Business Developments & Projects

Stena Drilling teams up with blockchain start-up in digitalisation push
Stena Drilling has entered into a partnership with SmartChainServices to develop further smart solutions for the energy sector.

Cognite enlisted to empower BP’s well operations
BP has signed a new two-year agreement with Cognite to optimise well design and workflows using a single consolidated data layer solution.

Equinor’s Johan Castberg oil project now two years behind schedule
In addition to previous delays due to weld quality, Equinor has experienced further delays and cost overruns on its Johan Castberg project.

Norden benefits from dry bulk market’s bumper year
Danish shipping company Norden is capitalizing on rising asset values in the dry cargo market through vessel sales, with several units sold in the past few months.

BOSS done with sea trials series in North Sea
UK-based pioneer of autonomous seabed robots Blue Ocean Seismic Services (BOSS) has completed a series of passive and active sea trials in the North Sea using a DP2 class multi-role vessel.

OKEA abandons North Sea oil project plans
Oil and gas company OKEA has decided to propose to the licence partners not to develop its operated North Sea discovery further.

META team gets project delivery boost
Marine Energy Test Area (META), a Welsh national marine energy test centre, has welcomed Tom Hill as its new project delivery manager.

Ocean Infinity buys Red Rock with focus on autonomous port ops
Marine robotics company Ocean Infinity has acquired Red Rock, a technology company focused on solutions that aim to enable autonomous port operations. The acquisition will combine Ocean Infinity’s Armada robotic vessels and low emission operations with Red Rock’s ability to develop hardware and soft

OWPL consortium developing green hydrogen facility in Scotland
Offshore Wind Power Limited (OWPL) consortium partners with Repsol Sinopec and Uniper to develop Flotta Hydrogen Hub, a large-scale green hydrogen facility in Orkney.

iXblue reveals its first remotely operated towed vehicle
iXblue has launched FlipiX, its first remotely operated towed vehicle (ROTV), designed to be operated autonomously from the DriX uncrewed surface vehicle (USV) or from a light vessel.

IOG halts North Sea ops after issue found on Noble rig’s leg
While moving to start drilling ops in the UK North Sea for IOG, an issue has been found on one of the legs of a Noble Corporation-owned rig.

Transocean sets target for emissions reduction across its rig fleet
Transocean has committed to reducing operating Scope 1 and Scope 2 greenhouse gas emissions intensity by 40 per cent from 2019 levels by 2030.

Peterson eyes carbon neutral status by the end of next year
International energy logistics provider Peterson has disclosed its sustainability goal to be carbon neutral by the end of 2022.

Euronav tanker wraps up B30 biofuel trial
Belgium-based tanker shipping company Euronav has completed a B30 biofuel test on its Suezmax vessel Statia.