Business Developments & Projects
Equinor ups its electrification ante offshore Norway
Equinor has put measures in place to curb carbon emissions from the Norwegian Continental Shelf (NCS) by 160,000 tons of CO2 per year.
Equinor and DeepOcean extend subsea collaboration with new frame agreement
Norwegian state-owned energy giant Equinor has signed a frame agreement with compatriot ocean services provider DeepOcean for subsea infrastructure and cable repair for offshore oil & gas and renewables. The agreement covers marine services including subsea intervention and repair contingency for su
Hyundai Glovis unveils new LPG/ammonia carrier for charter with Trafigura
The vessel, named Taebaek Explorer, is the first of two newbuild LPG/ammonia carriers which will be chartered by Trafigura.
DOF wins contract for offshore transport and installation in West Africa
Norwegian vessel owner DOF Group has won a contract for a construction transport and installation (T&I) project in West Africa.
Snam selects Baker Hughes’ hydrogen-ready technology for its gas network
Baker Hughes will provide its hydrogen-ready technology for Snam’s new gas compressor station in Sulmona, Italy.
Noble drillship’s stay with Petronas prolonged offshore Suriname
Noble Corporation has secured more work off the coast of Suriname for one of its seventh-generation drillships with Petronas.
EverWind wraps up FEED work for Point Tupper green hydrogen and ammonia project
EverWind Fuels has completed the FEED work for Phase 1 of its green hydrogen and ammonia project in Point Tupper, Nova Scotia.
UK oil & gas firm takes steps to widen its footprint offshore Africa
Panoro Energy has ironed out the key terms and conditions with the government of Equatorial Guinea regarding the award of an offshore block.
Norwegian firm picks up work on Noble rig
Norway-based Soiltech has won two contracts for drilling waste management on a jack-up rig owned by Noble Corporation.
More upgrade and conversion work for oil & gas infrastructure comes Seatrium’s way
Seatrium Limited has got a hold of a batch of new multi-billion dollar contracts for oil and gas vessel repairs, upgrades, and conversions.
New association for maritime nuclear created
A global group of companies with a common interest in developing nuclear energy solutions for the maritime sector have launched Nuclear Energy Maritime Organization (NEMO).
MOL to fund construction of dual-fuel VLCC through sustainable financing
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a deal to raise funds through transition-linked loan (TLL) financing with Sumitomo Mitsui Trust Bank for the construction of a dual-fuel very large crude carrier (VLCC).
Northern Lights: First-of-their-kind liquid CO2 carriers launched in China
The first two LNG-powered, wind-assisted CO2 transportation ships for the Northern Lights project have been launched in China.
Baker Hughes backs European clean energy technology manufacturer
U.S. energy technology company Baker Hughes has made a strategic investment in European clean energy technology manufacturer Elcogen.