Business Developments & Projects
Putin bans oil sales to countries abiding by the price cap
Russian President Vladimir Putin signed an Executive Order on Tuesday, December 27, banning the sale of oil and oil products to foreign companies and individuals abiding by the price cap imposed by the Westrn nations. To remind, at the beginning of December, the Group of Seven (G7) nations and Austr
Wintershall Dea picks software for tracking drilling and well projects
German oil and gas company Wintershall Dea is set to implement AGR Software’s iQx time and cost estimation and tracking software for its drilling and well projects in Norway. According to Wintershall Dea, the development will play a role in enabling greater standardization for its well and drilling
Norway’s aquaculture companies line up for Inseanergy’s floating solar units
Norway-based company Inseanergy has made agreements with several aquaculture industry players to supply them with floating solar units and boost their energy transition efforts.
Energinet and Elia launch tender for new North Sea interconnector
Danish and Belgian transmission system operators (TSOs) Energinet and Elia have issued a contract notice seeking environmental engineering consultancy services for the development of the subsea cable route for a new interconnector project in the North Sea. Elia and Energinet are developing the Trito
IOG sketches well plan for North Sea gas project
UK-headquartered IOG plc is planning to drill the second Blythe production well directly after the Southwark A1 well in the first half of 2023 as part of the Saturn Banks Project – Phase 1 in the UK Southern North Sea. In an announcement from 22 December, IOG stated that all subsea work had been com
VV: 2022 saw over 160 LNG carriers ordered, with Japanese owners leading the pack
This year saw an ordering spree for LNG carriers amid spiking demand for LNG driven primarily by the ongoing geopolitical turbulence in Europe as the EU battles to break away from dependence on Russian gas instigated by Russia’s war in Ukraine. A total of 162 new orders have been placed so far this
Mediterranean Gas completes ARGO FSRU market test
Greek energy utility company Mediterranean Gas has completed the first phase of the market test for the expression of interest and capacity allocation for the ARGO FSRU terminal in Volos. According to Mediterranean Gas, an expression of interest was submitted by Greek and international companies, wh
Allseas to deliver ‘one of the heaviest offshore installation projects in history’
Allseas has won a contract with Aker BP for the delivery of offshore transport and installation (T&I) services for a new processing platform topsides facility with well bay area and living quarters. Allseas will provide offshore T&I services for the Hugin A PdQ, formerly NOA PdQ, processing platform
Tekmar completes Dogger Bank trifecta
DEME Offshore has picked Tekmar Group to supply Cable Protection Systems (CPS) for the third phase of Dogger Bank Wind Farm in the UK. Under the contract signed with DEME Offshore, Tekmar will design, manufacture, and supply 172 CPS for Dogger Bank C. The first systems for the project’s third phase
Siemens Energy to deliver converter stations for Ireland-France interconnector
Siemens Energy has secured a contract to deliver the high-voltage direct current (HVDC) transmission technology for the Celtic Interconnector that will link France and Ireland. The 700 MW Celtic Interconnector 320 kV VSC HVDC link will be approximately 575 kilometers long, of which the offshore elem
Cemre revealed as preferred bidder for CMAL’s ferry pair
Scottish state-backed ferry owner Caledonian Maritime Assets Ltd (CMAL) has selected Cemre Marin Endustri A.S shipyard in Turkey as the preferred bidder for the construction of two new ferries. The two new vessels are intended to support the communities at Uig, Lochmaddy and Tarbert (Harris). “This
Lime Petroleum buys stake in Repsol’s North Sea field
Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, has completed the acquisition of a stake in the Repsol-operated Yme field located offshore Norway. Lime Petroleum entered into a sale and purchase agreement with Kufpec Norway in August for the acquisition of a 10 per cent inte
GreenH2Atlantic project gains Potential National Interest status
Trade and investment agency AICEP, an independent public entity of the government of Portugal, has awarded a Potential National Interest (PIN) status to the GreenH2Atlantic project, which is developing a 100 MW green hydrogen production unit in Sines, Portugal. Martifier Group, one of the developers
Bomb scare diverts MSC Lorena from Antwerp
A criminal investigation is underway regarding a bomb threat on board a containership identified as MSC Lorena, the Dutch police confirmed. The vessel was diverted from the Port of Antwerp following a threatening phone call saying that a bomb would explode if the ship docked in the port, according t