Business Developments & Projects
Equinor closes Veslefrikk chapter in readiness for decom ops
Equinor has shut down the Veslefrikk field, located in the North Sea, in preparation for the upcoming decommissioning activities.
Finland: New project aims to build climate-neutral cruise ship
Finnish shipbuilder Meyer Turku is leading a project that aims to develop carbon-neutral and sustainable technological solutions for cruise ships through an extensive partnership network.
Subsea 7 fleet sports Marlink hybrid network solution
The UK-headquartered Subsea 7 has appointed Marlink to deliver a smart hybrid network solution for its vessels. Marlink will provide a hybrid network solution combining its global Sealink VSAT solution with L-band back-up, global 4G cellular services and connection to the Tampnet network for operati
RESOURCECODE set to launch marine data toolbox for ocean energy developers
The EU-backed RESOURCECODE project is set to launch a marine data toolbox which will provide ocean energy developers with a set of standards and functions for resource assessment and operations planning. The toolbox, produced with the support of Ocean Energy Era-Net Cofund, will be launched at a vir
Neptune to support high levels of gas output from Cygnus with series of contracts
Neptune Energy has awarded a series of contracts to support ongoing operations at its Cygnus Alpha and Bravo platforms in the UK North Sea.
Aker Solutions and Dril-Quip join hands for carbon capture and storage
Aker Solutions and Dril-Quip have entered into a collaboration agreement to offer subsea injection systems for carbon capture, utilization and storage (CCUS) projects. Under the agreement, Dril-Quip will provide Aker Solutions with CO2 injection Xmas trees and wellheads that will be fully integrated
Exposure loss for vehicle owners onboard Felicity Ace estimated at $155M
A fire on the Felicity Ace car carrier off Azores Islands is likely to generate at least $155 million in expected losses for Volkswagen, Porsche, Audi and Lamborghini vehicles on board the vessel, the analysis from risk modelling company Russell showed.
Over $400 million of Valaris backlog hangs in the balance after TotalEnergies abandons project
Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance.
BG Freight opts for Value Maritime’s filtering and CO2 capture system
Dutch logistics services provider BG Freight Line has committed to reducing carbon emissions by installing Value Maritime’s Filtree and carbon capture system onboard two of its container vessels.
Hurtigruten initiates its largest environmental ship upgrade program
Norwegian Hurtigruten has begun its environmental ship upgrade program, said to be the largest in its history, to cut CO2 emissions and pursue the zero-emissions goal.
EU fund buys majority stake in Jifmar Offshore Services
European infrastructure fund Marguerite II is set to acquire a 65% stake in France’s Jifmar Offshore Services from RAISE Investissement. Marguerite said it aims to support Jifmar in its transition to next-generation offshore service vessels operations to address the decarbonization challenges of the
Valencia port to host autonomous container transport system
The Port Authority of Valencia (APV) has approved the concession of land for the installation of the prototype of the Sustainable Electric Freight-forwarder (SELF) autonomous container transport system in the Port of Sagunto.
Odfjell Drilling to replace Seadrill as manager for another rig
Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.
Dutch floating solar unit weathers through major North Sea storms intact
A 50kW offshore floating solar system, developed and deployed by Dutch company Oceans of Energy, has withstood the forces of two major storms that hit the North Sea over the past month.