Business & Finance
Subsea upgrade on the agenda for Equinor’s Norwegian Sea duo
Norway’s state-owned energy giant Equinor has received consent from the Petroleum Safety Authority (PSA) to use upgraded subsea compression facilities on two fields located in the Norwegian Sea. PSA reported on 9 August that it had given its approval to Equinor to use upgraded subsea compression fac
Deutsche ReGas: Mukran LNG capacity fully booked
Germany’s Deutsche ReGas has completed the procedure for the allocation of long-term regasification capacity for the planned floating LNG terminal in the port of Mukran. The company said the procedure was completed on 7 August and the offered capacity of 4 billion cubic meters (bcm) for a period of
Two FPSOs still on track for first oil by year-end
SBM Offshore has put its back into several FPSO projects while two of these are still scheduled to achieve the first oil by the end of 2023.
FET targets better presence in Brazil with appointment of local partner
Subsea technology provider Forum Energy Technologies (FET) has appointed a Brazilian company to represent its subsea operations in this South American country. FET reported earlier in August that it had established a partnership with UnderOcean Servicos Maritimos under which the Brazilian company wi
British National Gas picks Wood to design future grid
Britain’s National Gas has appointed Wood to digitally upgrade 7,600 kilometers of essential pipelines, compressor stations and terminal infrastructure as part of its commitment to the energy transition. Through a five-year framework agreement, Wood said it will apply digital solutions to transform
Titan converts newly acquired ships to LNG-bunkering vessels
Dutch bunker supplier Titan has completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into state-of-the-art LNG bunker vessels. The company bought the two ships at the beginning of 2023 from Canadian gas transportation company Seapeak for bunkering retrofit. Titan
DHT Holdings fits scrubbers on entire fleet, clamps down on newbuilding pricing as ‘unjustified’
Crude oil tanker company DHT Holdings has completed the installation of three exhaust gas cleaning systems in the second quarter of 2023 and now all 23 very large crude carriers (VLCCs) in the company’s fleet are scrubber-fitted. Scrubbers, also known as exhaust gas cleaning systems, allow companies
Konecranes to provide 7 hybrid RTGs to CMA CGM Kaohsiung Terminal
Finnish crane manufacturer Konecranes has won an order from CMA CGM Kaohsiung Terminal Co. Limited to supply 7 hybrid Konecranes Noell Rubber-Tired Gantry (RTG) cranes to their container handling terminal at the main port in Taiwan. The order is part of CMA CGM Group’s efforts to streamline their op
MSC makes waves again with a fresh order for 10 LNG-powered newbuilds
The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a 10
£1.6 billion spent on North Sea decommissioning in 2022, activity expected to remain high
The North Sea oil & gas industry spent £1.6 billion on decommissioning redundant wells and infrastructure last year, more than in any of the previous five years, the latest report by the North Sea Transition Authority (NSTA) states. The industry spent a total of around £8 billion from 2017-2022 and
Hafnia reveals investment in methanol-powered newbuilds backed by TotalEnergies
Singapore-based tanker owner and operator Hafnia has leaped onto the methanol bandwagon with the recent order for four 49,800 deadweight dual-fuel methanol chemical IMOII Medium-Range (MR) tankers. The deal was signed with China’s Guangzhou Shipyard International (GSI) together with Hafnia’s joint-v
Snøhvit Future is a go, underpinning Norway’s role as low-emission gas supplier
The Norwegian government has given its stamp of approval for the Equinor-operated Snøhvit Future project, which comes with plans for the future operation of Snøhvit and Hammerfest LNG, subject to certain conditions.
New operator taking the helm at North Sea oil & gas discovery
OKEA will be taking over the operatorship next month from the compatriot player, DNO Norge, at the Brasse license in the North Sea.
New rig deals bolster day rates and lift Diamond Offshore’s backlog to $1.6 billion
Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.