Business Developments & Projects
Minesto and Sev renew power purchase agreement, adjusting energy price levels
Swedish tidal energy developer Minesto, and Faroese company Sev, have renewed and updated the power purchase agreement (PPA).
Yara opens 24 MW renewable hydrogen plant in Norway
Norwegian Prime Minister Jonas Gahr Støre has inaugurated Yara International’s 24 MW renewable hydrogen plant at Herøya Industrial Park in Norway.
All clear for merger of Norwegian seismic firms
Following approval from the Norwegian Competition Authority, Norway-headquartered PGS and TGS have now received clearance for their merger from the UK Competition and Markets Authority (CMA), which is the final regulatory approval required. TGS and PGS announced their agreement on principal terms to
Vår Energi all done with intra-group merger
Norway’s Vår Energi has completed the merger with its wholly-owned subsidiary Vår Energi Norge, previously known as Neptune Energy Norge.
UK firm set on getting hold of gas storage license in its East Irish Sea project area
EnergyPathways has confirmed its interest in acquiring a gas storage license situated in the same area as its undeveloped gas field in the East Irish Sea.
MARIC’s 12,800 CEU ammonia-fueled car carrier receives LR’s approval
Lloyd’s Register (LR) has awarded approval in principle (AiP) to the Marine Design & Research Institute of China (MARIC) for a dual-fuel 12,800 CEU capacity pure car and truck carrier (PCTC) design.
Gasunie to manage future hydrogen network in North Sea
Gasunie is the intended network operator for the future hydrogen network in the North Sea.
ZOEX Power wave energy device completes factory acceptance testing, next stop wet trials
After painting the ZOEX unit and adding the buoyancy floats, it is set to go to Port of Aberdeen South Harbour for wet trials.
Dedicated cable repair and installation vessel enters the market
The Netherlands-headquartered N-Sea and its partner Neptune Marine Service have launched what is said to be the first dedicated cable repair and installation vessel. Neptune Marine recently converted the existing anchored barge NP-459 into a dedicated cable repair DP2 vessel, named Curo, with a 50t
Court hearing coming up this week: Go-ahead or more hiccups for North Sea gas project?
After hitting another snag due to a court-ordered temporary halt of operations, a gas project in the North Sea is awaiting outcome of court hearing.
Jan De Nul’s new partnership to transport green electrons from Africa to Europe via subsea cable
Jan De Nul Group has set up a partnership with green technology, energy and metals company Fortescue for the transport of green electrons – electrons that were made using renewable resources – from energy-producing continents to energy-demanding ones through subsea cables. The partners have joined f
Norwegian duo reveals plans for hydrogen and bio-methanol production
Norwegian Hydrogen and Glocal Green have entered into a concrete cooperation agreement for the development and establishment of hydrogen production in connection with Glocal Green’s planned bio-methanol plant in Øyer in Gudbrandsdalen.
Wavepiston spearheads multi-national wave energy project
Danish company Wavepiston has commenced the SHY project (Seawater Hydraulic PTO using dynamic passive controller for wave energy converters), with consortium members all over Europe that joined together at Kronborg Slot in Elsinore, Denmark.
Aker BP laying the groundwork to install 100 km of offshore pipelines at North Sea project
Norwegian oil and gas player Aker BP is set on undertaking six offshore campaigns to install almost 100 km of pipelines this summer at its development project in the Norwegian sector of the North Sea.