Business Developments & Projects
CO2 emission reduction triumph keeps DeepOcean on track towards 2030 target
Norway-based ocean services provider DeepOcean has marked its 25th anniversary by reaching a CO2 emission reduction milestone which is said to keep the company on track toward its 2030 emission reduction target. DeepOcean announced that it had reduced its own CO2 emissions intensity by 18% since 202
KPI OceanConnect wraps up first simultaneous LNG bunkering operation in Singapore
Marine energy solutions provider KPI OceanConnect has completed its first simultaneous operation of LNG bunkering in Singapore.
Cosco hosts naming ceremony for Yinson Production’s Brazil-bound FPSO – gallery
Yinson Production has tucked a new milestone under its belt with a naming ceremony for an FPSO destined to be deployed off the coast of Brazil.
Fortescue’s green energy project in Gladstone reaches new stage
Fortescue has officially opened its electrolyzer manufacturing facility in Gladstone, Queensland, Australia, reaching a milestone in its wider green energy project.
North Sea operator sanctions oil & gas field development and hands out work to Aker Solutions, Subsea7, and OneSubsea
OKEA has made a final investment decision (FID) for the development of an oil and gas field in the North Sea off the coast of Norway.
Prysmian completes Neart na Gaoithe cabling job offshore Scotland
Italy-headquartered Prysmian has concluded the installation of submarine and land power cables to connect the 450 MW Neart na Gaoithe offshore wind farm to the Scottish mainland power grid. The offshore wind project is now in the testing and commissioning phase and the system is scheduled to go live
Dutch wave energy company gets subsidy for large-scale technology testing
Dutch Wave Power, a company developing technology to convert energy from waves at sea into electrical energy or hydrogen, has received a subsidy of over €99,000 for large-scale testing and demonstration of its technology in the North Sea offshore Scheveningen. The subsidy from the Wadden fund (Wadde
With suspension of 12 more jack-ups, rig pool in Middle East narrows down
ADES, COSL, and Arabian Drilling have joined the rig owners that have confirmed a temporary suspension of operations for one or more rigs in the Middle East.
Sapura Energy clinches five-year deal for underwater services in Malaysia
Malaysia-based Sapura Subsea Services, a unit of Sapura Energy, has secured a contract to provide Pan Malaysia underwater services for the Petronas Group of companies and petroleum arrangement contractors.
DNV okays Bergen Engines’ methanol-ready notation for marine engines
Norway-based medium-speed engine builder Bergen Engines has received approval from classification society DNV for its methanol-ready statement for marine engines.
Thanks to over $0.5 billion loan, Trafigura enables Japanese utility player to get LNG imports
Trafigura has received a loan from JBIC to fund a Japanese utility company’s needs for LNG imports on a term basis.
Blame for UK offshore oil & gas license abandonment pinned on wind farm construction ops
The blame for an unfulfilled license requirement and subsequent relinquishment is said to rest squarely on wind farm construction activities.
New assignment lined up in Middle East for Scottish firm
Scottish oilfield procurement specialist Craig International, a member of Craig Group, has won a new contract with QatarEnergy LNG.
With offshore repairs done, Balticconnector about to restart after six-month shut-down
Preparatory work has begun for the commissioning of the Balticconnector gas pipeline between Finland and Estonia which was shut down in October 2023 due to a rupture, following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid clos