Business Developments & Projects
RINA okays Med Marine’s methanol dual-fuel tugboat design
Classification society RINA has granted approval in principle (AiP) for a methanol dual fuel tugboat designed by Turkish shipbuilding company Med Marine.
Maritime data cluster launched to drive green smart port revolution
A group of international ports is collaborating through the UK’s 2050 Maritime Innovation Hub to launch a Maritime Data Cluster aimed at accelerating the green smart port revolution. The cluster, the first of its kind, aims to facilitate sharing of non-commercial data between ports to achieve collec
‘UK’s largest gas storage site’ back in operation ahead of winter to boost energy security
Centrica has increased the UK’s storage capacity by 50 per cent with the reopening of a gas storage facility in the Southern North Sea.
Survey at Malta-Italy interconnector nearing final stages
The preliminary marine route survey for the second Malta-Italy electricity interconnector is nearing its final stages, project developer InterConnect Malta reported. The seabed survey was split into three sections, including nearshore Malta, offshore – along the route between the two countries, and
Probe launched to see if North Sea operator failed to meet licence obligations
UK’s regulator has opened an investigation to find out whether an oil & gas company has failed to comply with North Sea licence obligations.
Grimaldi welcomes twelfth GG5G hybrid RoRo ship
Italian shipping company Grimaldi Group has taken delivery of the twelfth hybrid roll-on/roll-off (RoRo) ship of the Grimaldi Green 5th Generation (GG5G) class from the Chinese Jinling shipyard in Nanjing.
In focus: Window to meet 1.5°C target is closing, urgent transformation is needed now
As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.
Diamond Offshore’s giant semi-sub rig reaches UK
Diamond Offshore’s giant semi-submersible drilling rig Ocean GreatWhite has reached the Kishorn Port in the UK.
World’s 1st hydrogen-powered tugboat arrives in Belgium
The Hydrotug 1, the world’s first hydrogen-powered tugboat, has arrived in the Port of Ostend, Belgium. The tugboat was built at Armón Shipyards in Navia Spain where it hit the water on 16 May 2022. Following the completion of the finishing touches, the tug arrived in the port of Ostend on Thursday
Equinor gets the all-clear to spud North Sea well
Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
Sanmar lands order for zero-emission electric tug from Norwegian operator
Turkish shipbuilder Sanmar Shipyards has secured an order to provide Norway-headquartered marine services company Buksér og Berging with its first electric tugboat.
High offshore wind demand lifts Fugro
Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably rene
High oil & gas production and prices lift Equinor’s profit
Equinor has recorded “strong financial results” in 3Q of 2022 thanks to increased output, primarily gas, and elevated energy prices.
ADNOC and OMV sign LNG supply deal for winter season 2023/2024
Austria’s integrated oil and gas company OMV and the Abu Dhabi National Oil Company (ADNOC) have signed a memorandum of understanding (MoU) to explore a new partnership in deliveries for liquefied natural gas (LNG). Under the MoU, OMV and ADNOC intend to explore a partnership in LNG supply to suppor