Business Developments & Projects
Substantial investment in UK oil & gas needed to ensure energy security, says OEUK
Offshore Energies UK (OEUK) warns that more investment is required in oil and gas reserves to maintain production and ensure energy security.
Energy Transfer and Shell ink Lake Charles LNG supply deal
U.S. firm Energy Transfer will supply LNG to energy giant Shell from its Lake Charles LNG export facility under a 20-year agreement.
Equinor, Vår Energi to support subsea multiphase pump development
Norwegian oil and gas producers Equinor and Vår Energi have joined FASTSubsea’s program to develop and test a low-cost topside-less subsea multiphase pump, a project also supported by Malaysian operator Petronas. Under the agreement, Equinor and Vår Energi will support the development and testing pr
Despite strong rebound, Rystad sees hard times ahead for Russia’s upstream sector
Despite the resilience shown by Russia’s upstream sector beset with sweeping sanctions, Rystad Energy believes “the worst is yet to come.”
Ramboll, Primo Marine win consultancy work on subsea cable routes for Danish energy islands
Danish engineering company Ramboll and its Dutch counterpart Primo Marine have been awarded contracts for consultancy services on the subsea cable routes for the two energy islands planned to be established in Denmark. The contracts, valued at a total of €828,362 and awarded by the transmission syst
Everfuel plans to build Holstebro green hydrogen hub
Danish green hydrogen fuel provider Everfuel plans to build a hydrogen hub in Holstebro to support regional energy transition and accelerate the scale-up of green hydrogen as a zero-emission fuel.
New five-year deal for Odfjell rig with Aker BP
Aker BP has added a significant order backlog to an Odfjell Drilling-owned rig with a five-year firm contract award in Norway.
Fugro’s new ultra ultra high resolution seismic system passes offshore tests
Fugro has completed a series of trials and testing configurations for its new ultra ultra high resolution (UUHR) seismic system off the coast of the Netherlands. The SeisWind 3D system is designed to offer an efficient data acquisition footprint with the highest resolution to enable detailed ground
Stena Line’s carbon emissions down by 11 pct
Swedish ferry company Stena Line has decreased the carbon emissions by 11% per tonne of cargo carried over each nautical mile, as well as a achieved a reduction of 4% total ship emissions compared to pre-Covid operations, the company revealed in its new sustainability report.
Neptune’s North Sea infill campaign to unlock more gas
Oil and gas company Neptune Energy has started an infill drilling campaign at its operated Cygnus gas field in the southern North Sea.
CorPower Ocean completes dry test program for C4 wave energy converter
CorPower Ocean’s first commercial-scale C4 wave energy converter has completed a one-year on-land testing program, following a final ‘Ironman’ endurance exercise.
New decom gig in UK for marine consultancy firm
ABL Group has been enlisted by Centrica’s subsidiary Spirit Energy for decommissioning support on three oil and gas platforms in the UK.
EverWind Fuels and E.ON partner up for green ammonia import
EverWind Fuels and E.ON have agreed to import green ammonia at scale to Germany starting in 2025 from EverWind’s initial production facility in Point Tupper, Nova Scotia.
SFK Kiel christens second all-electric ferry
Germany’s Schlepp- und Fährgesellschaft Kiel (SFK) has christened its second all-electric ferry, MS Wellingdorf.