Business Developments & Projects
Cepsa picks PEM technology supplier for its Spanish green hydrogen project
Cepsa has selected Siemens Energy for the supply of 100 MW of PEM electrolysis technology for green hydrogen production in Huelva, southern Spain.
Scottish Renewables CEO: Marine energy industry will play key role in UK energy system
The Chief Executive Officer (CEO) of Scottish Renewables has commented on the marine energy sector’s progress toward commercialization, explaining that the marine energy industry will play a key role in the UK energy system.
Deltamarin and ECOLOG present LNG dual-fuel LCO2 carrier design
Deltamarin and ECOLOG have unveiled a short-range, low-pressure liquified CO2 (LCO2) carrier design with LNG dual-fuel propulsion.
Under new CEO, Prysmian makes solid start to 2024
Following an “outstanding” 2023, Italian cabling giant Prysmian has made a solid start to 2024, reporting a net profit of €190 million for the first quarter of the year, compared to €187 million in the first three months of the prior year. Group sales amounted to €3,687 million, with a -5.6% organic
Oceans of Energy launches floating solar farm in Belgium
Dutch offshore solar company Oceans of Energy has completed the North Sea Three (NS3) floating solar farm in the port of Oostende, Belgium.
K Line completes its first trial use of marine B100 biofuel on car carrier
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has completed its first trial use of marine B100 biofuel on the car carrier Apollon Highway.
Expro finalizes purchase of UK well construction and intervention services provider
Energy services provider Expro has completed the acquisition of Scotland-based Coretrax, a provider of performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions. The acquisition, from an investment group led by Buckthorn Partners, is expected to enable Ex
Stake in Shell’s UK gas field enables Norwegian player to bolster North Sea portfolio
DNO has enriched its North Sea portfolio with a new addition, thanks to the acquisition of an interest in a Shell-operated gas field.
EverWind and Port of Rotterdam form green hydrogen alliance
North American company EverWind Fuels has partnered with the Port of Rotterdam to advance the green hydrogen supply chain.
ABL acquires compatriot energy player in bid to strengthen position in oil & gas markets
ABL Group has inked a deal to buy Norway’s Ross Offshore from Moreld Group to expand its oil, gas, and renewables portfolios.
Another contractor gets FEED deal for North Sea gas platform
Kent has landed a front end engineering design (FEED) contract for a high-pressure, high-temperature (HP/HT) gas production platform in the North Sea off the coast of Denmark.
Jan De Nul continues net debt-free streak, starts 2024 with €8.9B order book
Jan De Nul Group has started 2024 with an order book of €8.9 billion, an increase of 38% compared to last year. In its latest financial report, the Belgian company said it had far exceeded its expectations for 2023 and has been net debt-free for the tenth year in a row. In 2023, Jan De Nul reported
Orbital Marine Power partners with Global Energy Group for Orkney tidal projects
Scotland-based renewable energy company Orbital Marine Power has picked Global Energy Group as a supplier to lead the manufacture and assembly of turbines for the company’s Orkney projects which have won contracts under the UK Government’s Contract for Difference (CfD) auction rounds 4 and 5.
Record order backlog for Reach Subsea as it pursues ‘large untapped potential’ within group
Norway’s Reach Subsea has reported record financial results for the first three months of 2024 with the order backlog reaching NOK 1.3 billion (about €111.5 million), a 60% increase compared to the first quarter of 2023. Revenue for Q1 2024 was NOK 575.3 million, a 146% increase compared to NOK 234