Energy Segments News

Yinson GreenTech (YTG), a green tech investment branch of the Malaysian FPSO giant Yinson, has announced its strategic investment in a Norwegian startup specializing in autonomous solutions for the maritime industry called Zeabuz."The investment provides the foundation for YGT to work closely with Zeabuz in the development of autonomous solutions for YGT’s future fleet of electric vesselsm," Yinson said, without sharing info on the size of the investment.Eirik Barclay, Chief Executive Officer of YGT…

Norwegian oil and gas company Aker BP has chartered Solstad Offshore's large platform supply vessel Normand Arctic.The platform supplier will be used to support Aker BP's activities on the Norwegian Continental Shelf.According to the shipowner, the contract is expected to start during the fourth quarter of 2022. The contract is for a period of 15 months. Financial information was not disclosed.Earlier this week, Solstad Offshore said that it expected that the Russian 'tragic'…

Norwegian investment company Standard Drilling said Tuesday it had sold its 33.3% ownership in the VLCC Gustavia S, following the updated company strategy. Standard Drilling, which in 2013 sold off its offshore drilling rigs, only to return as offshore vessel owner in 2016, in January 2020 entered the tanker market by acquiring a 33.3% ownership in the newly built Gustavia S VLCC.Now, the company has sold its stake in the 300 000 TDW ECO Design Crude Oil Tanker built by Daewoo Shipbuilding & Marine Engineering Co and fitted with scrubber technology delivered by Wärtsila. The transaction values the vessel at USD 93 million, where Standard…

Finland-based marine and energy equipment maker Wärtsilä expects the third quarter of the year to be better than the corresponding one of 2020 but has warned that prevailing market conditions make the outlook uncertain.The company made the statement Tuesday as part of the release of its second-quarter results.In the second quarter of 2021, Wärtsilä's order intake grew by 14% to EUR 1,15 billion up from 1,01 billion a year ago. Service order intake increased by 24% to EUR 604 million…

Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer Wattyl Australia and New Zealand from The Sherwin-Williams Company, the world’s largest paint and coatings company and headquartered in the United States.Hempel received formal customary approval from the relevant authorities in Australia and New Zealand and the acquisition was closed on 31 March.

Offshore renewable energy is gaining investment support in the United States, particularly on the east coast. While the U.S. is a full generation behind its European counterparts in tapping the wind as an energy source, if current plans come to fruition it could gain ground quickly. Recently we spoke with Astrid Skarheim Onsum, SVP, Head of Wind Aker Solutions, for her view on the path ahead and the growing role and promising future of ‘floating wind.’Please give an overview of your responsibilities as SVP…

Satellite communications provider Speedcast International said it will begin to offer Intellian’s v240MT antenna to customers in the cruise and offshore energy sectors.The v240MT is Intellian’s next generation, tri-band and multi-orbit 2.4 meter antenna for use on Ku, Ka and C-band satellites. The antenna has the capability to provide Medium Earth Orbit (MEO) and Geostationary Earth Orbit (GEO) broadband access to virtually any satellite constellation within seconds. Intellian said the v240MT is designed to deliver data rates exceeding 1Gbps…

Satellite 2018 marks the launch of Cobham SATCOM’s Sea Tel 9711 Triband maritime antenna system, which leverages unique technology and capabilities from global communications company Viasat Inc. The Sea Tel 9711 Triband is the world’s first and only 2.4m maritime stabilized antenna capable of delivering full 2.4m gain performance across any C-, Ku-, or Ka-band network to maximize high-speed, high-quality broadband connectivity for high-demand maritime segments, such as Cruise, Energy and Government. The triband antenna system leverages radio frequency (RF) technology provided by Viasat to enable compatibility across any Ka-band satellite network operating in any orbit.

Norwegian offshore vessel owner Solstad Offshore has entered into contracts with Dong Energy Wind Power for two of its construction support vessels (CSVs).   The first contract will see the CSV Rem Installer work for Dong Energy for a period of 23 months firm with a further six months option.   A second Solstad vessel will start working for Dong in April 2018 for a seven-month period, with an option for an additional eight months.   “The contract with DONG Energy Power is a strategically important contract for Solstad Offshore in the company’s continued commitment to the renewable energy segments,” the company said in a release.   The commercial terms of the deals have not been disclosed by the two companies.

Mont Hope Ship Management, a new and specialized company focusing on services for vessels engaged in energy segments, is implementing DNV GL’s integrated software system ShipManager on the entire fleet in order to optimize operations and improve performance. Mont Hope Ship Management is a new company, started in May 2015 and based in Kuala Lumpur, Malaysia. Concurrent with the start-up, they began the process of selecting a comprehensive fleet management software system to support efficient and safe operations, as well as to improve business performance. The amount of resources needed to gather data from various sources can be challenging and inefficient.

Friede Goldman Halter, Inc. (FGH) finalized contracts totaling $82 million. The contracts call for the construction of a $70 million cargo vessel and the design and construction of 22 shipboard cargo cranes. Halter Marine, Inc., the vessel construction division of FGH, will build a $70 million car carrier for Pasha Hawaii Transport Lines. The 579-ft. Pure Truck Car Carrier will transport more than 4,000 automobiles between destinations on the Pacific coast. Pasha Hawaii Transport Lines is a joint venture between The Pasha Group and Van Ommeren Shipping USA, which will operate the vessel. The ship's Jones Act compliance will enable it to operate between U.S. West Coast ports and Hawaii as well as serve foreign ports.