Business Developments & Projects
Nord Stream leaks stopped, damage assessment next on schedule
Gas leaks from the Nord Stream 1 and 2 pipelines in the Baltic Sea have stopped after stable pressure was achieved over the weekend, the Danish Energy Agency announced. A stable pressure was achieved on the Nord Stream 2 pipeline on Saturday, 1 October, indicating that the blowout of gas had been co
In focus: Balancing act between energy security and net-zero goals
The global energy crisis has forced nations around the globe to ponder whether they need to pick between energy security and net-zero goals. Can both be obtained simultaneously? This is the question on everyone’s mind.
Paris-based firm buys iXblue
Paris-headquartered Groupe Gorgé has completed the acquisition of iXblue, bringing it under the same roof as ECA Group. According to iXblue, the two companies will benefit from a global workforce of 1,500 persons and will achieve an annual turnover of €250 million. “In addition to our complementary
Prosafe unit staying longer in UK North Sea
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units in the UK North Sea.
Paimpol-Bréhat tidal energy test site gets subsea link upgrade
The Paimpol-Bréhat tidal energy test site has been upgraded with a reconfigured subsea link, which is expected to facilitate the demonstrations of tidal turbine technologies offshore Brittany region in France.
Denmark and Belgium sign landmark agreement for CO2 transport
Denmark, Flanders and Belgium have signed an agreement to cooperate on the transport of CO2 between the two countries with a view to permanent geological storage. Besides the framework on carbon capture, utilization, and storage (CCUS) cooperation, the parties have concluded an arrangement on how cr
Amogy launches operations in Norway; sets sights on commercializing ammonia-to-power technology
US-based ammonia power solutions company Amogy has launched operations in Norway and hired a former director at Yara Clean Ammonia to work on accelerating the company’s effort in commercializing its ammonia-to-power technology. Amogy announced the opening of its Norway operations on 29 September wit
EnQuest taps Allseas for North Sea platform topsides removal
EnQuest has achieved a milestone in the decommissioning of the Heather asset in the UK North Sea following the award of a topside removal contract.
Onboard carbon capture makes most business sense for large tankers & newbuilds
Onboard carbon capture with chemical absorption on large tankers has the best business cases, according to a new report by Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. The technology has been on the receiving end of a lot of criticism as a costly and inefficient way of reducing CO2 emissi
Geophysical survey underway at 1 GW Irish offshore wind farm site
A geophysical survey campaign has started at the project site of SSE Renewables’ Braymore Wind Park in the north Irish Sea. The campaign will involve the deployment of towed equipment from survey vessels and is expected to be completed by early November 2022, subject to weather and operational const
Series of contracts to keep DOF fleet busy for over 680 vessel days
DOF Subsea has secured multiple contracts in the Atlantic region and in the Gulf of Mexico totaling more than 680 vessel days and bringing in around $108 million. DOF Subsea will use its Skandi Acergy, Skandi Constructor, Skandi Seven, Skandi Skansen, Skandi Hera and selected third-party vessels for
More work with Equinor added to Odfjell rig’s backlog
Equinor has decided to exercise its option to add another well to the backlog of an Odfjell Drilling-owned rig.
Exowave and JD-Contractor form strategic wave energy partnership
Denmark-based subsea services provider JD-Contractor has made a strategic move into the growing wave energy sector by forming a partnership with compatriot wave energy developer Exowave.
As current CFO heads for the exit, Equinor picks out new one
Equinor has appointed a new CFO as its current one has decided to step down from the role to pursue a career outside the firm.