Business Developments & Projects

Oceaneering carries out first ROV remote piloting offshore UK
Oceaneering has carried out the first onshore remote piloting of a remotely operated vehicle (ROV) in the UK sector from its Onshore Remote Operations Center (OROC) in Stavanger, Norway.

NovaAlgoma Cement Carriers ups stake in JT Cement
NovaAlgoma Cement Carriers (NACC), a cement shipping joint venture between Luxembourg’s Nova Marine and Canada’s Algoma Central Corporation, has doubled its investment in JT Cement by acquiring an additional 25% of its share equity from KGJ Cement Holdings AS.

Another mystery buyer gets its hands on Solstad vessel
Farstad Shipping, a subsidiary of Solstad Offshore, has sold another one of its vessels to a buyer, whose identity was not revealed.

BP signs LNG supply deal with China’s SPIC
Chinese unit of British oil and gas company BP has signed an LNG sale and purchase agreement with a subsidiary of China’s State Power Investment Corp (SPIC) for a period of ten years starting 2023.

In focus: Getting to net-zero emissions and low-carbon economy
The recently held 2021 United Nations Climate Change Conference (COP26) brought to light many questions surrounding the transition to a more sustainable future, but more importantly the event showed that countries worldwide are committed to accelerate their decarbonisation plans, strengthening the e

Lex de Groot: “We have a Speaking Up Culture”
Listen to the Navingo Career Podcast episode #14 with Coco Kossmann as the host and Neptune Energy’s Lex de Groot as the latest guest.

Aker BP hires Subsea 7 for North Sea project
Offshore services provider Subsea 7 has won a contract with Norwegian Aker BP for the Hanz field development located in the North Sea.

MSC World Europa paving way for maritime decarbonization
California-based Bloom Energy, French shipyard Chantiers de l’Atlantique (CdA), and the cruise division of Swiss MSC Group have revealed plans to launch the first cruise ship operating on solid oxide fuel cell (SOFC) technology.

Lundin asks Equinor to keep the operatorship of next Barents Sea production hub
Lundin Energy has increased its interest in the next Barents Sea production hub while Equinor has agreed to continue the operatorship.

Rotech Subsea completes Dutch OWF cable ops
Aberdeen-based Rotech Subsea has completed a program of cable inspection, repair and maintenance (IRM) works at a key offshore wind farm in the Netherlands.

UK-Germany power link steps closer to reality
NeuConnect, a new interconnector between the UK and Germany, has reached an important milestone securing a connection agreement with a transmission system operator TenneT.

Sabella preps to launch €1.5M crowdfunding campaign
French tidal energy company Sabella has announced plans to launch a crowdfunding campaign to finance its tidal power research and project activities.

Fresh extension for Shelf Drilling rig in Italy
Offshore drilling contractor Shelf Drilling has secured a contract extension for a jack-up rig for operations in the Adriatic Sea offshore Italy.

BP, Maersk Tankers: Marine biofuel trials prove success
British oil and gas company BP and Danish tanker shipping firm Maersk Tankers, with support from the Danish Maritime Authority, have completed trials using biofuel-blended marine fuel in product tankers.