Business Developments & Projects
Aker Solutions taps PaleBlue for ROV simulator
PaleBlue has delivered a “modern” remotely operated vehicle (ROV) engineering simulator to Norwegian oilfield services provider Aker Solutions. The simulator will be used to help Aker Solutions simulate the behavior of the subsea robots/ROVs in a controlled environment, performing accessibility chec
IOG frustrated as severe weather hampers UK gas project start-up
IOG is experiencing a further delay in the start-up of its Saturn Banks Project – Phase 1 due to stormy weather conditions.
REG, Bunker Holding partner up to advance biodiesel use in shipping industry
Renewable Energy Group (REG), a producer and supplier of renewable fuels, has entered into a strategic global collaboration agreement with Bunker Holding Group, a supplier and trader of marine fuels, to further develop the U.S. and EU marine markets for sustainable bio-based diesel.
ML (UK) Dredging ready for the Port Solent campaign
Annual maintenance dredging of the Port Solent Approaches will commence next week on March 1, 2022, according to the Premier Marinas Ltd. This routine dredging of the lock entrance and approach channel of Port Solent Marina will be conducted by ML (UK) Dredging Ltd. “External contractors, ML Dredgin
In focus: Industry working to realise hydrogen and CCS markets potential via cross-sector collaboration
The interest in hydrogen and CCS value chains has been picking up, evident through various projects and collaborations revealed this week.
Malta launches tenders for pipeline to Italy in push to end gas isolation
A company from Malta has launched three tenders seeking services for a 159-kilometer long interconnector that will connect the island to Italy, ending its gas isolation with the connection to the trans-European Gas Network.
NES battery, control systems for Scandlines’ zero-emission ferry
Turkish Cemre Shipyard has awarded HAV Group subsidiary Norwegian Electric Systems AS (NES) a contract to supply the battery and control systems, plus act as system integrator for a zero-emission ferry being built for Scandlines.
Industry players team up for subsea storage solutions
NOV, a provider of technology solutions, has signed an agreement with a group of energy players in a joint industry project (JIP) to work on an economical subsea storage solution for the market.
Lukoil increases stake in BP’s Shah Deniz after closing Petronas deal
Lukoil has completed the acquisition of Petronas’ interest in the BP-operated Shah Deniz natural gas project in the Caspian Sea.
GTT wraps up 2021 with 68 LNG carrier orders
French LNG containment specialist Gaztransport & Technigaz (GTT) reports solid earnings at high-end of annual targets for 2021, with 68 LNG carrier orders, amongst others.
Germany’s 9 largest seaports call for new ideas to cut ship emissions
EU’s proposal to expand shore power is not the right strategy to obtain a sustainable reduction in emissions by shipping, German seaports believe.
Fugro reports positive year despite ongoing pandemic impacts
Fugro has reported a revenue increase of 5.8% for the financial year 2021 compared to 2020, accompanied by a 21% revenue increase from renewables, led by buoyant offshore wind activity levels. EBITDA for the full year increased to €175.6 million, said to be driven by improvements in Europe-Africa an
Repsol gains consent for North Sea field life extension
Norwegian offshore safety regulator has granted Repsol consent for life extension for a field located in the North Sea off Norway.
Wilhelmsen buys into Reach Subsea to scale up remote subsea ops
Norwegian maritime group Wilhelmsen has acquired a 21% stake in the compatriot subsea contractor Reach Subsea to position itself in the renewable value chain and explore the remote subsea concept.