Business Developments & Projects

Equinor secures approval for Norwegian Sea project
Norway’s Ministry of Petroleum and Energy has approved a development plan from Equinor for the first phase of the Kristin Sør project.

Jan De Nul orders USV as a step towards autonomous offshore surveys
Jan De Nul Group has placed an order for a hybrid unmanned surface vehicle (USV) from the Norwegian Maritime Robotics as the first step towards unmanned and autonomous offshore survey operations.

CorPower embarks on final phase of dry-testing campaign for C4 wave device
CorPower Ocean’s first commercial scale wave energy converter – C4 – is set to undergo intensive testing to prove its performance and survivability ahead of ocean deployment.

Quoceant bolsters engineering team
Edinburgh-based engineering consultancy Quoceant has boosted its mechanical engineering team with two new hires.

XOCEAN to launch commercial USV production that could create 1000+ jobs
Irish firm XOCEAN is advancing to become the first company to commercialise uncrewed surface vessels (USV) for ocean data gathering with a €1.7 million grant secured from the European Maritime and Fisheries Fund (EMFF).

MAN ES: Dual-fuel retrofits for shipping decarbonisation
German engine manufacturer MAN Energy Solutions says dual-fuel retrofits are already proven on MAN B&W low-speed engines and are key towards decarbonisation.

Euroseas orders two more eco-friendly Feedermaxes
Greek ship owner and operator Euroseas has ordered two additional Eco design fuel-efficient containerships from South Korean shipbuilder Hyundai Mipo Dockyard (HMD).

Verlume bags €3M to accelerate energy transition growth plans
Verlume, a UK-based intelligent energy management and storage technologies specialist, has received a €3 million investment from a consortium led by Par Equity.

Hydromea seeking partners after pilot wireless ROV system test in North Sea
Swiss subsea robotics company Hydromea has tested wireless underwater remotely operated vehicle (ROV) system within a full ballast water tank on one of TotalEnergies’ North Sea floating production, storage and offloading (FPSO) vessels.

PGNiG buys American LNG for Ukraine
Polish oil and gas player PGNiG has purchased a shipment of LNG from the United States for delivery to Ukrainian energy project developer ERU.

Equinor fails to find hydrocarbons in Norwegian Sea well
Equinor has failed to find hydrocarbons in the stacked Ginny/Hermine exploration prospects in the Norwegian Sea.

Harbour Energy’s CEO Europe heading out
Harbour Energy has revealed that its current CEO Europe has tendered his resignation, which becomes effective at the end of the month.

Odfjell rig starts Equinor gig
An Odfjell Drilling-owned semi-submersible rig has started its contract with Equinor, making it the third Odfjell rig to work for Equinor.

Cabling works complete for Israeli wave energy project
Eco Wave Power has completed the cabling works required to connect the wave energy project, being developed in collaboration with EDF, to Israeli power grid.