Business Developments & Projects
Equinor unveils over $1 billion investment to lift the gas production bar at giant North Sea field
Equinor has disclosed plans to develop further gas infrastructure at a huge oil and natural gas field in the Norwegian sector of the North Sea.
Ohmium to supply PEM electrolyzers for green hydrogen project in Croatia
Ohmium International, a green hydrogen company that designs, manufactures and deploys advanced PEM electrolyzers, has been selected to equip what is said to be the first green hydrogen project in Croatia.
EU Blue Champions: Marine energy companies secure support for growth
Selected companies align with the EU Mission on ocean and waters by aiming to restore marine and freshwater ecosystems and biodiversity, prevent and eliminate pollution, or decarbonize the blue economy.
Industry unites to bridge knowledge gap on effects of subsea cables on marine wildlife
A number of companies from the industry have joined forces in a project to investigate the effects of subsea electricity cables on marine wildlife, expected to contribute to developing environmentally friendly power cable systems. The FlatEMF project, being undertaken by 50Hertz, EirGrid, Europacabl
Submarine cable tender teaser issued for second Malta-Italy interconnector
InterConnect Malta, owned by the Maltese government, has issued a prior information notice (PIN) for the tender for the manufacture and installation of the submarine cable for the second electrical interconnector between Malta and Italy. The contracting authority plans to issue a tender for the deta
CMB.TECH and Damen partner on hydrogen-powered tugs
Cleantech maritime group CMB.TECH and shipbuilding company Damen have agreed to collaborate on hydrogen-powered azimuth stern drive (ASD) tugs.
Borr Drilling rigs find new jobs in Europe, Southeast Asia, Middle East, and Africa
Borr Drilling has secured a batch of new contracts, extensions, and potential assignments, for several premium jack-up rigs in its fleet.
GEOxyz about to kick off surveys at fourth Eastern Green Link
Marine environmental surveys and geotechnical surveys are scheduled to begin next month for the fourth high voltage direct current (HVDC) electrical link that is part of the UK’s plans to enhance the electricity network. GEOxyz will carry out the surveys for the Eastern Green Link 4 (EGL4) project u
Industry players present ‘key’ actions to bolster UK’s hydrogen economy
The Hydrogen Coordination Forum, which brings together a range of UK and regional bodies across the hydrogen landscape, has announced ten “key” actions to support the scale-up of new hydrogen infrastructure.
Vigilance advised but mild winter serves to lessen concerns over gas supply in Germany
FNB Gas has confirmed the easing of gas supply woes in the winter of 2023/2024 due to mild temperatures and diversification of import routes.
‘User pays’ carbon storage levy to be introduced in UK once market is self-sustainable
The UK’s North Sea Transition Authority (NSTA) has revealed its intention to introduce a levy on carbon storage licenses in the future, once the carbon capture and storage (CCS) industry begins operating on a more self-sustaining basis. The NSTA ran a call for evidence between December 4, 2023, and
Nel inks alkaline electrolyzers deal with Indian company
Nel Hydrogen Electrolyser and Reliance Industries Limited (RIL) have entered into a technology licensing agreement that provides the latter with an exclusive license for Nel’s alkaline electrolyzers in India and allows it to manufacture them for captive purposes globally.
Wärtsilä systems picked for electrification of two Scandlines ferries
Finnish technology group Wärtsilä has been contracted to supply electrical systems needed to convert two ferries operated by Danish company Scandlines to a plug-in hybrid solution.
DeepOcean performs first-ever subsea dredging operations remotely from shore
Norway-based ocean services provider DeepOcean has completed subsea dredging operations remotely from shore for the first time ever. This milestone activity was carried out for Norwegian oil and gas player Aker BP. DeepOcean’s remotely operated vehicles (ROVs) onboard the Edda Fauna were utilized fo