Business Developments & Projects
TotalEnergies stays in Gabon for another 25 years
TotalEnergies’ unit in Gabon has signed a new exploitation and production sharing contract with the Gabonese government, as well as a deal to extend the Establishment Agreement. TotalEnergies EP Gabon has signed with the government an agreement relating to the rearrangement of certain provisions of
Japanese insurers scramble to retain marine war cover to secure LNG imports from Russia
Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized in the wake of the latest sanctions against Moscow. Three companies from Japan, Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance, and Mitsui Sumito
Novel monitoring technology undergoing tests at Danish CO2 storage project
A new monitoring technology that is said to ensure more frequent checks of the future CO2 storage and results in less impact on the environment is currently being tested for Project Greensand in the North Sea. Magseis Fairfield reported last week that it had mobilized its MASS III nodes and modular
Neptune Energy, Ørsted explore powering North Sea energy hubs with offshore wind
Oil and gas company Neptune Energy and offshore wind developer Ørsted have partnered up to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. The two parties and Goal7 have signed a Memorandum of Understanding (MoU) to examine the potential to s
Norway’s oil and gas player enters North Sea license with 50% interest
Norwegian oil and gas company OKEA has signed a sale and purchase agreement (SPA) with compatriot DNO Norge to enter into the Brasse license in the northern North Sea. The aim of the partnership is to undertake a fast-track, low-cost review to assess whether a value accretive development concept can
Hyundai Samho lays keels for Knutsen’s LNG carrier pair
South Korean shipbuilder Hyundai Samho Heavy Industries hosted keel laying ceremonies for two LNG carriers on the same day earlier this week. The keels were laid for two 174,000 cbm LNG carriers that are being built for Norway-based Knutsen OAS Shipping AS. The vessels will be classed by Lloyd’s Reg
Novatek secures green energy supply for Cryogas-Vysotsk LNG
Russia’s power generating company EL5-Energo has signed a contract with compatriot natural gas producer Novatek to supply green electricity from a wind farm to the Cryogas-Vysotsk LNG project. Under the contract, the energy of EL5-Energo’s wind farm with an installed capacity of 90 MW will be suppli
Op-ed: Tony Lewis on the exciting potential of wave energy
In an op-ed piece, Tony Lewis, chief technology officer at OceanEnergy, sheds more light on the potential of wave energy and the expectations from the WEDUSEA project, being coordinated by the Ireland-based company.
Finland’s first FSRU anchors in Port of Inkoo
Excelerate Energy’s floating storage and regasification unit (FSRU) Exemplar has anchored in the deep harbour Inkoo, Finland, to serve the country’s first FSRU-based terminal. Finnish transmission system operator Gasgrid Finland confirmed the Exemplar’s arrival on 28 December stating that “the float
Tyra II hook-up and commissioning one step closer
The crane on the process module at Tyra II has been put into permanent use, representing a milestone in the hook-up and commissioning campaign of the field redevelopment project in the Danish North Sea. Norwegian Energy Company (Noreco) reported on 23 December that the crane on the process module (T
James Fisher selling 2007-built dive support vessel
UK-headquartered provider of marine engineering services James Fisher and Sons is selling the Subtech Swordfish dive support vessel (DSV) for a cash consideration of $24 million. The company has entered into a Memorandum of Agreement (MoU) for the sale of the 2007-built vessel to Seamec Limited, a c
Steel cut for Maersk’s 16,200 TEU methanol-fuelled boxship
Container shipping major Maersk has launched the construction of its 16,200 TEU dual-fuel containerships that can run on green methanol. Namely, South Korean shipbuilder Hyundai Heavy Industries hosted a steel-cutting ceremony for what is believed to be the first vessel from the series on November 2
After years of upgrades, Norwegian field back on stream
The Njord field in the Norwegian Sea has commenced production again, following an extensive six-year upgrade of the platform and the floating storage and offloading vessel (FSO). Production from the Njord field resumed at 16:30 on 27 December, extending the planned field life for another 20 years. C
Fjord Line to convert LNG-powered ships to dual-fuel LNG/MGO due to high prices
Due to increases in the liquefied natural gas (LNG) fuel costs and a “non-sustainable financial situation”, Norwegian ferry company Fjord Line has decided to rebuild its two ships from LNG-only engines to dual-fuel LNG / marine gas oil (MGO) engines. “The energy crisis, caused by the Russian invasio