Business Developments & Projects
Harland & Wolff secures five-year contract for subsea infrastructure fabrication
Northern Ireland-based Harland & Wolff has inked a five-year master services agreement with what it says is a global oil services company for the fabrication of subsea structures. The work will take place at the Arnish yard situated on the Isle of Lewis. Harland & Wolff received its first purchase
British firm gets its hands on partial stake in giant undeveloped North Sea oil field
Viaro Energy has received regulatory approval related to the acquisition of a partial interest in a huge undeveloped oil field on the UKCS.
Hyundai Samho hands over final LNG carrier to Alpha Gas
Greek ship management company Alpha Gas has expanded its LNG carrier fleet with the delivery of the newbuild Energy Fortitude. The LNG carrier is the last of three vessels built by South Korean shipyard Hyundai Samho Heavy Industries (HSHI) under Alpha Gas’ most recent LNG project. The Greek company
UK continues tidal stream ringfence for third year, increases budget
The UK government has set a £10 million ringfence for tidal stream in this year’s renewables auction, representing a third consecutive year. The UK Department for Energy Security and Net Zero (DESNZ) announced that tidal stream and wave energy will compete in Pot 2 of the Contracts for Difference (C
Shell and Bloom Energy forge hydrogen alliance
American solid oxide fuel cells producer Bloom Energy has signed an agreement with UK-based energy giant Shell to study decarbonization solutions, utilizing its proprietary hydrogen electrolyzer technology. Specifically, Bloom and Shell agreed to collaborate on developing replicable, large-scale, so
Large crane order for Prysmian’s new cable layer lands on MacGregor’s desk
VARD has placed an order with MacGregor, part of Cargotec, for three cranes to be installed onboard Prysmian’s new cable-laying vessel (CLV). MacGregor will deliver a 100-tonne active heave-compensated (AHC) crane, a 20T offshore crane and a 3T deck crane to equip Prysmian’s third NB970 CLV from VAR
Seatrium hosts strike steel ceremony for MODEC’s Brazil-bound FPSO – gallery
Seatrium has welcomed the first steel fabrication milestone for the construction of a new FPSO destined for a project off the coast of Brazil.
BV: Energy insetting key to providing pathways for ‘earliest possible’ adoption of new fuels
Classification society Bureau Veritas (BV) has unveiled the results of new modeling research which confirmed the potential hefty cumulative impact of operational and technical efficiency measures in keeping shipping within its “carbon budget” to 2050.
With construction nearing completion, FPSO on course for first gas next year
BW Offshore is coming closer to the end of the construction phase for a floating production storage and offloading (FPSO) vessel.
Cenos floating wind project to perform surveys to revalidate NorthConnect data from 2017
The developers of the 1.4 GW Cenos floating offshore wind project in Scotland are set to run a nearshore survey campaign in March to revalidate data collected in 2017 by NorthConnect, an interconnector project whose infrastructure Cenos planned to use to connect to the grid. Starting on 11 March, th
Tropical storm-proof OTEC system nears fabrication phase
Seven European partners are set to begin fabrication of an ocean thermal energy conversion (OTEC) platform said to be capable of surviving in tropical storm areas, destined for deployment offshore Spain. Being developed under the EU-funded project PLOTEC, fabrication of the system is to begin this m
TotalEnergies and QatarEnergy entering South African offshore block
TotalEnergies and QatarEnergy have laid the groundwork to expand their presence in the Orange Basin by getting interests in a block off South Africa.
Hanwha sets up new division to build eco-friendly fuel engines
South Korean conglomerate Hanwha Group has launched a new affiliate, Hanwha Engine, after acquiring marine engine company HSD Engine.
Tekmar says 2023 pivotal year, despite instability in offshore wind market
Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted