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Business Developments & Projects

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Nordic-Baltic Hydrogen Corridor project moves forward
Business Developments & Projects

Nordic-Baltic Hydrogen Corridor project moves forward

Gas transmission system operators (TSOs) of Finland, Estonia, Latvia, Lithuania, Poland and Germany are starting the feasibility studies on the Nordic-Baltic Hydrogen Corridor (NBHC).

about 1 year ago
NextGeo buys survey vessel for €6.7M, retrofit now on schedule
Business Developments & Projects

NextGeo buys survey vessel for €6.7M, refit now on schedule

Italy-headquartered Next Geosolutions (NextGeo) has expanded its fleet with a 2010-built multi-purpose survey vessel (MPSV), which will after refitting be operational from the first quarter of 2025. NextGeo purchased the vessel Sea Admiral from the Norwegian company Beitveit Holding, renamed to NG E

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about 1 year ago
Biofuel included in Wallenius Wilhelmsen’s two new multi-year shipping deals
Business Developments & Projects

Biofuel included in Wallenius Wilhelmsen’s two new multi-year shipping deals

Norwegian shipping and logistics company Wallenius Wilhelmsen has secured two multi-year shipping contracts, both including biofuel, with undisclosed “large auto OEMs”.

about 1 year ago
Eco Wave Power's Gibraltar wave energy array before decommissioning (Courtesy of Eco Wave Power)
Business Developments & Projects

Eco Wave Power unveils $3M direct offering to bolster commercial-scale wave energy deployment

Wave energy developer Eco Wave Power has entered into a securities purchase agreement with a single institutional investor to deploy commercial-scale wave energy technology. The offering involves the sale of 300,000 American Depositary Shares (ADSs), each representing eight common shares, at $10 per

about 1 year ago
FPSO Goliat; Credit: Øyvind Gravås/Vår Energi
Business Developments & Projects

New oil discovery boosts Barents Sea potential with 20 more wells on the drilling horizon

Vår Energi has discovered oil resources in an appraisal well near the Goliat field in the Barents Sea off the coast of Norway. As the firm believes the new find has unlocked further potential in the area, it plans to drill 20 more wells in the Barents Sea over the next four years.

about 1 year ago
cement carrier
Business Developments & Projects

NovaAlgoma’s methanol dual-fuel cement carrier to generate sustainable electricity onboard

NovaAlgoma Cement Carriers has opted for a system to generate sustainable electricity on board its methanol dual-fuel cement carrier.

about 1 year ago
A drone flying over a processing facility
Business Developments & Projects

Finnish firm wins ISO certification for drone-based GHG emissions monitoring solution

Finland-based provider of mobile emission monitoring services Aeromon has received international accreditation for its technology enabling the monitoring and analysis of airborne greenhouse gas (GHG) emissions.

about 1 year ago
Sixth AtoB@C plug-in hybrid ship hits the water
Business Developments & Projects

Sixth AtoB@C plug-in hybrid ship hits the water

AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has launched its plug-in hybrid newbuild, Terramar, at India’s Chowgule shipyard.

about 1 year ago
UK’s center for low-carbon technologies Cenex joins Maritime Battery Forum
Business Developments & Projects

UK’s center for low-carbon technologies Cenex joins Maritime Battery Forum

Cenex, the UK’s center of excellence for low carbon and fuel cell technologies, has joined the Maritime Battery Forum (MBF), a community that aims to promote new and efficient energy storage technologies in the maritime industry.

about 1 year ago
Madoqua-led coalition formalizes Portugal-Northern Europe green fuels corridor initiative
Business Developments & Projects

Madoqua-led coalition formalizes Portugal-Northern Europe green fuels corridor initiative

Renewable energy developer Madoqua and its industry partners have formalized plans to operationalize a green fuels corridor connecting Portugal with Northern Europe.

about 1 year ago
A large vessel at sea
Business Developments & Projects

Hanwha handpicks GTT for tank design of LNG carrier pair

South Korea’s shipbuilder Hanwha Ocean has placed an order with French technological containment specialist Gaztransport & Technigaz (GTT) for the tank design of two new liquefied natural gas (LNG) carriers it is building for Greek shipowner Maran Gas Maritime.

about 1 year ago
TES to develop CO2 export terminal at its Wilhelmshaven Green Energy Hub
Business Developments & Projects

TES to develop CO2 export terminal at its Wilhelmshaven Green Energy Hub

Tree Energy Solutions (TES), a Belgium-based producer of electric natural gas derived from green hydrogen (e-NG), is advancing its Green Energy Hub in Wilhelmshaven, Germany, with the development of a liquid CO2 export terminal.

about 1 year ago
Moray West Says Show Must Go On
Business Developments & Projects

Ocean Winds hires Føn Energy Services in Scotland

Ocean Winds, a 50/50 joint venture between EDP Renewables and ENGIE, has contracted Føn Energy Services to provide a fully integrated Balance of Plant (BoP) operations and maintenance (O&M) service program for the Moray East and Moray West offshore wind farms in Scotland. The contract is valid for t

about 1 year ago
UK’s first ever carbon storage becoming a reality, first injection expected in 2027
Business Developments & Projects

UK’s first ever carbon storage becoming a reality, first injection expected in 2027

The North Sea Transition Authority (NSTA) has awarded the Northern Endurance Partnership (NEP), comprising BP, Equinor and TotalEnergies, with the first-ever carbon storage permit in the UK. The project, located around 75 kilometers east of Flamborough Head, off Teesside on England’s east coast, is

about 1 year ago