Business Developments & Projects
Odfjell: Boost in oil & gas investments to ramp up drilling activity as market strengthens
Odfjell Drilling is seeing an increase in demand for offshore rigs with average utilisation of 97.1 per cent for its own fleet.
Welsh marine energy test site updates marine license
Marine Energy Test Area (META), Wales’ national marine test center, has upgraded its marine license and will now be able to accommodate more tidal turbines and larger mooring spreads.
With no more rigs in its fleet, UK player transferring to Euronext Growth Oslo
UK-based offshore drilling contractor Awilco Drilling has decided to transfer from the Oslo Stock Exchange to Euronext Growth Oslo.
Meyer Werft cuts steel for LNG and fuel-cell powered Silver Ray
German shipbuilder Meyer Werft has started production of the cruise ship Silver Ray for Silversea Cruises hosting a symbolic steel-cutting ceremony in Papenburg on Wednesday, November 23. The cruise vessel will feature an innovative propulsion system aiming to provide sustainable travel. The Nova-cl
PGS lands gig in the Mediterranean
Norwegian seismic company PGS has secured a 3D exploration acquisition contract in the Mediterranean with an “independent energy company”. Ramform Hyperion is set to commence acquisition late this month and is expected to complete the activities in mid-January 2023. PGS did not reveal any other deta
KNOT orders new shuttle tanker for charter with Petrobras
Norway-based shuttle tankers owner and operator Knutsen NYK Offshore Tankers AS (KNOT) has ordered another shuttle tanker for time charter with Brazilian oil and gas giant Petrobras. On 21 November, KNOT signed a contract with Chinese shipyard Cosco Shipping Heavy Industry (Zhoushan) for the constru
Watch: James Fisher takes delivery of 1st of two LNG dual-fuel tankers
British provider of marine engineering services James Fisher has welcomed MV Sir John Fisher, the first of two 6,000 dwt LNG dual-fuel tankers, to its fleet at a delivery ceremony held on November 21. Built and launched at China Merchants Jinling (CMJL) shipyard in Yangzhou, China, the dual-fuel tan
Klaveness Digital, ZeroLab roll out emissions monitoring solution for dry bulk shipping
Norwegian technology company Klaveness Digital has teamed up with ZeroLab, Torvald Klaveness’ subsidiary, on an emissions monitoring solution that is measuring emissions from global dry bulk shipping. The monitoring solution was recently added as a service to the CargoValue platform, a Software as a
Maersk’s Christiansen: It will be the end of decade before we can see some scaling-up of ammonia
Morten Bo Christiansen, Vice President of Decarbonization for AP Moller Maersk shares his views on the challenges concerning uptake of ammonia and why methanol is the best solution for Maersk right now. He added that Maersk is evaluating over 30 projects aimed at developing green fuels.
Avenir completes its first LNG delivery to Finnish Hamina LNG terminal
UK-based Avenir LNG has completed its first liquefied natural gas (LNG) delivery into the newly commissioned Hamina LNG terminal in Finland. On 22 November, Avenir LNG provided an update on its social media channels stating that the LNG cargo was loaded by Avenir Supply & Trading onboard its vessel
Swedish company upgrades wave energy system
Ocean Harvesting Technologies has upgraded its InfinityWEC wave energy converter with innovative power take-off (PTO) solution, which is expected to contribute to the reduction of electricity production costs.
ABB’s solution targets reduced costs of green hydrogen production
Swedish-Swiss technology company ABB has launched its energy management system for the green hydrogen market to help reduce the costs of production. The solution named ABB Ability OPTIMAX enables real-time visibility of energy consumption across operations. According to the Green Hydrogen Catapult,
Oil & gas firm under scrutiny over potential North Sea license breach
Amid ongoing flaring and venting crackdown, the UK’s regulator has launched a probe to look into an undisclosed oil and gas company.
Autonomous seismic survey subsea nodes set for commercial ops in 2024
Blue Ocean Seismic Services (BOSS) has completed a series of passive and active seismic trials for its Marine Swarm Robotics technology, putting it on track to commence pre-commercial trials in the second half of 2023. Backed by bp Ventures, Woodside Energy and Blue Ocean Monitoring, BOSS is develop