Business Developments & Projects
TES pushes Wilhelmshaven green energy hub development
TES) is initiating the acceleration of its plans to develop the German port of Wilhelmshaven into a world-scale green energy hub.
New batch of contracts for North Star fleet marks its ‘most sizeable order book’ in years
North Star has inked contracts totalling over $133 million, marking its most sizeable ERRV order book in recent years.
Wintershall Dea writes off Nord Stream 2 financing over Russia’s attack on Ukraine
German oil and gas company Wintershall Dea has decided not to advance or implement any additional oil and gas production projects in Russia and to write off its financing of the Nord Stream 2 project totaling around €1 billion. In a recent personal statement, Wintershall Dea’s chief executive Mario
ConocoPhillips picks up drilling permit for Norwegian Sea wildcat
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips Skandinavia a drilling permit for a wildcat well located offshore Norway.
Subsea contractor targets electrification market for oil & gas through offshore wind
Norwegian subsea contractor Havfram has revealed its goal to become one of the future leaders in the electrification market for oil and gas production assets through offshore wind developments. The move comes after Havfram changed its name from Ocean Installer back in December 2020 to reflect its in
Some of the world’s largest backhoes hard at work on Fehmarnbelt project
Femern A/S has announced that their contractors are making great progress on the construction of the Femern tunnel on the German side by Puttgarden. The tunnel portal, where the traffic will be driven in and out of the tunnel, is clearly seen in the water. Contrary to the Danish portal, the tunnel r
Neptune going ‘beyond net-zero’ in bid to store more CO2 than it emits by 2030
Neptune Energy has set a new target to store more CO2 than is emitted from its operations and the use of its sold products by 2030.
New floating wind farm proposed to be built offshore Italy
Another 30-year concession request has been submitted to one of the local authorities under the Italian Ministry of Infrastructure and Transport for a floating wind farm in the Mediterranean Sea.
Oil prices jump as sanctions spur supply fears while OPEC+ reconfirms output plans
Oil prices touched a peak of $113 per barrel and eased to $111 on Wednesday amid fears about the impact of Russia’s attack on Ukraine and the resulting sanctions.
Container shipping companies halt shipments to and from Russia
Several container shipping majors have temporarily suspended bookings to and from Russia amid the Russian military attack on Ukraine.
Eco Wave Power to relocate wave energy plant from Gibraltar to Los Angeles
Eco Wave Power has outlined plans to relocate its wave energy power plant from Gibraltar to AltaSea’s premises in the Port of Los Angeles.
PXGEO books Eidesvik’s Subsea Viking
Norwegian offshore vessel owner Eidesvik Offshore has won a contract by PXGEO UK for Subsea Viking under the master time charter agreement. The contract will commence ultimo April in direct continuation of the existing standby contract. The firm period is for 100 days with options for extensions. In
Norwegian contractor boasts largest ever delivery after completing another Johan Sverdrup platform
Aibel has completed the construction of the second P2 processing platform for the Equinor-operated Johan Sverdrup project located off Norway.
Wärtsilä to upkeep Viking Line’s climate-smart flagship
The Finnish technology group Wärtsilä has been hired to provide technical management for a broad scope of solutions installed on Viking Line’s new climate-smart ship Viking Glory.