Business Developments & Projects
Offshore watchdog looking into structural safety issues on Maersk rig
The Petroleum Safety Authority has discovered a total of four irregularities and improvement points during an audit of the Maersk Drilling-owned Maersk Reacher jack-up rig.
In focus: Post-COP26, offshore energy sector using every lever to support creation of net-zero future
As the dust is settling in the aftermath of COP26, new developments in the offshore energy sector are laying the grounds for the net-zero future.
Ocean Harvesting commissions InfinityWEC test rig
Swedish wave energy developer Ocean Harvesting Technologies has commissioned a Hardware-in-the-Loop (HIL) test rig to validate the InfinityWEC’s power take-off (PTO) with instant force control capabilities.
EMEC named blue economy enterprise of the year
The European Marine Energy Centre (EMEC) has been named Blue Economy Enterprise of the Year having won the Rural Blue Award at The SHIREs (Scottish Highlands and Islands Rural Economy) Awards.
Norway’s October oil output rises above predictions
Norway’s oil production in October 2021 exceeded the NPD’s predictions by 2.8 per cent, while the gas output also experienced a boost compared to September.
Yara Birkeland, world’s 1st zero-emission containership, completes maiden voyage
The world’s first electric and self-propelled containership – Yara Birkeland – has completed its maiden voyage in the Oslo fjord, the ship’s owner, Norway-based Yara International, revealed.
ORE Catapult appoints technical director
The Offshore Renewable Energy (ORE) Catapult, the UK’s leading research and innovation centre for offshore wind, wave and tidal energy, has appointed Cristina Garcia-Duffy as its technical director and a member of its executive management team.
Ashtead Technology to begin trading on London stock exchange
Ashtead Technology is set to begin publicly trading on the London Stock Exchange’s Alternative Investment Market (AIM) on 23 November with support from new institutional investors.
Gasum closes Risavika LNG sale with NSMP
The Nordic energy company Gasum has closed the divestment of Risavika LNG, its LNG liquefaction plant in Norway, to North Sea Midstream Partners (NSMP) on 16 November.
Wärtsilä wraps up major vessel upgrade project with Fincantieri
Finnish tech company Wärtsilä has successfully completed a major project to renovate three Windstar cruise ships with Italian shipbuilder Fincantieri.
Ithaca Energy hires Solstad vessel for North Sea ops
Norwegian offshore vessel owner Solstad Offshore has inked a contract for one of its vessels with Ithaca Energy for operations in the North Sea.
Maersk issues 1st green bond to finance methanol-powered newbuilds
Danish container shipping and logistics giant A.P. Moller – Maersk has placed its inaugural €500 million ($567 million) green bond to fund the construction of its first feeder vessel and the series of 8 large ocean-going containerships which will be capable of operating on carbon-neutral methanol.
Novatek starts production at Kharbeyskoye field
Russian LNG major Novatek has started pilot production at Kharbeyskoye field, part of the North-Russkiy cluster.
TechnipFMC and Petronas team up in pursuit to cut emissions
TechnipFMC and Petronas entered into an agreement to commercialise a natural gas processing membrane that reduces greenhouse gas emissions.