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Fortescue to acquire 12.5% ownership interest in Norwegian Hydrogen
Fortescue, a global green energy, metals and technology company, has invested close to NOK 100 million ($8.9 million) to become a shareholder in Norwegian Hydrogen. The investment will see Fortescue acquire a 12.5% ownership interest in Norwegian Hydrogen, becoming the third largest shareholder. For
Report: Shell to cut low-carbon jobs and scale back hydrogen business
According to news agency Reuters, energy major Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits. The staff cuts and organizational changes come after Sawan, appointed as CEO in Ja
Balticconnector and telecom cable incidents are related, Estonian Prime Minister says
The incidents that caused damage to the Balticconnector gas pipeline and telecom cables between Estonia, Finland, and Sweden are related, according to Estonian Prime Minister Kaja Kallas. Kallas met with Finnish Prime Minister Petteri Orpo and Swedish Prime Minister Ulf Kristersson in Brussels yeste
Hamburg, Halifax and Valencia ports to create innovation hubs
The innovation hubs of the Port of Hamburg, the Port of Halifax and the Port of Valencia have announced that they are in talks about the creation of a global network of port innovation hubs.
Brazilian FPSO hits full production record
The floating production storage and offloading unit (FPSO) Almirante Barroso, deployed at Petrobras’ deepwater oil field in the Santos Basin offshore Brazil, has reached full production in record time. The FPSO, which operates in the Búzios field in the pre-salt layer of the Santos Basin, reached fu
Seaway7 contracts Hellenic Cables for inter-array cables
Greece’s Hellenic Cables, the cable segment of Cenergy Holdings, has signed a contract with Seaway7 for the supply of inter-array cables for the East Anglia Three offshore wind farm in the UK. Under the contract, Hellenic Cables will be responsible for the engineering, manufacturing, testing, and su
Electrifying Debut: HaiSea Wamis completes its 1st tanker escort with full electric power
The fully electric harbor tugboat, the HaiSea Wamis, has accomplished its inaugural task, completing its first-ever oil tanker escort using all electric power, and heralding a new era of eco-friendly ship escorts. The HaiSea Wamis, a pioneering vessel in HaiSea Marine’s fleet, played a pivotal role
Winners of Denmark’s first PtX tender to build over 280 MW of electrolysis capacity
The Danish Energy Agency has closed the first Power-to-X tender, revealing six winning project divided between four companies. The selected six projects will together build over 280 MW of electrolysis capacity. The tender was launched in April and was open until September 1, 2023. Through the tender
Venice Energy inks exclusivity deal for use of Outer Harbor LNG terminal
Australian energy infrastructure developer Venice Energy and its compatriot energy provider Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide. The agreement will see Origin become the
‘Significant discovery’ in Guyana’s Stabroek block
U.S.-headquartered energy giant ExxonMobil has made another oil discovery at the Stabroek block, representing the fourth discovery offshore Guyana for this year. Guyana’s Ministry of Natural Resources (MNR) reported that the Lancetfish-2 appraisal well had resulted in a “significant discovery”. The
DNV, SHI to establish center for autonomous ship project
South Korean shipbuilder Samsung Heavy Industries (SHI) and classification society DNV have inked a Memorandum of Understanding (MOU) committing to establish a remote operation center (ROC) for real-time monitoring and control of maritime autonomous surface ships (MASS).
BIMCO: Containerships hit their highest average age to date
Containerships have now reached their highest average age to date, standing at 14.2 years. This places them as the oldest vessels among the three major shipping sectors. In contrast, dry bulk vessels have an average age of 11.9 years, while tankers, on average, are 12.8 years old, BIMCO said in the
Horisont Energi and Barents NaturGass pen LoI for clean ammonia supply
Norwegian clean energy company Horisont Energi has signed a Letter of Intent (LoI) with its compatriot Barents NaturGass for a long-term purchase agreement of up to 100,000 tons annually of clean ammonia from Horisont Energi’s and Fertiberia’s Barents Blue plant. Under the LoI, the two companies wil
Another Chinese oilfield begins producing
Following the start of production from an oilfield located in the South China Sea, Chinese oil and gas giant CNOOC Limited has kicked off production from another development, this time in the Bohai Sea. CNOOC Limited announced on October 27 that the Penglai 19-3 Oilfield Area 5/10 development projec