Business Developments & Projects
Seabed surveys completed for North Celtic Sea offshore wind project in Ireland
Irish energy provider Energia Renewables has finished seabed surveys for the North Celtic Sea offshore wind project, located off the coast of Waterford, Ireland. Following the award of a Foreshore Licence in September 2021, the geophysical and geotechnical surveys started in April 2022 and were comp
Contractor chosen for BP’s compression platform project in Caspian Sea
A joint venture between KBR and SOCAR has been awarded a contract by BP for the delivery of an unmanned compression platform in Azerbaijan.
Dutch and Australians form marine energy partnership
Dutch Marine Energy Centre (DMEC) and Australian Ocean Energy Group (AOEG) have entered into formal collaboration with the joint goal to accelerate international development of the ocean energy industry.
Subsea unit causes slight drop for Subsea 7 figures
Subsea 7 has reported a revenue of $1.4 billion for the third quarter of 2022, a decrease of $47 million or 3% compared to Q3 2021, mainly due to a drop in revenue in the Subsea and Conventional business unit. Revenue for the third quarter of the Subsea and Conventional unit was $990 million, a [&he
UK offshore workers down tools over pay dispute
UK’s Unite the union has confirmed that around 146 offshore workers have opted to take strike action due to a dispute over pay and benefits.
World’s 1st circular ship dismantling yard wins EU backing
Circular Maritime Technologies (CMT), a Dutch startup targeting to automate shipbreaking processes, has secured an EU subsidy that would help the company take the project to the next stage of development. CMT said that it won a subsidy as part of the Kansen voor West III, a program largely financed
Safe Bulkers returns to Alfa Laval for more scrubbers
Greek shipowner Safe Bulkers has placed an order for additional Alfa Laval PureSOx exhaust gas cleaning systems bringing the number of vessels to be fitted with the systems to 25. The company has just installed its 21st PureSOx scrubber, and four more retrofits are scheduled through the first half o
World’s first promotional platform for financing green hydrogen launched in Germany
German state-owned investment and development bank KfW has launched the world’s first financing platform for tailored financing of infrastructure for green hydrogen and its derivatives. Together with the Federal Ministry for Economic Cooperation and Development (BMZ) and the Federal Ministry for Eco
WATCH: ‘Record-breaking’ FPSO decom ops winding down in Norway
The semi-submersible heavy transport vessel Xin Guang Hua, owned by China’s COSCO Shipping, has completed the float-on and load-in operation of a floating, production, storage and offloading unit (FPSO) set to be decommissioned, an operation that is believed to have set a new world record. Xin Guang
CMES, BHP and DNV to share voyage data to cut maritime carbon emissions
China Merchants Energy Shipping (CMES), BHP and DNV have signed a Memorandum of Understanding (MOU) to collaborate on industry value chain greenhouse gas (GHG) management. The signing took place in conjunction with the second World Maritime Merchants Forum in Hongkong, organized by CMES. The MOU see
Fincantieri delivers MSC Seascape, the largest and most technologically-advanced ship built in Italy
Italian shipbuilder Fincantieri has handed over MSC Seascape to MSC Cruises at a ceremony held at Fincantieri’s yard in Monfalcone. MSC Seascape is the second ship of the Seaside EVO class, an evolution of the Seaside class and joins the sister ships MSC Seaside and MSC Seaview, which entered servic
Half of the vessels ordered by Danish shipping companies can sail on green fuel
Danish shipping companies have 51 new vessels under construction, and 25 of them can sail on green fuels, according to a new analysis from Danish Shipping, a trade and employer organisation for more than 90 shipowners and offshore companies. Right now, there is a total of orders for 51 new vessels f
INEOS picks structural integrity analysis provider for North Sea platforms
UK-based oil and gas company INEOS has awarded energy services company Kent with a framework contract for the delivery of structural integrity analysis modeling services for its offshore facilities. Under the three-year contract, Kent will deliver the full suite of structural analysis services for I
Maersk inks green methanol deal with Carbon Sink
Danish container shipping major A.P. Moller – Maersk has entered into a green methanol partnership with U.S.-based project developer Carbon Sink LLC. The parties have signed a Letter of Intent covering Carbon Sink’s development of green methanol production facilities in the United States. The first