Business Developments & Projects
Fourth Volstad vessel to feature NES battery system
Volstad Maritime has awarded Norwegian Electric Systems (NES) with a contract for the delivery of a battery system for another subsea construction vessel. NES will provide the battery package and associated control system for battery charging to the Deep Cygnus in connection with a forthcoming vesse
Vopak, Hydrogenious roll out hydrogen storage and transport JV
Dutch tank storage company Vopak has teamed up with Germany-based Hydrogenious LOHC Technologies to establish a joint venture specializing in hydrogen storage, transport, and supply. At the heart of the 50-50 joint venture named LOHC Logistix will be Hydrogenious’ Liquid Organic Hydrogen Carrier (LO
Celsius linked to order of up to 8 LNG carriers at CMI
China Merchants Industry Holding (CMI), a manufacturing flagship of China Merchants Group, has won a contract for the construction of up to eight 180,000 cbm LNG carriers from an undisclosed European shipowner. The company behind the contract, which includes four firm orders plus four options, is be
TotalEnergies finds ‘signs of hydrocarbons’ in North Sea well
TotalEnergies has confirmed the presence of hydrocarbons in an appraisal well in the Central North Sea of the UK Continental Shelf (UKCS).
Danish renewable energy company welcomes new year on the crest of a wave
Danish company Crestwing has entered the new year with significant funding support secured from both government and private entities that will be used to further advance its wave energy technology and bring it to market-ready stage.
How likely is the divorce from gas, as the emerging love affair with hydrogen stakes its claim?
Calls for replacing natural gas with hydrogen are gaining ground, but many still see gas as a major player in propelling the energy transition.
A year in review for methanol as marine fuel: 82 ships by 2028
2022 has been a stellar year for methanol as an alternative fuel for ships as owners look to solutions to decarbonize their fleets. Based on the data from DNV, there are currently a total of 82 methanol-powered ships in operation and on order. The figure grew considerably from what we reported in Au
Energy outlook: Oil making a comeback in 2023, says WoodMac
With the global energy crisis still running the show, Wood Mackenzie has outlined ten predictions for the energy industry in 2023.
Carbon Transition and repeat customer sign $2.5 million seismic data licensing contract
Carbon Transition has entered into a new $2.5 million multi-client seismic data licensing contract with an existing customer for the Utsira multi-client survey in Norway. Under the contract, the customer, whose name has not been disclosed, will license Carbon Transition’s Utsira multi-client survey.
2022 in review: Some of the major incidents related to offshore oil & gas
Action has been taken to minimise the risks of accidents and improve safety of offshore oil & gas infrastructure, but incidents still occur.
Gallery: UK port ends 2022 on a high note with some of the world’s largest rigs among current projects
Due to several ongoing projects, the UK’s Kishorn port (KPL) is currently playing host to giant semi-submersible and jack-up drilling rigs.
Boluda launches towage services in Port of Lubmin, helps accommodate FSRU Neptune
Boluda Towage, part of Spain’s Boluda Corporación Marítima, has dispatched four tugs to Lubmin, a small port located in the German Bay of Greifswald in the Baltic Sea region. The company has played a central role in the planning for the maneuvering of the floating storage and regasification unit (FS
Dogger Bank A & B array sites to be cleared of UXO in February
Several unexploded ordnance (UXO) items have been identified within Dogger Bank A & B array areas during a UXO inspection campaign. The UXO items will be addressed during a separate UXO Clearance phase of work estimated to be performed around February 2023. The Dogger Bank A, B, and C UXO inspection
Gas investments worth $245 billion across Africa in risk of becoming stranded assets
Planned investments in gas infrastructure amounting to $245 billion across Africa, are in danger of turning into stranded assets.