Business Developments & Projects
More drilling work on Johan Sverdrup for Odfjell rig
Equinor has exercised its option to drill additional wells with the Odfjell Drilling-owned rig, extending the rig’s stay offshore Norway.
Neptune prolongs SeaMar vessel’s stay in North Sea
SeaMar has secured a second contract extension with Neptune Energy Netherlands for one of its diving support vessels (DSVs).
All systems go for Equinor to drill two North Sea wells
Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea off Norway, using one of Transocean’s rigs.
Equinor picks contractor for work on its gas project in Norwegian Sea
Equinor has awarded a new contract to Aibel for extensive modifications and preparation of a platform for a tie-in of another gas field.
ABB to equip 10 COSCO Shipping’s boxships with shaft generators
Swiss-based technology developer ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) to equip ten China COSCO Shipping Corporation Limited’s container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the or
Finnish green energy producer bags R&D funding for hydrogen and ammonia
Green NortH2 Energy, a pioneer of green ammonia production in Finland, has won R&D funding from Business Finland, a public organisation under the Finnish Ministry of Employment and the Economy. Green NortH2 Energy has been granted €2.3 million in research and development funding that will be used in
Petrofac boss handing over the reins to member of McDermott’s exec committee
Petrofac has picked a member of McDermott’s executive committee to replace its current group chief executive, who will step down next year.
UK’s nature conservation charities slam the Wash tidal barrage plan deeming it ‘outlandish’
Developers of the Wash tidal energy barrage, that would also incorporate a deep water port, have been urged to rethink the proposal by UK’s nature conservation charities, which called the current plans ‘unworkable’ with significant risks to the environment.
Maersk settles sexual assault litigation with former midshipman
Maersk Line Limited (MLL), a wholly-owned subsidiary of A.P. Moller – Maersk, has settled litigation with Hope Hicks, a former midshipman on the Maersk Line’s ship Alliance Fairfax, filed against the company in New York Supreme Court in June for sexual assault and harassment during her cadet Sea Yea
Netherlands sets sights on hydrogen cooperation with Oman
During the climate summit COP27 in Egypt, the governments of the Netherlands and Oman have signed a declaration of intent with the aim to cooperate on hydrogen projects. The hydrogen cooperation between the two countries will focus on setting up import and export facilities for green hydrogen. The N
World’s first: Port of Antwerp-Bruges 1st methanol tug gets fitted with engines
The conversion of a Port of Antwerp-Bruges tug to methanol has officially been launched at the beginning of this week with the first engine installed on Monday, November 21. The second dual-fuel engine is set to be installed next week enabling the vessel to run both on methanol and conventional fuel
Hellenic Cables joins in on connecting Greek islands
Hellenic Cables has been appointed by the Greek electricity grid operator Independent Power Transmission Operator (IPTO) to deliver the Lavrio-Serifos and Serifos-Milos offshore electrical interconnections. The project that will integrate Milos and Serifos into the continental electricity transmissi
More rigs exiting North Sea next year, despite semi-sub activity picking up in 2022, says Westwood
Despite the uptick in utilisation and award activity for the North Sea semi-submersibles, Westwood said the demand outlook for 2023 is low.
First FSRU intended for use at Lubmin LNG terminal arrives in Germany
The first floating storage and regasification unit (FSRU) intended for use at a floating LNG terminal in Lubmin, Germany, has arrived at Mukran Port, according to Deutsche ReGas. As Deutsche ReGas – the developer of the first and so far only privately financed LNG terminal – informed, the FSRU Neptu