Business Developments & Projects
HYDS becomes key partner in green hydrogen production project at Fjord Base
HYDS acquired a 33% stake in HyFuel, a developer of a green hydrogen production project for the maritime sector at Fjord Base in Norway.
LNG and dark fleet emerge as salient points of EU’s new raft of sanctions against Russia
The EU has decided to hit Russia with more sanctions aimed at eating away at the country’s ability to finance its military operations in Ukraine.
Great Ocean to sell Eltronic FuelTech’s technologies to shipyards in China
Eltronic Fueltech has signed an agreement with Great Ocean, under which the latter will be responsible for marketing and selling Eltronic’s supply and safety systems to designated shipyards across China.
Avolta and DB Schenker join forces on biofuel usage
Swiss-based travel retailer Avolta and German logistics provider DB Schenker have signed an agreement for the transport of goods using marine biofuel between Europe and the United States.
EU okays €3 billion German scheme in support of hydrogen network project
The European Commission (EC) has approved an estimated €3 billion German scheme to support the construction of the Hydrogen Core Network (HCN).
European shipowner splashes $220 million on methanol-ready boxships at HJ Shipbuilding
HJSC secured a $220 million contract with a mystery European shipowner to construct two eco-friendly methanol-ready 7,900 TEU containerships.
Bergen Engines making strides toward 100% hydrogen-fueled engine
Bergen Engines has revealed that the entire range of natural gas engines can now accommodate a 25% hydrogen blend at full load.
DOF continues its winning streak with Petrobras with two new contracts
Norwegian vessel owner DOF Group has added more work to its to-do list for Brazilian oil and gas giant Petrobras by securing two new long-term contracts. The Brazil-built and flagged 142.2-meter-long pipelay support vessel (PLSV) Skandi Niterói has been given a three-year firm plus option contract,
Plug Power lands 25 MW PEM electrolyzer order in Europe
U.S. Plug Power has secured an order for 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems for a customer in Europe.
New eco-friendly bulk carrier delivered to GOGL
Golden Ocean Group Limited (GOGL) has received a newbuild environmentally-friendly bulk carrier from Dalian Shipbuilding Industry Company.
UK firm’s cost-effective yaw system ready for deployment subsea
Following the completion of acceptance testing, UK-based tidal energy company Proteus Marine Renewables’ (PMR’s) Yaw System for tidal turbines is now en route for deployment subsea.
With financial support, Equinor backs Reach Subsea’s USV qualification program
Norway’s Reach Subsea is collaborating with compatriot state-owned energy giant Equinor to carry out a technology qualification program for the Reach Remote uncrewed surface vessels (USVs) that aims to validate remote operations for various tasks. Reach Remote 1 and 2 have entered the final testing
Dutch duo exploring options for LNG, hydrogen, and CCS at EemsEnergy Terminal
Vopak and Gasunie have launched market consultation to look at LNG, hydrogen, and CCS possibilities at the EemsEnergy Terminal in Eemshaven.
Oil & gas players get their hands on CO2 storage licenses in North Sea
Three companies have confirmed the award of new CO2 storage licenses as part of the sixth call launched by Norway’s Ministry of Energy.