Business Developments & Projects
Equinor gets ready to spud North Sea pair in June
Equinor has secured a drilling permit from the country’s authorities for two exploration wells in the North Sea off the coast of Norway.
Lloyd’s Register approves H2SITE’s on-board ammonia cracking technology
H2SITE has received approval in principle (AiP) from Lloyd’s Register (LR) for its AMMONIA to H2POWER technology for on-board ammonia cracking.
France: Brunvoll propulsion picked for ‘world’s largest’ sailing ships
French shipbuilder Chantiers de l’Atlantique has chosen Norwegian company Brunvoll to supply the main propulsion for Orient Express Silenseas’s new wind-powered cruise vessels.
Bergen Engines joins Norwegian initiative for transition to alternative marine fuels
Bergen Engines joined FME MarTrans, an initiative for reducing emissions and energy consumption and increasing the use of alternative fuels.
Delay on the horizon: TotalEnergies’ testing and commissioning being prolonged at giant North Sea project
TotalEnergies is anticipating a longer testing program and commissioning plan for the achievement of full technical capacity at its gas project in the Danish sector of the North Sea.
ExxonMobil taps French pipe supplier for its sixth oil development off Guyana
French provider of tubular solutions Vallourec has secured a contract with ExxonMobil to deliver pipe for a deepwater oil development located offshore Guyana. The contract for the deepwater Whiptail project represents the fourth major order in the framework of the long-term agreement (LTA) signed in
European Commission and Saudi Arabia eyeing energy cooperation
European Commission and Saudi Arabia have held talks in view of a Saudi-EU memorandum of understanding (MoU) on energy cooperation.
BP shuts down oil production at offshore platform in Azerbaijan
BP has temporarily stopped production from one of the platforms at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.
Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies
TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.
Höegh Autoliners doubles biofuel use in 2023
Norway-based shipping company Höegh Autoliners has doubled its biofuel usage from 2022 to 2023 in response to growing demand for green transportation.
Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe
Hygen Energy has appointed ITM Power as a preferred supplier of PEM electrolyzers for hydrogen projects within the UK and across wider Europe.
Van Oord christens fifth USV as new CEO takes over
Van Oord has held the christening ceremony for its fifth unmanned autonomous survey vessel (USV), developed jointly with DEMCON Unmanned Systems. The VO:X Barentsz USV came after Van Oord’s in-house survey department and DEMCON Unmanned Systems jointly developed and operated four USVs in the past ye
Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout
Swedish tidal energy developer Minesto has reported a total operating income of approximately SEK 6.8 million (around €582,255) for Q1 2024, a quarter the company said has laid the foundation for the path toward the buildout of commercial arrays. The total operating income saw a decline from SEK 12.
Fluxys to take charge of hydrogen network in Belgium
Federal Energy Minister Tinne Van der Straeten has appointed Fluxys as operator for the development and management of a hydrogen transmission grid in Belgium.