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Business Developments & Projects

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Subsea7 and Equinor extend IMR deal for 2013-built vessel
Business Developments & Projects

Subsea7 and Equinor extend IMR deal for 2013-built vessel

Subsea7 and Equinor have agreed on an extension of their existing frame agreement covering subsea inspection, maintenance and repair services (IMR) delivered by a 2013-built subsea vessel. Under the terms of the extension of an agreement first signed in 2018, Seven Viking will carry out IMR services

about 7 months ago
SFL Albany; Source: Port of Corpus Christi
Business Developments & Projects

SFL sheds Suezmax tanker duo and pulls the plug on charters for two other vessels

Bermuda-based shipowner and charterer SFL Corporation has decided to divest two ten-year-old Suezmax tankers and end charters for two more such vessels.

about 7 months ago
Maintenance and upgrade work completes at world's largest tidal stream array
Business Developments & Projects

Maintenance and upgrade work completes at world’s largest tidal stream array

Offshore works, which included turbine recovery, have been completed at MeyGen, described as the world’s largest tidal stream energy development, located in Scotland’s Pentland Firth. UK-based tidal energy company Proteus Marine Renewables reported on December 18 that it had, together with project o

about 7 months ago
Illustration; Source: Ocean Yield
Business Developments & Projects

Ocean Yield and NYK Line pool resources on LNG vessel quartet with four more on the cards

Building on their previous ties, Norwegian shipowner Ocean Yield and Japan’s shipping giant Nippon Yusen Kabushiki Kaisha (NYK Line) have teamed up to split ownership in four liquefied natural gas (LNG) carriers that are yet to be constructed. However, available charter options could double the newb

about 7 months ago
Illustration; Source: Archer
Business Developments & Projects

Archer staying on North Sea platform drilling and maintenance duty for three more years

Norway’s oil and gas player Aker BP has prolonged an assignment Oslo Stock Exchange-listed oil services company Archer is carrying out in the Norwegian sector of the North Sea.

about 7 months ago
Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild
Business Developments & Projects

Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild

AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has taken delivery of the ninth vessel out of twelve plug-in hybrid coasters it has on order with shipbuilder Chowgule & Company. The vessel, which belongs to the Green Coaster series, has been named Fleximar and wa

about 7 months ago
JERA
Business Developments & Projects

Another multi-year LNG offtake deal in JERA’s hands

Japan’s power generation major JERA has won a long-term liquefied natural gas (LNG) supply agreement with Hokkaido Gas, said to be a key regional energy provider.

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

Odfjell Drilling firms up 11-year-old rig’s multi-year gig in Norwegian waters

Odfjell Drilling, a 52-year-old offshore drilling player, has turned a letter of intent (LoI) into a new contract for its 2014-built semi-submersible rig, which will now be booked for work until the first quarter of 2029.

about 7 months ago
TechnipFMC illustration
Business Developments & Projects

Mozambique’s second FLNG project on TechnipFMC’s to-do list

Italian oil & gas giant Eni has awarded TechnipFMC with a subsea contract for the second floating liquefied natural gas (FLNG) project offshore Mozambique. TechnipFMC has been awarded an engineering, procurement, construction, and installation contract by Eni for the Coral North FLNG development, un

about 7 months ago
An offshore rig
Business Developments & Projects

North Sea yields fresh gas and condensate discovery

Harbour Energy Norge, a subsidiary of London-listed oil and gas company Harbour Energy, has made a new gas and condensate discovery in the Norwegian sector of the North Sea, which was drilled with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 7 months ago
Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027
Business Developments & Projects

Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027

Subsea7 has secured a subsea engineering, procurement, construction and installation (EPCI) contract with ConocoPhillips Skandinavia for the Previously Produced Fields (PPF) development project offshore Norway. The EPCI scope covers subsea structures, umbilicals, risers and flowlines (SURF) and will

about 7 months ago
Prigorodnoye production complex at Sakhalin II project; Source: Gazprom
Business Developments & Projects

EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027

Given its determination to shake off the shackles of dependence on Russian oil and gas imports, the European Union (EU) has decided to lay down the law on these fossil fuels by holding the line on the proposed gradual ban on imports of pipeline gas and liquefied natural gas (LNG) from next year, wit

about 7 months ago
Tekmar wins €8 million contract for ‘major’ UK offshore wind farm
Business Developments & Projects

Tekmar wins €8 million contract for ‘major’ UK offshore wind farm

UK-headquartered Tekmar Group has secured a contract worth over €8 million with an existing engineering, procurement and construction (EPC) customer for its cable protection system (CPS) to be deployed at a UK offshore wind farm. Tekmar will deliver its 10th-generation CPS and associated ancillaries

about 7 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business Developments & Projects

Alternative fuels and OCCS-ready bulk carrier gets ClassNK’s approval

Japanese classification society ClassNK has issued approval in principle (AiP) for a concept design of a bulk carrier developed by Oshima Shipbuilding that is ready for multiple alternative fuels and onboard carbon capture and storage (OCCS). The AiP covers a vessel designed to be adaptable for ammo

about 7 months ago
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