Business Developments & Projects
WATCH: Taking North Sea oil & gas platform apart piece by piece
Aker Solutions has removed a 2,000-ton module from the main structure of a decommissioned oil and gas platform.
European grid operator eyeing collaborative model for offshore energy infrastructure maintenance
TenneT is gauging the level of interest oil & gas and wind farm operators have in a collaborative model, which will jointly house management and maintenance services of the offshore energy infrastructure.
Swiss Alpiq acquires majority stake in Finnish hydrogen firm P2X Solutions
Alpiq and P2X Solutions have agreed on a financing arrangement according to which Alpiq will invest approximately €47 million in P2X, becoming its majority owner.
ABL sets up shop in Romania to expand its Black Sea footprint
ABL, part of ABL Group, has opened a new office in Constanta, Romania, to support the offshore energy and maritime markets in the Black Sea.
Italian FSRU coming back online in mid-October after maintenance works end
OLT Offshore LNG Toscana’s FSRU, which works off the coast between Livorno and Pisa, is now on its way to Genoa to begin maintenance activities.
YSA Design rolls out concept for biomethanol-powered sailing cruise ship
Norwegian company YSA Design has unveiled a concept for a new sail-powered catamaran cruise ship.
Acciona Energía expands floating solar project in Spain
Acciona Energía has added a new photovoltaic (PV) floating system to its floating solar power plant at the Sierra Brava reservoir in Spain as part of a pilot project to evaluate the system’s performance.
HydrogenPro secures $7.6 million investment from Andritz
HydrogenPro has acquired NOK 82.7 million ($7.603 million) in new equity through a private placement of new shares towards Andritz.
BP and Petrofac extend their North Sea relationship
BP has prolonged its collaboration with Petrofac for work at its oil and gas assets in the North Sea.
Seabed survey of potential offshore wind area in North Sea goes to Finnish firm
Arctia has been tasked with carrying out a hydrographic seabed survey of a potential offshore wind farm area in the Norwegian waters.
Saipem wraps up work on gas project destined to boost Europe’s LNG arsenal
Saipem has completed its subsea assignment on a natural gas project off the coast of Greece, which will bolster Southeast Europe’s LNG supply.
UK’s pursuit of digitalization making way for integrated energy system to boost security of supply and net zero aspirations
Aimed at enhancing collaboration and data sharing among North Sea players, the principles should enable the UK to fortify energy security.
Shell backs wave energy project offshore US
UK-headquartered energy giant Shell has teamed up with Swedish-Israeli wave energy developer, Eco Wave Power, to collaborate on what is the first wave energy project in the U.S. for both companies.
Lack of digital processes in shipping complicates decarbonization game
There is a potential for significant carbon reductions through the adoption of digital processes in the shipping sector, a new study published by Global Shipping Business Network (GSBN) highlights.