Business Developments & Projects
Lift-off: Watch as Airseas kite system takes to the air during sea trials
France-based wind propulsion developer Airseas has revealed the first pictures and video footage of its automated kite system Seawing in flight during ongoing transatlantic sea trials. The material is being revealed following the completion of the crucial initial stages of the trials, which are taki
Field bearing name of god from Norse mythology to be tied back to existing FPSO
Equinor has submitted a plan for the development and operation (PDO) of a Norwegian Sea field to Norway’s Ministry of Petroleum and Energy.
Maersk to study feasibility of green fuels bunkering in Oman
Danish container shipping major Maersk is resuming its partnership-building strategy aimed at securing the supply of green fuels for its new ships. Namely, the company has signed a Memorandum of Cooperation (MoC) with the Alternative Energy (AE) business unit of OQ, a global integrated energy compan
Partners look into large-scale ammonia cracker for 1 million tons of hydrogen imports via Rotterdam port
An initiative of 18 companies led by the Port of Rotterdam Authority and including energy majors Shell, BP and ExxonMobil, among others, has commenced a study into the possible set-up of a large-scale ammonia cracker to enable hydrogen imports. The initiative also includes Air Liquide, Aramco, Essen
SodaFlexx CEO: The best fuel is unburnt fuel
The best solution for the shipping sector to cut CO2 emissions in the short term is to resort to fuel consumption efficiency measures in anticipation of greater maturity of green fuels’ production and the development of the relevant infrastructure, as explained by Barry Bednar, CEO of SodaFlexx. The
Ashtead Technology makes another acquisition
UK-headquartered subsea technology specialist Ashtead Technology has acquired the entire share capital of Hiretech for a total consideration of £20 million on a cash and debt-free basis, expanding its mechanical solutions service offering. Established in 2011, Hiretech is a management-owned, Aberdee
Saipem buying drillship from Samsung Heavy as market demand ‘significantly exceeds’ supply
Saipem has decided to buy an ultra-deepwater drillship from Samsung Heavy Industries to strengthen its offshore drilling fleet.
Ocean Infinity’s first two high-tech ammonia-ready Armada ships head for Norway
Marine robotics company Ocean Infinity has taken delivery of the first two robotic vessels that will form part of the high-tech Armada fleet. The two ships have left Vard Vung Tau shipyard in Vietnam and are headed to Norway and Vard Søviknes. “Armada 7801 and 7802 have set sail from Vietnam and are
First oil flows from subsea tie-back in North Sea
North Sea-focused Ithaca Energy has started production from a subsea tie-back to its FPF-1 facility located in the UK North Sea.
Seadrill tasked with addressing nonconformities on jack-up rig
Norwegian offshore safety regulator has carried out an audit of maintenance management on one of Seadrill’s jack-up rigs.
Denmark awards first CO2 storage permit
The Danish Energy Agency has granted the first-ever permit for a CO2 storage project in Denmark. The project includes the injection and storage of up to 15,000 tonnes of CO2 in a former oil field over a four-month period. INEOS E&P and Wintershall Dea have been granted permission to begin a time- an
GCMD invites proposals for world’s 1st shipboard carbon capture project
The Global Centre for Maritime Decarbonisation (GCMD)has issued an invitation-for-proposal (IFP) to evaluate the safety, technical and operational requirements for offloading shipboard-captured CO2 during port calls.
Ørsted and Danish partner announce large-scale Power-to-X project; Offshore wind in the plans
Ørsted and Danish renewable energy developer Skovgaard Energy have signed a letter of intent to jointly develop a Power-to-X facility in Denmark. The project is planned to be built in several phases, starting with electrolysis powered by onshore renewables and later tapping into offshore wind from t
North Sea field secures life extension
Sval Energi has received consent from Norway’s regulator to use the facilities on a North Sea field off Norway beyond their original lifespan.