Business Developments & Projects
Corinth Pipeworks gets Subsea 7 order for KEG project
Corinth Pipeworks, a subsidiary of Cenergy Holdings, has signed an agreement with Subsea 7 to deliver high-frequency welding (HFW) steel pipes for Aker BP’s Kobra East and Gekko (KEG) project. The 9 kilometers of 16″ HFT ultra-long steel pipes will be used for the tie-back of KEG resources to the ex
Norway puts two CO2 storage areas up for grabs
Norway’s Ministry of Petroleum and Energy is inviting applications for two areas on the Norwegian continental shelf (NCS) that would be used for CO2 storage. The announcement, issued on 10 September, comes after several players from the industry voiced their interests in the two areas, designated as
ClampOn to monitor subsea sand and erosion on Kristin Sør
ClampOn has secured a contract to supply subsea erosion monitors and particle monitors for Equinor’s Kristin Sør development.
North America’s 1st all-electric car ferries start voyage home
The first, fully-electric road ferries to sail in North America are now on their way from Damen Shipyards Galati, Romania, to Lake Ontario, Canada, to begin operations, the shipbuilder said.
Regulator grants drilling permit to Ineos for Norwegian Sea well
The Norwegian Petroleum Directorate has granted INEOS E&P Norge a drilling permit for a wildcat well located in the Norwegian Sea.
Orbital to lead EU-backed floating tidal net-zero project
Scottish Orbital Marine Power is set to lead a pan-European consortium to deliver the €26.7 million FORWARD-2030 project dedicated to accelerating the commercial deployment of floating tidal energy.
Edison started 1st discharge of LNG at Ravenna small-scale terminal
Italian energy player Edison has unloaded the first refueling of LNG at the new small-scale LNG terminal in the port of Ravenna.
Ocean Yield to get new owner
Octopus Bidco AS, a company owned by funds advised by American investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates, has initiated the process to acquire Norwegian shipowner Ocean Yield ASA.
Siem Offshore upgrades PSV with hybrid battery package
Siem Offshore confirmed on Saturday that its dual-fuel platform support vessel Siem Symphony was upgraded with a hybrid battery package.
UK adds €262 million to biggest ever renewable energy support scheme
The UK has decided to support renewable energy projects through its latest Contracts for Difference (CfD) auction with an additional €265 million, of which €55 million per year has been earmarked for wave, tidal, floating wind and geothermal energy projects. Divided into three pots, this will be the
Prince Albert II of Monaco christens new AUV at GEOMAR
Prince Albert II of Monaco has christened the new autonomous underwater vehicle (AUV) Albert I de Monaco at GEOMAR Helmholtz Centre for Ocean Research Kiel.
Slow Mill completes offshore preps for its wave energy converter
Dutch wave energy company Slow Mill Sustainable Power has completed inspection and sampling at sea for deploying Slow Mill – 40, its first wave energy converter, into the coastal waters of Texel.
ABS, Hudong–Zhonghua and Wärtsilä join forces on IMO 2050 CII-ready LNG carrier
Classification society ABS, shipbuilder Hudong–Zhonghua Shipbuilding (HZS) and technology company Wärtsilä have partnered up to develop a flexible, future-ready and modular concept for a future multi-fuel electric liquefied natural gas carrier (LNGC).
In focus: Energy transition nudges oil and gas into strategic reviews as renewables enter record-breaking age
Oil and gas companies and associated supply chain have started responding to the global energy transition push by announcing strategic business reviews and expansion of focus to cleaner and emissions-free markets more aligned with net-zero targets, as renewable energy sector prepares to enter the re