After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the
Poland’s natural gas transmission system operator GAZ-SYSTEM has received a decision on the environmental conditions from the Regional Director for Environmental Protection in Gdańsk for the implementation of the FSRU terminal with a subsea gas pipeline at the Port of Gdańsk. According to GAZ-SYSTEM
After revealing two potential suppliers in November 2023, Poland’s natural gas transmission system operator GAZ-SYSTEM has now selected Japanese shipping major Mitsui O.S.K. Lines (MOL) as the preferred shipowner to time charter out a floating storage and regasification unit (FSRU) for the planned L
Greece’s Hellenic Cables has signed a contract to supply inter-array cables for the Bałtyk II and Bałtyk III offshore wind farms in Poland. Hellenic Cables was appointed by Seaway7 as the key subcontractor for the design, manufacturing, testing, and supply of approximately 205km 66 kV submarine inte
The European Community Shipowners’ Associations (ECSA) has welcomed the Polish Shipping Association as a full member.
Iberdrola and the World Bank, through its private sector investment arm, the International Finance Corporation (IFC), have signed a €300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC has already allocate
The Norwegian Ministry of Energy has approved PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, as operator and partner with Horisont Energi in the only CO2 storage located in the Barents Sea. Horisont Energi and PUN announced a sales purchase agreement on December 11, 2023, making PUN a li
Polish shipbuilder Remontowa Shipbuilding S.A. has signed a contract to construct a hybrid-powered passenger-car ferry for Torghatten Nord AS, one of the largest ferry operators in Norway. The ferry will be fitted with two azimuth thrusters with vertically mounted electric motors powered by batterie
Norwegian shipowner Knutsen Group has welcomed the fourth newbuild LNG carrier, Ignacy Łukasiewicz, that will be chartered to Poland’s PGNiG Supply & Trading, a part of ORLEN Group. South Korean shipyard Hyundai Samho Heavy Industries (HSHI) delivered the 174,000 cubic meter vessel to Knutsen on Dec
Horisont Energi and PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, have signed a sales and purchase agreement (SPA) under which PUN acquires a 50% participating interest in the only CO2 exploration license in the Barents Sea and is willing to take over the operator role. Under the SPA, P
The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end
Poland’s natural gas transmission system operator GAZ-SYSTEM has closed the submission phase for binding offers in its open season FSRU 2 procedure which did not result in a sufficient number of binding orders to proceed with the implementation of the project envisaging installation of the second FS
