Business Developments & Projects
Science Based Targets initiative approves Fugro’s net-zero targets
The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v
European Investment Bank to support Plagazi’s Köping Hydrogen Park
Plagazi has revealed that the European Investment Bank (EIB) will provide financial advisory for the Köping Hydrogen Park in Sweden.
Factory acceptance testing wraps up for Norwegian long-range AUV
Norway’s Kongsberg Discovery has completed factory acceptance testing for the first production system of its long-range autonomous underwater vehicle (AUV) HUGIN Endurance. Sea trials for the first production unit began in September 2023, and over the last months, the Kongsberg Discovery Uncrewed Pl
Eni and Ithaca firm up business combination deal to establish top-tier oil & gas player in UK waters
Eni has ironed out an agreement on the combination of its upstream assets in the UK, excluding East Irish Sea ones and CCUS activities with Ithaca Energy.
Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds
Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.
Uniper and Salzgitter ink preliminary hydrogen supply deal
German companies Uniper and Salzgitter have signed a pre-contract for the supply and purchase of green hydrogen.
After LS Cable & System, Hellenic Cables gets financial push for US cable factory
Hellenic Cables Americas, the U.S. subsidiary of Cenergy Holdings, has received financial support from the U.S. Department of Energy (DOE) for its planned cable manufacturing facility in Maryland. Hellenic Cables Americas is planning to build a new cable manufacturing facility in Baltimore, Maryland
H2Carrier plans Power-to-X production of hydrogen and ammonia in Norway
H2Carrier has applied to the NVE for the development of two large onshore wind farms in Finnmark County to produce green hydrogen and ammonia.
Mocean Energy’s wave energy converter back to shore after 12-month offshore testing
Mocean Energy’s Blue X wave energy converter and Verlume’s Halo underwater battery storage system have returned to shore after over 12 months of testing at sea off Orkney as part of the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment.
Fugro’s self-elevating platform moves to Japan to pursue geotechnical work
Fugro has transferred its self-elevating platform (SEP) Amberjack to Japan in order to easier support the local offshore wind market with geotechnical services. Amberjack was reflagged in December 2023 and is now based in Tokyo, from where it will be deployed to Japanese wind farm projects and provi
Vår Energi’s intra-group merger approaching the finish line
Vår Energi has approved the plan for the recently announced intra-group merger with its wholly-owned subsidiary Vår Energi Norge.
‘World-first’ eco-friendly cable protection system deployed offshore Scotland
What is said to be the world’s first eco-friendly cable protection system has been deployed at sea, The Crown Estate, UK seabed manager, reported. The UK’s Crown Estate announced that earlier this month the world’s first carbon-neutral and plastic-free cable protection was deployed off the coast of
Balticconnector gas pipeline back in operation following six-month shut-down
The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnec
Tenth LNG dual-fuel bulker joins Himalaya Shipping’s fleet
Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the tenth 210,000 dwt Newcastlemax LNG dual-fuel newbuild from China’s New Times Shipyard.