Business Developments & Projects
Aker BP awards new contracts to enable Valhall to operate up to 2060
Aker BP has awarded FEED contracts valued as part of its efforts to extend the life of the Valhall field located off Norway.
United Heavy Lift boosts fleet with new eco ship
Germany’s multipurpose shipping company United Heavy Lift GmbH (UHL) has taken delivery of MV UHL Fighter, the sixteenth unit in a series of seventeen F900 Eco-Lifters newbuilds.
Taylor Maritime takes stake in Grindrod Shipping
UK-based dry bulk shipping company Taylor Maritime Investments has agreed to acquire a 22.6% stake in Grindrod Shipping Holdings, a dual NASDAQ- and Johannesburg Stock Exchange-listed shipping business.
Stena Bulk, OGCI: CCS is technically feasible on large tanker
Capture & storage (CCS) technology is technically feasible on a large tanker, tanker shipping company Stena Bulk said, announcing the results of a recent partnership with the Oil and Gas Climate Initiative (OGCI).
Ofgem inviting bids for investment in new interconnectors
UK energy market regulator Ofgem is inviting bids to bring forward investment in new electricity interconnectors under its ‘cap and floor’ revenue regime.
Energean to boost capacity by adding new oil train module to Israel-bound FPSO
Energean has signed an EPC contract with Kanfa for the supply of a second, 700-tonne oil train for the Energean Power FPSO.
Two UK contractors in partnership to transform life of field services in North Sea
Bilfinger and Global E&C have formed Torus BGP JV to transform the delivery of late-life services for CNR International’s North Sea assets.
Rockhopper CFO to resign over role in another company
Rockhopper Exploration’s current Executive Director and CFO has announced his intention to resign from his roles in the company.
Bristow to offer sustainable aviation fuel option after first such flight for BP
Bristow has completed a flight to BP’s assets using sustainable aviation fuel, which it plans to offer to its clients.
In focus: Governments take the lead in funding energy transition projects
Although the year draws to a close and embraces the holiday spirit, the global energy transition shows no signs of slowing down. In the week behind us, we witnessed that governments spare no expense to support clean energy projects and step up the energy transition game.
Siccar Point hits pause on controversial Cambo project after Shell’s exit
Siccar Point Energy has decided to suspend its controversial Cambo offshore oilfield development following a recent exit by Shell.
Yara Birkeland, world’s 1st fully-electric boxship, prepares for commercial ops
Yara Birkeland, the world’s first autonomous and fully electric containership, will soon commence commercial operations while beginning a two-year test period, prior to entering full autonomous operation on a route off the coast of Norway.
Morlais tidal energy project gets government’s OK
The Welsh Government has given its consent for the development of the Morlais tidal stream energy project set to be located offshore Holy Island.
John Fredriksen firm takes interest in Valaris
Billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris.