Business Developments & Projects
Industry’s first as DNV certifies Subsea 7 polymer lined riser product
Subsea 7 has received DNV Technology Certification for its Swagelining polymer lined riser product, said to be a world first. According to Subsea 7, the qualification programme was designed to address the challenges presented by the dynamic service environment and vertical orientation of the riser p
Equinor cleared to put Floatel’s unit to work at North Sea field
Norway’s PSA has given Equinor consent to use one of Floatel’s semi-subs as a mobile quarters facility at a North Sea field off Norway.
MPC Capital orders green methanol-ready boxships
Hamburg-based asset and investment manager MPC Capital, together with partners, has ordered four container vessels at Korean shipyard Hanjin Heavy Industries.
Maersk Tankers setting up decarbonisation hub
Danish tanker shipping firm Maersk Tankers has revealed its plans to establish a knowledge hub focusing on the decarbonisation of the shipping sector.
BP to support Oman in green hydrogen development
British oil and gas major BP has partnered up with Oman to support renewable energy and green hydrogen development in the country by 2030.
Unifeeder opts for carbon-neutral towage services
Denmark-based shortsea operator Unifeeder has started using carbon-neutral towage services to boost its decarbonization goals.
Scotland awards 25 GW in ScotWind auction, more than half for floating wind farms
Crown Estate Scotland has selected 17 offshore wind projects in its ScotWind seabed leasing round, which aimed to procure at least 10 GW of offshore wind but resulted in the chosen proposals having a total capacity of 24,826 MW. Ten projects are using floating wind technology, six are fixed-bottom,
Concordia Maritime sells P-MAX vessel to improve long-term prospects
Swedish tanker shipping company Concordia Maritime has entered into an agreement for the sale of the 65,000 dwt P-MAX vessel Stena Perros to accelerate the amortization of bank debt.
Lundin bites the dust in Norwegian Sea
Lundin Energy is in the process of concluding the drilling of a wildcat well east of the Ormen Lange field in the Norwegian Sea.
Two rival players get green light for merger plans
The Norwegian Competition Authority raises no objections to the business combination proposed by Maersk Drilling and Noble Corporation.
In focus: Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic
Building a sustainable future in a pandemic-ridden world is no easy feat as it brings out many challenges to the fore, however, the energy and maritime industries have shown a great determination to overcome such obstacles in their quest to accelerate decarbonisation and establish a more balanced, l
Revamped PEWEC wave device shaping up as ‘the clean power solution’ for small Mediterranean islands
The new and improved version of PEWEC (Pendulum Wave Energy Converter), being developed by Italy’s national agency ENEA and Polytechnic University of Turin, could prove to be an ideal solution for small and medium-sized islands across the Mediterranean as they transition to net-zero future.
Novatek: 2021 natural gas and LNG production and sales climbed
Russia’s natural gas producer Novatek published its 2021 preliminary operating data showing that both production and sales of natural gas, including LNG, went up compared to 2020.
Driven by robust offshore oil production, demand for shuttle tankers set to rise, Rystad says
Rystad’s analysis shows offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35 per cent in this decade.