Business Developments & Projects
Boskalis lands US offshore wind farm deal with mystery client
Dutch offshore services provider Boskalis has won a contract with an undisclosed client to construct a large wind farm offshore the USA. Under the contract, Boskalis will transport and install the wind turbine foundations and power cables for which two crane vessels, and several transport and cable-
Fredriksen builds stake in Euronav in the wake of botched merger
Famatown Finance Limited, a company indirectly controlled by trusts settled by shipping billionaire John Fredriksen, has increased its stake in European tanker major Euronav. Euronav disclosed earlier today that Famatown Finance Limited acquired 5,127,000 additional shares and today holds, together
UK, UAE ally on clean energy, hydrogen included
The UK and UAE have signed a Memorandum of Understanding (MoU) expected to help facilitate the sharing of technical knowledge, advice, skills, and expertise, opening up new avenues for cooperation on energy and climate, while boosting jobs and investment in the UK. UK Business and Energy Secretary G
Masdar agrees to explore green hydrogen exports from Abu Dhabi to Europe
Abu Dhabi-based clean energy company Masdar and four Dutch companies have signed a memorandum of understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam. The MoU was signed by the representatives of Masdar, Port of Amsterdam, SkyNRG, Evos Amste
In focus: Is Europe the heart of the energy transition?
It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.
Deep dive: What’s in store for Valaris rigs?
An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
Cargill orders methanol-powered Kamsarmax pair
Swiss freight trader Cargill has placed an order for two methanol-fuelled bulk carriers in Japan. Namely, the company has teamed up with Mitsu & Co, and ordered a Kamsarmax duo from Japanese shipbuilder Tsuinesihi Shipbuilding. The order was reportedly signed last month and the ships are scheduled f
Low-carbon investments set to hit $620 billion in 2023, Rystad says
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
GTT receives new orders for LNGCs tank design
French LNG containment specialist GTT has received new orders from its partners, the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) and the Chinese shipyard Hudong-Zhonghua Shipbuilding, for the tank design of new liquified natural gas carriers (LNGCs). In the fourth quarter of 2022
BP picks UK firm for global well engineering services
BP has handed out a long-term deal for well engineering services across its global operations to THREE60 Energy.
Saipem rig spins the drill bit at North Sea prospect
Aker BP has started drilling an exploration well in the North Sea off Norway, using one of Saipem’s semi-submersible rigs.
Report: Court finds UK’s $1.15 bln funding for Mozambique LNG project lawful
A London court has ruled that the UK government’s funding of up to $1.15 billion of financing for the Mozambique LNG project led by French energy major TotalEnergies is lawful. According to reports by Reuters, the decision by London’s Court of Appeal was made on Friday, 13 January, dismissing an app
Production of MSC’s LNG-ready giants in full gear
The construction of MSC’s 16,000 TEU ultra-large containerships in China is ramping up with the second boxship hitting the water in the first two weeks of this year. Namely, Chinese shipbuilder Guangzhou Shipbuilding International (GSI) has launched a 16,000 TEU ULCVs named MSC Noa Ariela. The vesse
AUV gauges electrical potential of subsea pipelines offshore Japan
Japan’s Kawasaki Heavy Industries and French energy major TotalEnergies have completed a joint offshore verification test measuring the electrical potential of subsea pipelines during close-range inspections using an autonomous underwater vehicle (AUV). The test was performed using what is said to b