Business & Finance

Tyra II makes another step towards the finish line with first gas still on track for winter
The power-up of two gas turbines at TotalEnergies’ redevelopment project in the Danish North Sea has been completed.

No more PSVs in Solstad’s fleet as Tidewater takes over 37 vessels to establish ‘largest hybrid OSV fleet’
Tidewater has boosted its fleet of platform supply vessels (PSVs) by wrapping up the acquisition of the PSV fleet owned by Solstad Offshore.

Denmark plans backup capacity to come from hydrogen and storage
Once Denmark achieves its 2030 target of being 100 per cent powered by renewables, the plan is to have backup capacity from hydrogen and energy storage, according to Hanne Storm Edlefsen, Vice President of Energy Islands at Energinet.

Six more wells added to Transocean rig’s backlog
Transocean has secured a new contract extension for a semi-submersible rig working on the Norwegian Continental Shelf (NCS).

With salvage ops underway, Dutch govt urged to step in for ‘safe and environmentally sound’ FSO recycling
Salvage operations to transfer the oil from a rapidly decaying FSO, moored off Yemen, to a safe vessel are expected to start soon.

In push towards energy transition, Mitsui & Co. buys UK provider of pipeline integrity solutions
Japanese trading company Mitsui & Co. has completed the acquisition of 100 per cent of shares of STATS (UK), a provider of pipeline integrity solutions, as part of its path towards a global energy transition. STATS (UK) announced on 5 July that it had executed a share purchase agreement to sell 100

New task for DNO regarding work with Odfjell Drilling-managed rig
Norwegian regulator has carried out an audit of DNO’s planning of drilling operations using an Odfjell Drilling-managed rig.

HPA sets up new division to focus on sustainable energy hub
The Hamburg Port Authority (HPA) has established a new corporate division “Port Energy Solutions” that will take on responsibilities and projects related to Sustainable Energy Hub. The division will be led by Jannes L. Elfgen and Hanno Bromeis, focusing on topics related to the expansion of renewabl

Norway racks up high gas production while pursuing decarbonisation with CCS and offshore wind
Norway’s role as natural gas exporter becomes more entrenched, with the country keeping up high gas production.

Prysmian makes move to assure capability for delivery of UK HVDC link
Italian cabling giant Prysmian has committed to providing €180 million to ensure ongoing capacity availability for the planned construction of a new high voltage direct current (HVDC) cable link in the UK. After being selected as the exclusive preferred bidder in May, the commitment includes the pay

North Sea oil project’s development solution envisages FPSO redeployment with floating wind electrification on the cards
Jersey and NEO Energy have chosen a solution for the development of their oil project on the UK Continental Shelf (UKCS).

Hi-tech USV begins sea trials before leaving for America
SEA-KIT International’s latest uncrewed surface vessel (USV) has commenced sea trials in the UK ahead of delivery to the U.S. autonomous maritime solutions provider ThayerMahan. This latest USV, X107T – the seventh X-class to leave SEA-KIT’s production facility in the East of England, includes a new

US spurs zest far beyond its borders for CCUS as ‘critical’ decarbonisation tool
Carbon capture, utilisation, and storage (CCUS) has become a valuable decarbonisation tool, making further inroads thanks to the IRA.

Two North Sea wells on Aker BP’s drilling agenda
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.