Business Developments & Projects

Fresh North Sea well on the horizon for Aker BP
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Aker BP for a wildcat well in the North Sea off Norway.

Sentinel secures funding for subsea well monitoring technology
Sentinel Subsea has secured a six-figure investment from Alba Equity and Scottish Enterprise for the development of WellSentinel, its technology for the monitoring of subsea wells. WellSentinel allows for long-term remote monitoring and managing of the integrity of subsea wells, wellheads and Xmas t

Sovcomflot presents Green Funnel LNG vessels to IMO
Russia’s largest shipping company Sovcomflot (SCF) has presented the technology of its LNG-powered tankers of the ‘Green Funnel’ series to the International Maritime Organization (IMO).

Example of sustainable asset valuation by Van Oord’s Sven Kramer
International Association of Dredging Companies (IADC) has just released this very interesting video named ‘An example of sustainable asset valuation, Sven Kramer – Director Sustainability (Van Oord)’. This presentation shows the practical implications of taking all externalities into consideration

Gas filling of first Nord Stream 2 string all done
The gas-in procedure for the first string of the Nord Stream 2 pipeline has been completed, according to the most recent project update.

Bank of Korea to help Greek shipowner in financing newbuilds
The Export-Import Bank of Korea will provide financing to the Greek Angelicoussis Shipping Group in its large ships orders at Korean shipyards.

Ørsted to launch major offshore wind tender in November
Offshore wind developer Ørsted plans to launch a major tender related to the development of two wind farms with a combined capacity of 2.5 GW this November.

In focus: Energy transition reels in more oil & gas majors as coal power producer enters offshore renewables market
Another week has gone by not leaving us wanting on energy transition developments, as several updates on renewable energy, clean fuels, decarbonisation, and net-zero strategies made headlines – most notably those from the traditionally fossil fuel-oriented players.

World Ports Sustainability Program database to be platform for hydrogen-related projects
The International Association of Ports and Harbors (IAPH) plans to collaborate with CEM Global Port Hydrogen Coalition with its World Ports Sustainability Program (WPSP) as the platform to showcase and disseminate hydrogen-related projects in ports.

Seatronics, RTsys sign global distribution agreement
Seatronics has entered into a global distribution agreement with French manufacturer RTsys for the autonomous underwater vehicles (AUV) and passive acoustic monitoring (PAM) product lines.

Video: Minesto unlocking tidal power potential in Faroe Islands
Swedish tidal energy company Minesto has released a video summarizing its Deep Green tidal energy activities in Vestmannasund strait in the Faroe Islands.

Counting down to Offshore Energy Exhibition & Conference 2021
In less than two weeks, Offshore Energy Exhibition & Conference 2021 will open its doors! The industry will meet again face-to-face on 26 and 27 October 2021 in RAI Amsterdam.

Stena rig plotting a course to final Kinsale location
PSE Kinsale Energy is preparing to move a Stena Drilling-owned rig to a final location as part of the decommissioning campaign of the Kinsale gas fields.

Ports set to drive uptake of wave energy projects
Portuguese, Dutch and Spanish wave energy stakeholders recently came together to mark the successful wrap-up of the BASEPOINT project, a laboratory test programme for the Symphony wave energy converter at Sines Tecnopolo in Portugal.