Business Developments & Projects
UK: £5 bln grid investments proposed, including England-Scotland subsea links
National Grid Electricity System Operator, the UK’s electricity system operator, has published Networks Options Assessment (NOA) for 2022 recommending more than £5 billion (around $6.7 billion) worth of grid infrastructure investments in the North of Scotland.
Saipem in profit warning as margins deteriorate due to pandemic and rising costs
Following a revision of its backlog, Saipem has withdrawn its outlook from October 2021, citing significant deterioration of some projects’ margins.
Three oil & gas firms gearing up for Norwegian wells in February
Three oil & gas companies have been granted drilling permits by Norwegian authorities for wells in the Norwegian Sea and the North Sea.
CMA CGM takes majority stake in Colis Privé
French shipping and logistics major CMA CGM Group has entered into a preliminary agreement to acquire a 51% stake in the Colis Privé Group, a compatriot specialist in home and relay parcel delivery.
UK oil & gas trade body changing name to reflect drive towards net-zero future
Oil & Gas UK (OGUK) is expanding to include the low-carbon offshore energy technologies like offshore wind, hydrogen, and CCS.
Ocean Infinity orders six HUGIN AUVs for sustainable data acquisition
Marine robotics company Ocean Infinity is expanding its robotic fleet with an order of six Kongsberg Maritime’s HUGIN autonomous underwater vehicles (AUVs) which will integrate as part of the Armada fleet.
Odfjell Drilling mulls splitting into two groups to think beyond core services
Odfjell Drilling is contemplating spinning off its Well Services and Energy segments into a newly established company and list it on Oslo.
N-Sea targets better subsea solutions with newly chartered vessel
N-Sea Group has signed a long-term vessel agreement with EDT Offshore for an advanced DP-3 multi-purpose offshore support vessel with a track record in subsea services.
TotalEnergies selling third of its stake in Greater Laggan Area fields to Kistos
London-listed Kistos is buying interests in several gas fields located West of Shetland from French major TotalEnergies.
Ocean Oasis scores €2.5M to ramp up wave-powered desalination unit
Norwegian company Ocean Oasis has secured €2.5 million from the European Innovation Council (EIC) Accelerator to advance its wave energy-powered desalination technology.
COSCO Shipping Ports, Zeebrugge Port extend container terminal concession
Port operator COSCO Shipping Ports Limited and Belgium’s Port of Zeebrugge have agreed to extend the concession of CSP Zeebrugge Terminal by 15 years to 2055.
Aker, Altera, Höegh LNG join on CCUS
Aker Carbon Capture, Altera Infrastructure and Höegh LNG will collaborate to explore a full value chain offering for carbon capture, utilization, and storage (CCUS).
Equinor pushes Hammerfest LNG start-up date to May
Norwegian oil major Equinor has pushed back the planned restart of its Hammerfest LNG facility from the end of March to 17 May 2022.
Aker BP building data factory in the cloud to improve productivity
Aker BP has joined forces with Accenture to develop and deploy a cloud-based solution to improve oil and gas operations.