Business Developments & Projects
More work for Solstad’s CSVs amid strong renewables and oil&gas demand
Norwegian Solstad Offshore has secured multiple contracts for several of its subsea construction support vessels (CSVs) as the market continues to improve with strong demand from both renewable energy and oil & gas activity.
XOCEAN in Ireland’s first uncrewed vessel survey
For the first time in Ireland, XOCEAN deployed an uncrewed surface vessel (USV) to conduct an environmental survey of the seabed in collaboration with the Dundalk Institute of Technology (DkIT) off the Co. Louth coast last week.
Hy2gen to produce ammonia as marine fuel in Norway
Germany-based green H2 production company Hy2gen and Swiss commodity trader Trafigura plan to produce green ammonia as a fuel for the maritime sector in the southwestern coast of Norway.
CLdN orders hybrid RoRo pair in South Korea
Luxembourg-based shipping company CLdN ro-ro has ordered two hybrid 8,000 lane meter roll-on/roll-off (RoRo) vessels from South Korean shipbuilder Hyundai Mipo Dockyard (HMD).
Prysmian bags fresh EIB financing to speed up R&D activities
Italian cabling giant Prysmian Group has secured €135 million financing from the European Investment Bank (EIB) to boost its research and development (R&D) activities.
Duo demonstrates hydrogen-powered subsea control systems
Norwegian Innova and the U.S. Teledyne Energy System have partnered to demonstrate the use of hydrogen for local power of subsea control systems.
PSW, Cameron in exclusive license deal for risers recertification
Scana-owned PSW Technology has signed an exclusive license agreement with oil service provider Cameron, a Schlumberger company, to carry out recertification of risers produced by Cameron.
Solstad gets rid of three anchor handlers, secures North Sea work
Norwegian offshore vessel owner Solstad Offshore has sold three of its anchor handling tug and supply (AHTS) vessels.
Shell boosts dividend and buybacks as profit swells
Energy major Shell increased its dividend and share buybacks following a jump in its quarterly profit driven by higher oil and gas prices.
Hudong-Zhonghua orders GTT tanks for 6 new LNGCs
Chinese shipbuilder Hudong-Zhonghua has ordered the tank design for six new LNG carriers (LNGCs) from the French LNG containment specialist GTT.
Shearwater, ConocoPhillips join forces for seismic imaging tech
Marine geophysical services provider Shearwater GeoServices and oil and gas major ConocoPhillips have formed a strategic partnership to collaborate on seismic imaging technology.
New interim CEO to lead Spirit Energy through transition
As it transitions to a new phase, Spirit Energy has made board and executive appointments, including the appointment of an interim CEO.
Ørsted to put its first green hydrogen project into operation in next six months
Ørsted’s first green hydrogen project, the 2 MW H2RES offshore wind-to-hydrogen demonstrator in Denmark, is expected to go into operation in the first half of 2022, the company said in its 2021 annual report. H2RES, which will produce renewable hydrogen for road transport, is being built on Ørsted’s
Boskalis, Van Oord complete one of UK’s biggest beneficial placement projects
The beneficial placement project to recharge areas of Mersea Harbour, using dredged materials from Harwich Haven Authority’s £120 million channel deepening initiative, has been completed successfully. The recharge work was carried out on behalf of Harwich Harbour Authority by a joint venture of Roya