Business Developments & Projects

Repsol to provide LNG to Venture Global’s Plaquemines LNG
Spanish oil and gas company Repsol will provide LNG to U.S. project developer Venture Global for its Louisiana-based Plaquemines LNG export project.

Reach Subsea gets OBN call from the Mediterranean Sea
Reach Subsea has won a contract to perform an ocean bottom node (OBN) campaign in the Mediterranean Sea for an undisclosed client. The activities will be performed by the Havila Subsea spread, with start-up expected early in Q2 2022, representing around 130 project days. Reach Subsea extended the co

Record green hydrogen investment made for Hy2gen
Technip Energies, Hy24, Mirova, and CDPQ have jointly made a record €200 million investment in Germany-based green hydrogen production company Hy2gen.

Johan Castberg FPSO finally sets off to Norway – gallery
Singapore’s Sembcorp Marine has completed the Johan Castberg FPSO hull for Equinor and the vessel is now on its way to Norway.

MSC: New alliance is a major step forward for shipping’s digitalization
As a founding member of the Digital Container Shipping Association (DCSA), Swiss container shipping giant Mediterranean Shipping Company (MSC) has welcomed the creation of the Future International Trade (FIT) Alliance, bringing together five leading industry associations in a commitment to standardi

Borr Drilling believes rig day rates will increase
Borr Drilling has converted several LOAs into contracts, secured a couple of new deals, and postponed delivery dates for five newbuilds.

AW-Energy, Prosys OPC develop monitoring solution for WaveRoller
Finnish wave energy company AW-Energy and software provider Prosys OPC have developed a monitoring solution to simplify control of WaveRoller wave energy devices.

Van Oord picks Sofia inter-array cable supplier
Hellenic Cables has won a contract by Van Oord Offshore Wind UK for the supply of 66 kV inter-array cables and accessories for the 1.4 GW Sofia offshore wind project in the UK. Under the contract, Hellenic Cables will design, engineer, manufacture, test and supply approximately 360 kilometers of 66

Keel laid for P&O Cruises’ second LNG eco-friendly ship
A key stage in the construction of Arvia, deemed as Britain’s newest and most innovative cruise ship, has been marked with the traditional coin-laying ceremony at the Meyer Werft shipyard in Papenburg.

Hapag-Lloyd sets up new Southern China – Northern Europe service
Driven by increased demand, German container shipping major Hapag-Lloyd is launching a new service that will link Southern China with Northern Europe.

Three suppliers to bag $900 million from drilling contracts with Equinor
Equinor has extended existing drilling contracts, covering 19 assets on the Norwegian continental shelf, with three companies.

North Macedonia to receive LNG from Alexandroupolis FSRU
The government of North Macedonia has started a process for reservation of LNG capacities from the FSRU project in Alexandroupolis, Greece.

Carnegie goes full steam ahead for EuropeWave project
Having formally signed EuropeWave contract, Carnegie Clean Energy’s subsidiary CETO Wave Energy Ireland has made significant progress on the development of its wave energy technology as part of the first phase of the €20 million scheme.

KOTUG: 1st electric E-Pusher Type M enables zero-emission inland shipping
Dutch towage and maritime company KOTUG is starting with zero-emission transportation of Cargill cocoa beans from the Port of Amsterdam to Zaandam.