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Business Developments & Projects

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Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business Developments & Projects

UK oil & gas consolidation continues: Serica makes move on Spirit Energy’s North Sea assets

UK-based upstream oil and gas player Serica Energy has taken another consolidation step on the UK Continental Shelf (UKCS) by striking a deal to acquire the oil and gas portfolio of Spirit Energy Limited and its affiliates for an upfront consideration of £57 million (around $74 million).

about 7 months ago
MPCC to advance its fleet with 6 more boxships ready for alternative fuels
Business Developments & Projects

MPCC to advance its fleet with 6 more boxships ready for alternative fuels

Norwegian container tonnage provider MPC Container Ships (MPCC) has placed orders with China’s Taizhou Sanfu Ship Engineering for the construction of six 3,700 TEU container vessels that will be prepared for alternative fuels and advanced emissions-reduction technologies. First delivery is expected

about 7 months ago
Noble Globetrotter I drillship; Source: Noble
Business Developments & Projects

WATCH: Noble rig reaches Bulgaria to kick off Black Sea drilling ops by year-end

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, are getting ready to begin drilling activities in the Black Sea off the coast of Bulgaria.

about 7 months ago
Jan De Nul, Hellenic Cables link German offshore wind farm site with DolWin kappa platform
Business Developments & Projects

Jan De Nul, Hellenic Cables link German offshore wind farm site with DolWin kappa platform

Jan De Nul has installed three HVAC subsea cables, delivered by Hellenic Cables, between TenneT’s offshore converter station DolWin kappa and Nordseecluster 1 and 2 sites, the two locations in the German North Sea making up the 660 MW Nordseecluster A offshore wind farm, which itself is part of a bi

about 7 months ago
Bow Leopard; Source: Odfjell Tankers
Business Developments & Projects

Odfjell presses play for Brazil-Europe green corridor as new zero-emission shipping step

Norway-headquartered Odfjell Group, a player in seaborne transportation and storage of chemicals and other specialty bulk liquids, has bankrolled and put into operation mode what it describes as the first operational green shipping corridor between Brazil and Europe.

about 7 months ago
EU-funded study to asses feasibility of Panama-Spain green shipping corridor
Business Developments & Projects

EU-funded study to asses feasibility of Panama-Spain green shipping corridor

London-based environmental, energy and engineering consulting company Ricardo is leading a study that investigates the feasibility of a green shipping corridor between Panama and Algeciras, Spain, aiming to decarbonize maritime trade and modernize global connectivity. The study is funded by EU deleg

about 7 months ago
COSL Innovator rig; Source: COSL
Business Developments & Projects

Go-ahead for Equinor’s drilling ops with COSL rig in Norwegian waters

Equinor has received the Norwegian authorities’ blessing for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 7 months ago
Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet
Business Developments & Projects

Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet

Ocean Infinity has taken delivery of the 14th and final vessel in its Armada fleet, ordered in 2020 as a fleet of next-generation robotics-equipped, low-emission vessels for geophysical and geotechnical surveys. The latest delivery completes the 86-meter class of Armada vessels, following the introd

about 7 months ago
Deepsea Bollsta; Source: Odfjell Drilling
Business Developments & Projects

Odfjell Drilling buys six-year-old rig: Name change coming up next year

A 2019-built semi-submersible rig, owned by Northern Ocean, has now been acquired by Odfjell Drilling, which plans to rename this mobile offshore drilling unit (MODU) in 2026.

about 7 months ago
Thailand’s first CCS project in the works with PTTEP at the helm
Business Developments & Projects

Technip Energies lands job at Thailand’s first carbon capture and storage project

French-based engineering company Technip Energies has secured a detailed engineering assignment for the first carbon capture and storage (CCS) project in the Gulf of Thailand.

about 7 months ago
New study exploring oxygen as possible solution to hydrogen pipeline embrittlement
Business Developments & Projects

New study exploring oxygen as possible solution to hydrogen pipeline embrittlement

Great Britain’s National Gas Transmission (NGT) has appointed London-headquartered engineering consultancy Penspen to explore whether oxygen can act as an effective inhibitor for hydrogen embrittlement, seen as one of the major challenges in repurposing and constructing pipelines for a future hydrog

about 7 months ago
A floating production storage and offloading unit at sea
Business Developments & Projects

Short lease turns into long-term gig for rig set to become drilling and wellhead platform

Oslo-listed oil and gas E&P player BW Energy has secured a project lease agreement with Minsheng Financial Leasing Co (MSFL) for an offshore unit, which is expected to be repurposed from a jack-up rig into a fully integrated drilling and production platform.

about 7 months ago
ABB and HDF plan serial production of high-power fuel cell units from 2030
Business Developments & Projects

ABB and HDF plan serial production of high-power fuel cell units from 2030

Swedish-Swiss ABB and France-based HDF Energy have signed a joint-development agreement (JDA) to develop a high-power fuel cell unit that will enable megawatt-scale installations to power large seagoing ships. The partners, who signed a memorandum of understanding (MoU) in 2020 envisaging the collab

about 7 months ago
Illustrative image of ammonia FPSO; Source: MISC
Business Developments & Projects

MISC and China Offshore’s ammonia FPSO design wins ABS’ blessing

Two players, MISC and China Offshore Engineering & Technology Company (China Offshore), have secured an approval in principle (AiP) from the American Bureau of Shipping (ABS) for their concept of an ammonia floating production storage and offloading (FPSO) unit.

about 7 months ago
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