Business Developments & Projects
Furetank to boost Vinga fleet with new green ship
Swedish shipping company Furetank has ordered a dual-fuel tanker from Chinese shipbuilder China Merchants Jinling Shipyard – former AVIC.
In focus: Cross-sector collaborations replacing fossil fuels with green energy
In the face of decarbonisation challenges, presenting a united front seems to be a way around for offshore energy players. During the last week of January, we have witnessed a number of cross-sector collaborations established with a single aim to eliminate carbon emissions and reach the net-zero des
Donsötank’s new hybrid electric tanker bunkered with LNG
Dutch marine fuel supplier Titan LNG has completed the LNG bunkering of MT Prospero — Donsötank’s new 22,000 dwt product and chemical tanker.
UK pipeline decom firm targets more oil & gas clients with new facility
Northern Ireland-headquartered pipeline decommissioning specialist Decom Engineering has opened a new facility near Aberdeen as it wants to target new North Sea oil and gas clients. The investment valued at more than £250,000 is expected to allow faster deployment of Decom’s assets to clients workin
Clash between rig and vessel spotlights safety perils arising from ‘commercial pressure’
The recent collision in the North Sea highlights hidden safety threats arising from disregarding maritime procedures for the sake of profit.
HydroQuest on the lookout for tidal turbine blade supplier
French tidal energy company HydroQuest is looking for a partner specializing in the production of composite blades for its next-generation tidal energy turbines.
Schlumberger solution to help optimize Northern Lights performance
The Northern Lights joint venture has selected Schlumberger to deliver its DELFI digital platform for the Northern Lights carbon capture and storage project in order to optimize performance in carbon transport and storage. The DELFI cognitive E&P environment will be used to streamline subsurface wor
Shell gains approval to use Transocean rig for Ormen Lange drilling
Shell has received consent from Norway’s offshore regulator for exploration drilling in the Norwegian Sea with one of Transocean’s rigs.
HSHI orders GTT tank design for 6 LNG-fueled ships
Korean shipyard Hyundai Samho Heavy Industries (HSHI) has ordered the fuel tank design of six LNG-fueled container vessels from French LNG containment specialist GTT.
SIMEC Atlantis’ novel pitch system advance leads to greater tidal turbine capacity
SIMEC Atlantis Energy, together with its partner Asturfeito, has developed a new pitch system that enables the rotor diameter and rated capacity of tidal energy turbines to increase.
Golar LNG: CoolCo wraps up $250m private placement
Bermuda-based LNG shipper Golar says its newly-formed company CoolCo, which will acquire its eight LNG carriers, has successfully closed an upsized private placement of $275 million in new shares.
ZIM, 2M go separate ways on transpacific route
Israeli shipping company ZIM Integrated Shipping Services has decided to end the cooperation with the 2M alliance members Maersk and Mediterranean Shipping Company (MSC) on key transpacific trades.
PGS: Seismic market weaker in 2021, but gradually recovering
Norway-based Petroleum Geo-Services (PGS) has reported an almost $6 million decrease in segment revenues in 2021 compared to 2020 due to, as the company says, the overall seismic market being “weaker”. Segment revenues and other income reached $590 million in 2021, compared to $595.9 million in 2020
Welsh marine energy firm seeks platform deployment system designer
Marine Power Systems (MPS) has announced a tender for a contractor to design and build a platform deployment system for its megawatt-scale wind and wave energy demonstrator.