Business Developments & Projects
Global LNG markets facing oversupply while key importing regions work on curbing demand
The new wave of LNG supply is set to flood the market amid demand uncertainty, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
Nel to focus solely on development of electrolyzers
Nel has pronounced itself as a company solely dedicated to developing and delivering electrolyzers to produce renewable hydrogen.
More than 750 oil slicks spotlight pollution risks in Mediterranean Sea
757 oil slicks, covering 1.9 million hectares in the Mediterranean Sea, have been identified between July 2020 – January 2024.
Ocean Power Technologies delivers first set of USVs under its largest single order to date
U.S.-headquartered Ocean Power Technologies (OPT) has delivered the first set of WAM-V uncrewed surface vehicles (USVs) to subsea specialist Sulmara as part of the largest single order of WAM-Vs to date. According to OPT, the WAM-V is designed to adapt to various marine environments and applications
New alliance looking to boost hydrogen, ammonia and biofuel production
Empati and TNE have signed a strategic memorandum of understanding (MoU) to accelerate green hydrogen, ammonia and biofuel production.
Dutch company to test wave energy converter at ‘world’s largest’ wave simulation facility (Video)
The Hague-based Wave Energy Collective (Weco) is to test its wave energy converter (WEC) in the Delta Flume at Deltares.
Solstad subsea vessels get prolonged charters
Norwegian shipping company Solstad Offshore has secured contract extensions for two of its construction support vessels (CSVs). Subsea7 has exercised the 2025 optional charter period for the Normand Subsea, with the contract now firm until December 31, 2025, with no further options thereafter. The 2
More North Sea work comes along to Subsea7
UK-headquartered oil and gas company Dana Petroleum has awarded Subsea7 with a contract to deliver subsea services at a field development located in the UK Central North Sea. The Bittern oil and gas field, located in Blocks 29/1a and 29/1b, was discovered in 1996 and has been developed through five
OMV’s revamped brand identity puts focus on sustainability
OMV has revealed a new brand identity highlighting sustainability embodying the company’s ambition to become net-zero by 2050.
Everfuel eyes up to 2 GW of green hydrogen production in Denmark
Everfuel has submitted a project proposal for the phased development of up to 2 GW of green hydrogen production capacity in Denmark.
SLB closes joint venture with Norwegian carbon capture company
American oilfield services company SLB and Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) have completed their previously announced joint venture, which includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (ACCH) to a subsidiary of SLB. It was announced in Ma
Two UK firms forge ties to drive innovation in offshore wind cables
UK companies 2H Offshore and Vekta Group have established a strategic partnership aimed at driving innovation in high-voltage cables for offshore wind developments. London-headquartered 2H provides structural, hydrodynamic, geotechnical engineering and related digital and integrity services for fixe
Smoltek: We have technology to make green hydrogen production profitable
Swedish Smoltek Nanotech Holding has developed a technology that the company claims will make the production of green hydrogen profitable.
Samskip, TECO 2030, BLOM Maritime get ENOVA grant to retrofit ship with fuel cells, hydrogen fuel
Norway-based cleantech company TECO 2030, compatriot engineering company BLOM Maritime and Dutch logistics company Samskip have received a grant for a pre-project aiming to retrofit Samskip’s vessel Kvitnos with TECO 2030 fuel cells and hydrogen fuel.