Business Developments & Projects
CGG Q3 2021 numbers up as reservoir optimisation activities increase
France-based geophysical services company CGG has reported a segment revenue of $270 million for the third quarter of 2021, up 35% year-on-year and 71% sequentially.
North Atlantic’s 1st green shipping corridor in the making
At the 26th Conference of the Parties (COP26) on climate change, the Dutch Port of Antwerp and the Canadian Port of Montreal have signed a cooperation agreement to support the creation of the first green shipping corridor in the North Atlantic.
Five Portuguese institutions join forces for open sea testing of ocean technologies
Five Portuguese institutions – CEiiA, +ATLANTIC CoLAB, Fórum Oceano, INESC TEC, and WavEC – have have come together under the name of OceanACT to promote the testing of innovative ocean technologies in Portugal.
DEME and Prysmian land €1.6 billion offshore wind contract in US
US energy company Dominion Energy has selected the consortium of DEME Group and Prysmian as the Balance of Plant (BoP) contractors for the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project. The BoP contract includes the complete package for the transportation and installation of the foundations a
INTERCARGO: Acceleration of R&D needed to reach shipping’s 2050 target
As the world considers the harsh realities highlighted by COP26, The International Association of Dry Cargo Shipowners (INTERCARGO) has warned that shipowners can deliver the target of net-zero emission shipping by 2050 but only with an acceleration in the commercial development of relevant technolo
Tekmar Energy delivers cable protection for Hornsea Two
Tekmar Energy has delivered the final batch of cable protection systems (CPS) for Ørsted’s Hornsea Two offshore wind farm.
Cargotec, Konecranes reveal post-merger operating model
Finnish engineering majors Cargotec and Konecranes, which launched in 2020 a process to merge the two entities, have unveiled the operating model and leadership team of the future company.
MAN gas engines hydrogen-ready
German engine manufacturer MAN Energy Solutions says its gas-powered engines are hydrogen-ready and operable in stationary mode with a hydrogen content of up to 25 per cent by volume in a gas-fuel mix.
Highest fleet utilisation since 2019 nearly quadruples Prosafe revenues
Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues when compared to 3Q last year.
Wintershall Dea embarks on last part of Nova campaign ahead of first oil
Wintershall Dea has begun the last part of the Nova drilling campaign from the Scarabeo 8 rig after originally starting about a year ago.
Aker presents massive offshore wind-to-hydrogen project in Scotland at COP26
Aker Offshore Wind and Aker Clean Hydrogen, together with DNV, have used the COP26 conference to unveil a project utilising 10 GW of floating offshore wind capacity to power multiple floating installations which will produce green hydrogen for onwards transmission to a net-zero hydrogen refinery on
Providence all done with Barryroe site survey off Ireland
Providence Resources has completed the site survey at the K drilling location of the Barryroe field in the North Celtic Sea.
Florida port to reduce marine carbon footprint with new mobile harbor cranes
The North American terminal operator LOGISTEC USA has placed an order for two new eco-efficient mobile harbor cranes from Finnish manufacturer Konecranes with the aim of reducing marine carbon footprint in Florida.
Cairn Energy plans to change its name
Oil and gas company Cairn Energy has revealed plans to change its company name effective from 13 December 2021.