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Business Developments & Projects

DNV okays Hanwha Aerospace’s marine hydrogen fuel cell system

Hanwha Aerospace has received approval in principle (AIP) from DNV for its 200 kW hydrogen fuel cell system designed for maritime applications.

about 1 year ago

Business Developments & Projects

Nigerian player sets sights on offshore production ramp-up, targeting 20+ wells in 2025

Nigeria’s oil and gas company Seplat Energy aims to drive transformation in Nigeria, partly by increasing offshore oil and gas production in 2025.

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about 1 year ago

Normandie Hydroliennes' NH1 tidal energy project

Business Developments & Projects

French tidal energy project secures €31.3M EU Innovation Fund grant

Tidal energy developer Normandie Hydroliennes’ NH1 tidal energy project has been awarded €31.3 million in funding from the European Union’s 2023 Innovation Fund. According to Normandie Hydroliennes, the grant will accelerate the deployment of one of France’s first commercial-scale tidal energy pilo

about 1 year ago

European Energy TotalEnergies Jammerland Bugt

Business Developments & Projects

TotalEnergies, European Energy conducting seabed surveys for 240 MW Danish offshore wind farm

European Energy and TotalEnergies have started seabed surveys in the area surrounding the planned Jammerland Bugt offshore wind farm, located between Kerteminde on Funen and Kalundborg on Zealand, Denmark. The two companies launched three vessels to carry out seabed measurements, which will provide

about 1 year ago

Business Developments & Projects

Total insured losses from North Sea containership-tanker allision to likely range between $100M to $300M

Total insured losses resulting from the allision between a Portuguese-flagged containership and a US-flagged tanker in the North Sea are anticipated to range between $100 million and $300 million for all coverages, according to a Canada-based global credit ratings agency.

about 1 year ago

Business Developments & Projects

Vast secures conditional funding for clean energy project in Port Augusta

Vast Renewables has secured up to A$180 million (approximately $113.3 million) of conditional funding from ARENA for the construction of its utility-scale clean energy project Vast Solar 1 (VS1), part of the Port Augusta Green Energy Hub, which also includes green methanol production facility Solar

about 1 year ago

Business Developments & Projects

European Energy: First e-methanol produced at ‘world’s largest’ commercial PtX facility

Danish renewables developer European Energy has commissioned the first reactor and produced the first e-methanol at its Kassø Power-to-X facility, dubbed the world’s largest commercial e-methanol facility.

about 1 year ago

Neptun Deep project's offshore platform simulation; Credit: OMV Petrom

Business Developments & Projects

New partner comes on board Black Sea block with drilling activities due in 2025

OMV Petrom has welcomed NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, as its new partner in an offshore block in Bulgaria’s part of the Black Sea ahead of the upcoming hydrocarbon exploration activities, which are anticipated to start at the block this year.

about 1 year ago

Business Developments & Projects

New Dutch-made cable maintenance vessel under construction

The Netherlands-based shipbuilder and designer Neptune Marine has commenced construction of a new cable maintenance vessel. The vessel named Altera will be 100 meters long and will be used for offshore cable maintenance work and offshore support services. According to Neptune Marine, it will be capa

about 1 year ago

Business Developments & Projects

Horisont Energi inks new ammonia sales deal for Barents Blue project

Norwegian clean energy company Horisont Energi has secured a non-binding term sheet with a European energy group for ammonia sales from its Barents Blue clean ammonia plant in northern Norway.

about 1 year ago

The European Marine Energy Centre (EMEC) has appointed Matthew Finn as its new managing director. Finn will lead a reshaped executive team as the facility for demonstrating and testing wave and tidal

Business Developments & Projects

EMEC appoints new leadership team

The European Marine Energy Centre (EMEC) has appointed Matthew Finn as its new Managing Director. Finn will lead a reshaped executive team as the facility for demonstrating and testing wave and tidal energy converters advances its clean energy initiatives. EMEC’s leadership revamp also sees Mark Ham

about 1 year ago

Business Developments & Projects

K Line renames UK subsidiary to bolster energy transition efforts

Japan’s shipping company Kawasaki Kisen Kaisha (K Line) has decided to change the name of its London-based wholly-owned subsidiary K Line LNG Shipping (UK) Limited in a bid to strengthen its energy transition endeavors in Europe. According to the company, its British branch is set to go under the na

about 1 year ago

Business Developments & Projects

FPSO sets its sails toward North Sea project with oil production extension to 2045 in mind

Vår Energi has confirmed the tow-out of a floating production, storage and offloading (FPSO) vessel from the Worley Rosenberg yard to a field in the North Sea off the coast of Norway.

about 1 year ago

Business Developments & Projects

ExxonMobil’s FPSO adds ‘next level’ sustainability notation to its collection

A floating production, storage, and offloading (FPSO) unit owned by ExxonMobil Guyana, a subsidiary of U.S. oil major ExxonMobil, has received the first sustainability notation of its kind from the classification society American Bureau of Shipping (ABS).

about 1 year ago