Business Developments & Projects
North Sea wildcat well comes up dry
Norwegian oil and gas company Equinor has found no traces of hydrocarbons in its latest exploration well located offshore Norway.
Maersk secures green fuel supply for 12 methanol-powered boxships
Danish container shipping and logistics giant Maersk has signed several separate deals to secure green fuel supply for its fleet of twelve new methanol-powered vessels.
UK securing shipbuilding future with $5 billion investment
The UK government is planning to invest £4 billion (approximately $5.3 billion) in the country’s regional shipbuilding industry as it prepares to publish refreshed National Shipbuilding Strategy (NSbS).
MAN gets new subsea compressor order after world’s first units reach operational milestone
Equinor has awarded MAN Energy Solutions with a new contract to supply a subsea compressor unit for the Åsgard gas field offshore Norway in order to enhance production and extend the field’s lifetime. The order comes as the existing MAN subsea compression trains achieved 100,000 operational hours si
Welsh marine energy center proves a smooth ride for tidal testing tool
A novel tidal testing tool has been put through its paces at Marine Energy Test Area (META) in Wales as part of a study to pinpoint the best sites for tidal turbines in the Milford Haven Waterway.
MAN engines to power Northern Lights’ liquid CO2 carriers
Chinese Dalian Shipbuilding Industry has ordered two ME-GI dual-fuel engines from German MAN Energy Solution for the construction of two liquid CO2 carriers for Northern Lights, the joint venture between energy majors Equinor, Shell and TotalEnergies.
Ocean energy back on track, OEE statistics show
Ocean energy deployments are back to pre-pandemic levels, with Europe installing over ten times as much tidal energy capacity and three times as much wave energy compared to 2020, according to a new report released by Ocean Energy Europe (OEE).
James Fisher inks seasonal charter agreement for 2011-built MPSV
James Fisher has signed a seasonal charter agreement for Go Marine Group’s multi-purpose service vessel (MPSV) Go Electra, following, as the company describes, an extensive vessel research and evaluation process. The agreement will see the vessel used throughout the remainder of 2022 by James Fisher
IEA-OES: Sustained innovation and cross-border collaboration marks 2021 for ocean energy
Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has provided an overview of ocean energy activities in 2021 in its newly released annual report.
WATCH: Pioneering Spirit vessel installs final Sverdrup platform
The world’s largest heavy-lift vessel, Pioneering Spirit, has installed the fifth and final platform at the Johan Sverdrup field.
NEL ramps up production capacity to meet EU’s hydrogen ambitions
Norwegian hydrogen company NEL ASA says it will increase its electrolyser production capacity to meet the EU’s raised ambitions for renewable hydrogen.
Hapag-Lloyd buys container liner business of Africa specialist DAL
German container shipping company Hapag-Lloyd has decided to acquire the container liner business of compatriot carrier Deutsche Afrika-Linien (DAL).
Noble and Maersk reveal board members for ‘unmatched player in offshore drilling market’
Offshore rig owners Noble Corporation and Maersk Drilling have revealed a board of directors for the new combined company.
Spirit Energy gives out North Sea decommissioning contracts
UK’s Spirit Energy Production has awarded DeepOcean and Heerema Marine Contractors with contracts for removal and disposal services of its North Sea decommissioning portfolio. Following the submission of a joint tender, both companies won contracts that will be executed under a tripartite collaborat