Business & Finance
Maersk seals deal for world’s 1st containership fueled by carbon-neutral methanol
Container shipping heavyweight Maersk has signed a shipbuilding contract with Hyundai Mipo Dockyard for the construction of a feeder vessel with a dual-engine technology enabling it to sail on either methanol or traditional very low sulphur fuel. The announcement comes weeks after Offshore Energy –
Lundin preparing for North Sea appraisal well
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Lundin Energy Norway for a well in the North Sea off Norway.
Vår Energi suffers delays at North Sea project due to Covid-19
Oil and gas companies are still feeling the impact of the Covid-19 pandemic as new project start-ups are being delayed and costs are rising due to continuous challenges arising from related restrictions.
Aker BP files development plan for new Alvheim tie-back
Norwegian oil & gas company Aker BP has filed its development plan for the Kobra East and Gekko project in the central part of the North Sea.
Proman adds two more methanol-powered ships to its newbuilding tally
Switzerland-based Proman has finalised an agreement to build two additional 49,900 dwt methanol dual-fuel MR tankers, bringing its total investment to six methanol-powered newbuildings. Proman, which is the world’s second-largest methanol producer, will be the sole owner of the Provident and Progres
Multimetaal to invest in Teamwork Technology’s Symphony wave power system
Dutch-based technical specialist in the metallurgical industry Multimetaal has announced plans to invest in compatriot company Teamwork Technology to further advance its Symphony wave energy device.
Correll to back ZTT on German offshore wind farms
China’s Zhongtian Technology Submarine Cable (ZTT) has awarded Correll Services with contracts related to subsea cables at the Kaskasi II and Gode Wind 3 offshore wind projects in Germany. Correll Services will provide platform cable routing, termination and testing of 155kV subsea cables for the AC
Equinor makes investment decision for Lavrans, Kristin Q discoveries
Equinor, Petoro, Vår Energi, TotalEnergies have decided to develop the Lavrans discovery and the Kristin Q-discovery which is a part of the Kristin field.
Innovate UK backs wave powered micro-grid project for Thailand
Innovate UK, the UK’s innovation agency, has provided £297,000 in grant funding for Eco Wave Power Gibraltar-led project to develop a wave powered micro-grid system that will eventually be tested on the islands of Thailand.
Chairman and non-exec directors leave Hurricane Energy
The chairman of UK oil and gas company Hurricane Energy, as well as all other non-executive directors, have resigned from the company’s board effective immediately.
200-turbine floating wind oil & gas electrification project selects first supplier
Cerulean Winds, a company that recently unveiled a project for the production of green hydrogen and electrification of offshore oil & gas assets with 200 floating wind turbines off Scotland, has named the first of its delivery partners. The company has selected NOV as the exclusive provider of float
CMA CGM welcomes final LNG-powered ULCV
CMA CGM Sorbonne, the last LNG-fueled, 23,000 TEU containership out of a series of nine giant boxships being built in China, has been delivered to French shipping major CMA CGM.
Horisont Energi inks LOIs for commercial carbon storage
Norwegian carbon tech company and driving force behind the Polaris carbon capture and storage project Horisont Energi has signed several letters of intent with major European companies, continuing its steady progress towards commercial carbon storage off the coast of Norway.
Solstad and Havfram continue Normand Vision deal
Solstad Offshore has secured a contract with Havfram, formerly known as Ocean Installer, for the construction support vessel (CSV) Normand Vision. The contract will commence in direct continuation of present agreement in place between the two companies. The firm period of the contract covers the maj