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Business Developments & Projects

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XFuel
Business Developments & Projects

XFuel gets EU funding to scale up its fuel-from-waste tech

XFuel has secured €7.7 million in blended finance from the European Innovation Council (EIC), helping it bring its fuel-from-waste technology to transport markets.

about 1 year ago
NKT's power cable factory expansion named EU's first net-zero strategic project
Business Developments & Projects

NKT’s power cable factory expansion named EU’s first net-zero strategic project

NKT’s expansion of its high-voltage submarine power cable factory in Karlskrona, Sweden, has been recognized as the first European net-zero strategic project under the EU Net-Zero Industry Act, providing it with a national priority status for accelerated administrative treatment and faster permittin

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about 1 year ago
bound4blue
Business Developments & Projects

bound4blue: ‘World’s largest’ suction sails installed on LDC juice carrier

Spanish automated wind-assisted propulsion system specialist bound4blue has installed what it claims to be “the world’s largest” suction sails on a vessel.

about 1 year ago
Prototype of Seaturns at Sainte Anne Portzic
Business Developments & Projects

Seaturns opens fundraising round to scale wave energy technology

French wave energy developer Seaturns has launched a fundraising campaign to support the scale-up of its wave power generation technology, following several years of research, development, and testing. According to Seaturns, the fundraising will first open on April 22 with 24-hour priority access fo

about 1 year ago
Wärtsilä’s €50M R&D investment to support development of future fuel-ready engines
Business Developments & Projects

Wärtsilä’s €50M R&D investment to support development of future fuel-ready engines

Wärtsilä will invest €50 million in expanding its R&D center in Vaasa, aiming to meet the growing demand for sustainable technologies and alternative fuels in maritime and energy sectors.

about 1 year ago
Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds
Business Developments & Projects

Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds

The European Union (EU) has set a target to increase the consumption of green hydrogen to 20 million tons (Mt) by 2030.

about 1 year ago
Aerial view of a port
Business Developments & Projects

Contractor picked for offshore portion of Poland’s first FSRU

Poland’s gas transmission system operator Gaz-System has selected the general contractor for the offshore portion of the floating storage and regasification unit (FSRU) that will form part of the country’s liquefied natural gas (LNG) terminal in the Gulf of Gdańsk.

about 1 year ago
Three connected offshore platforms
Business Developments & Projects

TotalEnergies to restore full gas production at North Sea field this week after operational hiccup

Partners in a natural gas redevelopment project in the Danish sector of the North Sea expect the project to reach its full technical capacity this week, following a month-long hiatus due to an operational obstacle.

about 1 year ago
AIDA Cruises books multi-fuel cruise ships at Fincantieri
Business Developments & Projects

AIDA Cruises books multi-fuel cruise ships at Fincantieri

German cruise line AIDA Cruises, part of Carnival Corporation, has placed an order for two new multi-fuel cruise ships from Italian shipbuilder Fincantieri.

about 1 year ago
French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities.
Business Developments & Projects

Setec expands marine engineering reach with Sealand Projects acquisition

French engineering group Setec has acquired a majority stake in UK-based Sealand Projects, strengthening its marine engineering and offshore wind capabilities. According to Setec, the acquisition expands the company’s service offering in the marine renewables sector and enhances its presence in the

about 1 year ago
Clean Industrial Deal
Business Developments & Projects

EU, EIB and KfW to back renewable hydrogen projects in Chile with up to €216.5M

The European Commission, the European Investment Bank (EIB), KfW Development Bank (KfW), Corporación de Fomento de la Producción (CORFO) and the Chilean Ministry of Energy have signed agreements to support Chile’s renewable hydrogen industry via the Team Europe Renewable Hydrogen Funding Platform fo

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

Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns

MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald Trump’s book by reviving its energy ties with Russia against the backdrop of tr

about 1 year ago
Oseberg field centre in the Norwegian North Sea; Credit: Trond Glaser/Equinor
Business Developments & Projects

Equinor’s Norwegian activity across energy and decarbonization realms remaining ‘robust’ up to 2035

Equinor has set its cap on upping its activity ante in Norway within its operated fields, onshore facilities, and exploration and development projects alongside those for renewable and low-carbon solutions, creating further ripple effects like the multibillion-dollar worth of goods and services proc

about 1 year ago
WATCH: First of three Agalas subsea vessels launches in Türkiye
Business Developments & Projects

WATCH: First of three Agalas subsea vessels launches in Türkiye

A new 100-meter-long cable laying support vessel (CLSV) being built at the Sefine Shipyard for Norwegian Agalas and Cecon Contracting has been launched in Türkiye. Agalas reported yesterday, April 3, that the first of its three subsea vessels had been launched in Türkiye, with a few intense months a

about 1 year ago