Business Developments & Projects

Court rules coast is clear for North Sea gas project: Will it be smooth sailing from here on?
Has a natural gas development in the North Sea finally managed to catch a break with calm seas and fair winds ahead or is this wishful thinking given the hard stance climate activities have taken on the project?

Activists’ game plan for deep sea mining ban turns up the heat on Allseas to cease its pursuits
Allseas has been urged to abandon further technological development of giant mining machines due to the allegedly harmful consequences their use will have.

HGK Shipping names future-fuel-ready dry goods inland waterway vessel
HGK Shipping has named its newbuild dry goods vessel with future-fuel-ready capability and solar module structure installed on board.

SEA-LNG welcomes MAN ES back to coalition
MAN Energy Solutions (MAN ES) has rejoined SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel.

Weatherproof ocean energy technology prototype hits midpoint
Seven European partners have reached the midway point in the construction of the storm-resistant ocean thermal energy conversion (OTEC) prototype at Hidramar Shipyard in Gran Canaria, Spain.

Swedish port shifts transition activities into high gear
The Swedish Port of Norrköping has adpoted a new approach to accelerate its transition strategy for achieving fossil-free operations by 2030.

WATCH: Prysmian’s cable layer going on final prep mission ahead of gig at UK’s huge renewable superhighway
Prysmian has confirmed the start of its vessel’s journey to Norway, where outfitting completion and trials will take place before the cable layer embarks on its inaugural job at a high voltage direct current (HVDC) cable connection in the UK.

Legal storm to hit Rosebank as UK’s historic ruling brings emissions from burning oil & gas into play
The ink is not even dry yet on a recent court ruling but it has sparked excitement about resuming a legal battle against Rosebank, said to be the largest undeveloped oil field in British waters.

LPG as marine fuel with supportive technologies could deliver significant carbon reductions, report shows
LPG as marine fuel, in combination with energy-saving technologies such as onboard carbon capture and storage (OCCS), could deliver a significant carbon reduction, according to a new joint report from Lloyd’s Register (LR) and the World Liquid Gas Association (WLGA).

Eight cross-border energy infrastructure projects secure €600 million-bundle of financial support from EU
European Climate, Infrastructure and Environment Executive Agency (CINEA) has inked almost €600 million in grant agreements for eight cross-border energy infrastructure projects, entailing ten countries and covering electricity, gas, CO2, and smart grids. Five of these eight projects are focused on

Elia awards HVAC contracts for world’s first energy island
Belgium’s transmission system operator (TSO) Elia has awarded contracts to several companies for high-voltage alternating current (HVAC) components of Princess Elisabeth Island, the world’s first energy island.

Oil & gas firm closing Norwegian chapter to continue its story in Southeast Asia
Longboat Energy has decided to exit Norway to concentrate on building a full-cycle E&P business in Southeast Asia.

Aker BP’s drilling ops yield new gas discovery in Norwegian waters
Aker BP has made a new gas discovery on the Norwegian Continental Shelf (NCS), using one of Saipem’s semi-submersible rigs.

Höegh Autoliners secures funding for 4 new ammonia-fueled ships
Höegh Autoliners has been granted NOK 109.4 million (about $10.4 million) from Enova for four of the company’s ammonia-powered Aurora PCTCs.