Business Developments & Projects

Royston wraps up engine overhaul works on the world’s largest subsea construction vessel
Marine engineering and maintenance specialist Royston has completed service and repair works on essential diesel power units onboard TechnipFMC’s Deep Blue vessel.

thyssenkrupp to deliver fuel cell production line to TECO 2030’s Narvik site
Norwegian cleantech company TECO 2030 and Germany’s engineering company thyssenkrupp Automation Engineering have signed a memorandum of understanding (MoU) to supply the total PEM fuel cell production line to TECO 2030’s Innovation Center in Narvik, Norway.

Aker BP all set to deploy AKOFS vessel for well intervention work off Norway
Aker BP has received consent from Norway’s regulator to use one of AKOFS Offshore’s well intervention vessels on a field in the Norwegian Sea.

EemsEnergyTerminal welcomes both FSRUs
EemsEnergyTerminal in the Netherlands is now entering the next phase, making the terminal technically ready, after both of its FSRUs arrived at the terminal. This new LNG terminal at Eemshaven is to increase the security of the energy supply in order for the Netherlands and Europe to become less dep

Alfa Laval to provide fuel supply system for WinGD methanol engines
Swedish sustainable solutions provider Alfa Laval and Swiss engine designer WinGD have established a joint programme in which Alfa Laval will develop the fuel supply system for WinGD methanol engines.

WATCH: North Sea platform removal by Allseas’ Pioneering Spirit
Earlier this summer, Allseas’ Pioneering Spirit completed the decommissioning of Repsol Norge’s Gyda platform from the North Sea.

Shift Clean Energy, STADT partner up to electrify global shipping
Canadian energy storage solutions provider Shift Clean Energy has joined forces with a Norwegian vendor and system integrator of electric propulsion STADT to deliver sustainable propulsion and energy storage solutions to the marine industry.

Solstad bags new contract for Normand Mermaid
Norwegian shipowner Solstad Offshore has entered into a new contract for its subsea construction vessel (CSV) Normand Mermaid. The award is in direct continuation of its current contract with the present client for the vessel, Solstad said. The new contract will keep Norman Mermaid fully utilized to

Argeo picks enterprise asset management solution for its AUVs
Argeo has signed an agreement with Prevas for an Enterprise Asset Management (EAM) solution that will support the advanced operation of its autonomous underwater vehicles (AUVs). The two parties signed the agreement in April for the implementation of a Proof-of-Concept (PoC) based on the HxGN EAM (f

Industry, academia urge for 45% or higher renewable energy target by 2030 for EU
The representatives of a number of European energy industry associations and universities have issued a joint letter, urging for the adoption of a European-wide 45% or higher renewable energy target by 2030 to counteract rising energy prices.

Ports of Stockholm to invest in hydrogen
Ports of Stockholm is investing in hydrogen and is kicking off a hydrogen fuelling station procurement for Stockholm Norvik Port.

Rystad: Oil & gas exploration on the decline with global awarded acreage near all-time lows
Rystad Energy forecasts that global oil and gas exploration spending and activities are expected to shrink even further this year.

Stolt Tankers chooses Yara’s propulsion optimisation tech for 7 more ships
Norwegian tanker operator Stolt Tankers and compatriot technology company Yara Marine Technologies have signed an agreement to equip a further seven tankers with Yara Marine’s FuelOpt propulsion optimisation technology.

New contracts bring Reach Subsea €20 million
Reach Subsea has secured new contracts amounting to over NOK 200 million (around €20 million) in total, including an “important strategic” contract in Brazil. According to the Norwegian company, the contract in Brazil is the first result of a strategic partnership with a Brazilian offshore company.