Business Developments & Projects
Italy’s Saipem and Fincantieri jointly pursuing subsea robotics
Italian oilfield services company Saipem and compatriot shipbuilding giant Fincantieri have signed a Memorandum of Understanding (MoU) with the aim of evaluating opportunities for cooperation in subsea robotics for surveillance and control of critical underwater infrastructure. With the MoU, signed
Minesto sees slight decline in operating income, widens operating loss
Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2
Lhyfe secures €149 million grant for green hydrogen plant near Le Havre
Lhyfe will receive financial support from the French government to build a 100 MW green hydrogen production plant near Le Havre.
Texas LNG inks 20-year LNG offtake deal with Gunvor
Texas LNG has signed a heads of agreement (HOA) with Gunvor for a 20-year LNG FOB sale and purchase agreement (SPA) for 0.5 MTPA of LNG from Texas LNG.
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.
Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery
A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.
Under contract extension, 2009-built Siem vessel to work outside North Sea
Siem Offshore has secured a contract extension for its 2009-built diesel-electric driven multipurpose support vessel (MPSV). The 93.6-meter-long MPSV Siem Dorado has been awarded a contract extension for utilization for a period reaching towards the end of Q4 2024. Commencement will be in direct con
Louis Dreyfus Armateurs unveils liquid hydrogen SOV concept
France-headquartered Louis Dreyfus Armateurs (LDA) has introduced a concept for a service operations vessel (SOV) that utilizes liquid hydrogen as its primary fuel source. The liquid-hydrogen SOV, currently in the concept design phase, will be able to operate 95% of the time with zero carbon emissio
First steel cut for advanced Spain-made unmanned vessel
Spain’s GONDAN Shipbuilders has cut the first steel for an advanced unmanned surface vessel (USV) that will perform subsea inspection, maintenance and repair (IMR) and survey work. GONDAN Shipbuilders started the construction of the USV in collaboration with USV A/S, an alliance of DeepOcean, Solsta
Erik Thun and Electrochaea in talks over e-methane offtake for green marine fuel
Electrochaea and Erik Thun have signed a letter of intent (LoI) to initiate negotiations on the offtake of e-methane for green maritime fuel.
TotalEnergies resumes gas flow from first field as North Sea project enters ‘core’ start-up phase
TotalEnergies is days away from bringing its redevelopment project in the Danish sector of the North Sea back online, as gas from one of the fields flows into the offshore facilities.
‘World’s largest tidal scheme’ takes next step toward realization
Liverpool City Region’s Mayor has presented the UK’s “first of a kind” barrage scheme between Wirral and Liverpool for the city region’s flagship Mersey Tidal Power project. Said to have the potential to become the “world’s largest” tidal scheme, the Mersey Tidal Power project would potentially crea
France looking at options to increase interconnection capacity with UK
The French Energy Regulatory Commission is investigating the opportunity for a new electricity interconnection between France and the UK, in addition to three that are currently operating. France’s Commission de régulation de l’énergie (CRE) launched a public consultation on March 5 concerning the o
New liquid biogas plant on the horizon in Port of Gothenburg
Nordion Energi and St1 signed an agreement for the supply of liquid biogas in the Port of Gothenburg where new facility is being planned.