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Business Developments & Projects

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Illustration; Source: Georgian State Electrosystem (GSE)
Business Developments & Projects

TSO quartet moving forward with €3.5 billion subsea cable link between four countries to bring green energy to Europe

Four transmission system operators (TSOs) have pooled resources to create a joint venture (JV) company that will bring a subsea cable link between Azerbaijan, Romania, Georgia, and Hungary to life for a price tag of €3.5 billion, sending renewable electricity from the South Caucasus region straight

about 2 years ago
RWE and AM Green ink long-term ammonia supply deal
Business Developments & Projects
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RWE and AM Green ink long-term ammonia supply deal

RWE Supply & Trading has signed a memorandum of understanding (MoU) with AM Green Ammonia (AMG), a subsidiary of AM Green Group, for the long-term supply of green ammonia.

about 2 years ago
FPSO Johan Castberg; Source: Ocean Installer
Business Developments & Projects

Ocean Installer enters last stretch of subsea work enabling huge FPSO to achieve its first oil endgame (Photo)

Ocean Installer, part of the Moreld Group, has moved to the final stage of its subsea scope for a giant new floating production, storage, and offloading (FPSO) vessel, which is slated to start its three-decade job next quarter at a large oil project in the Barents Sea off the coast of Norway.

about 2 years ago
LNG carrier; Source: Wärtsilä
Business Developments & Projects

Chevron knocks on Wärtsilä’s door for LNG fleet engine conversion in pursuit of methane slip cuts

Wärtsilä and Chevron are teaming up on converting one engine on six of Chevron Transport Corporation’s liquefied natural gas (LNG) carriers in a bid to reduce their methane emissions.

about 2 years ago
Illustration; Source: IPTO
Business Developments & Projects

Great Sea Interconnector running out of time: Two EU countries taking another crack at negotiations

Greece and Cyprus are getting ready to hold talks, which are seen as a last shot to sort out the issues surrounding an interconnection project that will link the Cypriot-Greek electricity grids.

about 2 years ago
Slow steaming
Business Developments & Projects

Slow steaming: The other side of the coin

Although many shipowners are turning to slow steaming to cut fuel consumption and emissions, this strategy could have negative effects as well, design and engineering firm Houlder has warned.

about 2 years ago
An offshore platform with cranes surrounded by two vessels
Business Developments & Projects

Trinity’s takeover by Trinidadian firm pressing on as previous contender decides to step back

After the acquisition of UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, by Canada-based Touchstone Exploration was upheaved by a cash offer from a third player, Trinidad-headquartered Lease Operators, the new w

about 2 years ago
Ertuğrul Gazi is Türkiye-flagged floating storage regasification unit (FSRU) for liquified natural gas; Source: BOTAŞ
Business Developments & Projects

After ExxonMobil, Shell and TotalEnergies shake hands with BOTAŞ on 10-year LNG deals fueling Türkiye’s regional gas hub aspirations

Shell and TotalEnergies have sealed multi-year liquefied natural gas (LNG) deals with the Turkish Petroleum Pipeline Corporation (BOTAŞ).

about 2 years ago
A large vessel sailing
Business Developments & Projects

US-Greek LNG deal opens new route for energy diversification in Europe

Venture Global, a U.S. producer of liquefied natural gas (LNG) sourced from North American basins, has signed a binding multi-year terminal use agreement (TUA) with Greek gas player Gastrade, to supply markets in Central and Eastern Europe (CEE) with LNG from the former’s Louisiana terminals.

about 2 years ago
Poole Harbour, UK.
Business Developments & Projects

UK cosmetics company co-funds tidal energy project near its head office

LUSH Cosmetics, a UK-based cosmetics-sustainability leader, has partnered with Bournemouth University to co-fund a three-year PhD studentship aimed at exploring the development of a new tidal energy station in Poole Harbor, UK. If successful, the development of a 150 kWh tidal energy station in Pool

about 2 years ago
FSRU Excelsior; Source: Excelerate Energy
Business Developments & Projects

European firm sets up shop in Germany to handle work on Wilhelmshaven 2 LNG terminal

KN Energies (KN) has hung out its shingle in Germany by establishing a German subsidiary, KN Energies Deutschland, within its corporate group, which will be in charge of executing its assignment with the German state-owned company, Deutsche Energy Terminal (DET), by providing technical operation and

about 2 years ago
Industry heavyweights to advance ammonia dual-fuel 8,200 TEU boxship design
Business Developments & Projects

Industry heavyweights to advance ammonia dual-fuel 8,200 TEU boxship design

Swiss shipping major Mediterranean Shipping Company (MSC), classification society Lloyd’s Register (LR), German engine manufacturer MAN Energy Solutions (MAN ES) and Shanghai Merchant Ship Design & Research Institute (SDARI) have signed a Memorandum of Understanding (MoU), which now includes the Lib

about 2 years ago
Rovco and Vaarst's new brand makes €17.8M investment in its fleet
Business Developments & Projects

Rovco and Vaarst’s new brand makes €17.8M investment in its fleet

Beam, a new brand formed by the merger of UK-based providers of tech-powered offshore wind solutions Rovco and Vaarst, has added two autonomous surface vessels (ASVs) and an electric work-class remotely operated vehicle (ROV) to its fleet. Under the brand-new name, the companies aim to bring technol

about 2 years ago
FSRU Alexandroupolis; Source: Gastrade
Business Developments & Projects

Countdown to commercial ops at European LNG terminal underway

Greece’s first offshore liquefied natural gas (LNG) terminal, which is expected to secure low-emission energy while enhancing Southeastern Europe’s diversification of gas sources, is fast approaching its commercial operations date, with less than two weeks left until start-up.

about 2 years ago