Business Developments & Projects
World’s first use of SNG in commercial shipping cuts GHG emissions
A 1,036 TEU containership has reduced its greenhouse gas (GHG) emissions by 27% by operating on a blend of climate-neutral, synthetic natural gas (SNG) and conventional liquefied natural gas (LNG), compared to LNG alone.
DeepOcean eyes offshore renewables growth with new acquisition
DeepOcean has acquired the Norwegian engineering and technology company Installit and its subsidiaries in order to accelerate offshore renewables growth. Founded in 2000, Installit provides project management and engineering services within subsea cable installation and repair, including HV cables,
Saipem scores $150M maintenance contract for Mozambique’s Coral Sul FLNG
Italian offshore contractor Saipem has been awarded a $150 million maintenance contract for Eni’s Coral Sul FLNG offshore Mozambique.
IKM Testing bags another Tyra redevelopment deal
IKM Testing AS has signed a contract with TotalEnergies and its Danish Underground Consortium partners Noreco and Nordsøfonden to work on the Tyra redevelopment project.
Albania’s 500kWp floating solar plant restarts commercial operation
The first floater of the Banja floating solar project, developed by Statkraft and Ocean Sun, has restarted its commercial operation following an incident last summer.
DOF Subsea hits 99% repurpose rate on latest decommissioning project
DOF Subsea has achieved a 99% rate for the combined recycling and repurposing of recovered materials on its decommissioning project at the Buchan and Hannay fields in the Central North Sea. The offshore works, carried out using Skandi Acergy and Skandi Skansen, included the recovery of 135 concrete
Golar LNG sales shared in NFE to raise $250M for FLNG
LNG shipper Golar has sold a part of its shares in gas-to-power developer New Fortress Energy (NFE) to invest in FLNG projects.
New JV to provide LCO2 shipping solutions to European CCS projects
French industrial gases company Air Liquide and compatriot maritime firm Sogestran have signed an agreement to form a joint venture (JV) focused on providing large-scale liquid CO2 (LCO2) shipping and barging solutions.
Subsea 7 hires Corinth Pipeworks to provide linepipe for Hasselmus project
Corinth Pipeworks, the steel pipe segment of Cenergy Holdings, has secured a contract with Subsea 7 to provide linepipe for the tie-back of the Hasselmus gas discovery to the Draugen production platform in the Norwegian North Sea.
Solstad completes its divestment campaign after offloading six more vessels
Solstad Offshore has sold additional six vessels in a bid to reduce its debt by successfully completing its divestment strategy.
EverLoNG ship-based carbon capture project wins EU funding
A cross-boundary project involving science and industry experts has landed €3.4 million ($3.7 million) from an EU climate action fund to accelerate the uptake of ship-based carbon capture (SBCC) by international shipping companies.
LNG-fueled PCTC design wins DNV approval
GTT and Deltamarin have been awarded an approval in principle from the Norwegian classification society DNV for a new LNG-fueled PCTC design.
Canada caught between a rock and a hard place as decision on giant new oil project draws near
The Canadian government has found itself between a rock and a hard place when it comes to new oil and gas projects with pressures of climate change and the urgent need to transition to clean energy sources on one side and growing concerns over energy security on the other.
EU bans Russian vessels from ports, ‘edges closer’ to banning Russian oil imports
The European Union members have announced a new, fifth round of sanctions against Russia and its businesses due to the war in Ukraine.