Business Developments & Projects

Petrofac, Cranfield University jointly investigating new zero-emission tech
Oilfield services provider Petrofac has teamed up with Cranfield University to investigate new technology that could minimise the impact of amine scrubbing technology.

JV formed to speed up deployment of Oceanbird wind propulsion tech
Sweden-based companies Alfa Laval and Wallenius have finalized the creation of a JV to speed up Oceanbird wind propulsion tech deployment.

Mobility R&D fund investing in Dutch hydrogen-powered shipping
Mobility R&D fund in the Netherlands has granted a €24.2 million (approximately $27.5 million) subsidy to a Dutch project consortium focused on maritime hydrogen applications.

Lundin adds extra well to Odfjell rig’s backlog
Oil and gas company Lundin has decided to exercise its option for an additional well for an Odfjell Drilling-owned rig.

SIMEC Atlantis shuffles executive board
UK-based marine energy company SIMEC Atlantis Energy has made new executive and non-executive directorate appointments.

Proserv and Trendsetter join hands for subsea services and equipment
Proserv Controls and Trendsetter Engineering have signed a Memorandum of Understanding (MoU) for the joint supply of integrated subsea hardware and controls.

Minesto and Schneider Electric display joint renewable baseload offer
Swedish marine energy developer Minesto and Schneider Electric have showcased their joint clean power offer as part of their strategic partnership to bring ocean energy into the global renewable energy mix.

Maersk rig re-hired for North Sea well
Maersk Drilling and Petrogas have agreed to exercise the previously agreed option to employ a jack-up rig to drill a well in the UK North Sea.

Neptune picks Maersk Supply for UK decommissioning job
Neptune Energy has awarded Maersk Supply Service (MSS) with a decommissioning contract for the removal of subsea infrastructure at the Juliet field in the UK.

Orcadian moving on with development plan for North Sea field as OGA okays concept
Orcadian has received no objection from the OGA for the development concept designed for the Pilot field in the North Sea.

ZeroCoaster ammonia-powered cargo ship wins DNV AiP
DNV has awarded AiP for the ZeroCoaster ammonia-fuelled cargo ship, confirming an independent assessment that the ship’s design is feasible.

Lundin’s Norwegian branch to get new managing director
Lundin Energy Norway has revealed a new managing director will take over the position next year, as the current one intends to step down.

Floatel expects modest utilisation levels for accommodation fleet
Floatel expects the overall utilisation of the accommodation fleet to remain at modest levels in the near term.

EBRD supports eco-friendly expansion of Turkish port
The European Bank for Reconstruction and Development (EBRD) has provided an $8.5 million loan for an environmentally friendly expansion of the Altintel Port in western Turkey.