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Business Developments & Projects

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Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business Developments & Projects

Eco Wave Power and Shell advance wave energy project at Port of Los Angeles

Eco Wave Power has received a green light from the Port of Los Angeles for the engineering plans of the wave energy project the company is developing in partnership with Shell International Exploration and Production, as well as for other documents submitted. The Port of Los Angeles and AltaSea at t

about 2 years ago
Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd taps Gasum for waste-based bio-LNG supply in line with ZEMBA tender

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After winning the first tender by Zero Emission Maritime Buyers Alliance (ZEMBA), Germany’s container shipping major Hapag-Lloyd has selected Nordic energy company Gasum to deliver waste-based liquefied biomethane (bio-LNG) to its vessels during the two-year tender period. On April 16, 2024, ZEMBA,

about 2 years ago
Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne
Business Developments & Projects

Step forward taken to build ‘world’s largest’ multimillion-dollar HVDC subsea cable factory in UK

A new head of terms has been inked for an option on a lease at the Port of Tyne near Newcastle on the River Tyne in North East England to move forward with the development of what is envisioned to become the world’s largest HVDC subsea cable factory.

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

Atlantic SuperConnection: Laying the FID groundwork for subsea interconnector to ply UK with geothermal and hydroelectric electricity while doling out wind power to Iceland

Plans have been set to put the required funding in place to take a final investment decision (FID) on a subsea interconnector project between the UK and Iceland.

about 2 years ago
Shearwater; Source: Shell
Business Developments & Projects

Giant oil & gas projects on thin ice as UK pulls out of court battle: Will Shell and Equinor get cold feet or take a stand against legal challenges?

While two huge oil and gas projects in the waters off the coast of the UK have been walking a tightrope for some time, their operators, Britain’s Shell and Norway’s Equinor, did not waiver in their commitment to enriching the energy market with these resources and both hydrocarbon developments overc

about 2 years ago
FPSO Norne; Source: Equinor
Business Developments & Projects

With portfolio now five oil & gas fields lighter, Vår Energi’s stake in operated asset gets boost

Vår Energi has wrapped up the divestment of its interests in five oil and gas fields in the Norwegian Sea for a fixed after-tax consideration of $51 million and the transfer of a stake DNO Norge, a subsidiary of DNO, has in one of Vår Energi’s core hub areas.

about 2 years ago
EMF and Atlas Maritime formalize $372M ammonia carrier trio order at HD KSOE
Business Developments & Projects

EMF and Atlas Maritime formalize $372M ammonia carrier trio order at HD KSOE

Denmark’s fund management company focused on maritime investments European Maritime Finance (EMF), in collaboration with international shipping company Atlas Maritime, has confirmed the order of three LPG/ammonia carriers at South Korean shipyard HD Hyundai Heavy Industries (HHI). HD HHI’s parent co

about 2 years ago
Illustration/CETO wave energy array
Business Developments & Projects

EuropeWave’s payment to support Carnegie’s CETO deployment progress

Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has received a progress payment of €251,100 under the EuropeWave Phase 3 contract. The EuropeWave contract is part of the ACHIEVE Program, facilitating the first deployment of CETO in Europe. This contractu

about 2 years ago
Cepsa starts biofuel supply to Norwegian Cruise Line at Barcelona port
Business Developments & Projects

Cepsa starts biofuel supply to Norwegian Cruise Line at Barcelona port

Spanish marine fuel supplier Cepsa has started delivering second-generation biofuels to the cruise industry at the Port of Barcelona. Norwegian Escape, a cruise ship, operated by Norwegian Cruise Line Holdings (NCLH), received the first supply in late July. According to Cepsa, the supplied fuel, pro

about 2 years ago
Kittiwake platform; Source: Petrofac
Business Developments & Projects

Shell signs over decom management role at North Sea fields to EnQuest

EnQuest has widened its decommissioning operator role at offshore fields in the UK sector of the North Sea after Britain’s energy giant Shell decided to pass EnQuest its decommissioning management role.

about 2 years ago
Hexagon Purus lands €2.5M hydrogen fuel system order for new Greenpeace ship
Business Developments & Projects

Hexagon Purus lands €2.5M hydrogen fuel system order for new Greenpeace ship

Norwegian clean energy technology supplier Hexagon Purus Maritime has secured a purchase order for a compressed hydrogen fuel system to be used on a new green sailing ship commissioned by international non-profit organization Greenpeace. The order, valued at approximately €2.5 million, was placed by

about 2 years ago
Safe Caledonia flotel; Source: Prosafe
Business Developments & Projects

Prosafe flotel firms up North Sea assignment

Prosafe has inked a deal with North Sea-focused Ithaca Energy for one of its flotels, which enables the reactivation of the semi-submersible unit laid up at Scapa Flow in the UK.

about 2 years ago
First steel cut for ‘world’s largest’ hydrogen-powered ferry
Business Developments & Projects

First steel cut for ‘world’s largest’ hydrogen-powered ferry

Norwegian transport company Torghatten Nord has celebrated the beginning of the construction of what are said to be the world’s largest hydrogen-powered ferries. The first steel cutting for the first of two 117-meter-long hydrogen-powered ferries with a capacity of 120 cars was held on August 29 at

about 2 years ago
Shell leveraging Swiss digital twin technology to optimize global offshore assets
Business Developments & Projects

Shell leveraging Swiss digital twin technology to optimize global offshore assets

Switzerland-headquartered structural performance management software solutions provider Akselos has signed a strategic enterprise agreement with Shell Information Technology, a subsidiary of the UK-based energy giant Shell, to widen their existing collaboration to encircle the energy major’s worldwi

about 2 years ago