Business Developments & Projects
Lithuania’s FSRU marks its tin anniversary with folk art depicting energy independence road
Lithuania’s FSRU has been decorated with a traditional weathervane to mark ten years since the vessel docked at the Klaipėda LNG terminal.
TotalEnergies-EREN venture, VERBUND to work on hydrogen project in Tunisia
TE H2, a joint venture between TotalEnergies and EREN Groupe, together with VERBUND, has signed an MoU with Tunisia to study the implementation of a large green hydrogen project for export to Central Europe through pipelines.
Busy times ahead for offshore gas field as activities in Black Sea unfold
Trillion Energy has set the stage to undertake a two-month work program on a natural gas field in the Black Sea off the coast of Türkiye.
UK firm goes on the hunt for partners to join its North Sea CCS project
Synergia Energy is on the lookout for partners that will join its carbon capture and storage (CCS) project in the UK sector of the North Sea.
PowerCell to provide fuel cell systems for hydrogen-electric hybrid retrofit project
PowerCell has received an order for two 100 kW marine fuel cell systems from O.S. Energy for the Transship II sustainable vessel project.
‘Strong’ investor interest brings Malta 13 proposals for floating solar farms
Malta’s Regulator for Energy and Water Services (REWS) has received 13 proposals for the potential development of floating solar farms in Maltese territorial waters.
Offshore cable installation for France-Ireland interconnector on track to kick off next year
The Celtic Interconnector is starting to take shape and the offshore cable installation work is slated to begin in 2025.
Subsea7’s new multibillion-dollar UK gig brings it more work in North Sea oil & gas arena
Subsea7 has tucked a new assignment in the UK under its belt, which will enable it to work on the development of a field in the North Sea.
On portfolio optimization quest, Vår Energi offloads stake in North Sea oil field
Vår Energi has set the wheels into motion to sell its interest in a field in the Norwegian sector of the North Sea, operated by Aker BP.
SLB, Subsea7, and Aker Solutions’ JV finds work on $1 billion North Sea gas project
OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, will work on a project that aims to bolster gas infrastructure at a giant oil and natural gas field in the North Sea.
Air Liquide issues €500 million green bond for sustainable energy projects
Air Liquide has issued a new €500 million green bond to finance or refinance flagship energy transition and sustainable projects, in particular in low-carbon hydrogen, carbon capture and low-carbon air gases.
Over $76 billion set aside for energy projects across the Atlantic over next five years
National Grid has unveiled its investment plan for the 2024-29 period, earmarking £60 billion (close to $76.5 billion) for energy projects that will step up its decarbonization game and propel the energy transition momentum forward on both sides of the Atlantic Ocean.
Japanese giant hands out another multi-million-pound deal for its power cable factory in Scotland
Sumitomo Electric Industries (SEI) has inked a second multi-million-pound contract with THREE60 Energy for its new power cable factory in Nigg, Scotland.
Aker Solutions rebrands its consultancy business, with twofold headcount increase on the horizon
Aker Solutions has shared a new name for its consultancy arm alongside plans to boost revenue and personnel by 50% over the next six years.