Business Developments & Projects
After 2021 rebound, FPSO market to continue going strong in 2022, Rystad says
The market for FPSO units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, Rystad Energy says.
Equinor makes oil discovery near existing infrastructure in North Sea
Norwegian oil and gas company Equinor has made a new oil discovery located near the Fram field in the North Sea offshore Norway.
DESFA is officially part of Alexandroupolis FSRU project
Greek gas grid operator DESFA is officially ratified for its participation in the shareholding structure of Gastrade, the company that develops the FSRU of the LNG project in Alexandroupolis.
Heidmar, Capital Ship Management form joint venture
Capital Ship Management Corp. and Heidmar Inc have formed a joint venture combining the commercial strengths of the two organizations in the tanker industry.
Aibel pursuing long-term goals with new management roles
Aibel has made management changes at its yard in Haugesund in pursuit of its end goal to become a leading supplier for the energy sector.
Offshore watchdog checks up on Equinor’s preparations for plug & abandonment ops in North Sea
Offshore regulator has found no irregularities following an audit pertaining to the permanent plugging of wells at Equinor’s North Sea field.
Münsterland LNG retrofit passes technical sea trials
Münsterland, a passenger ship converted to run on LNG for German ferry operator AG Ems, has completed technical sea trials.
IDOM’s wave energy device takes VALID project spotlight
The partners in the EU-funded VALID project have set out intention to tackle failures in generators and power electronics of wave energy devices, starting with the analysis of loads endured by IDOM’s wave energy converter.
BIFA urges UK govt to investigate container shipping market
The British International Freight Association (BIFA) has called upon the UK government to investigate the state of competition within the current deep sea container shipping market.
Nordic Shipholding sells last three tankers in its fleet
Denmark-based shipowner Nordic Shipholding has decided to dispose of the remaining three tankers in its fleet.
Brittany Ferries’ new LNG-fuelled E-Flexer enters BV classification
Classification society Bureau Veritas (BV) has taken delivery into class the brand-new cruise ferry Salamanca, built at China Merchants Jinling in Weihai, China.
New OBN project on the horizon for Magseis Fairfield
Magseis Fairfield has received a conditional award of an ocean bottom node (OBN) survey contract from an undisclosed repeat customer. Start-up is expected in the third quarter of the year and the project will run for approximately two months. The Norwegian company did not reveal any other details ab
Busy year ahead for EnerMech as new deals spur headcount increase
EnerMech has kick-started 2022 expecting to have a busy year ahead with deals worth over $675.5 million secured through new awards in 2021.
Neptune Energy’s new digital twins to support Dutch carbon capture and storage project
Oil and gas company Neptune Energy has developed new “digital twins” of two platforms in the Dutch North Sea.