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Business Developments & Projects

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Snam teams up with KN to start up Italy’s new floating LNG terminal
Business Developments & Projects

Snam teams up with KN to start up Italy’s new floating LNG terminal

Italian energy company Snam has selected Lithuanian oil and LNG terminals’ operator Klaipedos Nafta (KN) for collaboration in the start-up of a greenfield FSRU-based LNG terminal in the port of Piombino. KN said it will support Snam in the FSRU installation and subsequent commissioning and testing o

about 3 years ago
PSV Viking Queen; Source: Eidesvik Offshore
Business Developments & Projects

Wintershall Dea hires another Eidesvik PSV

Eidesvik Offshore has been awarded a contract for another of its PSVs by Wintershall Dea for operations offshore Norway.

about 3 years ago
Siem AHTS ready for offshore wind work in East Asia
Business Developments & Projects

Siem AHTS ready for offshore wind work in East Asia

Siem Offshore has secured a medium-term contract for one of its anchor handling tug supply (AHTS) vessels to be deployed on an offshore wind project in East Asia. Under the contract, AHTS Siem Topaz will perform services for Helix Robotics Solutions in Taiwan. The work is set to commence this month

about 3 years ago
BW Offshore, SwitcH2 get DNV’s nod for floating ammonia production unit
Business Developments & Projects

BW Offshore, SwitcH2 get DNV’s nod for floating ammonia production unit

An industrial-scale concept for a floating green ammonia production unit developed by Netherland-based SwitcH2 BV and Norway-based BW Offshore has secured Approval in Principle (AiP) from classification society DNV. With AiP in place, the technical feasibility of the design has been affirmed and the

about 3 years ago
FPSO BW Opportunity; Source: BW Offshore
Business Developments & Projects

BW Offshore sells FPSO while pursuing redeployment opportunities

Norway’s FPSO operator BW Offshore has decided to sell one of its FPSOs, which it recently marked as a redeployment candidate.

about 3 years ago
Results 'above all expectations' as Prysmian reports best year ever
Business Developments & Projects

Results ‘above all expectations’ as Prysmian reports best year ever

Italian cabling giant Prysmian Group has reported that 2022 was its best year ever in terms of financial results as its profits and cash generation had grown by over 50 per cent. For 2022, Prysmian’s adjusted EBITDA amounted to €1,488 million, representing a +52.5 per cent growth compared to 2021, w

about 3 years ago
Armada; Source: Shell
Business Developments & Projects

Shell cleared for removal and disposal ops at North Sea field

Shell has received consent from Norway’s regulator for removal and disposal operations, as part of decom activities on a North Sea field.

about 3 years ago
HaiSea Marine names its eco-friendly tugboat fleet
Business Developments & Projects

HaiSea Marine names its eco-friendly tugboat fleet

HaiSea Marine, majority owned by Haisla Nation in partnership with Seaspan, has held a naming ceremony for its tug boat fleet, including fully electric harbour tugboats and dual fuel (LNG and diesel) escort tug boats.

about 3 years ago
FPSO Guanabara working on the Mero field off Brazil; Source: MODEC
Business Developments & Projects

Shell and Petrobras forge stronger ties seeking new exploration and decarbonisation opportunities

Shell and Petrobras have joined forces to embark on a quest to unlock new upstream and energy transition opportunities.

about 3 years ago
Cygnus field in the UK North Sea (for illustration purposes); Source: Neptune Energy
Business Developments & Projects

Pushing for cleaner oil & gas production pays off, as UK North Sea flaring gets halved

UK’s regulator North Sea Transition Authority (NSTA) says flaring has been cut in half, following four consecutive years of reductions.

about 3 years ago
IMCA takes measures in response to increase in false ROV training certificates
Business Developments & Projects

IMCA takes measures in response to increase in false ROV training certificates

International Marine Contractors Association (IMCA) has launched a new approval process for remotely operated vehicle (ROV) introductory training courses due to an increase in false certificates. IMCA reported on 9 March that it had introduced a new scheme to address the safety concerns of this unau

about 3 years ago
Gasgrid reduces number of planned LNG import slots at Inkoo terminal
Business Developments & Projects

Gasgrid reduces number of planned LNG import slots at Inkoo terminal

Finnish transmission system operator Gasgrid Finland has reduced the total number of planned LNG import slots at the country’s first FSRU-based terminal for Q2 and Q3 2023. Finland’s floating LNG terminal is located in the port of Inkoo where Excelerate Energy’s floating storage and regasification u

about 3 years ago
Banja floating solar plant in Albania (Courtesy of Statkraft)
Business Developments & Projects

Statkraft’s upgraded 2MWp floating solar plant starts commercial operation

The 2MWp floating solar plant in Albania, developed by Europe’s largest renewable energy generator Statkraft, has started producing renewable energy and injecting it to the Albanian electricity grid following the installation of three new floaters.

about 3 years ago
James Fisher and Østensjø Rederi ink seasonal vessel charter agreement
Business Developments & Projects

James Fisher and Østensjø Rederi ink seasonal vessel charter agreement

UK’s James Fisher Subtech (JF Subtech) has signed a seasonal charter agreement with Norwegian vessel operator Østensjø Rederi for the exclusive use of its inspection, repair and maintenance (IRM) and construction vessel. The agreement will see the Edda Savanah mobilized in April for work in the Nort

about 3 years ago
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