Business & Finance

CSA goes 2.4 kilometers deep for Barbados survey campaign
U.S.-based marine environmental consulting firm CSA Ocean Sciences has completed a two-year environmental baseline survey (EBS) at depths of up to 2,400 meters in waters offshore southeast Barbados.

Strategic Marine to build another fast crew boat for Malaysian operator
Singapore’s shipbuilder Strategic Marine has secured a new contract for a 42m Fast Crew Boat from a repeat client, Malaysia’s Centus Marine.

Ernst Russ boosts fleet with 12 feeder vessels
German shipping company and maritime investment manager Ernst Russ has decided to increase its stake in a fleet holding company, thereby expanding its fleet with twelve containerships.

North Sea Midstream Partners joins Acorn Project in UK
Storegga, Shell, and Harbour Energy have revealed that North Sea Midstream Partners has acquired stake in the Acorn CCS and Hydrogen Project in the UK.

North Sea Link to enter 2022 at reduced capacity
The North Sea Link (NSL) interconnector between Norway and the UK will operate at reduced capacity until mid-February 2022 following a fault detected in one of its converters, Norwegian system operator Statnett reported.

FAR sees Gambian well costs go up after issue with fluid losses
Australia’s FAR Ltd has temporarily stopped drilling the Bambo-1 well located off The Gambia after experiencing significant fluid losses.

Dutch LNG-ZERO concept receives subsidy
Dutch maritime consortium has received financial aid for the LNG-ZERO concept, an ambitious research project originally introduced by TNO.

Chevron gains extension for block offshore Angola through 2050
An affiliate of Chevron in Angola has secured an extension of the Block 0 concession, off the coast of Cabinda province in Angola.

Dutch consortium wins €24M research grant to accelerate use of methanol as marine fuel
Methanol as an Energy Step Towards Zero-Emission Dutch Shipping (MENENS) maritime consortium has been awarded a €24 million (about $27 million) grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry.

Heerema renews contract with Kongsberg Digital in support of crane simulator
Kongsberg Digital has won a five-year contract extension with Heerema for system support of maritime simulation solutions and training.

Lhyfe, DORIS plan to launch hydrogen-producing floating wind turbine
France-based green hydrogen technology developer Lhyfe and engineering company DORIS have signed a Memorandum of Understanding (MoU) on working together on offshore hydrogen production projects, with a plan to launch the first floating wind turbine for integration with a hydrogen production system.

New CEO to head Lamprell and Injazat digital joint venture
Injazat and Lamprell have appointed a CEO of their JV to progress their digital strategy, while also generating new revenue streams.

Solstad vessels win long-term jobs with Equinor in Brazil
Solstad Offshore has secured long-term contracts for two of its platform supply vessels with Equinor for operations in Brazil.

Shell free to proceed with seismic survey off South Africa after court win
Oil major Shell is free to go ahead with its planned seismic surveys along the eastern coast of South Africa after the court dismissed an 11th-hour legal challenge by environmental groups which claim that the activities will cause irreparable harm to the marine environment in the region.