Business Developments & Projects
Equinor and Nexans extend long-term relationship with four-year agreement
Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that
SBM Offshore gets its hands on $250 million FPSO construction loan
Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.
Romania’s Hidroelectrica and UAE’s Masdar forge ties for floating solar projects, eye offshore wind
The collaboration may be extended for another three years if the joint venture meets certain conditions during the initial three-year period, as proposed by the joint venture and approved by the board for the final investment decision (FID) phase.
JGC looking to boost competitiveness in hydrogen, ammonia and CCUS fields
JGC Holdings has decided to invest in AP Ventures Fund III to enhance its competitiveness in the exploration of technologies in the fields of hydrogen, ammonia and CCUS.
Topsoe to build electrolyzer factory for clean hydrogen in US
Topsoe has chosen Virginia, U.S., to build a new factory that will manufacture SOECs for the production of clean hydrogen and derivatives like eAmmonia and eMethanol.
Aker BP’s North Sea field comes on stream
Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Norway.
Interview: Shaping up UK’s gas infrastructure to get it ready for hydrogen bonanza
Can hydrogen overcome the obstacles in its path to show it is the real deal in the fight against climate change?
Equinor starts FEED work for low-carbon hydrogen project in Netherlands
Equinor and Linde have started the front-end engineering design (FEED) of their joint investment in the H2M Eemshaven low-carbon hydrogen project in the Netherlands.
Trio joins hands to boost seafarers’ FSRU and LNG carrier servicing skills
KN Energies, the Lithuanian Maritime Academy, and Hoegh LNG Klaipėda have inked a deal to enhance LNG carrier and FSRU servicing skills.
UK oil & gas player slapped with £100K fine in venting breach suppression drive
NSTA has given NEO Energy a fine in a clampdown on venting and flaring lack of oversight on the UK Continental Shelf (UKCS).
New CEO takes over as Prysmian sets up new organizational structure
On April 18, 2024, after the shareholders’ meeting, the Italian cabling giant Prysman has confirmed its new Chief Executive Officer (CEO) and General Manager to be Massimo Battaini.
New agreements to solidify Spain and Netherlands’ hydrogen connection
Port of Amsterdam, together with international partners, has signed two agreements on green hydrogen and hydrogen derivatives. Additionally, Evos signed an MoU with Cepsa to explore hydrogen export out of the south of Spain to Amsterdam.
Deal for work on giant Black Sea gas project finds its way to ABL’s worksheet
South-Eastern Europe’s integrated energy player OMV Petrom has selected ABL, part of ABL Group, to provide marine warranty survey (MWS) services for a natural gas project which is said to be the largest one in the Romanian area of the Black Sea.
World’s longest interconnector officially launched
Deemed the world’s largest interconnector, Viking Link, connecting the UK and Denmark, has officially been inaugurated. The £1.7 billion Viking Link, which started operating on December 29, 2023, has a capacity of 1.4 GW and stretches for 475 miles under land and sea, joining the Bicker Fen substati