Business Developments & Projects
TGS buys ION’s multi-client and processing business
TGS has completed the transaction to acquire the multi-client and processing business of ION Geophysical Corporation, referred to as the E&P Technology and Services (EPTS) business. The acquisition includes all of ION’s global offshore multi-client data library, data processing and imaging capabilit
McDermott to manage Heracless hydrogen project
Indian steel-making company Tata Steel has picked U.S. offshore engineering player McDermott to shape and manage the execution of the hydrogen project Heracless near Amsterdam.
Tyra module for TotalEnergies’ North Sea project sails away from Indonesian yard
McDermott International has completed the sail away of a gas processing module for TotalEnergies’ field located in the Danish North Sea.
Latvian government supports Skulte LNG terminal
The Latvian government has agreed to provide the object of national interest status to the Skulte LNG terminal, the LNG import terminal project in the Skulte Port
Bombora Wave Power scouts for marine ops services for mWave demonstrator
Bombora Wave Power is looking to appoint a contractor who would provide marine operations services for its mWave wave energy demonstration project.
UK regulator grants Centrica the go-ahead for gas storage project
Centrica has received the green light from the UK’s North Sea Transition Authority for a gas storage project in the Southern North Sea.
New CEO in charge of Saipem following Caio’s resignation
Italian oilfield contractor Saipem has appointed a new chief executive officer (CEO) following the resignation of its current CEO.
New contracts for four Solstad subsea construction vessels
Norway’s Solstad Offshore has won four new contracts with companies from the offshore wind and oil & gas industries for its subsea construction vessels (CSVs). The contracts have been awarded for Normand Australis, Normand Fortress, Normand Frontier and Normand Navigator. Activities will be carried
Viking Line opts for Elomatic’s solution to reduce energy consumption
Finland-based shipping company Viking Line has decided to install a resistance-reducing solution on its Viking Grace ship in order to improve its energy efficiency. Viking Line has ordered the Elogrid solution from compatriot engineering and consulting company Elomatic for Viking Grace, which is the
Mitsui invests $7 million in Norwegian Hydrogen
Japanese trading company Mitsui & Co. has invested invests NOK 70 million (around $7 million) in Norwegian Hydrogen, the company that will build and operate green hydrogen production sites in the Nordic region.
Avance Gas secures financing for last two newbuild dual-fuel VLGCs
Norwegian shipping company Avance Gas has raised long-term financing for the two last remaining liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs) newbuildings.
Russia halts Nord Stream 1 gas supply to Europe again ‘due to maintenance’
State-owned Russian gas company Gazprom has again shut off the Nord Stream 1 pipeline that supplies Europe with gas due to maintenance. Nord Stream 1 has been running at reduced capacity following a ten-day shutdown in July and in the past month, the flow was at approximately 20% of normal capacity.
TOWT orders second wind-powered cargo ship
French sailing freight transport company TransOceanic Wind Transport (TOWT) has contracted compatriot shipyard Piriou for the construction of the second 81-metre sailing cargo ship. TOWT ordered the first wind-powered ship at the same shipyard at the beginning of the year. Its delivery is scheduled
Spud date for Black Sea campaign postponed while rig undergoes repairs
The start of Trillion’s 2022 – 2023 drilling campaign on a gas field in the Black Sea has been delayed until rig repairs are completed.