Business Developments & Projects
After Cyprus gig, ultra-deepwater drillship from Vantage heading to Africa
Vantage has secured a new contract with TotalEnergies for one of its ultra-deepwater drillships, which is currently operating in the Mediterranean.
Finland’s first FSRU to be placed at Fortum’s Inkoo port
Finnish energy companies Gasgrid and Fortum have agreed on placing Finland’s first floating LNG terminal, the FSRU Exemplar, at Fortum’s Inkoo port.
Environmental impact assessment provider wanted for Malta-Sicily interconnector
Government-owned InterConnect Malta has launched a tender looking for a provider of an environmental impact assessment for the Italian part of the second Malta to Sicily electrical interconnector. The selected party will be in charge of analyzing the environmental impacts, if any, of the laying of t
After fast-track removal, Pioneering Spirit takes latest Valhall load to Stord
Pioneering Spirit is back in Stord, Norway to deliver multiple decommissioned platform facilities removed from the Valhall field complex, located in the North Sea.
HelioRec teams up with Rexplorer for floating solar projects
French start-up HelioRec has partnered up with Estonian software company Rexplorer to accelerate the development of floating solar projects.
Plug and Play launches hydrogen startup accelerator
The global innovation platform Plug and Play Tech Center has launched the H2 Startup Accelerator in Hamburg, Germany, as one of the world’s first hydrogen-centric startup accelerator programs.
ABS, DSME, GasLog team up for carbon-neutral shipping
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), classification society ABS and Greek LNG shipping services provider GasLog have joined forces to work towards carbon-neutral shipping. Specifically, the three companies signed a joint development project (JDP) focused on devel
Germany to support H2 Industries in clean hydrogen projects
The German government has agreed to facilitate New York-based hydrogen company H2 Industries in supplying clean hydrogen to Germany.
New offshore cable logistics and rental firm coming to market
UK’s Swan Hunter and the Norwegian PASSER Group have agreed to merge their cable rental and logistics operations into a new company that will service the offshore energy sector. PASSER LARS (Logistics And Rental Solutions) will provide existing and new clients within the offshore energy markets with
Fresh Barents Sea discovery gives Equinor option for another Castberg tie-back
Equinor has made a minor oil and gas discovery in the Barents Sea and will consider a tie-back to its operated Johan Castberg field.
Sneak peek: World’s first long-range autonomous research vessel
Plymouth Marine Laboratory has revealed designs for what is said to be the world’s first long-range autonomous research vessel, capable of collecting data for research into climate change, biodiversity, fisheries and biogeochemistry. Plymouth-based M SUBS Ltd was commissioned to design the 24-meter
Norwegian floater slated for extensive upgrade while operating offshore
OSM Offshore has been tasked with carrying out upgrade modifications on an FSU, which is deployed at Equinor’s field in the Norwegian Sea.
Equinor and Cheniere sign 15-year LNG purchase deal
Norwegian energy giant Equinor and U.S. LNG exporter Cheniere have signed a 15-year purchase agreement of around 1.75 million tonnes of LNG per year starting from 2026.
DeepOcean to upgrade subsea vessel to battery power for renewed charter
DeepOcean has entered into a new two-year time charter agreement with Norwegian shipowner Volstad Maritime for the Volantis subsea construction vessel, with plans to upgrade it to battery power. The vessel will be upgraded with battery power notation before commencing the contract in the first quart