Business Developments & Projects
DNV: UK in need of comprehensive energy transition roadmap to usher in low-carbon future
Gears in the energy transition machine are constantly turning but not fast enough to meet the decarbonization targets that the UK has set, according to DNV.
Minesto: Functionality of Dragon 12 megawatt-scale tidal energy kite verified
Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected during its first phase of operation at its grid-connected monopile seabed foundation in Vestmannasund, Faroe Islands, the Swedish company reported. The 25-ton Dragon 12 tidal energy kite was commissioned in the early morning of Fe
KfW IPEX-Bank to fund Smyril Line’s new e-methanol RoRo newbuilds
Germany’s KfW IPEX-Bank has decided to support Smyril Line’s recently announced fleet-renewal program with a financing of €90 million.
Danish firm rolls out energy-saving fuel supply system for methanol
Danish engineering company Eltronic FuelTech has launched a new system for supplying fuel from tanks to engines of methanol-powered ships. According to the company, the system can reduce costs and save energy for shipping companies while enhancing safety. In the wake of the naming of Laura Maersk, A
Rio Tinto hires Njord for two-ship green retrofit project
Njord, a Denmark-based green technology business founded by Maersk Tankers, is partnering with Rio Tinto, a British-Australian mining group and one of the world’s largest dry-bulk shippers, to cut fuel consumption and emissions.
DOF wins offshore wind export cable repair job
Norway-headquartered DOF Group has been awarded a contract to repair an export cable for an offshore wind farm in the Southern North Sea. The project, awarded by an international energy operator, includes the retrieval of the damaged cable and termination, installation, trenching, and commissioning
With number of agreements signed, PGS to stay busy in period ahead
Norwegian seismic company PGS has signed an agreement with Shell for its cloud-based digital asset management solution designed specifically for seismic data, which is set to enable the UK-headquartered energy giant to streamline access to seismic data and accelerate workflows. This Data OnDemand Ag
Equinor preparing to spud Barents Sea wildcat with Transocean rig in spring
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the Barents Sea.
BOTAŞ and EGAS to enhance energy relations, LNG in spotlight
Turkish natural gas company BOTAŞ and Egyptian natural gas company EGAS have agreed to strengthen their energy relations, putting an emphasis on natural gas and LNG trading opportunities, cooperation on natural gas infrastructure and underground storage, as well as sharing technical information and
Minesto scales up its Faroe Islands roadmap to 200 MW tidal energy buildout (Video)
Swedish ocean energy developer Minesto has upgraded its roadmap to a 200 MW tidal energy buildout in the Faroe Islands, said to come as a response to the growing demand for renewable energy. The Faroe Islands has one of the world’s most ambitious energy transition schemes, aiming for 100% renewables
Rotterdam on track to becoming truly sustainable port
Despite a slight decline in total cargo throughput, 2023 was a year of success for the Port of Rotterdam which is making significant strides in becoming more sustainable.
Deal in place to progress low-emission Irish Sea gas field
UK’s EnergyPathways has signed a memorandum of understanding (MoU) with MCS Subsea Solutions (MCS) and Mermaid Subsea Services related to negotiating the provision of subsea FEED services for its field in the UK Irish Sea. The MoU concerns negotiating the provision of subsea FEED engineering, projec
Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says
Thermoplastic composite pipes (TCP) have shown exceptionally low hydrogen permeation values, demonstrating technical suitability for high-pressure hydrogen service, Dutch TCP producer Strohm reported following a TCP hydrogen testing program. Strohm recently completed an extensive six-month hydrogen
ZeroNorth, Alpha Ori close merger to help accelerate zero emissions shipping
Denmark-based technology company ZeroNorth and Singapore’s software developer Alpha Ori Technologies have completed a merger after receiving all required regulatory approvals.