Business Developments & Projects
TechnipFMC targets composite pipe tech with Magma Global buy
TechnipFMC has completed the acquisition of outstanding shares of Magma Global with an aim to accelerate the development of composite pipe technologies for conventional energy and CO2 applications.
Maersk Drilling secures right to all drilling work on Greensand carbon storage project
Maersk Drilling has entered a framework agreement with the Nini Joint Venture for the supply of rigs for the Greensand carbon storage project.
BP retesting Clair Ridge crew after five test positive for Covid-19
BP has confirmed that five crew members on its platform off the UK have tested positive for Covid-19 and have been flown to shore.
Scandlines: Another hybrid ferry to get Norsepower rotor sail
Following the successful installation of the Norsepower rotor sail on the hybrid ferry M/V Copenhagen in 2020, and a year of demonstrated results, Danish ferry operator Scandlines has prepared the sister ferry M/V Berlin for its own rotor sail installation.
GasLog sells GasLog Salem LNG carrier to CDBL
Greek owner and operator of LNG carriers GasLog has completed the sale of GasLog Salem LNGC to a subsidiary of China Development Bank Leasing (CDBL) for $128 million.
Eco Wave Power bolsters management team with new COO appointment
Swedish-Israeli wave energy company Eco Wave Power has appointed Avi Waller as its new chief operating officer (COO).
OceanTools: Smallest subsea IP camera comes to market
UK’s OceanTools has launched what is believed to be the smallest subsea IP camera on the market.
Harbour Energy granted carbon storage licence for North Sea field
UK’s petroleum regulator, the Oil and Gas Authority (OGA), has awarded a carbon dioxide appraisal and storage licence to Harbour Energy.
Höegh LNG charters Höegh Gallant FSRU to New Fortress
Bermuda-based Höegh LNG Partners has recently entered into a ten-year agreement with U.S.-based gas-to-power developer New Fortress Energy to charter the Höegh Gallant FSRU.
WESE rolls out ecological risk assessment tool for wave energy
Wave Energy in Southern Europe (WESE) project, whose goal is to improve the current knowledge on the potential environmental effects of wave energy, has released an open access ecological risk assessment tool for wave energy converters.
Norwegian, German regulators approve Octopus Bidco’s Ocean Yield acquisition
Octopus Bidco AS, a company owned by funds advised by American investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates, has received clearance from the Norwegian Competition Authority and the German Federal Cartel Office to acquire Norwegian shipowner Ocean Yield ASA.
UXO surveys underway at Dutch 759 MW offshore wind project
Fugro is carrying out an unexploded ordnance (UXO) survey campaign at the Hollandse Kust Noord offshore wind project in the Netherlands.
Toho Gas gets Sakhalin’s 1st carbon-neutral LNG cargo
Japanese utility Toho Gas has received the first carbon-neutral/offset LNG cargo from the Russian LNG producer Sakhalin Energy.
GasLog gets $325m financing from US investment firms
Greek owner and operator of LNG carriers GasLog has entered into a note purchase agreement with the U.S.-based investment companies Carlyle and EIG for an amount of up to $325 million.