Business Developments & Projects
Two firms to pool resources for large-scale industrial CCS project
Neptune Energy has joined forces with Horisont Energi for the development of a large-scale carbon capture and storage project in Norway.
Mocean Energy strengthens board with two key appointments
Mocean Energy has appointed a former oil and gas executive, and a climate change expert to its board to help commercialize its Blue Star wave energy device and raise investment.
Odfjell rig spuds gas prospect in Norwegian Sea for Polish player
PGNiG has started drilling a gas prospect located in the Norwegian Sea, using a rig managed by Odfjell Drilling.
Aker Solutions, Schlumberger and Subsea 7 to set up subsea joint venture
Aker Solutions, Schlumberger and Subsea 7 have entered into agreements to form a joint venture, with the goal of delivering a step change in subsea production economics. The proposed joint venture will comprise the subsea businesses of Schlumberger and Aker Solutions, with Subsea 7 purchasing 10% of
HAV Hydrogen to launch containerized H2 systems for ships
Norwegian supplier of hydrogen-based energy systems for vessels HAV Hydrogen, a subsidiary of HAV Group, is set to introduce a deck-based containerized hydrogen energy system for ships and fast-track the commercial use of hydrogen as ship fuel. As described, the solution is a stand-alone, scalable p
Two oil & gas firms to develop CCS project that connects Germany & Norway
Equinor and Wintershall Dea have agreed to pursue the development of an extensive carbon capture and storage (CCS) value chain.
Meyer Werft: LNG-powered cruise ship Arvia floated out
On 27 August, the new cruise ship Arvia being built for the British cruise line P&O Cruises left Meyer Werft’s covered building dock in Papenburg, Germany.
Seismic trio welcomes new partner to unified multi-client data ecosystem
Schlumberger has joined Versal, a unified multi-client seismic data ecosystem that seismic players PGS, TGS and CGG launched last year. Versal is said to be an independent, secure, cloud-based, multi-client seismic data ecosystem where energy companies can easily access all their data and entitlemen
Offshore installation of Shetland HVDC link moving ahead
NKT will soon start the first of two rock placement campaigns at the Shetland HVDC link on behalf of Scottish Hydro Electric Transmission. The first rock placement campaign is expected to commence on 15 September the earliest, with works planned to be completed by 5 November. Rock placement vessel H
Meriaura owner steps into thermal energy business with Savosolar merger
VG-Shipping Oy, the parent company of Finnish marine logistics company Meriaura Oy, revealed it will become a majority owner of compatriot solar thermal systems provider Savosolar Oyj.
QED Naval’s crowdfunding campaign gets 210% oversubscribed
Scottish marine energy company QED Naval has informed that its ongoing crowdfunding campaign has already been 210% oversubscribed, with two more days left for additional investments.
Verlume bolsters leadership team
Verlume, a UK-based intelligent energy management and storage technologies specialist, has strengthened its leadership team with several new appointments.
Norwegian oil firm to invest over $15 billion in development projects
Norwegian oil and gas company Aker BP will invest NOK 150 billion or over $15 billion in development projects on the Norwegian continental shelf over the next five to six years.
Geophysical surveys starting at Irish 1 GW floating offshore wind project
A geophysical site survey campaign is set to begin in September at the proposed Inis Ealga Marine Energy Park floating offshore wind project in Ireland. DP Energy Ireland plans to kick off the geophysical surveys on 2 September at the site located off counties Cork and Waterford. The works will be c