Business Developments & Projects
Boaty McBoatface investigating end-of-life North Sea oil fields to back net-zero path
The UK’s National Oceanography Centre (NOC) has kicked off research on end-of-life oil fields in the North Sea using the robot submarine Boaty McBoatface with the aim of helping monitor and protect the marine environment and support industry transition towards net-zero targets. The Autosub Long-Rang
Norway: Oil production grows in August but gas output falls
Norway recorded lower gas production in August 2022 compared to the figures from July 2022 while the oil output is higher than last month.
UK oil & gas on track to meet interim emission targets but ‘bold measures’ needed for 2030 goal, says regulator
The NSTA says that the UK oil & gas industry is making progress on emission reduction targets but more will be required to reach 2030 goals.
German government takes control of Uniper to secure energy supply
The German government has signed an agreement in principle with energy companies Fortum and Uniper for a long-term solution that will allow the German State to take full control of Uniper and secure energy supply in the country. The parties have agreed on an amendment to the package of measures anno
Vistula Spit navigation channel opens
The official opening of the Vistula Spit shipping channel in Poland took place earlier this week. The geopolitically important project significantly reduces the distance between the Port of Elblag and the Baltic Sea, making the port more accessible to maritime traffic. The Maritime Office of Gdynia
Chevron and partners prepare investment for Aphrodite gas field as Cyprus and Israel push for swift resolution of reservoir dispute
Oil major Chevron and its partners in the Aphrodite gas field off Cyprus have allocated funds for the drilling of an appraisal well and other development costs for the project.
Rio Tinto joins First Movers Coalition to support low-carbon transition
Anglo-Australian mining group Rio Tinto has decided to join the First Movers Coalition, a global initiative to help commercialise zero-carbon technologies by harnessing purchasing power and supply chains.
Minesto to showcase benefits of predictable ocean energy at COP27
Marine energy company Minesto has partnered up with Swedish business delegation to present the benefits of ocean energy at the upcoming United Nations Climate Change Conference (COP27) taking place in Egypt in November.
Seaspan LNG bunkering ships to feature Høglund integrated automation systems
Norwegian integrated automation and energy specialist Høglund Marine Solutions has been selected to deliver integrated automation system (IAS) for three newbuild LNG bunkering vessels being built for Canadian shipowner Seaspan ULC.
Modus and Equinor ink first-ever resident subsea drone contract
UK’s Modus Subsea Services has secured what is said to be the first-ever resident subsea drone contract with Equinor for the provision of subsea intervention drone missions at the Johan Sverdrup field offshore Norway. The scope covers underwater intervention drone operations for the Johan Sverdrup f
Renewables associations call for removal of Innovation Fund’s ‘administrative barrier’
Ocean Energy Europe, along with 10 other renewable energy industry bodies, has sent a joint letter to European Commission, arguing that the Innovation Fund’s third call must recognize the full decarbonization potential of renewables.
Scana rolls out hydrogen-based shore power solution for maritime industry
Scana-owned PSW Power & Automation has demonstrated a hydrogen-based shore power solution designed for the maritime industry. The solution was presented at the pilot facilities on CCB’s shipyard in Ågotnes, Norway, on 19 September. A consortium comprising PSW Power & Automation, Westgass Hydrogen, C
McDermott gets its first subsea project in Angola
McDermott International has been awarded a contract by TotalEnergies for work on its Begonia project in Angola.
Spanish start-up completes wave energy device testing
Bilbao-based marine energy start-up Arrecife Energy Systems has concluded tank testing campaign for its wave energy device as part of the EuropeWave project.