Global energy company EDP has partnered up with Spanish energy company Cepsa to boost the Andalusian Green Hydrogen Valley, the largest green hydrogen project in Europe promoted by Cepsa. The agreement includes studying the joint production of green hydrogen as part of the project of up to 1 GW in t
Newcastle University outlines plans for North Sea wave energy demo
Newcastle University has set sights on turning wave motion into a source of renewable energy with the latest project that will see the installation of a wave energy device prototype in the North Sea.
Fugro wraps up its first fully remote offshore survey inspection
Fugro has completed its first fully remote offshore integrity inspections campaign in the North Sea for the oil and gas operator TAQA Netherlands.
Innovate UK funds wave energy scheme offshore Indonesia
Innovate UK has selected a consortium, led by Ingine Wave Energy Systems, to receive funding support for the development of wave energy project offshore Indonesia.
Drillship takes on more drilling work at giant Black Sea gas project
Türkiye’s first drillship has begun drilling a new detection well in the Sakarya gas field project development in the Black Sea, one of the largest energy projects ever built in the country. Türkiye Petrolleri reported on 30 January that the Fatih drilling vessel had started drilling in Amasra-2. To
Maersk to integrate Hamburg Süd and Sealand brands
Danish container shipping heavyweight Maersk plans to unify its structure by integrating its brands such as Hamburg Süd and Sealand, among others. The company explained the decision saying that the aim was to bring more ‘ease, agility and resilience’ to the supply chain. Maersk plans to conduct an i
CMA CGM launches €200 mln call for decarbonization projects
French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi
Equinor advances its low-carbon hydrogen project with major FEED contract in place
Norwegian energy giant Equinor has selected units of German engineering company Linde for front-end engineering design (FEED) work and operation and maintenance of its large-scale low-carbon hydrogen plant in the UK. Equinor’s UK project, named Hydrogen to Humber Saltend (H2H Saltend), is a 600-mega
Euronav presses ahead with arbitration against Frontline
Belgian tanker shipping major Euronav has filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement. “This request on the merits follows the request for emergency arbitration that was announced by the company’s press release dated