Business Developments & Projects
While ExxonMobil takes legal action, European Commission claims oil & gas windfall tax ‘fully compliant with EU law’
ExxonMobil has filed a lawsuit against the European Commission’s proposed windfall tax on fossil fuel companies’ profits.
Danes issue €13 million floating LiDAR call for tenders
Danish transmission system operator Energinet has launched a tender for the provision of several floating LiDARs that will be installed at the new offshore wind farm sites in Denmark.
Re-evaluation and new discovery push Türkiye’s Black Sea natural gas reserves up
Türkiye’s natural gas reserves in the Black Sea have been increased, following a new gas discovery and an upward revision of a previous one.
Moray West to start 2023 with export cable route UXO work
A dive vessel, DSV Curtis Marshall, is scheduled to soon begin investigations and disposal of potential unexploded ordnance (pUXO) at the nearshore part of the export cable corridor of the Moray West offshore wind farm, close to the town of Portsoy. This work will be followed by the commencement of
Finnlines splashes 2nd Superstar ferry
Finnlines’ second Superstar vessel Finncanopus was launched at the China Merchants Jinling Shipyard in Weihai on 30 December, the company announced. The first, Finnsirius, was launched in August 2022 and the keel laying of the second one was celebrated on 1 September 2022. The company ordered the sh
Prosafe taking part in four tenders to win more work for its vessels
Offshore accommodation provider Prosafe is partaking in four ongoing tenders to secure more assignments for its fleet of vessels.
November brings lower oil & gas output for Norway
Norway’s oil and gas production fell behind the Norwegian Petroleum Directorate’s predictions in November 2022.
Ofgem OKs transmission investments needed for UK’s 2030 offshore wind target
Ofgem has approved the strategic electricity transmission reinforcements required to deliver the UK Government’s 50 GW offshore wind by 2030 target, set out as part of the regulator’s Accelerated Strategic Transmission Investment (ASTI) framework. The decision confirms that all SSEN Transmission pro
MacGregor to supply RoRo equipment for K Line’s LNG-powered newbuilds
MacGregor, part of Cargotec, has secured a large order to supply RoRo equipment for two 6,900 CEU Pure Car and Truck Carriers (PCTCs) to be built at Shin Kurushima Toyohashi Shipbuilding for K Line in Japan. The order was booked into Cargotec’s 2022 third-quarter order intake. The first vessel is sc
Seapeak concludes Evergas acquisition
Bermuda-based owner and operator of liquefied gas carriers Seapeak has completed the acquisition of Danish shipping company Evergas. On 29 December, Seapeak, formerly known as Teekay LNG Partners, said it had completed the previously announced acquisition of Greenship Gas Trust and Greenship Gas Man
Russia’s Sovcomflot takes delivery of LNG-fuelled Aframax tanker
Russia’s state-owned shipping company Sovcomflot (SCF Group) has welcomed into the fleet a new generation LNG-fuelled Aframax oil tanker Okeanskiy Prospekt. The 112,650 dwt ship was built at the Zvezda SSC in Primorsky Territory, and its construction was financed by the Russian state development cor
Sembcorp Marine delivers second 8th generation drillship to Transocean
Sembcorp Marine has completed the delivery of the Deepwater Titan drillship, the world’s second 8th-generation drillship, to Transocean’s subsidiary Triton Titan. Following the delivery, Deepwater Titan is scheduled for deployment on a five-year contract in the U.S. Gulf of Mexico. According to Semb
Reganosa upgrades Mugardos LNG terminal to operate all types of vessels
Spanish LNG terminal operator Reganosa has upgraded the jetty at its Mugardos LNG import terminal in the port of Ferrol as part of the modernisation plans. According to Rgeanosa, the modernisation works have increased the facility’s versatility which will now be able to operate not only large and me
Argeo secures €1.9M loan, sees ‘increasing amount of contract opportunities’
Norwegian marine survey contractor Argeo has secured a loan of NOK 20 million (approximately €1.9 million) from Innovation Norway. According to Argeo, the yield is 6,2 per cent, the duration is six years and the loan is on certain conditions. The company has not disclosed any other details. “We are