Business Developments & Projects
UK exploring shore power in ports to speed up green shipping
On 7 February, the UK government launched a call for evidence to gather information on the costs, benefits, vessel emissions and options for increasing the use of shore power in the UK.
Petrobras taps Shearwater for geophysical processing software
Norwegian seismic exploration company Shearwater GeoServices has signed a licensing contract with Brazil’s Petrobras for its Reveal geophysical software. Under the deal, Petrobras’ geophysical processing team will have access to a full range of geophysical processing tools, including time, depth, mu
FPS joins Flagships to expand green hydrogen-fueled fleet
Future Proof Shipping (FPS) has joined European innovation project Flagships to bring the FPS Waal, a hydrogen-fueled inland container vessel, to Europe.
Energy Observer unveils zero-emission, LH2-powered cargo ship concept
French project Energy Observer is launching a design of a multipurpose cargo ship fuelled by liquid hydrogen, a technology that allows zero-emission navigation, while offering very high transport capacities and autonomy.
North Sea ERRV specialist brings in 10th newbuild vessel
Sentinel Marine has taken delivery of the tenth newbuild vessel in its fleet, which is expected to feature12 ERRVs by year-end.
Saipem overhauls management team amid rating downgrade and default risk
Following Saipem’s financial woes, Moody’s downgraded the company’s rating to B1 and placed all the ratings under review for downgrade.
Aker Solutions buying compatriot consultancy to support growth strategy
Aker Solutions is acquiring Unitech Power Systems, a Norway-based electrical power systems consultant, as part of its growth strategy and with the aim of further accelerating its transformation. Aker Solutions states that the acquisition is an important step towards the company creating an engineeri
UK oil & gas industry makes huge progress on North Sea Transition Deal, OGUK says
A review of the oil and gas industry’s progress against the terms of the North Sea Transition Deal has shown strong progress, OGUK says.
Hamburg Port stepping up hydrogen game with new MoU
Making a step further in taking concrete action to support decarbonisation, Hamburg Port Authority (HPA) has signed a memorandum of understanding (MoU) with industrial gases company Air Products to establish a sustainable supply chain for hydrogen.
TTI opens NetBuoy survey for wave energy developers
Tension Technology International (TTI) has launched a survey to check potential interest from the wave energy developers in its NetBuoy product.
Watch: Climate-smart Viking Glory completes journey home
Finnish shipping company Viking Line has welcomed its climate-smart flagship Viking Glory in the Port of Turku following the ship’s five-week journey home across the seas.
Western Bulk takes delivery of 1st carbon offset bio-blend bunker fuel
Norwegian dry bulk shipping company Western Bulk has taken delivery of its first carbon offset bio-blend bunker fuel (B30) from TFG Marine, a marine fuel supply and procurement joint venture between commodity trader Trafigura and shipping firms Frontline and Golden Ocean.
Serica renews North Sea deal with Sparrows
Serica Energy has awarded a crane operations and maintenance services contract on one of its platforms in the UK North Sea to Sparrows Group.
Bureau Veritas verifies SubSLAM underwater measuring system
Vaarst, tech spin-off of subsea player Rovco, has secured Bureau Veritas verification for its SubSLAM underwater measuring system. Bureau Veritas verified the technology as delivering sub-millimeter accuracy for live subsea measurement, making it the most accurate real-time underwater measuring syst