Business Developments & Projects

Cyprus-based firm pools resources with UK player to widen its offshore energy market reach with two vessels
Pelagic Partners has invested in two PSVs, joining forces with UK’s Borealis Maritime and thus boosting its offshore energy asset exposure.

US firm launches its ‘first turnkey autonomous vessel’
According to Sea Machines, the company’s first turnkey autonomous vessel SELKIE will be deployed for hydrographic surveying, offshore asset inspection, security operations, and environmental studies.

Carnegie’s wave energy converter step closer to deployment at BiMEP
CETO Wave Energy Ireland (CWEI), a wholly-owned subsidiary of Carnegie Clean Energy, has achieved a milestone as part of the ACHIEVE project, coming one step closer to deploying its CETO wave energy converter in the Basque Country, Spain. CWEI passed the EuropeWave Authorisation to Proceed (ATP) mil

Sunrise coming up next on Wood’s agenda thanks to task for Woodside’s gas and condensate fields
Wood has been put in charge of a concept study for offshore gas and condensate fields located approximately 450 km northwest of Darwin.

Shearwater buys equity stake in Swiss provider of 3D imaging services
The FWI, a seismic data processing technology, enhances subsurface structure visualization, improves reservoir comprehension, and facilitates more efficient survey planning and execution, said Shearwater.

PIL, CCS partner on alternative fuels and onboard carbon capture and storage
Singapore-based shipping company Pacific International Lines (PIL) and affiliated unit of China Classification Society (CCS), China Classification Society Wuhan Rules And Research Institute (CCSWR), have signed a Memorandum of Understanding (MoU) pledging to deepen cooperation in shipping decarboniz

Fresh oil discovery making room for potential tie-back to existing North Sea infrastructure
Vår Energi has found more oil in the Balder area, located in the central North Sea off the coast of Norway.

Argeo to deliver AUV survey for Woodside in Trinidad and Tobago
Norwegian marine survey contractor Argeo has secured a contract with Australian energy major Woodside Energy to deliver a survey for a deepwater field in Trinidad and Tobago. Under the signed contract, Argeo will perform the 2024 autonomous underwater vehicle (AUV) geophysical survey for the Calypso

Another DOF vessel finds new owner
DOF Rederi, a fully owned subsidiary of Norway’s vessel owner DOF Group, has sold one of its PSVs to an undisclosed company.

KBR lands engineering deal for clean hydrogen plant in US mid-Atlantic
KBR has been awarded an engineering services contract by First State Hydrogen to support the development of hydrogen production facility in the U.S. mid-Atlantic region.

BW Offshore FPSO goes to India for recycling
BW Offshore has removed another floating production, storage, and offloading (FPSO) vessel from its fleet.

Seaspan, Hapag-Lloyd to retrofit five 10,100 TEU boxships to methanol propulsion
Hong Kong-based containership owner Seaspan Corporation and German container shipping major Hapag-Lloyd have entered into a partnership agreement to retrofit and convert five 10,000 TEU containerships powered by conventional S90 engines to dual-fuel engines capable of running on methanol.

MODEC hands out deal for Guyana-bound FPSO to Norwegian firm
Miko Marine has been hired by MODEC to supply sea inlet covers to be carried aboard a new FPSO destined to work at ExxonMobil’s oil project in Guyana.

Hat trick for SLB as Petrobras takes electrification steps at Brazilian oilfield
SLB has won three completion hardware and services contracts with Petrobras for multiple subsea wells on an oilfield off the coast of Brazil.