Business & Finance
Rovco’s new COO comes from Mermaid Subsea Services
UK’s Rovco has appointed Fraser Moonie, previously Regional Director for Mermaid Subsea Services UK, as its new Chief Operating Officer (COO) as part of the company’s global expansion targets. Shortly before taking over the role at Rovco, Moonie worked to bring the Asia-based subsea contractor Merma
Vard to make Norwegian platform supply vessel more sustainable
Norway-based Vard Electro has secured a contract with compatriot REM Offshore to deliver an energy storage system for a platform supply vessel (PSV) that will undergo a retrofit project. The order covers a comprehensive SeaQ package that includes an energy storage system, drives, energy management s
EC backs LOTOS Green H2 in hydrogen production, approves Polish measure
The European Commission (EC) has approved, under EU State aid rules, a €158 million Polish measure to support LOTOS Green H2, a special purpose vehicle ultimately owned by PKN Orlen SA, in the production of renewable hydrogen to be used in the refinery production processes. The LOTOS’s Green H2 proj
Fugro’s Blue Essence becomes first UAE-flagged uncrewed surface vessel
Fugro has received full navigation licensing from the UAE Ministry of Energy and Infrastructure for its Blue Essence uncrewed surface vessel (USV). The navigation licensing for Fugro Pegasus represents the first registration of an over-the-horizon USV in the UAE, making the Blue Essence USV the firs
Wärtsilä, Höegh LNG and partners to develop ammonia as hydrogen carrier with Norwegian backing
Finnish technology group Wärtsilä and Norway-based Höegh LNG, together with other partners, have received funding of approximately €5.9 million (around $6.4 million) from the Norwegian government for the development of ammonia as a hydrogen carrier for the energy market. The funding is part of Norwa
Aker BP cleared to deploy vessel with gangway for access at multiple offshore assets
Aker BP has received consent from the Norwegian regulator to use a vessel with gangway for access (W2W) for work on three fields off Norway.
Maersk’s Njord and partners to work on fuel-saving tech backed by carbon credits
Greenheart, a subsidiary of Hayfin Capital Management, has partnered with green tech business Njord and maritime consulting firm Marsoft to work on fuel-saving technologies for retrofits underpinned by carbon credits.
Aker BP finds more oil in North Sea thanks to new discovery
Norwegian oil and gas player Aker BP has made a new oil discovery in the North Sea off Norway, using a Saipem-owned rig.
Two players join forces in Denmark to pursue ‘wealth of opportunities’ in oil & gas
Noreco has entered into a strategic deal with Semco Maritime to identify, explore and investigate opportunities in the oil and gas sector.
Norwegian oil & gas firm eyes more offshore acreage in North Sea
Noreco, to be renamed BlueNord, has set the wheels into motion to participate in a mini-round of licencing in the Danish North Sea.
Rig spuds fifth well in Black Sea drilling campaign
Trillion Energy has started drilling the fifth well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
Landsvirkjun teams up with Linde on clean hydrogen and e-fuel projects
Icelandic energy company Landsvirkjun and global industrial gases and engineering company Linde have signed a collaboration agreement that is expected to facilitate energy transition in Iceland through the development of clean hydrogen and e-fuel projects. Landsvirkjun said the partnership will comb
$25 million investment comes into ROVOP’s hands
UK-based remotely operated vehicle (ROV) solutions provider ROVOP has secured a new $25 million senior credit facility with global infrastructure and real assets manager Cordiant Capital in order to pursue growth steps. The support comes as ROVOP continues to invest in its fleet infrastructure and e
Itochu invests in Purus Marine
Japan’s Itochu Corporation has decided to make an equity investment in Purus Marine, a recently formed, environmentally focused maritime vessel and infrastructure company. UK-based Purus Marine owns and manages various environmentally advanced vessels. Its business purpose is to provide vessels that