Business Developments & Projects
NES battery, control systems for Scandlines’ zero-emission ferry
Turkish Cemre Shipyard has awarded HAV Group subsidiary Norwegian Electric Systems AS (NES) a contract to supply the battery and control systems, plus act as system integrator for a zero-emission ferry being built for Scandlines.
Industry players team up for subsea storage solutions
NOV, a provider of technology solutions, has signed an agreement with a group of energy players in a joint industry project (JIP) to work on an economical subsea storage solution for the market.
SAAM Towage Brazil cuts GHG footprint
Towage services provider SAAM Towage Brazil achieved a 13% reduction in its greenhouse gas emissions (GHG) in 2021, compared to the base year in 2017, making strides towards increasingly sustainable operations.
Lukoil increases stake in BP’s Shah Deniz after closing Petronas deal
Lukoil has completed the acquisition of Petronas’ interest in the BP-operated Shah Deniz natural gas project in the Caspian Sea.
GTT wraps up 2021 with 68 LNG carrier orders
French LNG containment specialist Gaztransport & Technigaz (GTT) reports solid earnings at high-end of annual targets for 2021, with 68 LNG carrier orders, amongst others.
Polar Onyx delivered to new owner
Norwegian shipowner GC Rieber Shipping has delivered the SURF, construction vessel Polar Onyx to the new owner.
U.S. researchers gearing up to test electromagnetic wave energy device
Supported by the U.S. Department of Energy (DOE) funding, the researchers at Portland State University (PSU) are preparing to test and validate a new type of electromagnetic device that turns ocean waves into a source of renewable energy.
Germany’s 9 largest seaports call for new ideas to cut ship emissions
EU’s proposal to expand shore power is not the right strategy to obtain a sustainable reduction in emissions by shipping, German seaports believe.
Sonatrach and Sinopec sign Skikda LNG storage tank deal
Algerian LNG export terminal operator Sonatrach has awarded a contract to Chinese group Sinopec for the construction of a new LNG storage tank for the Skikda LNG facility.
Fugro reports positive year despite ongoing pandemic impacts
Fugro has reported a revenue increase of 5.8% for the financial year 2021 compared to 2020, accompanied by a 21% revenue increase from renewables, led by buoyant offshore wind activity levels. EBITDA for the full year increased to €175.6 million, said to be driven by improvements in Europe-Africa an
Repsol gains consent for North Sea field life extension
Norwegian offshore safety regulator has granted Repsol consent for life extension for a field located in the North Sea off Norway.
Wilhelmsen buys into Reach Subsea to scale up remote subsea ops
Norwegian maritime group Wilhelmsen has acquired a 21% stake in the compatriot subsea contractor Reach Subsea to position itself in the renewable value chain and explore the remote subsea concept.
Denmark seeks public input on environmental impact of North Sea field development
The Danish Energy Agency has sent for consultation an EIA report for the development and operation of a field in the North Sea.
Seaspan inks new loan to align ships’ carbon intensity with IMO 2050 goal
BMO Financial Group, acting as lead sustainability structuring coordinator in a syndicate of Canadian, U.S. and European banks, has announced a financing deal with Hong Kong-based containership owner and operator Seaspan.