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Business Developments & Projects

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Offshore platform
Business Developments & Projects

Dutch firm supports delivery of UK’s first CO2 injection

Rotterdam-headquartered Draeger Marine & Offshore (DMO) has provided insight into the support provided during the UK’s first carbon dioxide (CO2) injection test for carbon capture and storage (CCS).

about 1 year ago
Central Morecambe platform; Source: Spirit Energy
Business Developments & Projects

UK fund makes first investment in CO2 project to drive industrial renewal

The National Wealth Fund (NWF), the UK’s sovereign wealth fund, intends to make a multi-million equity investment in the development that will store CO2 emissions in the East Irish Sea.

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about 1 year ago
H2med hydrogen project advances with BarMar joint venture agreement
Business Developments & Projects

H2med hydrogen project advances with BarMar joint venture agreement

Enagás, NaTran, and Teréga have signed a shareholders agreement to create a joint venture for developing BarMar, the renewable hydrogen pipeline between Barcelona, Spain, and Marseille, France, and a part of the European H2med project.

about 1 year ago
Illustration; Source: Viaro Energy
Business Developments & Projects

British upstream player picks new COO as current one prepares to retire

As its existing Chief Operating Officer (COO) is ready to retire, London-based independent upstream player Viaro Energy has revealed the name of the new COO, who will step into the role next month.

about 1 year ago
Baker Hughes and Evida shake hands for CO2 transport in Denmark
Business Developments & Projects

Baker Hughes and Evida shake hands for CO2 transport in Denmark

U.S.-headquartered energy technology giant Baker Hughes and Danish gas distribution operator Evida have established a partnership to collaborate on developing and enabling CO2 transport solutions across Denmark to back the country’s CO2 reduction goals. The strategic collaboration agreement, signed

about 1 year ago
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Business Developments & Projects

Seaturns raises €2.45 million to launch full-scale wave energy demonstrator

French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan

about 1 year ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business Developments & Projects

Satellite down for the count but fight against methane in oil & gas realm will go on

MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.

about 1 year ago
WSS to accelerate electrification as newest member of Maritime Battery Forum
Business Developments & Projects

WSS to accelerate electrification as newest member of Maritime Battery Forum

Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) has joined the Maritime Battery Forum (MBF), a global community of maritime battery enablers, to drive adoption of clean energy and accelerate electrification in the maritime sector.

about 1 year ago
Stena Line: 2002-built Stena Foreteller fit for future after ‘major’ conversion
Business Developments & Projects

Stena Line: 2002-built Stena Foreteller fit for future after ‘major’ conversion

Swedish supplier of roll-on/roll-off (RoRo) vessels and services, Stena RoRo, has completed the reconstruction of Stena Line’s 2002-built vessel to increase its capacity and enhance efficiency for reduced CO2 emissions.

about 1 year ago
China's state-owned electric utility completes purchase of stake in Greek TSO's subsidiary
Business Developments & Projects

Chinese utility company completes purchase of stake in Greek TSO’s subsidiary

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
Business Developments & Projects

EU rolls out hydrogen mechanism to support market uptake

The European Commission has launched the Hydrogen Mechanism under the European Union (EU) Energy and Raw Materials Platform, aimed at supporting the market development of renewable and low-carbon hydrogen and its derivatives, including ammonia, methanol, and electro-based sustainable aviation fuel (

about 1 year ago
ABB
Business Developments & Projects

ABB, Royal Caribbean enter long-term service pact to ‘boost’ vessel efficiency

Swedish-Swiss technology company ABB has inked a fifteen-year service agreement with the Florida-headquartered cruise holding company Royal Caribbean Group to improve vessel efficiency and tighten collaboration on maritime decarbonization. As informed, the deal encompasses 33 existing ships. The agr

about 1 year ago
Chilean researchers test wave energy device in Edinburgh ahead of Lebu deployment
Business Developments & Projects

Chilean researchers’ wave energy converter put to test at FloWave facility

According to representatives from the Chilean research team, scale model testing of the Lafquenewen wave energy converter (WEC) has been completed at the FloWave Ocean Energy Research Facility at the University of Edinburgh, marking a notable step toward marine energy deployment off the coast of Leb

about 1 year ago
VARD via LinkedIn (Screenshot)
Business Developments & Projects

VARD launches hybrid cable lay & construction vessel for Japanese offshore wind (Video)

Norwegian ship designer and shipbuilder VARD has launched the hybrid power cable lay and construction vessel it is building for the Japanese company Toyo Construction at its shipyard in Romania. VARD held the keel laying ceremony in September 2024 for the vessel, while this March the aft part of NB

about 1 year ago