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Business Developments & Projects

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Furetank making strides in transition to fossil fuel-free shipping
Business Developments & Projects

Furetank making strides in transition to fossil fuel-free shipping

Furetank has launched a new company for trading emission reductions under the FuelEU Maritime regulation and signed an agreement securing all the biogas required to operate its wholly and partly owned gas-propelled vessels trading in the EU during 2025.

about 1 year ago
NatPower to build UK’s first battery storage with maritime electrification infrastructure
Business Developments & Projects

NatPower to build UK’s first battery storage with maritime electrification infrastructure

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Renewable energy project developer NatPower has set out to build the UK’s first battery storage facility combined with maritime electrification infrastructure, Teesside GigaPark.

about 1 year ago
NKT BorWin5
Business Developments & Projects

NKT installs power cables at TenneT’s BorWin5 offshore grid connection

Denmark’s NKT has finalized the installation of a 320 kV high-voltage DC (HVDC) power cable system at the 900 MW BorWin5 offshore grid connection in Germany. The pull-in work to the offshore platform was carried out by the company’s NKT Victoria vessel. NKT was responsible for the delivery and insta

about 1 year ago
New partnership to bring military-grade battery tech to commercial offshore energy sector
Business Developments & Projects

New partnership to bring military-grade battery tech to commercial offshore energy sector

Scottish subsea intelligent energy management and storage solutions developer Verlume and Canada-headquartered marine technology player Kraken Robotics have entered into a strategic collaboration to introduce military-grade battery technology into the commercial offshore energy sector for what they

about 1 year ago
Ahti
Business Developments & Projects

Ahti nets additional funding to boost FuelEU Maritime compliance pool

Ahti Climate, a provider of FuelEU Maritime pooling services, has secured additional funding from Business Finland to further strengthen its Ahti Pool platform and advance research and development (R&D).

about 1 year ago
Courtesy of VTTI
Business Developments & Projects

Netherlands raises its energy security bar with permitting milestone for new LNG terminal

VTTI, a Dutch energy infrastructure company, and Höegh Evi, a Norwegian owner and operator of liquefied natural gas (LNG) carriers and floating storage and regasification units (FSRUs), have ticked off the first phase of the permit procedure from the list of requirements to bring their proposed new

about 1 year ago
Subsea7 prolongs stay at Türkiye’s largest natural gas field with ‘major’ contract
Business Developments & Projects

Subsea7 prolongs stay at Türkiye’s largest natural gas field with ‘major’ contract

Following the contract for inspection, repair and maintenance (IRM) services announced at the end of 2024, Subsea7 has now been selected to deliver subsea umbilicals, risers and flowlines (SURF) for Türkiye’s largest natural gas field. The SURF engineering, procurement, construction and installation

about 1 year ago
Gjøa platform
Business Developments & Projects

OKEA getting stake in Aker BP-operated North Sea license

Norway’s oil and gas company OKEA has reached an agreement with the Norwegian subsidiary of London-listed Harbour Energy to farm into the interest the latter holds in a license offshore Norway.

about 1 year ago
Ammonia-ready Grande Shanghai joins Grimaldi’s PCTC fleet
Business Developments & Projects

Ammonia-ready Grande Shanghai joins Grimaldi’s PCTC fleet

Italy’s shipping player Grimaldi Group has taken delivery of the newbuild next-generation ammonia-ready pure car and truck carrier (PCTC) built by China Merchants Heavy Industries (CMHI) Jiangsu, Grande Shanghai.

about 1 year ago
One of world’s deepest interconnections to enter commercial operation in two months
Business Developments & Projects

One of world’s deepest interconnections to enter commercial operation in two months

The Crete-Attica electrical interconnection, the largest electricity transmission project in Greece, has completed a three-month testing phase, marking entry into the final stage before official commercial operation. With a budget of over €1.1 billion, the cable link connects the Attica region on th

about 1 year ago
Everllence
Business Developments & Projects

Final batch of Höegh Autoliners’ Aurora-class PCTCs to feature Everllence dual-fuel ammonia engines

Germany-based engine manufacturer Everllence (previously MAN Energy Solutions) has been tapped by Norwegian shipping company Höegh Autoliners to supply its dual-fuel ammonia engines for the final quartet of the 9,100 CEU Aurora-class pure car and truck carrier (PCTC) fleet. As disclosed, Everllence

about 1 year ago
Borr Drilling’s Prospector 1 rig; Source: Neptune Energy
Business Developments & Projects

Borr Drilling’s hat trick: North Sea duo for one jack-up and West African job for another rig

Borr Drilling, an offshore drilling player, has secured three multimillion-dollar deals for two jack-up rigs in Europe and West Africa.

about 1 year ago
Leadership change at Xodus as founder hands over CEO role to Subsea7 exec
Business Developments & Projects

Leadership change at Xodus as founder hands over CEO role to Subsea7 exec

Global energy consultancy Xodus, an autonomous Subsea7 subsidiary since 2018, has appointed a new chief executive officer (CEO) as the company founder decided to step down from the role. Xodus Founder Steve Swindell is stepping down from the CEO role after 20 years with the firm, set to be succeeded

about 1 year ago
JDR cables to electrify Eni’s UK carbon capture and storage project
Business Developments & Projects

JDR cables to electrify Eni’s UK carbon capture and storage project

UK-based manufacturer of subsea and power cables JDR Cable Systems, part of TFKable Group, is set to supply subsea power cables for a carbon capture and storage (CCS) project offshore the UK being developed by Italian energy major Eni. JDR will deliver around 100 kilometers of 33 kV subsea cables fo

about 1 year ago