Business Developments & Projects
Oil & gas players pursuing electrification in Norwegian Sea to curb emissions
OKEA and Equinor in collaboration with license partners have set the wheels into motion to electrify the Draugen field and Njord A platforms.
Euronav confirms CMB sought to quash tie-up with Frontline
Belgium-based tanker shipping giant Euronav informed earlier today that it has received a letter from its biggest shareholder Compagnie Maritime Belge (CMB) seeking termination of the company’s tie-up with Frontline. The letter was addressed to Euronav’s Supervisory Board, following the publication
UK outlines fifth contracts for difference structure and launches consultation for next
UK’s BEIS has published key documents relating to the pot structure and administrative strike prices for renewable energy projects in the fifth round of contracts for difference (CfD), while also launching the consultation that will shape the next ones.
Poseidon Principles: 7 out of 28 banks in line with IMO’s GHG reduction target
Out of the 28 financial institutions reporting their emissions data in the third edition of the Poseidon Principles Annual Disclosure Report 2022, seven banks are aligned with the IMO’s ambition of halving shipping’s GHG emissions by 2050. The Poseidon Principles are a global framework for assessing
Equinor gets assignment to handle nonconformities on Johan Castberg FPSO
Norwegian regulator has carried out an audit of Equinor and its completion of electrical facilities on the Johan Castberg FPSO.
BP hires Noble rig for North Sea work
Noble Corporation has secured a long-term contract for one of its jack-up rigs with BP for operations in the UK sector of the North Sea.
Proman Stena Bulk rounds off 2022 with 4th methanol-powered tanker
Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, has taken delivery of its fourth methanol-fuelled tanker, Stena Prosperous. The 49,990 DWT vessel was built by Guangzhou Shipyard International Co Ltd (GSI) and will now enter commercial operation ru
TECO 2030 produces first fuel cell stack for heavy-duty and marine applications
Together with its partner, an independent company for development, simulation, and testing, AVL, Norway’s cleantech company TECO 2030 has completed production of the world’s first fuel cell stack developed and purposely designed for heavy-duty and marine applications. “It’s amazing to be able to phy
More time for Floatel unit on Equinor’s North Sea field
Norwegian regulator has given Equinor consent to continue using one of Floatel’s semi-submersible support vessels in the North Sea.
New custom-built LNG carriers to bolster Polish security of supplies
Two newbuild liquefied natural gas (LNG) carriers built for exclusive use by Polish ORLEN Group are being prepared to enter service in early 2023. The two vessels ordered by PGNiG Supply & Trading, an ORLEN Group company specialising in LNG trading, were named “Lech Kaczyński” and “Grażyna Gęsicka”
Green light for Equinor to deploy well intervention vessel off Norway
Equinor has received consent from Norway’s regulator to use of one of Island Offshore’s MOUs for light well intervention work in Norway.
Conoship’s next-generation diesel-electric cargo vessel in production
The construction of the next-generation diesel-electric propulsed cargo vessel, developed by Maritime engineering company Conoship International Projects, has kicked off in Turkey. The ceremonial start of the 3600 tdw vessel’s first construction took place on 24 November at the Gelibolu Shipyard in
CGG secures multi-client OBN reprocessing work
CGG has made an agreement with Carbon Transition’s subsidiary Axxis Multi Client to reprocess the Utsira ocean bottom node (OBN) seismic survey in the Norwegian North Sea.
Seabed survey completed for 1 GW Irish offshore wind project
XOcean has completed a seabed survey for SSE Renewables at the proposed Setanta Wind Park site, formerly Braymore Wind Park, off the coast of Ireland using its fleet of Uncrewed Surface Vessels (USVs). The survey, utilising multi-beam echo-sounder sensors, will be used to characterise the seabed in