Outlook & Strategy
HJSC wins LR’s nod for 88,000 cbm VLAC design
South Korean HJ Shipbuilding & Construction (HJSC) has obtained approval in principle (AiP) from the classification society Lloyd’s Register (LR) for the design concept of an 88,000 cbm next-generation eco-friendly very large ammonia carrier (VLAC).
Subsea7 expands its scope for giant Black Sea gas project with IRM services
Subsea7 has secured a contract with Turkish Petroleum Offshore Technology Center (TP-OTC) to provide inspection, repair and maintenance (IRM) services for Türkiye’s largest natural gas field. The contract for the Sakarya gas field development in the Black Sea includes project management and engineer
Saipem’s Castorone en route to Türkiye’s largest natural gas field for pipeline installation
Saipem’s pipelay vessel Castorone is on its way to the Black Sea where it will perform offshore pipeline installation for the second phase of Türkiye’s largest natural gas field. On its way to the Sakarya project, Castorone crossed the Dardanelles Strait early on December 26, covering a distance of
Estlink 2 damage not considered an accident, Estonia’s minister says as navy protects sister link
Estonia’s Defense Forces launched a naval operation early today to protect the Estlink 1 interconnector between Estonia and Finland as a response to the damage that occurred on the day of Christmas on Eastlink 2. Finland’s transmission system operator (TSO) Fingrid reported to the authorities on Dec
France experiences wind propulsion boom in 2024
The French sailing fleet now comprises eleven large cargo ships, with four new wind-powered vessels added to the fleet in 2024, Association Wind Ship revealed.
Scottish startup inks ‘landmark’ deal for EU’s first operational CO2 storage facility
Scottish startup The Carbon Removers has secured what it says is a landmark deal for CO2 storage as part of Project Greensand in the Danish North Sea. The Carbon Removers announced the agreement on December 10 to permanently sequester 50,000 tonnes of CO2 per year in a depleted oil field, 1,800 mete
Western nations decide to make things harder for Russian ‘shadow’ fleet
Twelve European countries agreed measures targeting Russia’s ‘shadow’ fleet at a recent summit in Tallinn, Estonia.
Halliburton to acquire Optime Subsea
U.S.-headquartered oilfield services giant Halliburton is set to purchase Optime Subsea, a Norwegian provider of subsea solutions for the oil & gas industry, following the signature of a definitive agreement. According to Optime Subsea, the acquisition will integrate its umbilical-less technology in
VARD delivers hybrid cable layer to Danish subsea specialist
Norway’s ship designer and shipbuilder VARD has delivered an advanced cable-laying vessel (CLV) to Denmark’s subsea specialist NCT Offshore, less than two years after the contract was signed. NCT placed the order for the 95-meter-long CLV Freja with VARD in early 2023, with Vard Design in Ålesund, N
UK’s first CO2 injection nears reality as final preparations are underway (Video)
Perenco UK and Carbon Catalyst Limited are completing the final preparations for the CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. The partners secured a license to progress the Poseidon CCS pro
North Ammonia advances plans for green ammonia plant at Fjord Base
Norwegian green energy provider North Ammonia has partnered with compatriot Fjord Base Holding to develop a green ammonia production facility at Fjord Base in Florø.
Construction of €1B Greek electrical interconnection done, operations in spring
Ariadne Interconnection, a subsidiary of Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), has completed what it says is the largest electricity transmission project in Greece, with a budget exceeding €1.1 billion. IPTO reported yesterday, December 23,
Solstad buys into Omega Subsea
Solstad Subsea Holding, a wholly owned subsidiary of Norwegian shipping company Solstad Offshore, is set to acquire a 35.8% ownership share in Norway’s ROV, tooling, personnel, survey and project management services provider Omega Subsea. Established in 2012, Omega Subsea, with offices in Norway and
Another newbuild REM Offshore vessel to sport Brunvoll thruster package
Norway’s Myklebust Shipyard has awarded compatriot Brunvoll with another contract for a thruster package, destined for an inspection, maintenance and repair (IMR) vessel it is building for REM Offshore. This confirms the option for an additional vessel for REM Offshore, originally announced in May t