Business Developments & Projects
STR makes multi-million pound investment in Sonardyne technology
Subsea Technology and Rentals (STR) has made a multi-million pound investment in Sonardyne’s latest acoustic and inertial technologies, including seafloor, vehicle and vessel-based positioning hardware. The purchase includes Sonardyne’s Long BaseLine (LBL), Ultra-Short BaseLine (USBL) and inertial n
MAN Cryo to supply FGSSs for new dual-fuel car carriers
MAN Cryo, part of German engine manufacturer MAN Energy Solutions, has signed a contract with China’s Yantai CIMC Raffles Shipyard for the delivery of fuel-gas supply systems (FGSSs) to a new series of two dual-fuel, 6,500 pure car carriers.
MPS looks for fabrication and assembly hand for wind and wave energy hybrid
Welsh company Marine Power Systems (MPS) has launched a new tender for contractors to provide assistance with the development of megawatt-scale wind and wave energy project in Spain.
Connector Subsea Solutions buys compatriot valve manufacturer
Norwegian Connector Subsea Solutions (CSS) has acquired Norvalves, a compatriot company that designs and manufactures subsea valves and connectors. The Norvalves workforce of 16 people based in Ågotnes will be transferring to CSS with immediate effect. The acquisition is said to supplement CSS’ subs
Longboat gains access to OMV’s two ‘high-quality, gas-weighted’ wells off Norway
Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.
Kosmos Energy says Greater Tortue Ahmeyim LNG project is 75% complete
The BP-led Greater Tortue Ahmeyim LNG project on border of Mauritania and Senegal is 75 per cent complete, according to Kosmos Energy.
Klaipeda LNG terminal receives 1st delivery of LNG for PGNiG
The Lithuanian LNG terminal Klaipeda LNG has received the first cargo of liquefied natural gas for Polish gas firm PGNiG.
Van Oord orders study on Sofia inter-array cable stability
Van Oord has contracted Peritus International to perform a study on inter-array cable stability for RWE’s Sofia offshore wind farm in the UK. The scope consists of calculating the on-bottom stability for the inter-array cables in challenging environmental conditions and shallow water. According to P
Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says
Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.
In focus: Great determination for creating net-zero future
A lot of companies involved in the offshore energy sector have already introduced their plans on how to reach the net-zero emissions status by a certain point in the future. In this week’s In Focus, we are spotlighting the most recent projects aiming to achieve these goals.
Yara mulls IPO of clean ammonia business
Norwegian chemical company Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange.
Standard ETC pays $10 million for stake in Norwegian offshore drilling contractor
S.D. Standard has acquired an interest in the Norway-based offshore drilling contractor, Dolphin Drilling, through an equity issue.
New energy innovation campus in UK set to transform large-scale manufacturing
The Arrol Gibb Innovation Campus (AGIC) has been launched in Scotland with the aim to transform large-scale manufacturing for energy transition-related sectors.
Italian cabling giant launches share-incentive plan for over 25,000 employees
Prysmian Group has launched an innovative share-based variable remuneration and profit-sharing plan in company shares, aimed potentially at more than 25,000 employees between blue and white-collar workers in over 35 countries. Approved by a majority at the Shareholders’ Meeting, the plan will run ov